Experts say the steep plunge in the IndiaVix to sub 10 levels indicates an absence of fear in the markets. This is interpreted as a bullish sign. One should be prepared for a rally. Past data of 25 years shows that there is usually a year-end rally & also a pre-election rally
Posts in category RJ Fan Club
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Shorts by FIIs in the Nifty & Bank Nifty stand at 89,518 contracts (23-10-2023)
Shorts by FIIs in the Nifty & Bank Nifty stand at 89,518 contracts. Longs by Retail/ HNI stand at 61,632 contracts. This indicates lack of decisive trend with a bearish bias. However, despite a spike in shorts, market has held on. A breakout or breakdown is expected soon. Stay Sharp!
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Buy Vardhman Special Steel for target price of Rs 260 (30% upside) (22-10-2023)
VSSL’s aim is to make it big in the special steel domain with backing of Aichi Steel Corp. It has controlled leveraged B/S (Debt: Equity 0.2x as of FY23), Capital efficient business model (RoE at ~12-15%) & positive CFO generation. Buy for TP of Rs 260 (30% gain)
Buy Vardhman Special Steel for target price of Rs 260 (30% upside)
Buy Coal India for 25% gain & 9% dividend yield (22-10-2023)
Coal India has plenty of steam left. It is getting best of both worlds & is at an interesting juncture with robust volume growth & firm price outlook. Cash generation is robust enough for maintaining a dividend yield of 9% till FY25E. Buy for TP of INR 395 (25% gain)
Buy SBI for Target Price of Rs 790 (37% gain) (16-10-2023)
SBI: New moats emerge as game changers. Apart from the natural advantage of brand recognition & scale, bank has added other competitive moats. On track to deliver 1%+ RoA on back of healthy core operating profitability run rate & stable NIMs. TP Rs 790 (37% gain)
Prashant Jain & Porinju Veliyath are invested in Centum Electronics (14-10-2023)
We have to keep an eye on Centum Electronics. Prashant Jain & Porinju Veliyath are invested in it. Experts say it is undertaking pathbreaking design, manufacturing & turn-key build specification services in a range of cutting edge areas – space, defence, electronics & medical devices
Prashant Jain & Porinju Veliyath are invested in Centum Electronics
Buy GATI for 58% upside potential (14-10-2023)
Gati is a leading multi-modal express logistics player. It is turning over a new leaf with an overhaul of operations & management. Asset light growth & profitability will drive 195.1% CAGR in FCF over FY23-26E, to turn net cash positive. Target price Rs 234 (58% upside)
Prashant Jain’s 3P PMS Fund has invested in J Kumar Infra (14-10-2023)
Prashant Jain’s 3P PMS Fund has invested in J Kumar Infra. Sunil Singhania & Mukul Agrawal already hold stakes in Co. Stock is Porinju Veliyath’s core PMS holding. He says it will "create superlative wealth for investors". It was also held by Dolly Khanna
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Review of 12 Specialty Chemical stocks (12-10-2023)
Cyclical pain of Specialty Chemical stocks may aggravate. Review of 12 stocks (SRF, Navin Fluorine, Gujarat Fluoro, Clean Science, Tatva Chintan, Galaxy Surfactants, Rossari Biotech, EPL, Sudarshan Chem, Chemplast Sanmar, PCBL & Archean Chem) with Buy, Hold & Reduce Recommendations
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Pre-election rally could range from 10% to 32% (10-10-2023)
According to the ET, in the past 25 years and 5 Lok Sabha elections, the markets have broadly seen a pre-election rally. The rally starts six months before announcement of the election results. The rally ranges from 10% to 32%. The six month period will begin in November 2023
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