When we learn that savvy investors of the pedigree of Ramesh Damani & Kenneth Andrade are showing deep interest in a stock, can we still remain aloof and disinterested? In my view, it would be very naïve for us to not take immediate action and grab the stock.
As soon as my radar flashed the information that the duo was quietly picking up chunks of Ricoh India, I flashed the red alert “Why Are Stock Wizards Ramesh Damani & Kenneth Andrade Bullish About Ricoh India?”
While Kenneth Andrade kept his customary silence and let his money do the talking, Ramesh Damani came out in the open and strongly recommended the stock (along with three other stellar stocks) to his vast legion of devoted fans.
I had rightly sensed that the interest of two heavy-weight investors in the stock meant that some great things are cooking and there are hefty gains in the offing.
To confirm my hypothesis, I relied on Sushil Finance’s brilliant analysis of Ricoh India. Sushil has conducted a thorough analysis of Ricoh India and pointed out that this MNC, with strong brands, proven track record and ambitious growth plans is/ was going “cheap”. Sushil exhorted us to buy the stock with a target price of Rs. 280.
When Sushil issued the report (on 10th July 2014), Ricoh was languishing at Rs. 170 due to the after-effects of its unsuccessful delisting attempt.
At today’s CMP of Rs. 245, there is a gain of 44% from the stock. In fact, even from the point when I flashed the alert, there is a gain of 26%.
The best part is that if you go by Sushil’s target price of Rs. 280 for the stock, there are still some gains left from the stock. Also, as I suggested earlier, if Ricoh gets bitten by the de-listing bug again (which is inevitable, sooner or later), then the sky is the limit for the stock.
So, you need to immediately read up Sushil Finance’s brilliant report on Ricoh India and take an informed decision about what you want to do.