Happy New Year to you & family.
The year 2012 was full of exciting events, on the other hand there were some lessons to be learnt during the year.
The Indian equity market (Nifty) gained 27.7% in 2012. Some good amount of buying was seen in Banking, Media, FMCG and Auto stocks during the year while IT stocks were down for the year.
In the 1st week of 2012, we had indicated clearly that IT stocks will be under-performer in 2012. Now, at the end of 2012, we can clearly see that ONLY IT stocks were down for the year while all other sectoral stocks were up.
As we take 1st step in 2013, we, at Dhaval P Vyas Investment Research, wish you all the very best and may you achieve all success, health & wealth in the year 2013.
Have profitable year 2013,
With warm regards,
Dhaval P Vyas, CFA, MS(Finance)