*MONEY TIMES TALK*
*MAY 11, 2024*
₹
*Golden rules for stress free journey in the market:* Focus on fundamentally/technically good growth stocks at reasonable valuations and review their results every quarter. Never follow anyone blindly. Avoid buying & selling in panic. Avoid margin funding trading/investment. Revise your exit strategy and stop loss on a continuous basis. Have faith in India’s big growth story subject to the Modi govt. continuing with 2/3rd majority. Wild volatility is likely with profit booking at every rise till 4th June so trade/invest wisely till then.
*As per astrology, some important dates are 14, 18, 21 & 27 May; and 3 & 4 June. Further, the NDA may form govt. but with lesser seats compared to 2019.*
*As per a market veteran,* markets will test your patience from time to time as every phase of the market is not the same as it was earlier when making profits was easy in a week or month. There will be times when it might take longer. So, you have to adjust according to the market conditions or like you do in different weather conditions to protect your body and acclimatize yourself.
*Summary of Sandeep Tandon's (CIO, Quant Mutual Fund) recent media interview:* Closer to elections and high volatility market, we have raised our cash holdings to significant levels. • It doesn't make sense at this level to buy options or puts, so we have moved to cash. • Our stock holdings are more liquid now. • 2024 belongs to metals and mining cos. globally, not just India. • FMCG sector shows early signs of bottoming out.
*Factors that led to last week’s slide in the equity market:* 1) Poll Pressure: With three phases of 2024 elections behind us, uncertainty has hit the Street, with a drop in the preelection exuberance. 2) Although the PM’s prospects of getting re-elected is a consensus view, there are doubts about the 400+ target. 3) Earnings Impact: Market has reacted to the earnings of most cos. 4) FIIs selling has weighed on the market sentiment as they are net sellers in 2024. 5) Premium valuations. 6) Lack of fresh triggers. 7) As per SATTA BAZAR, NDA will form govt. but with less seats compared to 2019.
In our 6th Jan MTTs, *Sika Interplant* recommended at Rs.1395 touched Rs.2150.
In our 13th Jan MTTs, *Competent Auto* recommended at Rs.408 touched Rs.628.
In our 6th Apr MTTs, *Mindteck (India)* recommended at Rs.214 touched Rs.352, mind blowing gains of 64% in just 1 month in a highly negative market/.
In our 4th May MTTs, *Andhra Petrochemicals* recommended at Rs.90.68 touched Rs.94.75, *AK Capital*
recommended at Rs.910 touched Rs.954, *Available Finance* recommended at Rs.296 touched Rs.341, *Resonance Specialties* recommended at Rs.122 touched Rs.128, *Shetron* recommended at Rs.126 touched Rs.144, *Denis Chem* recommended at Rs.193 touched Rs.223 during the week.
*Raminfo* posted 9M NP of Rs.5.95 cr. and EPS of Rs.12. Its profit grew at a CAGR of 39% over the last 5 years. It acquired a 29% stake in 'MVUS', which has been awarded Rs.289 cr. contract. On 15 March, it made allotment of 8,28,825 equity shares and 34,29,007 convertible warrants to promoters and non-promoters. Buy for multi-bagger gains.
*DCM Shriram Industries* 9M NP rose 151% to Rs.75.17 cr. from Rs.29.97 cr. YoY and paid 100% interim dividend. It holds huge reserves of Rs.746 cr. With notable institutional & HNI holdings and a 3-way demerger, expects significant gains in FY25. Buy for hefty gains.
*Shri Bajrang Alliance* caters to Jubliant Foods, KFC and Lulu Group for exports. It partners with Nestle India to manufacture several food items and posted 9M PAT of Rs.27.56 cr. and EPS of Rs.30. It is now available at very attractive valuations. Buy for multi-bagger gains.
*Andhra Petrochemicals’* Q3 NP grew 923% to Rs.9.82 cr. from Rs.0.96 cr. YoY. It is the largest manufacturer of Oxo alcohols and its Normal & Iso Butanol cater to various segments. Its tie-up with GAIL for Natural Gas will lower production cost & boost its bottom-line. Buy for hefty gains.
*MAY 11, 2024*
₹
*Golden rules for stress free journey in the market:* Focus on fundamentally/technically good growth stocks at reasonable valuations and review their results every quarter. Never follow anyone blindly. Avoid buying & selling in panic. Avoid margin funding trading/investment. Revise your exit strategy and stop loss on a continuous basis. Have faith in India’s big growth story subject to the Modi govt. continuing with 2/3rd majority. Wild volatility is likely with profit booking at every rise till 4th June so trade/invest wisely till then.
*As per astrology, some important dates are 14, 18, 21 & 27 May; and 3 & 4 June. Further, the NDA may form govt. but with lesser seats compared to 2019.*
*As per a market veteran,* markets will test your patience from time to time as every phase of the market is not the same as it was earlier when making profits was easy in a week or month. There will be times when it might take longer. So, you have to adjust according to the market conditions or like you do in different weather conditions to protect your body and acclimatize yourself.
*Summary of Sandeep Tandon's (CIO, Quant Mutual Fund) recent media interview:* Closer to elections and high volatility market, we have raised our cash holdings to significant levels. • It doesn't make sense at this level to buy options or puts, so we have moved to cash. • Our stock holdings are more liquid now. • 2024 belongs to metals and mining cos. globally, not just India. • FMCG sector shows early signs of bottoming out.
*Factors that led to last week’s slide in the equity market:* 1) Poll Pressure: With three phases of 2024 elections behind us, uncertainty has hit the Street, with a drop in the preelection exuberance. 2) Although the PM’s prospects of getting re-elected is a consensus view, there are doubts about the 400+ target. 3) Earnings Impact: Market has reacted to the earnings of most cos. 4) FIIs selling has weighed on the market sentiment as they are net sellers in 2024. 5) Premium valuations. 6) Lack of fresh triggers. 7) As per SATTA BAZAR, NDA will form govt. but with less seats compared to 2019.
In our 6th Jan MTTs, *Sika Interplant* recommended at Rs.1395 touched Rs.2150.
In our 13th Jan MTTs, *Competent Auto* recommended at Rs.408 touched Rs.628.
In our 6th Apr MTTs, *Mindteck (India)* recommended at Rs.214 touched Rs.352, mind blowing gains of 64% in just 1 month in a highly negative market/.
In our 4th May MTTs, *Andhra Petrochemicals* recommended at Rs.90.68 touched Rs.94.75, *AK Capital*
recommended at Rs.910 touched Rs.954, *Available Finance* recommended at Rs.296 touched Rs.341, *Resonance Specialties* recommended at Rs.122 touched Rs.128, *Shetron* recommended at Rs.126 touched Rs.144, *Denis Chem* recommended at Rs.193 touched Rs.223 during the week.
*Raminfo* posted 9M NP of Rs.5.95 cr. and EPS of Rs.12. Its profit grew at a CAGR of 39% over the last 5 years. It acquired a 29% stake in 'MVUS', which has been awarded Rs.289 cr. contract. On 15 March, it made allotment of 8,28,825 equity shares and 34,29,007 convertible warrants to promoters and non-promoters. Buy for multi-bagger gains.
*DCM Shriram Industries* 9M NP rose 151% to Rs.75.17 cr. from Rs.29.97 cr. YoY and paid 100% interim dividend. It holds huge reserves of Rs.746 cr. With notable institutional & HNI holdings and a 3-way demerger, expects significant gains in FY25. Buy for hefty gains.
*Shri Bajrang Alliance* caters to Jubliant Foods, KFC and Lulu Group for exports. It partners with Nestle India to manufacture several food items and posted 9M PAT of Rs.27.56 cr. and EPS of Rs.30. It is now available at very attractive valuations. Buy for multi-bagger gains.
*Andhra Petrochemicals’* Q3 NP grew 923% to Rs.9.82 cr. from Rs.0.96 cr. YoY. It is the largest manufacturer of Oxo alcohols and its Normal & Iso Butanol cater to various segments. Its tie-up with GAIL for Natural Gas will lower production cost & boost its bottom-line. Buy for hefty gains.