Kabir Bedi, the charismatic veteran actor who has starred in blockbuster movies like James Bond’s Octopussy, Sandokan and a host of Indian films, is the last person one would associate with the stock market.
Yet, his debut stock pick is a blockbuster already.
On 24th June 2015, Kabir Bedi tweeted that he had bought Tanla Solutions, a stock with a “good turnaround story with a great future”.
— KABIR BEDI (@iKabirBedi) June 24, 2015
When his followers rushed to compliment him and queried him about the stock, he explained that he thought Tanla is a good bet because it is “zooming in last 8 quarters, with new technology for mobiles”. He also stated that he is “more interested in technology companies with an edge like Tanla”.
When someone accused Kabir Bedi of indulging in “paid advertising”, he clarified that he has “not been paid to say this. I’d like my friends to benefit, as I hope to, from my research into Tanla”.
Well, Kabir Bedi’s recommendation had the magical effect of rocketing Tanla Solutions from Rs. 17.50 (on 24.06.2015) to a high of Rs. 35.95 on 20.10.2015, resulting in mammoth gains of 105% in just four months.
Kabir Bedi was understandably delirious about the riches that had effortlessly come to him. “Tanla Solutions, #stock I tweeted on June 24, DOUBLED. Think it’s a multi-bagger. Check http://www.tanla.com. I’m not paid to say this.” He tweeted.
— KABIR BEDI (@iKabirBedi) October 25, 2015
Since then, the stock has lost a bit of its sheen owing to the ongoing correction in the market. It is presently quoting at Rs. 30.55, giving Kabir Bedi and his followers a gain of 75%.
The reason for the euphoria amongst investors is the fact that Tanla Solutuions is a turnaround candidate. It reported blockbuster Q2FY16 results with a quantum jump in revenues and net profit.
|Tanla Solutions Quarterly Results|
|PARTICULARS (Rs. CR)||SEP 2015||SEP 2014||% CHG|
There is also an investors presentation issued by the Company which provides information on what the company is doing and what its future plans.
Now, if Tanla Solutions does become a multibagger as confidently predicted by Kabir Bedi, we will have another ace stock picker to track from the film industry, in addition to Amitabh Bachchan!