When Daljeet Kohli, in his usual soft-spoken earnestness, recommended a buy of KPR Mills, a lot of investors (including me) turned their nose up. The textile sector was thought to still be in a cyclical downturn and a wealth-destroyer.
Today, with the benefit of hindsight, we have to complement Daljeet for being amongst the first to realize that the cycle was about to turn and that there would be glory days for the textile sector and stocks (see the chart here showing the magnificent gains of textile stocks).
In fact, it is later in time that ace investors like Dolly Khanna, Prof. Sanjay Bakshi, Anil Kumar Goel, Kenneth Andrade etc realized that the textile sector would prove to be a goldmine.
Of course, once realization set in, the ace stock pickers wasted no time in scooping up huge truckloads of top-quality stocks like Ambika Cotton, Nandan Denim, RSWM etc. Today, everyone is basking in the huge gains that have effortlessly flowed in.
Daljeet has also deservedly taken home gains of 85% from KPR Mills in the short period from 5th December 2014 to date.
Now, let’s take a quick look at some of Daljeet’s latest stock picks:
(i) Bajaj Finance: Daljeet first recommended this powerhouse blue chip stock on 24.04.2012 when it was available at a throwaway price of Rs. 847. At today’s CMP of about Rs. 5,327, Daljeet has a six-bagger (CAGR return of 85% and overall gain of 536%) on his hands.
Bajaj Finance is the ideal ‘buy n’ forget’ sort of stock. Daljeet has continued to recommend a buy and promised a target price of 6,300 for the stock, which is an upside of about 18% from the CMP of Rs. 5,327.
(ii) Ashiana Housing: This stock, which is backed by ace investors like Prof. Sanjay Bakshi, Ashish Kacholia, Brahmal Vasudevan, Jwalamukhi etc, has taken it on the chin owing to the meltdown in the realty sector. However, Daljeet has foreseen that Ashiana will report blockbuster returns in FY16 and FY17 which will (hopefully) send the stock price surging up. His target price for Ashiana Housing is Rs. 290, which is an upside of 36% from the CMP of Rs. 212.
(iii) Dewan Housing: This stock, which is Rakesh Jhunjhunwala’s favourite, is also a casualty of the slowdown in the realty sector. Daljeet says that the stock is cheap and the time is opportune to grab it. He has foreseen a target price of Rs. 630 for Dewan Housing, which is an upside of 32% from the CMP of Rs. 475.
I was a basic member at Basant corner. Some investors are saying basant sir has sold his page ind holdings this month. If any one knows please share. Page is falling badly.
Yes he is out of page.
How do you know Praveen?? What source
Basant still gives recommendations and guidance to a few heavy weight NRIs…the call was to sell page and reallocate to HDFC bank / gruh/repco
Please stop lying. Its a great time to buy the stock.
I was only replying to a comment. How can you call it a lie? Do not be so self assured. Market is a big place
May NOT be a lie..I heard it too from a broker. He was a informed person. He said basant was worried about promoter selling even beyond the mandatory 51%. Even this year there is lot of selling by promoters. When basantji moves he moves fast. I also exited yesterday. Bad I couldn’t do it at 18000
What to do now? Sell or keep it. Pleas tell
I dunno if basant has completely given it. But he sold some at 18 17 levels . may be only portfolio balancing. Not sure
This is very similar to haekins ,why can’t he at leat send emails for major issues like this. Why ia he helping NRI people alone.
This will happen if you blindly follow people. The promoter selling part beyond 51% is worrying he has the rights to sell or do whatever he wants with page. Don’t blame basant.what do you want him to lose money? Just to be on your good books? If you want to blame look at the mirror
Because of basant only page went to high level. But he will sell without telling anybody.what this means and
Because of basant only page went to high level. But he will sell without telling anybody.what this means and why are you blaming me .this is public forum only
There is no insider selling happening. Promoter holding is still at 51%.
Check here: https://zerodha.com/marketintel/InsiderTrading/INE761H01022/page+industries+ltd
And on top of that, its there bread and butter. I guess Genomal’s are not foolish enough to kill their own business.
Regards
Loaded Page yesterday.
Keep adding, on 14 th august stock will be back to 15K
Dear Sir ,
I am constantly watching Daljit Singh Kohli’s from last few years. Now a days his recommendation has become worthless and I have a point to prove it . Stocks like Sharon Biotech, Manglam, Indico remedies, GPIL, Karur Vysya Bank and HSIL are loosing ground day by day . There are many other stocks which are loosing ground too.
All I can request you not to post only gloomy side but also post their other side so a lay investor like me will not loose money who visit your this site regularly.
Pankaj, if u think u r a lay investor..then either earn knowlegde and become a smart investor or leave the market. This is not a place for laymen and for people who buy just after reading few posts… read, do your own research and if YOU are convinced, make a trade. Never ever blame others for your failures.
Secondly, he doesn’t buy and looks at the price ticker every day… they are for very long term and if there is quality in stocks… they’ll eventually perform. If you are an impatient lot..along with being a layman, there’s a Sudarshan Sukhani for you…spitting out calls everyday. Try him.