Dolly Khanna & Vineeta Mahnot have one thing in common. Both are charming women and have an eye for winning stocks. Their common stock pick, RS Software, has thrilled everyone by surging 20% today. This is on the back of a 12% surge on Friday.
I reported a few weeks ago that whiz-kids Dolly Khanna and Sunil Singhania were heavily buying into RS Software and that “magic” would happen. I urged the immediate start of a SIP to take advantage of the situation.
That “magic” did happen just a few days later when the stock surged 15%.
Then, when the redoubtable Vineeta Mahnot of Hem Securities got interested and sent out a buy call, I knew the writing was on the wall that RS Software was a super-duper winner stock.
Vijay Aggarwal’s audacious act of storming the RS Software counter and grabbing a truck load of the stock without a care in the World for what he was paying for the stock also sent the clear confirmation that something great was happening within the company.
And now, today’s 20% surge has made it clear that some more super heavy-weight & savvy investors are grabbing the stock.
The gains from the stock are simply unbelievable. It is a 5-bagger (507%) on a YOY basis. The 3 month return is an incredible 257%. The 1 week return is itself 38%.
How long will the party last? Who knows!
Meanwhile, today was a great day for a number of other stocks as well. Dharmesh Kant of IndiaNivesh was particularly pleased because three of his stocks did well. MPS, recommended at Rs. 360, surged 11.82% to touch Rs. 593. Hester Bio-Sciences, recommended at Rs. 200, surged 6% to touch Rs. 407. AVT Natural also surged 8.15%. Dhanuka Agritech, recommended by Amar Ambani of IIFL at Rs. 397, surged 12.16% to touch Rs. 490. TV Today Network, backed by ace investors Radhakishan Damani & Ramesh Damani, surged 7% to rest at Rs. 228. Also, Lloyd Electric, recommended by Neha Majithia of Microsec and Capital First, recommended by Daljeet Kohli of IndiaNivesh, were up 8% + each.
Some stocks which are subdued and which can be looked into are Dewan Housing Finance and Repco Home Finance. While Dewan Housing comes recommended by Rakesh Jhunjhunwala, Repco Home Finance has the backing of Basant Maheshwari. Both stocks are subdued over news that Banks are also permitted to enter the housing finance arena. However, given the massive scope for housing finance in NAMO’s regime, it is only a question of time before these stocks bounce back.