B.L.KASHYAP & SON LTD

21.8 0.0 (0.0%) Buy

Profit booking on the minds of BLKASHYAP investors as it shows marginal outperformance

13 min read

B.L.KASHYAP & SON LTD managed to marginally outperform the broader market on Friday. It lost 0.0% to close at 21.8. It is currently trading -66% below it's 52 week high of 65.15.

[Themes containing BLKASHYAP]

BLKASHYAP is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning -10.66%) for BLKASHYAP's investors than trading long signals.

Trend

BLKASHYAP has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, BLKASHYAP underperformed the NIFTY-50 index on 57% days.

BLKASHYAP returned losses on 60% days in the last three months. During this time, it delivered on average -0.13% per day. It delivered it's best daily return of +15.28%, during this period, on Wednesday, 19 Dec, 2018. There was initially a bearish trend during this period which started on 9 Nov, 2018 and went on till 15 Nov, 2018. The trend delivered -7.42% losses to investors. This was followed by a bullish trend that started on 10 Jan, 2019 and ended on 14 Jan, 2019. This bullish trend delivered +11.11% to investors.

BLKASHYAP had 3 profitable and 9 loss making months over the last year. During the last year, BLKASHYAP underperformed NIFTY-50 index on monthly return basis. BLKASHYAP was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Feb 2018, returned -20.92% compared to -6.42% returned by NIFTY-50 index in Sep 2018. BLKASHYAP had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -45.96%. It is interesting to note that both BLKASHYAP and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it .
-- Peter Lynch

BLKASHYAP is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in BLKASHYAP's volatility from 23 Oct, 2018 to 6 Dec, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that BLKASHYAP has significant negative skewness in it's return distribution. This indicates that BLKASHYAP is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than BLKASHYAP. Therefore, NIFTY-50 must receive a lower allocation than BLKASHYAP in your portfolio. NIFTY-50 index usually has shorter drawdown period than BLKASHYAP.

On a general note (since you are interested in BLKASHYAP), two small cap instruments that deserve special mention are IGARASHI and ASTRAZEN. They have significantly outperformed the overall market.

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