PN Vijay’s rationale for recommending a buy of the two stocks was quite simple.
With regard to NBCC, he pointed out that it is showing consistent healthy growth over the past several years. It has a strong balance sheet and is debt free with a huge cash balance. He also pointed out that the company has a strong order book and ambitious plans for the future.
Well, NBCC was at Rs. 404 when PN Vijay recommended it (14th July 2014). Today, it is at Rs. 879, resulting in a gain of 117%.
Even if you look at the situation from the time that I wrote about it (17th August), there is a gain of 97%.
With Natco Pharma, PN Vijay gave four specific reasons why it is a great buy. One of the points is that the company has a strong product pipeline and is expected to grow at a CAGR of 30% over the next several years.
Natco Pharma has also put up a strong show. From the date of PN Vijay’s recommendation (14th August 2014), Natco is up 33%.
So, we have to compliment PN Vijay for his brilliant stock picks. We also need to keep an alert for his future stock picks.