Meghmani Organics is one of those unique stocks which has given repeated opportunities for agile shareholders to make pots of money.
Daljeet first recommended the stock on 6th August 2014 when the stock was languishing at Rs. 15. Daljeet called it a “classic turnaround story” and promised 100% gains from it.
True to promise, Meghmani sprinted like a champion athlete to touch Rs. 30.70 on 12th November 2014.
That gave Daljeet Kohli and his fans a 100% return for a couple of weeks work.
Then, Meghmani reported poor Q3FY15 results and slumped like a ton of bricks all the way back to the starting point. The stock touched Rs. 15 on 17th March 2015.
Daljeet took advantage of the slump in the stock price to again recommend a buy.
The stock is now at Rs. 22.40, reflecting gains of 50% since Daljeet’s second buy call.
This means that if one had been (theoretically) an agile trader, buying Meghmani at the trough and selling it at the peak, he could have made a fortune for himself.
Anyway, now the big news is that Dolly Khanna has decided that Meghmani Organics is worth a close look. She has scooped up a chunk of 454,475 shares as of 31st March 2015. Her investment is worth about Rs. 1.04 crore.
Dolly’s interest in Meghmani lends credence to Daljeet’s analysis that Meghmani does have a bright future ahead of it if it gets its act together. If Meghmani reports good Q1FY16 results, one can expect Dolly to slowly increase her allocation to the stock and give it a preeminent position in her portfolio.