Latest news with #Passion
Indian Express
5 days ago
- Business
- Indian Express
Knowing when to sell a stock: Key signals investors shouldn't ignore (Part 2)
Among investment decisions, knowing when to sell a stock is often the most challenging. If you've read Part 1 of this story, you already know that selling isn't just about booking profits, rather, it's about protecting capital. We previously discussed what to do when a stock becomes too expensive, when business momentum slows, and when governance red flags begin to emerge. But sometimes, the risk lies outside the company. Sometimes, even the best-run businesses can become bad bets if their industry is in decline or if you hold on too long without re-evaluating. In this second part, we look beyond the balance sheet and ask: Is the company still playing a winnable game? And if not, is it time to let go? 1. When the industry changes: Don't let a good business turn into a bad investment Sometimes, the problem isn't with the company. The business might be well-run and the balance sheet clean, but if the entire industry is heading in the wrong direction, even great businesses can lose relevance. Think of this as the 'Blockbuster vs Netflix' problem. Only in our case, it's Kodak vs smartphones, or Hindustan Motors vs Maruti. Let's look at how this plays out in India. Dish TV and the Fall of DTH In the 2000s, Dish TV was a disruptor. Millions of Indians were moving from cable to satellite TV. The stock multiplied between 2007 and 2010, riding the wave of digital adoption. But by 2015, another wave was quietly building that was streaming. YouTube, Hotstar, Netflix, Amazon Prime; all started eating into traditional DTH. Dish TV didn't pivot. Revenues flattened, subscribers dropped, and the company turned loss-making by FY20. The stock fell from Rs 110 in 2010 to around Rs 15 by 2023. A long, painful fade, not a sudden crash. Another example is Hero MotoCorp. India's undisputed two-wheeler king: strong brand, rural reach, bulletproof finances. But while competitors like Ather, Ola Electric, and TVS moved aggressively into electric scooters, Hero remained slow and cautious. Hero's legacy ICE models (Splendor, Passion) still sell, but the long-term question remains: can Hero lead the EV transition? The market has noticed: Infrastructure and power companies in the post-2008 era Remember GVK Power, GMR Infra, or Lanco Infratech? They were darlings of the infrastructure boom from 2005 to 2009. But post-global financial crisis, the debt cycle turned vicious. Regulatory hurdles, stuck projects, and land acquisition delays choked growth. By the time promoters tried to pivot or restructure, it was too late. Today, many of these companies are either penny stocks or delisted. Investors who didn't exit early kept holding out in the hope and lost everything. So how do you identify a dying or disrupted sector? Low innovation and flat revenue across top players: If the entire sector isn't growing, there's no tide to lift any boats. New entrants grabbing market share with better tech or models: Think of fintechs eating into NBFCs, or startups challenging legacy media. Heavy government regulation or policy shocks: Sectors like telecom and infra are especially vulnerable. One spectrum pricing policy or land bill can derail years of planning. Global trends moving in a different direction: For example, the shift away from fossil fuels is affecting traditional oil refiners and coal-based utilities. The mindset shift? Markets evolve. Technology leapfrogs. Policies change. Consumer habits shift. If you're holding a stock in a sector that's going downhill, ask yourself: Is the company fighting the tide or riding it? 2. The 'hold forever' myth: Even great companies can lose their edge We've all heard it: 'Buy good companies and hold forever.' Sounds elegant. Feels wise. But here's the truth: in real-world investing, 'forever' is a dangerous word. Because businesses evolve. So do industries, leadership, regulations, and consumer behavior. And if you don't reassess your holdings regularly, time can erode even the strongest fundamentals. Let's go back a few decades. Hindustan Motors: From market leader to market exit At one point, Hindustan Motors was India's largest carmaker. The Ambassador was a symbol of power, comfort, and status used by government officials, bureaucrats, and taxi fleets. But then Maruti Suzuki entered the market. It brought Japanese reliability, fuel efficiency, and aggressive pricing. Hindustan Motors didn't adapt, and by 2014, it shut down its Uttarpara plant. From a position of dominance, it disappeared. Investors who bought in the 1990s and held out of nostalgia or blind belief watched their capital evaporate. Original Sensex members: Only 7 out of 30 survived When the BSE Sensex was launched in 1986, it had 30 companies. Today, only 7 of those 30 remain in the index. Companies like Ballarpur Industries, Premier Automobiles, Mukand Iron, and Scindia Steamships — all were once blue-chip. Now? Either defunct, delisted, or barely trading. If you had invested Rs 10,000 in the 'wrong half' of that original Sensex and held on blindly, you'd be left with scraps or nothing. Global example: IBM, Xerox, Kodak Zooming out, the same lesson applies globally: The problem wasn't incompetence. It was inertia and the inability to change fast enough. So, what should retail investors learn? Don't confuse a good company with a permanent investment. Even industry leaders lose steam if they don't innovate or adapt. Always watch for product stagnation, competitive pressure, or market shifts. Review your holdings at least once a year. Ask yourself: 'If I didn't already own this stock, would I buy it today?' If the answer is no, maybe it's time to sell. Cut emotional attachment. Just because a stock made you money in the past doesn't mean it owes you more in the future. Track management, strategy, and capital allocation. A change in leadership or reckless expansion can erode years of compounding in just a few quarters. The bottom line? Yes, long-term investing works. But blind holding doesn't. Holding forever only works for businesses that earn the right to be held year after year. Conclusion: The quiet skill that builds long-term wealth Selling is rarely as satisfying as buying. There's no celebration when you book profits. No praise for cutting a loss early. But the truth is that's where the real discipline lies. Because wealth isn't just built by riding winners. It's built by avoiding traps, exiting when the story changes, and not letting loyalty get in the way of logic. You don't need to get every stock right. But when you do see the signs, have the courage to exit. Because in investing, the ability to let go is just as powerful as the ability to hold on. Note: This article relies on data from the annual report and industry reports. We have used our assumptions for forecasting. Parth Parikh has over a decade of experience in finance and research and currently heads the growth and content vertical at Finsire. He holds an FRM Charter along with an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Times
03-05-2025
- Entertainment
- Times
Peter Hutley, 96: Entrepreneur and producer of popular Passion plays
A man known for his big ideas, the entrepreneur Peter Hutley surprised few people when he returned from a life-changing visit in 1989 to the Roman Catholic shrine at Medjugorje in Bosnia-Herzegovina to announce that he would write and stage the Christian Gospel stories. While the performances in the barn of his 1,000-acre Surrey home Wintershall started out as Nativity plays which his creative wife Ann put together, they became so popular that he wrote the full Life of Christ and in 2010 transferred the Passion play to Trafalgar Square. There they have continued to be performed annually to about 20,000 people on Good Friday. For the millennium, Peter wrote The Life of Christ, a five-hour open-air depiction of the Annunciation through to the
Asharq Al-Awsat
24-04-2025
- Entertainment
- Asharq Al-Awsat
Saudi Arabia's King Abdulaziz Public Library Celebrates World Book Day
To mark World Book Day, observed annually on April 23, the King Abdulaziz Public Library in Riyadh launched the musical play "Passion" at the Riyadh Municipality Theater. The library's World Book Day celebration continues until 5:00 p.m. on Saturday, featuring a cultural symposium hosted by a group of writers and literary figures. The symposium will discuss a range of topics related to books and authorship. Furthermore, the library is expanding the scope of reading, research, and the preservation of books for all segments of society. It offers events, seminars, poetry readings, book discussions, children's programs, and aims to preserve heritage initiatives. The library also translates different media on Saudi culture into various languages alongside Western travelogues of the Kingdom, promoting the continuous exchange of knowledge and culture.
Daily Tribune
19-04-2025
- General
- Daily Tribune
Good Friday service held by Catholic community
The Bahrain Malayali Catholic community observed the Passion and Crucifixion of Jesus Christ with solemn Good Friday services held from 8am yesterday at the Sacred Heart School in Isa Town. The observances began with the Way of the Cross and a penitential procession around the school grounds. This was followed by services led by Fr. Francis Joseph OFM Cap., Vicar of Sacred Heart Church in Manama. He was joined by Fr. Saji Thomas OFM Cap., Rector of Our Lady of Arabia Cathedral, along with Fr. John Britto, Fr. Lijo Abraham, and Fr. Sebastian Isaac. The service included readings on the Passion of Christ, veneration of the Cross, Holy Communion, and adoration of the Crucified Christ. After the service, a solemn procession displaying the Body of Christ was held in the school grounds, with clergy and a congregation of over 7,000 faithful participating.
Yahoo
19-04-2025
- Entertainment
- Yahoo
Chicago parish walks Way of the Cross on Good Friday despite ICE fears
The Brief St. Jerome Parish in Chicago continues its tradition of reenacting the Stations of the Cross on Good Friday, drawing parishioners into a powerful, immersive reflection on Jesus' final hours. The event is deeply spiritual for both participants and viewers, with actors bringing the Passion to life on the streets. Despite concerns over immigration enforcement, many undocumented members courageously join the procession as an expression of faith. CHICAGO - Historic St. Jerome Parish has been doing Via Crucis, or the Way of the Cross, since 2006. It is one of many churches in the Chicago Archdiocese remembering the suffering and death of Jesus on Good Friday. Parishioners line the streets to participate in the Stations of the Cross processionals taking place across the Chicago Archdiocese. Members of the church act out the journey of Jesus, who carried the cross to his crucifixion. The sounds are amplified, so the audience can hear the women weeping as soldiers whip Jesus. What they're saying For the actors, it is a moving experience. Miguel Patino played Pontius Pilate. According to scripture, Pilate ordered the crucifixion of Jesus. Patino has played the role for three years, admitting that no one else wants to play the part of the bad guy but he said it is his honor to carry on this tradition. "It's a Catholic tradition and a commemoration of Jesus Christ, a passion, life and death," Patino said. They make it realistic so those who are watching will feel something spiritual. "It's a very moving, very devotional, very prayerful walk from the time we begin at St. Ignatius to St Jerome," Father Noel Beltran Reyes of St. Jerome said. Dig deeper This year, parishioners are concerned that federal agents could be looking for undocumented immigrants. Reyes did warn his community. "With the current situation of the government right now, I warned them. I told them ICE might be around, there's always a possibility. They said, 'if God permits, so be it.' It's very moving to see them having this kind of faith." It's a serious test of faith for this diverse congregation and a risk many are willing to take. The Source This story was reported from interviews with Miguel Patino and Father Noel Beltran Reyes of St. Jerome.
