Model Portfolio - September 2017. |
Status check on the recommendations
Scrip |
Recommendation |
Target achieved\Not achieved? |
Returns |
Graphite India Ltd. |
BUY at CMP of INR. 266 and further add on declines to the levels of INR. 257, for a target of INR. 330-340. |
Targets Achieved. Scrip made a high of INR. 388 and September wrapped up with the candle closing at the level of INR. 371.70. In October, the scrip made an all time high of INR. 496.90. |
87% |
Uflex Ltd. |
BUY at CMP of INR. 437 and further add on declines to the levels of INR. 423, for a target of INR. 488-515. |
Targets Achieved @ INR. 494. |
17% |
Nandan Denim Ltd. |
BUY at CMP of INR. 153 and further add on declines to the levels of INR. 147, for a target of INR. 188-210. |
Targets Achieved @ INR. 186.70. |
22% |
Future Retail Ltd. |
BUY at CMP of INR. 571 and further add on declines to the levels of INR. 552, for a target of INR. 625-640. |
Partially Targets Achieved @ INR. 592. |
7% |
Arvind Ltd. |
BUY at CMP of INR. 385 and further add on declines to the levels of 375, for a target of INR. 430-465. |
Partially Targets Achieved @ INR. 418. |
13% |
Last updated on 01 Nov, 2017.
Recommendations
The equity markets have delivered a return of close to 8% - 9% compounded annual growth rate (CAGR) over the last three years till August 2017, largely led by strong flows from the FIIs and DIIs. The Sensex gained 7.56% between July (FY-15 - FY-17) with mid-cap and small-cap indices gaining some momentum last month.
The Nikkei Manufacturing PMI in India unexpectedly jumped to 51.2 in August of 2017 from 47.9 in July as disruptions stemming from confusion over a new national sales tax eased. The figure beat market estimates of 49.3, supported by a rebound in output and new orders while new export orders increased for the third consecutive month and employment expanded the most since March 2013. Technically, we might see another 120 to 180 points upside from the current levels. Downside support levels are estimated between 9788-9690 and upside resistance holds at the level of 10033-10120. Global geo political event is the main risk currently. It is highly recommended to have a stock specific approach in the present scenario.
The Nikkei Manufacturing PMI in India unexpectedly jumped to 51.2 in August of 2017 from 47.9 in July as disruptions stemming from confusion over a new national sales tax eased. The figure beat market estimates of 49.3, supported by a rebound in output and new orders while new export orders increased for the third consecutive month and employment expanded the most since March 2013. Technically, we might see another 120 to 180 points upside from the current levels. Downside support levels are estimated between 9788-9690 and upside resistance holds at the level of 10033-10120. Global geo political event is the main risk currently. It is highly recommended to have a stock specific approach in the present scenario.
Company |
Investment Rationale |
Recommendation & Target |
Graphite India Ltd. |
|
BUY at CMP of INR. 266 and further add on declines to the levels of INR. 257, for a target of INR. 330-340. |
Uflex Ltd. |
|
BUY at CMP of INR. 437 and further add on declines to the levels of INR. 423, for a target of INR. 488-515. |
Nandan Denim Ltd. |
|
BUY at CMP of INR. 153 and further add on declines to the levels of INR. 147, for a target of INR. 188-210. |
Future Retail Ltd. |
|
BUY at CMP of INR. 571 and further add on declines to the levels of INR. 552, for a target of INR. 625-640. |
Arvind Ltd. |
|
BUY at CMP of INR. 385 and further add on declines to the levels of 375, for a target of INR. 430-465. |
* CMP is the closing price as on 06 Sep, 2017.
Disclaimer: This report is only for the information of our clients. Recommendations, opinions, or suggestions are given with the understanding that readers acting on this information would assume all the risks involved. The information provided herein is not to be constructed as an offer to buy or sell securities of any kind.
Disclaimer: This report is only for the information of our clients. Recommendations, opinions, or suggestions are given with the understanding that readers acting on this information would assume all the risks involved. The information provided herein is not to be constructed as an offer to buy or sell securities of any kind.