Daljeet’s timing with respect to OnMobile Global was impeccable. He first spotted the stock when it was languishing at Rs. 39 and he rushed out a buy call. However, before anyone could react, the stock jumped to Rs. 52. Daljeet was not disheartened and he rushed out another buy call (on 10th November 2014) advising a buy even at the higher price of Rs. 52.
Today, exactly 4 weeks later, OnMobile Global is at Rs. 72, giving Daljeet and his band of faithful followers, gains of 37% from the time of the second buy call.
Daljeet has now issued an update stating that the decision of the Board to consider a buy-back of shares augers well for the stock. He has foreseen a target of Rs. 82 for the stock.
Another stock that is notching up steady gains is Pennar Industries. Daljeet put a buy on this old economy stock on 5th September 2014 when it was at Rs. 47. His logic was that the Company had built up huge capacity and that it would enjoy huge “operating leverage” when the economy revived.
So far, Daljeet’s prognosis for Pennar has proved correct because at the CMP of Rs. 59, investors are sitting on handsome gains of about 25%.
Daljeet’s latest update makes it clear that it is still not too late to tuck into Pennar because its’ target price is Rs. 81, which is a good 37% away from the CMP of Rs. 59.
Ashiana Housing is one more of Daljeet’s favourite stocks that you have to keep an eye on. Daljeet’s target price of Rs. 202 has been crossed, giving a return of 28% (since 19th September). While we are eagerly awaiting Daljeet’s update report, we must note that Religare has already foreseen a target price of Rs. 245 for the stock.