Daljeet Kohli & Amar Mourya first put a buy on Mastek in January 2014 when it was quoting at Rs. 180. They had foreseen “value unlocking” in the stock. That belief came true in September 2014 and the stock rocketed to Rs. 272, giving a gain of 50%+.
At that stage, Daljeet & Amar increased the target price to Rs. 550.
Today, in the wake of Mastek’s Q2FY15 results, the duo has issued an update (pdf). They say that the results are “above expectation” and that there is “strong growth” in the Insurance vertical. They also point out that the overall business momentum looks bullish in key areas and that the company is likely to sign a few large deals in the Insurance vertical.
The target price continues to be pegged at Rs. 550, which is a 100%+ upside from the CMP of Rs. 258.
ICICI-Direct has predicted a target price of Rs. 500 for Mastek in its report of 18th September 2014.
It is noteworthy that Ashish Dhawan, the single largest shareholder of Mastek, has been severely pruning his shareholding. He held 25,07,116 shares as of 30th September 2013. As of 30th September 2014, his holding has slumped to only 8,14,090 shares. Sasken Communications has met with a worse fate. As of 30th September 2014, Ashish Dhawan has sold off his entire holding of 20,50,344 shares in Sasken.
This line should be edited – I guess you meant September 2014 and not September 2015 –
That belief came true in September 2015
Thanks. Corrected now.
Though Daljeet Kohlis stock picks should be taken seriously but there are more interesting in the market at this moment one of them is Vardhman Acrylics where the value of current & non-current investments investments mostly in Mutual Funds & other deposits is more than its Present Market Cap. http://www.vardhmanacrylics.com/ So,we are getting the operating business absolutely free which produced Net Profit of about 43 cr in recent financial year where the mcap is only about 193 Cr.Similarly JVL Agro stock looks very interesting http://www.jvlagro.com/
Disclosure:I have the above mentioned stocks in my portfolio ,it should considered that I am positively biased.
Dear Arjun
It will be nice if you publish the three portfolio of India Nivesh relased in August 14 ii think. so viewers can get a Balanced view of the Heroes …
the best performing amongst the three in the latest updation has given just 5%
so not the winning stocks but the loosing stocks of the same analyst be presented so viewers can decided for THEMSELVES rather than on your fag end sign off note
also pl present Liberty shoes buy call he gave some months back
also kwality ice cream and lloys electric. within one month or two month of the buy call the stock tanked thanks to the red b ottom line. so where was the forecast
It helps to have a team. One says there is imminent danger, and in the next article, he recommends a stock that can be doubled.
One says ” Did Pabrai entered JKB too early?”, we expect the same author to write later, that the Contrarian approach succeeded. If not, he would blast Pabrai
One member writes off a stock, another recommends it….
So that at any point of time , they can all say,……..
I TOLD YOU SO!!!!!!!!!!!!!
Dear Murthy,
I believe Arjun & team are sharing the opinions and ideas expressed by the reputed names in the investing community followed by a common-sense analysis.
When you mention, they can say, “I told you so”, Do you invest based on the articles that appear here/portals or do your own research as well?
I believe one should get the homework done before committing to any stock, this way you don’t blame/ credit anyone for your loss/profit.
Peace
Wise investors says that to perform better, one need to switch off tickers or financial channels.
Now they should also mention recommendation / tip portals which keep posting daily. Obviously some of those reco will get success but it’s average that counts.
What about sunil hitech. Ashish Dhawan has a big chunk of it. Please cover that some day.