- “Multibagger” investing is becoming a marketing trend: Investing should focus on quality businesses rather than chasing extraordinary returns. The term “multibagger” describes an outcome, not an investment strategy. Retail investors should avoid chasing past returns and instead build a diversified portfolio of quality businesses with long-term growth potential. Targeting a reasonable 15-18% annual return over 10-20 years, while allowing good businesses to compound, is a more disciplined approach to wealth creation.
- Big global alert: Rising inflation and prolonged geopolitical tensions are pushing bond yields higher, increasing rate-hike concerns and the risk of pressure on corporate profits. France’s 10Y yield hit 4.16%, Germany 3.31%, Portugal 3.665%, Italy 4.15%, Spain 3.76%, the US 4.80% and India 7%. JGB yields are at record highs across the curve, while UK 10Y gilt yields are at their highest since 2008. The global bond market signals heightened financial-market risk.
- September IPO calendar is overloaded: After around Rs.56,000 crore raised through IPOs in July-August, September could see another 45,000 crore+ of issuance, creating liquidity pressure in the secondary market. With the NSE IPO potentially arriving before Diwali, investors should remain cautious as past mega-IPO periods have often seen profit booking in cash-market stocks.
- Atlanta Electricals received Rs.193.92 crore and Rs.285 crore orders from AP and Punjab utilities. Q1 FY27 EBITDA/PAT grew 58%/50%, order backlog Rs.3,117 crore and Rs.340 crore debt repaid. Breakout above Rs.2,152 may open Rs.2,250-2,500.
- Blackrose advanced its PAM project towards commercialisation and continues acrylamide-based product development. 200% interim dividend for FY27 is a strong positive. Attractive versus its Rs.239 lifetime high.
- Chemcon Speciality Chemicals reported a strong FY27 start, driven by better realisations, new products and customer traction. Attractive versus its Rs.731 lifetime high.
