First, I would like to draw attention to Saurabh Mukherjea and Sharekhan’s stock pick, Century Ply, which I first covered on 14th September 2014. The stock price then was about Rs. 100. You will be astonished to know that today, just a few months later, Century Ply is at Rs. 247, giving magnificent gains of more than 100%.
That the plywood/ laminates/ home improvement space is the place to be in is also established by Sudhir Valia’s recent purchase of Greenply stock.
Porinju Veliyath, true to his reputation of backing underdogs, has a chunk of 75,000 shares of Stylam Industries, an ultra micro-cap with a market cap of only Rs. 86 crore.
Stylam has been on fire the last few days. Yesterday, it surged nearly 18%. Today also, it surged nearly 18%. On a YOY basis, the stock is up a mind-blowing 364%. The six month return is itself 137%.
Porinju is also beaming from ear to ear at the unexpected gains that have come his way from Logix Microsystems (Izmo Ltd). He bought 100,000 shares of Logix at Rs. 36.4 each on 26th February purely as a punt, and only because Ratan Tata bought cardekkho.com at an exorbitant valuation. Logix Micro has been in upper circuit since then. Today, it closed at Rs. 55.65, resulting in fabulous gains of nearly 52% for Porinju.
Porinju made it amply clear in his tweet that Logix Micro is not a fundamental pick but is a punt. How long he will hold the stock requires to be seen.
Porinju the operator sad to see you encouraging him!!!
I agree people who buy in such stocks are taking huge risks….who knows the promoters/large brokers maybe selling part of their stakes at elevated prices…I really wonder how can the prices rise 400% in less than a year…you have to wonder…nothing seems to have changed as per the results
Any change in fundamentals of Logix Micro ??
I have been tracking porinju for the last six years.He is not a warren buffet like buy and hold investor.He invests and trades in stock basically on the basisi of informations and on momentum,However he also holds stock s from a long term vision also.But most of his investment is like a short term trade. So traders or investors who track him should be very careful.His investment arm is Equity intelligence
Yes you are absolute right people like “Arjun ” making him rich.
Now is the real test…it remains to be seen how further the markets can go with the financial year ending…and how much steam the high fliers have …I just hope retail investors are not trapped
Absolutely correct…these are thinly traded stocks, with not very good fundamentals.
Check out the said “investors” tweets, you will come to know
Porinju
See the returns on his PMS for y ears.
not one years.. for years…………..
trackrecord will prove it
he might be trading, he might be into derivatives he might be value investor
b ut bottom line in Pink everything fine and he has proved it
Iam taking facts only and not siding or disagreeing to anyone
jacob vachaparambil
jacob mathew
chackovacha
jacobv cha
agree. that is is Porinju’s credit. Few people my not like or make comment with their view but end of the day he is returning profit who pay him for his service. No need to disrespect him. Don’t follow if you dont like. No need to invest if you are not convinced but many people are investing and making profit/loss. let them decide…. sorry, not against you.
You need to look at the details because both God and Devil lies in the details.
Check his tweets. Whenever he tweets about a company, he would have already bought under his personal holding not under Equity Intelligence holding which is his PMS. He never tweets the stocks he bought through his PMS ID or sometimes he tweets after the stock appreciated atleast by 50%.
So isn’t he driving people to buy the stock which he bought for him. So do u still think its nt wrong when someone use the fame he got through his paid service to lure poor investors for his personal benefits,? Yes i agree its a mistake of poor investors also to follow him.
Dear Madheswaran,
Absolutely right.
Agreed if he is running a PMS and providing gains to his customers its fine as long as he is not doing anything wrong ….if investors blindly copy him they are doing at their own risk …its their own money so they are responsible