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August 19, 2024

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In keeping with SEBI guidelines, our MTTs which have consistently outperformed market expectations, will no longer feature target prices or recommendations to ‘BUY’ or ‘Add’. Readers must, 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.
As per market grapevine, although India is promising with a bright future but scams are bound to surface. The common perception of Indian trader or businessman is that ‘so long I am not caught, why should I worry?’ FPIs are busy with this 1000 points correction and the rally in options has become their mainstream income, which is nothing short of a scam. Though they may call it a business skill, it is nothing but a scam where retail investors are looted. Finance Minister said that there is froth in the F &O segment.
As per astrology view, some important turning dates are 19, 23 & 30rd August 2024. Expect stock-specific profit booking between August 19-30. Be careful for the next few days as Mars is in conjunction with Jupiter since 13th August. This conjunction is a challenging alignment with Saturn, which some astrologers say could restrict opportunities, cloud the vision and block the forward momentum. This negative energy will heighten frustration, restlessness and harsh behaviour. For stock market investors/traders, this period could lead to a pause and a period of heightened volatility.
As per market grapevine, August has seen rumours of correction as 1000 companies exited the pledge list and 1000 companies got added to extra surveillance measure (ESM) list and the Nifty fell 23913 from 25800 before shooting up again to 24541 on Friday. The million-dollar question now is the impact of August's monthly expiry on traders.
As per market grapevine, on 4th June, FPIs including George Soros were heavily short and paid the price. HNIs have liquidated 1000 pledged positions with another 1000 likely to move to the ESM list. SEBI may adjust lot sizes to Rs.20 lakh but uncertainty remains when it will happen.
As per market veterans, Q1FY25 results are generally average with only a few standout performances. Most stocks appear overvalued, so investors should analyze results carefully and consult their financial advisor before making new purchases or booking profits. Broad market gains seem limited with future gains likely to be stock-specific and driven by index management.
As per IMF’s Gita Gopinatth, India’s growth better than expected to become 3rd largest economy by 2027. Great news for India and for investors.
In 25th November MTTs, Bondada Engineering given at Rs.444 touched Rs.3250 during the week - a gain of 632%.
In 21st January MTTs, HFCL was given at Rs.88 hit Rs.146 during the week - a gain of 66% & still looks good.
In 17th Feb MTTs, Lehar Footwears given at Rs.132 touched Rs.262 during the week - a gain of 98%.
In 6th April MTTs, Kaka Industries given at Rs.179 touched Rs.294, Pee Cee Cosma given at Rs.415 touched Rs.599 during the week.
In 20th April MTTs, Kriti Industries given at Rs.133 touched Rs.258 during the week - a gain of 94%.
In 27th April MTTs, Kriti Nutrients given at Rs.110 touched Rs.167 during the week - a gain of 52%.
In 1st June MTTs, SNL Bearings given at Rs.365 touched Rs.415 & still looks good. Vasundhara Rasayan given at Rs.221 touched Rs.398 during the week, a gain of 80%. Now it is better to book profit fully in Vasundhara Rasayan. Anantraj given at Rs.385 touched Rs.605, a gain of 57%& still look good.
In 8th June MTTs, Crest Ventures given at Rs.417 touched Rs.485 & still look very good, Morepen Lab given at Rs.48 touched Rs.63 & still look very good.
In 15th June MTTs, Anantraj given at Rs.424 touched Rs.605 & still looks good, HFCL given at Rs.118 touched Rs.146 & still looks good.
In 22nd June MTTs, Kopran given at Rs.253 touched Rs.288 during the week.
In 29th June MTTs, BL Kashyap & Sons given at Rs.90 touched Rs.119, VLS Finance given at Rs.293 touched Rs.368 during the week.
In 6th July MTTs, Pee Cee Cosma given at Rs.446 touched Rs.599 during the week.
In 13th July MTTs, Kitex Garments given at Rs.216 touched Rs.339, a gain of 57%, Super Crop Safe given at Rs.12.60 touched Rs.19.44 - a gain of 54% during the week. Now it is better to book profit in Super Crop Safe.
In 20th July MTTs, Morepen Lab given at Rs.54 touched Rs.63 on Friday 2nd August & still looks good.
Last week in 27th July MTTs, Super Crop Safe given at Rs.13.75 touched Rs.19.44 during the week. Now it is better to book profit. HFCL given at Rs.123 touched Rs.146 & still looks good.
Last week in 10th August MTTs, Super Crop Safe given at Rs.15 touched Rs.19.44 during the week. Now it seems better to book profit.
As per market grapevine, Anantraj, Crest, Everest Kanto Cylinder, GAIL, Grauer Weil, HCC, HFCL, ITHL, ITD Cementation, Indo Amines, Prakash Ind., Morepen Labs, Pen Inds., RDB Rasayan, Sagarsoft, Univastu and may surpass their 52 weeks highs.

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