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September 09, 2024

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 astrology view, some important turning dates are 9, 12, 17, 23, 26 & 30th September 2024.
As per market grapevine, scamsters are manipulating stocks, creating FOMO with rosy promises and junk investments. Avoid being misled by past returns and invest wisely in companies with a solid 5-10-year track record, strong business fundamentals and reasonable valuations. Stay cautious.
As per market grapevine, the US national debt has hit a record $35.27 trillion, equating to $104,568 per citizen. While many see it as a ticking time bomb uncertainty remains around when it will burst potentially triggering a global financial meltdown.
As per a market veteran, PSU stocks are falling due to disappointment in earnings and profit booking at high valuations. While sectors like railways, power and defence offer opportunities with strong order books, broader PSU stocks may face challenges, limiting short-term returns. Investors should remain cautious.
As per market veteran, Nifty fell by 292 points, BSE by 896 points and Sensex by 1,017 points. The U.S. markets also saw sharp declines with the Dow down 493 points, NASDAQ down 582 points and S&P 500 down 108 points reflecting growing recession concerns. This drop follows a 14-day positive streak where the market rose by over 1,800 points. The recent downturn is attributed to new SEBI regulations, U.S. unemployment data, sector downgrades and domestic political issues.
Despite current volatility, sectors like IT, Pharma and FMCG are performing well. A 300-point drop presents investment opportunities in growth stocks. The market remains supported by mutual funds, DIIs and HNIs. Focus on quality stocks at reasonable valuations during this dip. Keep an eye on Bajaj Consumer, Cochin Minerals, HCC, HFCL, IOL Chemical, NLC India and Morepen Lab.
As per market grapevine, 60-80 IPOs are likely in Sept-Oct 2024 with 18-20 IPOs, NCDs and rights issues launching this week, which will pull out significant liquidity from the secondary market.
As per market grapevine, Bajaj Consumer Care, Chennai Ferrous, Cochin Minerals, HFCL, IOLCP, Jagran Prakashan, Mafatlal Industries, Morepen Lab, NLC India, PG Foils, Prakash Industries, Shilp Gravures may surpass their 52-week highs.
In 25th November MTTs, Bondada Engineering given at Rs.89 touched Rs.753 - a gain of 746%.
In 21st January MTTs, HFCL was given at Rs.88 hit Rs.160 during the week - a gain of 82% and still looks good.
In 29th March MTTs, TBZ given at Rs.104 touched Rs.248 - a superb gain of 138%!
In 6th April MTTs, Jubialnt Pharmova given at Rs.644 touched to Rs.970 during the week.
In 4th May MTTs, Ak Capital given at Rs.910 touched Rs.1175 and HFCL given at Rs.101 touched Rs.160 during the week.
In 25th May MTTs, Morepen Lab given at Rs.49 touched Rs.96, Panasonic Carbon given at Rs.517 touched Rs.682 during the week.
In 15th June MTTs, Metro Global was given at Rs.143 touched Rs.171, HFCL given at Rs.118 touched Rs.160 and still looks good, IOL Chemicals given at Rs.409 touched Rs.487 and still looks good, Morepen Lab given at Rs.56 touched Rs.96 during the week and still looks good.
In 22nd June MTTs, Cybertech given at Rs.160 touched Rs.293 during the week - a gain of 83%. Its better to book profit now. Kopran given at Rs.253 touched Rs.347 during the week.
In 29th June MTTs, TBZ given at Rs.121 touched Rs.248 - a gain of 105%, VLS Finance given at Rs.293 touched Rs.415 during the week - a gain of 42%.
In 6th July MTTs, BPCL given at Rs.306 touched Rs.367, HFCL given at Rs.130 touched Rs.160, Morepen Lab given at Rs.59 touched Rs.96 during the week.
In 13th July MTTs, Deep Industries, given at Rs.318 touched Rs.412, Godavari Drugs given at Rs.103 touched Rs.152 - a gain of 48%, Kitex Garments given at Rs.216 touched Rs.466 - a superb gain of 116% during the week.
In 27th July MTTs, HFCL given at Rs.123 touched Rs.160 & still looks good, IOLCP given at Rs.414 touched Rs.487 & still looks good.
In 3rd August MTTs, HFCL given at Rs.133 touched Rs.160, Himadri Speciality Chemical given at Rs.467 touched Rs.555 during the week.
In 10th August MTTs, HFCL given at Rs.132 touched Rs.160, TBZ given at Rs.163 touched Rs.248 during the week.
In 17th August MTTs, HFCL given at Rs.132 touched Rs.160, Indo Amines given at Rs.161 touched Rs.212, PG Foils given at Rs.200 touched Rs.234 and still looks good, Morepen Lab given at Rs.61 touched Rs.96 and still looks good.
In 24th August MTTs, GIPCL given at Rs.221 touched Rs.251, HCC given at Rs.48.25 touched Rs.50, HFCL given at Rs.150 touched Rs.152, Himadri Speciality given at Rs.527 touched Rs.555, Morepen Lab given at Rs.80 touched Rs.96 during the week.
Last week in MTTs 31st August Artefact Projects given at Rs.74 touched Rs.83, Continental Petroleums given at Rs.89 touched Rs.104 - a gain of 17%, HFCL given at Rs.149 touched Rs.160, Indo Borax given at Rs.203 touched Rs.226, Laxmi Organic given at Rs.298 touched Rs.317, Mafatlal Industries, given at Rs.177 touched Rs.190 & still looks good, Mangalam Drugs given at Rs.127 touched Rs.138, Multibase India given at Rs.270 touched Rs.315, Vinyoflex given at Rs.91 touched Rs.105 during the week in negative sentiments of the market.

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