Force Motors Breaks Record With 52% Gain In 15 Days

Parag Parikh, the veteran value investor and founder of PPFAS Mutual Fund, never tires of cautioning us against seeking “excitement” in the stock market. However, the fact remains that few things are more enjoyable than watching a stock surge as if it were on steroids and attaining its target price much before the appointed date.

Dharmesh Kant of IndiaNivesh recommended Force Motors on 4th August when it was at Rs. 563. His logic was impeccable. He pointed out that a lot of good things were happening in the stock. He emphasized that the promoters are/were buying aggressively, the stock is debt-free and has huge cash on its books. The stock is “cheap”, Dharmesh added, with a sparkle in his eyes. He confidently predicted a target of Rs. 707 for the stock.

To everyone’s surprise, Force Motors took off like a rocket. On 19th August, just 15 days after Dharmesh’s recommendation, Force effortlessly touched an all-time high of Rs. 858, leaving Dharmesh’s target price of Rs. 707, far behind in the dust. The stock is presently at Rs. 770, taking a breather.

If you look at the high of Rs. 858, Dharmesh’s followers have taken home a fortune of 52% for just 15 days work. This translates to a mind-blowing annualized gain of 1248%. Even if you look at the CMP, there is a respectable gain of 37% from the stock in about 21 days.

This is the second time that we have seen such a magnificent occurrence. The first was with Daljeet Kohli’s stock pick, Sharon Bio-Medicine, which gave a staggering 40% gain in less than 30 days.

Dharmesh’s other stock picks are also doing well. MPS, which was recommended on 30th June 2014 at Rs. 346, has registered gains of 45% at the CMP of Rs. 523. Likewise, Hester Biosciences, which was recommended on 28th July 2014 at Rs. 199, is presently showing gains of 41% at the CMP of Rs. 294.

A very impressive performance indeed by Dharmesh Kant and his stock picks.

Now, all eyes are on Dharmesh’s latest stock recommendations, Camlin Fine Sciences and AVT Natural Products.

Will these also perform and delight investors? Watch this space!