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March 26, 2024
- ➢ As per market veteran, the Holi festival with its mythological origins has a significant impact on the rural economy as it marks the transition from winter to spring and farmers await a good harvest. It has a symbolic impact on the capital markets too as likely to been seen in the pull back in FY24 after the recent crash of the past few weeks
- ➢ Market wizard, Vallabh Bhansali, in an interview opined that India’s political birth was in 1947, its economic birth was 1991 and but a national awakening took place on 22nd January 2024 at Ayodhya and India’s growth is now certain. Manufacturing is catching up and 15 years under Modi Govt. will go a long way in creating policy impact as growth multiplies.
- ➢ As per market veteran, nobody can catch the top or bottom of a market or a stock but there are different way to mint money or create wealth. Physical skill alone does not dictate the outcome of trading as psychology and risk management are the unsung heroes of trading. Big money is made by taking large positions but trading can help generate modest profits. The profit booking on fiscal year end considerations happens every March and this year is no different. Good stocks will bounce back in April 24 so be smart to pick-up fundamentally strong stocks.
- ➢ As per market veteran, there are two holidays this week. With only 3 working days only on Tuesday, Wednesday and Thursday, stock specific big wild volatility can be expected.
- ➢ The current craze for the SME IPOs is not worthy of investment as investors get carried away by Grey market premium and over subscriptions figure, both of which are manipulative. Stay away from IPOs with poor fundamentals. SEBI is ceased the matter and is likely to come out with new norms to protect retail investors.
- ➢ As per astrology view some important turning dates for the month of March are 26 and 28 and for the month of April are 1, 8, 11, 18, 23 and 25.
- ➢ Indiabulls Housing Finance is available at attractive valuations and is likely to cross its 52-week high. Add.
- ➢ PNB 9M NP rose 288% YoY. Government holds 73.15% and DIIs hold 13.74% stake. Add for 25% gains.
- ➢ From high level after big crash in midcaps/small caps/micro caps stocks investors can focus on Aeroflex, Amines & Plasticizers, Anantraj, Artefact Projects, BDL, BEL, BHEL, BF Utilities, Black Rose, BPCL, Competent Auto, Cochin Shipyard, Container Corporation, Dolat Algotech, Dredging Corporation, Engineers India, Essen Speciality Films, ESAF, Exxaro Tiles, GIPCL, GPPL, Godavari Drugs, HFCL, HSCL, HCC, Himatsingka Seide, HUDCO, IRB Infra, IRFC, ITD Cementation, Indiabulls Housing Finance, Indiabulls Real Estate, Ircon International, Jain Irrigation, Jayaswal Neco, Kaka Industries, Lehar Footwears, Mazagon Dock, Meghmani Organics, Midhani, Mindteck (India), Morepen Labs, NCC, Nelcast, NLC India, Parag Milk Foods, PNC Infra, Paragon Fine & Speciality, Pee Cee Cosma, Pennar Industries, PNB, Porwal Auto Components, Raminfo, REC, PFC, QMS Medical, Ratnaveer, Reliance Infra, Raitel, Ramky Infra, Rites, Royal Orchid Hotels, SAIL, Satin Credit Care, Sagar Cement, Shri Bajrang Alliance, Sika Interplant Systems, Sudarshan Pharma, Supercrop Safe, Tyche Industries, TBZ, Vakrangee, Va Tech Wabag.
