Novice investors like you and me have the habit of strutting about and bragging when our stocks move up a couple of percentage points.
However, Dibyajit Saha, a youngster, has won serious bragging rights because his stock pick has surged a mind-boggling 200%+ points in just 30 days since he homed in on it.
Dibyajit describes himself as “A fundamental equity reader who believes investment is n art …” Like all youngsters, he has a deep interest in stocks.
On 17th May, Dibyajit sent a teaser to his followers that he had “A short to medium term investment in my mind”. On the same day, he revealed the name of the stock as being Tata Metaliks Ltd, a blue-chip small-cap belonging to the venerable Tata group. He called it a “potential doubler in a year“.
Its Tata Metaliks limited. CMP 140. Story would be updating soon.A potential doubler in a year. #HappyInvesting
— Dibyajit Saha (@dibya_shareBuzz) May 18, 2016
Here, we have to compliment Dibyajit for his alertness because what nobody had noticed is that Tata Metaliks had, on the same day (17th May 2016), announced that a long pending scheme of amalgamation of itself with Tata Steel Limited had been withdrawn.
Dibyajit rightly recognized that the withdrawal of the amalgamation proposal was an important development. He provided a detailed note explaining why the “rust seems cleaned from Tata Metaliks Ltd”.
To everyone’s surprise, the announcement of the withdrawal was the much needed catalyst. Tata Metaliks took off like a Brahmos Missile on steroids. It has been relentlessly hitting the upper circuits for the past ten sessions.
Tata Metaliks hits upper circuit for 10th straight session pic.twitter.com/SeFgFVC7oy
— ETMarkets (@ETMarkets) June 14, 2016
Tata Metaliks surges over 200% in 20 sessions, supported by higher volumes. Stock trades at life highs. Take a look! pic.twitter.com/jLRdq2deXn
— Geetu Moza (@Geetu_Moza) June 13, 2016
The gains from Tata Metaliks in just the past 30 days is an eye-popping 227%, which works out to an annualized gain of 2,724%.
Even veteran investors were taken by surprise at the super-surge by Tata Metaliks. SP Tulsian conceded that he was not expecting such a ferocious move. He opined that the stock would “settle down” in a day or two, which hasn’t happened so far.
Mudar Patherya, an eminent stock market expert, opined that lot more gains are due from Tata Metaliks. He gave “Six solid reasons to be bullish on Tata Metaliks”, one of which is that the company is at “the cusp of a significant expansion” of its capacity, which will result in a reduction of costs and increase operating profits.
Meanwhile, Dibyajit and his followers are understandably delirious with joy at the mammoth gains that have effortlessly fallen into their pockets.
— Dibyajit Saha (@dibya_shareBuzz) June 14, 2016
We will have to keep an eye on Dibyajit to see if he has any more of such incredible stock ideas that we can also profit from!