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Although Money Times recommendation have outperformed other media, stock brokers and research houses, the brief recommendations under Money Times Talk (MTT) cannot display ‘BUY’, ‘SELL’ or ‘HOLD’ recommendations. Readers should, therefore, exercise their own judgement and evaluate the future prospects of the stock given its past performance, industry prospects in the backdrop of a growing economy and in consultation with their investment adviser.
- FM on F&O trading clarified the government won’t restrict derivatives but aims to streamline them. As per market veteran, traders must understand risks, avoid greed and FOMO, and invest with due diligence—or stick to mutual funds.
- SEBI expanded IPO anchor book size to 40% from 33% to enhance institutional investor participation.
- Signs of Excessiveness & Extremism: Top Signs: 1. Large number of IPOs, 2. Rapidly rising prices, 3. Excess leverage, 4. Easy availability of credit, 5. Over-optimistic newspaper & magazine covers, 6. Very high trading volumes, 7. Historically high P/E & EV/EBITDA multiples, 8. Boom in art & luxury markets, 9. Financial press and TV become mainstream favourites, 10. “This time is different” narrative, 11. Amateur investors entering equities, 12. Innovation-driven market euphoria. Bottom Signs: 1. Few mergers and acquisitions, 2. Very few IPOs, 3. No new venture capital inflows, 4. Low price/sales & EV/EBITDA multiples, 5. Many stocks trading below book value, 6. Very low P/E multiples, 7. Central banks easing for 6–12 months, 8. Previously hot sectors now hated, 9. Credit limited to top-quality borrowers, 10. Investors cautious and staying out of market, 11. Negative media sentiment and covers, 12. Depressed consumer sentiment.
- Alert: Quant MF’s Sandeep Tandon warned that investor “stupidity” is driving IPO frenzy, with Indian investors paying unjustified valuations that global markets wouldn’t approve.
- As per market grapevine, with infra and core sector expansion by government and private firms, Somi Conveyor Beltings may emerge as a strong proxy play, similar to PIX Transmission. Above Rs.228, new range may open up to Rs.250–270.
