Readers Hi,
We will never forget the year 2007 as we have witnessed US$ 8 billion worth of Initial Public Offers (IPO). It has been estimated that in terms of number of IPOs, India is the fifth largest market and in terms of proceeds, it ranks seventh. We had over One Hundred IPOs.
Compared to the last fiscal this is undoubtedly a marked improvement for the Indian economy. This remarkable growth in the IPO activity in India is in line with its planned economic development, well centralized stock market and distinct profits of the corporate sector. This positive upward movement of IPOs in India is indicating a healthy indigenous economy. However, it also portrays on the fact that the investors are gaining confidence on the Indian stock market and thus ready to pour more money into the business to get positive returns.
In 2007 we have recommended 233 companies
163 companies have achieved and excelled over their targets
44 companies have given profit in the range of 100 - 500% from our recommended price
If you had kept investing just Rs 10,000 each on all the companies that we had suggested in the last one year, your profit would have been between Rs 3,92,089 (if sold at target price) and Rs 14,44,418 (if sold at peak prices).
1) Share Targets Achieved
Investment Type | Company Name | Date Added | Target Achieved | No of days | Reco Price | Target Price | Peak Price | % Gain | Annualized % Gain |
ST | BASF India Ltd | 14-Nov-07 | 28-Dec-07 | 44 | 249.80 | 300 | 321.90 | 28.86 | 239.41 |
ST | GEI Industrial Systems | 28-Nov-07 | 28-Dec-07 | 30 | 121.30 | 145 | 145.55 | 19.99 | 243.21 |
LT | Aegis Logistics | 05-Dec-07 | 28-Dec-07 | 23 | 302.10 | 363 | 371.90 | 23.10 | 366.59 |
LT | KCP Limited | 17-Dec-07 | 28-Dec-07 | 11 | 665.20 | 799 | 824.00 | 23.87 | 792.05 |
LT | Mundra Port SEZ | 24-Dec-07 | 28-Dec-07 | 4 | 1060.20 | 1272 | 1274.00 | 20.17 | 1840.51 |
We see more upside in Mundra Port, KCP Limited, Aegis Logistics and GEI Industrial Systems. One can wait for a while and see more profit soon.
2) Share Recommendations Added
- 4 Short Term and 1 Long Term Delivery Calls has been added. For our recommendations, please visit Delivery Calls of Market on the www.vjondalalstreet.com/marketshares.php
3) IPO
- Manjushree Extrusions Ltd - New FPO
- Reliance Power approved by SEBI - should be available soon
4) IPO Basis of Allotment
- BGR Energy Systems Limited
- Transformers and Rectifiers (India) Limited
- eClerx Services Ltd
5) IPO Listing Date
- eClerx Services Limited - 31st Dec, 2007
- Brigade Enterprises Ltd - 31st Dec, 2007
Please visit the Grey Market Premium page for our Listing Strategy
6) Coverage initiated on new Mutual Fund (NFO)
- Birla Sun Life Special Situations Fund
- Sahara CLASSIC Fund
Happy Trading!
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Disclaimer
All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein.