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December 26, 2023
- ➢ As per a market veteran, successful trading/investment is not about predicting the future, it’s about discipline, risk management and the ability to stay focused on your strategy, even when emotions tempt you to stray. To make money in the stock market, just be in touch with genuine people or follow their principles. In the stock
- market, our net worth depends on our network.
- ➢ After sharp correction now NIFTY is back to 21349. Only 4 sessions were left of 2023 & monthly & yearly expiry
- on Thursday no big panic selling likely as now RSI is just 69 which was 91 in last week. Now again on various
- social media MSG spreads for 25000 Nifty before election but that was a stupid euphoria. A market veteran is
- expecting maximum 22500 before election subject to all other factors are suitable to bull market. In cash stocks
- also focus on undervalued shares for investment before elections. In overvalued & high fancy stocks trade/invest
- with strict stop loss or avoid till election.
- ➢ Advik Capital trades at a P/E of 10.1x as against the industry average of 21.49x. It has achieved a milestone of becoming a Systematically Important NBFC. A big positive. Buy.
- ➢ SPL Industries trades at a P/E of 13.04x as against the industry average of 32.02x and at a P/B of 1.01x as against the industry average of 2.68x. Strong fireworks are in store. Buy.
- IIFL Securities is in the limelight on heavy investment buying after SAT set aside the SEBI order against it. Add for the
- long term.
- ➢ General Insurance Corpn. opens offices in UK, Russia, UAE, Malaysia, South Africa and Brazil. It notched H1 EPS of Rs.26.6, which may lead to FY24 EPS of Rs.45+ from Rs.39.4 in FY23. Add.
- ➢ Cigniti notched 25% higher H1 EPS of Rs.33.2, which may lead to FY24 EPS to Rs.75 from Rs.61.3 y-o-y. It has partnered
- ➢ It notched 54% higher H1 EPS of Rs.9.2, which may lead to FY24 EPS to Rs.22. Add.
