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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.
- Markets never move in straight lines. From Oct 2021–Jun 2023, Nifty stayed at 18,600 for 20 months, then surged 40% by Sep 2024. Since then, consolidation continues with just 3% returns. Patience is rewarded silently then explosively.
- With government focus on infrastructure and core sectors, and private capacity expansion in cement, power, steel & ports, Somi Conveyor Belting is a strong proxy. If it breaks Rs.228 (52-week high), the next range may be Rs.250–270.
- To sustain and create wealth in markets: 1). Avoid FNO/Options trades. 2). Avoid intraday. 3). Avoid bulk buying in just 2/3 stocks. 4). Avoid sudden buying on news flashes. 5). Avoid investing more than available capital. 6). Avoid using arranged/borrowed capital. 7). Avoid lifestyle inflation—spending more as income grows. 8). Avoid withdrawing profits too early. 9). Avoid chasing quick wealth. 10). Avoid lack of diversification. 11). Avoid emotional investing. 12). Avoid regret, revenge, greed, laziness, ego trading, and FOMO; markets can reward patience and discipline.
- Paper stocks rallied on Friday, 3rd October, as distributor checks showed last week’s 6% GST pass-through hike and a possible 2-4% hike in the next 2 weeks. Shreyans Industries and Ruchira Papers, paying 50% dividends, remain attractive value buys with strong dividend track records.
- Historical Nifty50 P/E (Calendar Year Closing): 2009: 22.7, 2010: 23.8, 2011: 17.3, 2012: 18.6, 2013: 18.5, 2014: 21.2, 2015: 21.1, 2016: 21.4, 2017: 26.4, 2018: 26.0, 2019: 28.1, 2020: 27.2, 2021: 23.6, 2022: 22.0, 2023: 22.6, 2024: 22.2, 2025: 22.4 (till date).
