Wednesday, 20 August 2014

DATAMATICS GLOBAL MULTIBAGGER POTENTIAL STOCK D20M08Y2014

Datamatics Global Services is a company founded by Dr. Lalit S. Kanodia, an indian IT industry pioneer with a Doctorate from MIT, USA. Datamatics helps large global companies in managing their end-to-end application life cycle and business processes. Their next generation solutions span Document management, Portal management, Publishing solutions, Data warehousing & analytics and several others. For more info check, http://www.datamatics.com  

Datamatics client footprint is spread across all four major continents, Americas, Asia, Europe and Australia. The company is a trusted partner to many Fortune 500 companies and help them power their business process automation by creating next generation solutions.

PRESENT DAY NUMBERS
CMP on Day20 Aug2014: Rs 58.40       Market cap: 350 crores         BV: 59            FV: 5           
Revenue FY14: 733 cr (FY13 550 cr)     Net profit FY14: 48 cr (FY13 26 cr)  EPS: 8.2 (FY13: 4.4)
Debt: 80 cr (on consolidated basis)       Current assets and cash balances: 160 cr (approx

BRIEF HISTORY 
Datamatics was one of the early companies in the indian IT industry. The company was founded in the year 1975. This was the first indian IT company to win "International Asia Pacific Quality Award" in the services category in the year 2007. Over the last 2 - 3 decades the company has won several awards and recognition in areas such as Quality, Corporate governance, HR, Job creation, etc 

MULTIBAGGER POTENTIAL 
1. Revenues of Datamatics grew by 24% in FY 2013; significantly higher than 10.2% growth of the overall industry
2. Remarkable achievement in the growth of the acquired company Cignex
3. Cignex revenues grew from 99 cr to 193 cr in the 2 years after acquisition
4. Datamatics has maintained an excellent and consistent profit growth during the last 4 years.
5. The company's reserves (excluding revaluation reserves) as per balance sheet increased from 268 cr in FY13 to 306 cr in FY14
6. Except for 2-3 years, the dividend payout ratio has been in the range of 40% over the last 10 years

INTERESTING INFO
1. Datamatics Global Services was voted as India's "Most respected software company in corporate governance" at the 5th Annual India leadership conclave & India affairs Business leadership awards.
2. The company has delivery centers in 7 cities; Ahmedabad, Mumbai, Nashik, Delhi, Bangalore, Chennai and Puducherry
3. The company has overseas subsidiaries in Germany, USA, UK, Australia, Switzerland, Mauritius and Singapore
4. The export revenue of the company is 86%
5. Prior to founding Datamatics in 1975, Dr. Kanodia was one of the persons instrumental in setting up TCS in 1967

MY TAKE   
From an investment perspective, Datamatics ticks all the boxes. It is a fine IT company; superb track record, consistently profit making, excellent promoter pedigree, financially stable, wide range of clients, management execution capability and more than anything; deeply deeply undervalued.

A million rupee question? Why on earth is this stock available so cheap? Market cap of 350 cr.
This is a question to which I have no answer. Mr Market has missed out on this one(thus far).

A company with 700+ cr annual revenue, 48 cr net profit, current assets worth 160 cr, dividend paying; solid, stable and robust in every which way. I am reasonably sure that this stock cannot continue to be ignored for ever. This is a great time to buy, hold and sit tight. Bright and profitable future ahead. For the company and its stock holders.

This belongs to Warren Buffett philosophy: Great Quality business at a reasonable (read, rock bottom cheap) price. An inevitable potential multibagger!!

Disclosure: I own shares in Datamatics

You can contact with me via zorbayogi9@gmail.com


86 comments:

  1. Sir there is a company " gujarat sidhee cement" Till july 2014 It war debt ridden . Now promoter did capital reduction and infused 60 Crore in. Now from q1 It has become debt free and profit making compn. What is ur view ? Pls share with us !!

    ReplyDelete
  2. hi ZorbaY

    I made 10 thousand bugs by one of ur recommendation ''patel logistics'' and all other are going gud thanks after a red july m n'joing green august end.

    big big thanks to you....

    ReplyDelete
    Replies
    1. Hi Paramjeet, U r most welcome.

      It gives me a lot of happiness when ever I hear that some one has made money in stocks (and with some help from my side)

      One of my objective is to help as many as possible small/retail investors to make money on stocks.

      That will be a win-win-win for all concerned.

      Wish u more profits ahead. All the best!!

      Delete
    2. Kindly check: YBrant Digital. Ahmednagar Forgings, TV Today Birla Ericsson-. More fireworks expected in these counters.
      Some more companies that look attractive:
      1) Tasty Bite- 440 ( EPS-40, Growth -100%, Brand value still not captured in price. Can multiply 2 times).
      2) Neo corp- Rs19.40 ( EPS-10+, High growth. Increasing promoter stake every quarter. Excellent export house. Unique products. Another company making technical textile,s SRF quoting very high P.E. Can triple from current level.
      3) Dynacon systems- Rs4/- ( FV -10!). Profit making 100 crore company, EPS- 1,4, Growth25%, P/E less than 3. Unlocking value by selling stake in another sister company. Competent management going to focus more on this to make it a big venture. Can touch 15 in 1 year.
      4) BLB Limited (5/-) Turnaround story. Promoter, author of widely read book on Futures and Options. Finance companies to do well in the coming boom. Qtr1 EPS- 1/-.(Annualised- Rs 4). Q1 T/O 95 Cr against last full ), Can triple in 1 year.
      Kindly check them out

      Delete
  3. Can we have recommendation like prakash constrowell. I know you have given morepen but its locked in UC.

    ReplyDelete
    Replies
    1. Paramjeet; It is not always possible to find sub-one rupee stocks like Prakash constrowell (with a decent business behind the 1 rupee stock).

      Veer energy is a sub-5 rupee stock. With a 2 year time horizon, it could be very profitable.

      Look at Datamatics, Themis medicare, Texmo and
      All of these stocks have profitable future.

      As the markets have run up non-stop for 10 months; it is always wise to be cautious and vigilant.

      A good strategy would be to book profits when ever you are happy with them. Booking profits at 20 - 40% profits in this scenario is not a bad idea (unless you are very sure of further upward movements of the stock)

      Wish u gr8 profits ahead. Cheers!!

      Delete
  4. Sir very grateful for your detailed study on various stocks and sharing all those facts with us. Can you please have a look at Black Rose Industries as they recently started their own chemical plant in india.

    ReplyDelete
    Replies
    1. Dear Vivek, As a first look at Black Rose, it looks interesting. Promoter holding is high. This looks like a very young company.

      How ever their profit margins are in the range of 3 - 4% which is not great at all. For such a tiny company they have debt of around 20 cr which is on the higher side.

      A detailed study needs to be done about their products, the future potential and growth; and their scope to increase their margins.

      With my limited understanding, I would not buy this stock at the present moment. So it a PASS for me.

      Best regards!!

      Delete
  5. Sir pls my quetion is also in waiting for reply too. Pls do me favour

    ReplyDelete
    Replies
    1. Hi Harish, This is about Gujarat Sidhee cement

      From what I hear from various commentators, the cement sector is expected to do well over the next 2 - 4 years. That is not surprising as there will be humongous construction activity in India over the next 2 - 5 years, and hence cement will be a direct beneficiary.

      How ever I do not own a single cement stock (and not planning to buy any right now). My logic is: Cement is almost like a commodity business. Thought there 8 - 10 brands of cement in the market, "a bag of cement is a bag of cement". There is hardly any difference between most.

      And in general I avoid any kind of commodity business.

      Best regardS!!

      Delete
  6. harish sir dnt mind he might be working on ur question....

    ReplyDelete
  7. thank you very much sir for your valuable posts.
    i am a beginner in stock market and learning.
    sir as per your blog i perchase some stocks.
    i wish to learn a lot from you sir.

    ReplyDelete
    Replies
    1. Dear Neeraj, You made a very good decision to enter the stock market. Congratulations!! It seems like u r in ur early 20's. If I had entered the stock market in my early 20's by now I would have become a multi millionaire.

      Here are some guidelines that will help u in the future:

      1. Always invest only in good quality companies (resist temptation to put money into junk stocks, even if they are very cheap)
      2. Buy Low Sell High - If you follow this one principle with a disciplined manner, you can make money in every single stock deal that you make (one buy and sell is one deal)
      3. Do not panic during short term movements (it is quite normal to become scared when u buy a stock and it goes down; just learn to be calm and relax; if u have really invested in a good quality company, the price will always come back)
      4. Read as much as possible and Learn every single day. Make it a habit to read company annual reports (and quarterly financials); u may not understand everything, but u will definitely understand a few things and improve over time.
      5. Boom profits from time to time (and re-invest ur profits)

      Stock market investment is a journey (it is not a destination)

      Most important, Enjoy and wish u lots of profits!!

      Best regards!!

      Delete
    2. thanks sir for guidelines
      sir i am on 26th
      as per your recommendation i am having FSL, MARKSANS FARMA, AVT NATURAL, DATAMATICS, YBRANT DIGITAL, AND MOREPEN LAB.
      i am confident about returns in these but i am stuck in indosoler and VIP suggested by moneycontrol boarders
      SIR PLEASE HELP

      Delete
    3. SIR what should i look in a company for short term (0-3 months)
      i have subscribed dalal street last week.
      i am studying oscillators also.I can understand but not able to apply on chart.
      sir please guide me regarding this also
      sir can i get your mail id so that i could ask you frankly.
      please sir
      thanks and regard

      Delete
    4. Dear Neeraj,

      I do not have any strategy nor stocks for 3 months time frame.

      Let us face a simple fact; Trading is almost like gambling. It is like tossing a coin. Some time u get head and some time tail. Trading also depends on luck and timing.

      If you really want to make good money in the stock market, focus on long term investing. Minimum time frame 2 - 3 years.

      If u just focus on trading, you might make 10% here and 20% there. But from time to time u will also loose. The net effect will not be great.

      I hope u understand what I am trying to convey!!

      Best regards!!

      Delete
    5. THANKS SIR
      NOW I WILL CONCENTRATE ON LONG TERM AND DO CONTINUE MY STUDY
      THANKS AGAIN
      REGARDS

      Delete
  8. Really appreciate ur research on every stock u recon . thanks for sharing ur precious research. God bless..

    ReplyDelete
    Replies
    1. Good to see ur appreciation and words. U r most welcome, Sandeep.

      Kind regards!!

      Delete
  9. Has the management given any guidance for FY15 (like how much Sales, margins or PAT growth is expected)?

    Btw, its not very cheap imo. ROE is arnd 9% (same as a fix deposit return), so price to book value ~1 is fair i guess. P/E of 7-8 for 350cr market-cap company is probably fair too. Yes, sales to market-cap ratio is quite low.

    ReplyDelete
    Replies
    1. Mr Pranab,

      If everything was perfect with Datamatics, then it would not be available in the 50 - 60 rs range and would be trading at a minimum of 200 - 250 rs range.

      My whole objective is to find companies/stocks that are "not so great" currently, how ever have "tremendous potential" for the future.

      In such circumstances if you buy the stock when it is cheap (like Datamatics is right now); there will be potential of making 200 - 400% profits by the time things start looking good (and market recognizes the same).

      I am not at all interesting in making 20, 30 or 50% profit on my investment.

      If we do what everyone does (or think like everyone else); we will get the same results. Think about it!!

      Delete
    2. Btw Pranab, I am not really sure how u say that PB of 1 and PE of 7-8 is fair. Here is what I suggest you to do:

      Keep this stock in your radar. Look at the share price after 4 - 6 quarters. You will get a practical example how how multibagger stocks work.

      All the best!!

      Delete
    3. Finally, Mr Pranab, about the guidance.

      Look at the FY13 annual report. The company has articulated how much better it has done than the Nasscom guidance. I do not remember the exact percentage. But Datamatics definitely bettered the Nasscom growth.

      And the management was quite confident that they could beat the Nasscom guidance in the future. And I have no reason to believe that it is not possible.

      Datamatics is s high potential multibagger. Currently levels are fantastic for accumulation. The stock could be hugely rewarding with multibagging profits.

      Best regards!!

      Delete
  10. What would be the target for datamatics in 2 mths time span zorba..
    Just out of curiosity ..how do u find such stock with such potential ..could u teach me also :) I'm doing my cfa Lev 1this Dec .n wanna gain smthing from ur experience .little help from u would mean a lot for me. Thanks again zorba..

    ReplyDelete
    Replies
    1. Dear Sandeep,

      Every single stock pick of mine is a potential multibagger. Which means a profit potential of 200 - 400% (minimum) and for this it obviously takes time. Mostly few years (in some rare cases few months).

      I am not an expert at giving monthly and quarterly targets. My focus is long term investing in potential multibagger stocks. I keep it simple.

      About finding stocks with potential, there is no set guideline. Each case could be different. As I am a full time investor, it is my constant endeavor to find deeply undervalued stocks with a high quality business behind them.

      My email ID is: zorbayogi9@gmail.com

      Write me an email with some details about yourself and I will see how I can help you.

      Best regards!!

      Delete
  11. Dear Sir I have a few question. Can you please throw some light on it.
    First of all i like to you thank you for all the good work you are doing.
    I was checking morepen, marksans pharma, texmo pipes and prakash constrowell and i was not satisfied with their ratio's particularly ROI & ROE. Can you please throw some light on it also i want to know how you get these info. about these multibagger stock. It's just the newspaper and e-journals or something else. I am a keen reader and i want to explore about these kind of articles that you share. Also i need you advice on DHP, Veer energy & basant agrotech for a long term horizon. Looking forward for your early revert.

    ReplyDelete
    Replies
    1. Dear Sachin,

      You have asked too many questions here. Writing response to all of them will take for ever. It is better to talk over phone. Write me at email to zorbayogi9@gmail.com and we will take this further.

      Best regards!!

      Delete
    2. Just for the benefit of all people (and who want to learn), about return ratios:

      If all the return ratios and other parameters of a stock are doing great, then the stock will not be available cheap. It will be very expensive.

      The idea to find those stocks where the ratios are not great how ever there is scope and potential in the company to improve on the rations over the next few quarters/years.

      That is where u can identify ur multibaggers. Cheers!!

      Delete
  12. Sir, Can you guide me about IBWSL @ 29 and LITL @ 16..... Can you give your opinion as I am long term investor,

    ReplyDelete
    Replies
    1. Dear Shravan,

      About IBWSL, I have no idea.

      If LITL refers to Lanco Infra; then I would say that is a stock good for trading only (provided u get ur range and ur timing right)

      For long term investment, Lanco is an absolute No. Just look at their debts and and their quarterly numbers. You can for yourself calculate how dire the debt situation is.

      Best Regards!!

      Delete
  13. datamatics does certainly look like a value pick !! mucho thanx ! could you also please adjudge the potential of rolta as a multibagger ..especiallly in the light of its age old presence in the defence verticle (read make india) but a highly leveraged balance sheet .
    thanx again!!

    ReplyDelete
    Replies
    1. Dear Santosh,

      Normally I prefer to stay away from any company that have huge debts. Leveraged balance sheet is always a risk. I prefer to miss such companies rather than take risk.

      In small cap IT(software); Datamatics in my No.1 pick. This stock has a huge upside potential.

      In the BPO space; Firstsource is a high quality company. Another potential multibagger.

      Best Regards!!

      Delete
  14. Sir - Can i but YBRANT at CMP of Rs 44/-

    ReplyDelete
  15. Thanks ZY for your ideas.
    A great help to all the retail investors.

    Regards,
    Ravi

    ReplyDelete
    Replies
    1. Most welcome, Ravi.

      I wish u fantastic profits in the stock market.

      Don't forget. Buy low Sell high

      Cheers!!

      Delete
  16. grt going MY,broken out today.congrats!!!!

    ReplyDelete
    Replies
    1. Dear Rashmi, u r correct. Wish u gr8 profits ahead.

      Today has been a wonderful day. A major break out for Datamatics.
      This stock will go much much higher.

      All those people who have bought this stock, just "sit tight"

      Enjoy the journey. Cheers!!

      Delete
  17. dear MY,also want to know probable targets for morepen

    ReplyDelete
    Replies
    1. Dear Rashmi, I do not give targets (nor buy/sell calls)

      Very difficult to say how high Morepen could go in this rally.
      At some point in time, a sharp correction is quite probable.

      A good strategy would be sell/exit (reduce) your quantity at every up move.
      May be u can start selling 10% every day.

      That is just one option.

      Think through it and make ur decisions.
      Just don't let it go too late.

      Best regards!!

      Delete
  18. dear MY would want to know ur views on jp ass.am badly stuck in it.any suggestions to swap?

    ReplyDelete
    Replies
    1. Rashmi, You have to be vary cautious and careful while picking stocks. Some like JP are very risky. It is like playing with fire. U never know when u will get burnt.

      Right now u have 2 options:
      1. Wait it out (it could take few weeks or months). If not ur buy price, ur loss could be curtailed.
      2. Exit JP and move to any other stock.

      Few probables could be Themis medicare, Firstsource, Nectar life

      You need to think through both options, and make ur decision.

      Good luck!!

      Delete
  19. i have seen ur blog today plz say any old call which can we buy now.....

    ReplyDelete
    Replies
    1. With a time horizon of 1 - 2 years, Firstsource solutions is excellent.

      Even Trigyn is good (if you are able to digest the volatility)

      Best regards!!

      Delete
  20. Thanks for your stock research. I tracked your recommendation stocks which you mention in your site. but I did not grab these stock due to shortage for funds. now i have some fund to invest. Please recommend me some stocks for 2-3 years time horizons.

    ReplyDelete
    Replies
    1. Top 2 would be Datamatics global and Themis medicare.

      From a 1 - 2 year time horizon, they can still be hugely rewarding.

      Best regardS!!

      Delete
  21. dear MY wud like ur views on alembic ltd and swiss glasscoat,the only competitor fr swiss is gmm pfaudler.few details
    Price : Rs.69
    P/E : 8.78
    Industry P/E : 25.49
    Dividend : 25%
    Market Cap : Rs.35 crs
    Volume : 28,000 shares

    The only other manufacturer of its products is GMM Pfaudler, whose CMP is over Rs.200. Is it another Avanti / Waterbase ?

    ReplyDelete
    Replies
    1. Dear Rashmi,

      Swiss glascoat is an interesting story. It is tiny company (from stock market perspective). It comes across as a well managed company.

      Positives:
      1. Consistent dividend (and increasing every year)
      2. Major client group is pharma companies (and they will continue to grow)
      3. Good track record
      4. Y-o-Y export revenue has increased (though it is very small compared to over all revenue)

      The concern (sort of negative) is very low liquidity and high volatile in the short term.

      A potential up side of 50-80% may not be too unrealistic.

      Only thing u need to take care and be cautious is about entry (buy) and exit (sell); as u need to plan that well.

      If they can substantially increase the exports, then a huge up side potential exists (and that could take time)

      Best regards!!

      Delete
  22. Please give your view on Man Infraconstruction and Globus Spirits?

    Thank you.

    ReplyDelete
    Replies
    1. Dear Dhaval,

      I had taken a look at Globus spirits around 1 year back. The company looked interesting. How ever I did not pursue it. Perhaps a good time to go back and take a look. If u have any inputs, please shares.

      About Man Infra; I have no clue

      Best Regards!!

      Delete
    2. Dear Yogi,
      Thanks for your reply. fan of your blogs.
      keep doing good works.

      see you soon.

      Regards
      Dhaval

      Delete
  23. Thanks for sharing excellent/fundamentally strong stocks. Please can you lest us know when can we expect update on new stock recomendation

    ReplyDelete
    Replies
    1. Most welcome, Ash Sha.

      Though I have 5 - 6 new stocks on my radar, this is not an appropriate time to write about them.

      The markets have run up non-stop form 10 - 11 months. This is time to be cautious and circumspect.

      Also a good time to book partial (or full) profits depending on a case to case basis.

      Best regards!!

      Delete
  24. Balle-balle enjoing a lot

    yogi love you dude........thanks a lot.....

    as you said buy low I buyed trigyn as it came down more more more and boom....

    ReplyDelete
    Replies
    1. Gr8 2 hear from u, Paramjeet Singh.

      Balle balle....

      Gr8 to c that u r enjoying (and making money)

      Time now to be a little cautious.

      Do balle-balle only when u book profits. Cheers!!

      Delete
  25. This comment has been removed by the author.

    ReplyDelete
  26. Hi ZY - I'm one of your silent admirers on MMB. Recently entered into datamatics at 58 and again partially at 85 after reading your blog. Also entered into texmo and themis a day back. Your research appears solid and highly useful for retail investors like us who are short of time. So thanks a lot! Waiting for your new recommendations.

    Regards,
    Vinit

    ReplyDelete
    Replies
    1. Hi Vineet, Good 2 c ur msg.

      Datamatics, Texmo, Themis; all are fantastic buy decisions. All potential (super) multibaggers

      About Datamatics, read the first few pages of the latest (FY2014) annual report. U will be able to understand its true potential.

      Same goes with Themis. Check their latest AR.

      Texmo (huge potential); latest AR not released yet. even I am waiting.

      Be in touch!!

      With u tons of profits. Cheers!!

      Delete
  27. Dear Sir

    Do you advise to accumulated datamatic at this level or wait for the dips

    Regards

    ReplyDelete
    Replies
    1. Dear mamsshs,

      From the 50 - 60 levels, Datamatics got a mammoth break - out. The strength and momentum looks very strong. So it will be very difficult to say if you will get dips in the near future.

      Under these circumstances, it is a good idea to accumulate in small quantities (and then increase buying/quantity in case of dips)

      Keep a time horizon of 1 - 2 year. You will profit significantly from Datamatics global.

      All the best!!

      Delete
    2. Thank you MY....good advise for long term investors...

      Delete
  28. hi MY,i wanted to buy nectar life.can i buy at cmp

    ReplyDelete
    Replies
    1. Rashmi ji, Nectar life is a good stock to accumulate at these levels PROVIDED, u have a time view of 8 - 12 months, and u do not panic at short term volatility and corrections.

      Nectar has demonstrated a decent track record and is a formidable player in the Cephalosporin API space. The company has some positive aspects going for it, and could easily move up 50 - 100% from these levels.

      Cheers!!

      Delete
    2. Wrt Nectar life in specific, 2 things can work very positively for this company and prove to be game changer.

      1. FDA approvals pending for some of its facilities
      2. Increase in their revenue mix currently API tilted, more towards Formulations.

      If both these work favorably, this stock could go much much higher.

      Cheers!!

      Delete
  29. also want to know ur views on dhunseri inv as an investment pick

    ReplyDelete
    Replies
    1. Rashmi Madame,

      About Dhunseri investments, I have had a high level view about this company around one year back.

      All this company does is: Own stocks of 3 - 4 different companies.

      Why on earth would I want to buy such a company??

      Makes no sense to me.

      Best regards!!

      Delete
    2. Rashmi ji, Some basic analysis about Dhunseri investment

      Take a look their quarterly numbers (most basic).

      In the past 12 quarters (with one exception); they have done revenues of between 1 - 2 crore.

      Do you have any reason to believe that this will change significantly?

      Such stocks are definitely not for me

      Good luck!!

      Delete
  30. Mr dora babu,

    It is always a good idea to book partial (or full) profits when the markets have run up non-stop for almost a year.

    How ever it needs to be done with a proper assessment on a case to case basis. Each case could be different.

    For example: I have booked profits in Trigyn, Marksans and Morepen

    Datamatics, Themis, Firstsource, Nectar life; I will continue to hold.

    Indiabulls power; I would neither add more nor buy at this point in time.

    Cheers!!

    ReplyDelete
  31. Hi can you share your view on Vikas GlobalOne?

    ReplyDelete
  32. Thanks a lot for recommending such a wonderful stock - Like datamatics....

    ReplyDelete
  33. When you will recommand your next multibagger stock??? Is there any specific date or timing???

    ReplyDelete
  34. Sir,

    Need ur take on Mafatlal Inds.

    Regards

    HK

    ReplyDelete
  35. Dear Yogi Sir,

    Your advise has helped me a lot with building my portfolio. Thanks a lot
    I wanted to check with you regarding BBTC( Bombay Burmah Trading corporation) and how this pick can perform from 1.5-2 yr window. Appreciate your response.

    Regards

    Amit

    ReplyDelete
    Replies
    1. Most welcome, my friend.

      I have no idea about BBTC

      Currently my top 5 are Datamatics, Nectar, Firstsource, Texmo and Themis.
      (with a time horizon of 1 - 2 years)

      Best Regards!!

      Delete
  36. Hello Sir..

    AM new to your blog and would like to know when would be your next post on the site.

    Am new to stock market and was looking for some guidance on fundamentally good stock to invest and looking ater your recommendation. I am sure I am at the right place.

    your reply will be highly appreciated

    ReplyDelete
  37. Hi Sir,

    Please suggest me can i purchase Datamatics at 87 levels? for long term

    ReplyDelete
    Replies
    1. My friend, Datamatics is a fantastic company and an excellent investment option. With a 2 year time horizon, there is an easy potential of 100% profits from current levels.

      As long as you have a long term horizon and u do not panic at short term corrections and volatility; then it is good buy.

      Does not matter whether u buy at 80, 85 or 90; as ur profit aspiration should be at least 100%

      Best Regards!!

      Don't forget: Buy only and only if you have CONVICTION about the company and the PATIENCE to travel the multibagger journey.

      All the best!!

      Delete
    2. Thank for your valuable feed back sir.

      I am investing 50% amount to DataMatics and 8% to Nectar and 15% to Texmo and 10% to Themis medi care and 5% to Edelesis finance and 5% to sintex Industries.
      I am already having first source in my basket.

      I am eagerly waiting for your valuable feedback.

      Thanks in Advance.

      Delete
  38. Hi Sir,

    Please provide me your valuable suggestion to me on the investment .

    ReplyDelete
  39. Results tomorrow, lets hope for the best. re entered, at 90.

    ReplyDelete
  40. Thank you for posting the great content…I was looking for something like this…I found it quiet interesting, hopefully you will keep posting such blogs….Keep sharing
    Nifty Future Tips

    ReplyDelete