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You are here: IndiaNotes >> Market Insights - 17 August 2016 >> Chemfab Alkalis: A multi-bagger share, buy at CMP - IndiaNotes.com Market Insights Newsletter
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Welcome to Market Insights.

In this edition, we have Dynamic Levels recommending Chemfab Alkalis as a multi-bagger that can be bought at CMP, and AUM Capital recommending to buy Force Motors over a period of 9-12 months for an upside of 23%. We also have SMC recommending Automotive Axles and WABCO India on fundamental grounds, and Apollo Hospitals and Bharat Forge on technical grounds. Lastly, we have special feature by Mr. Amit Goel of PACE 360 Degrees, who foresees global equities' impending fall heralding the demise of free market capitalism.

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  Chemfab Alkalis: A multi-bagger share

According to Dynamic Levels, Chemfab Alkalis Ltd is one of the multi-bagger shares identified by them based on technical and fundamental research. Its share price had touched a 52 week high of 228.10 on 25-Jul-2016 and a 52 week low of 65.50 on 26-Feb-2016. At present, the company is working on due approval process to commence power sourcing through "Open access" which would help de-risk its power sources to some extent.

Click here to read the article by Dynamic Levels


Fundamental picks: These stocks have an upside of 24% & 23% respectively
According to SMC, investors can buy Automotive Axles and WABCO India for a term of 8-10 months on fundamental grounds. They believe that new product development, work on needs of a large customer base and work on the concept of Built in Quality (BIQ) would help Automotive Axles to sustain the growth in future. Similarly, WABCO India, is already enjoying the benefits of its global parent's strong technology dominance among OEMs globally, and is likely to continue with its healthy growth trend in the quarter on the back of M&HCV sales growth and increase content per vehicle sold. SMC are also recommending targets for both the scrips.

Technical Calls: Buy Apollo Hospitals and Bharat Forge
According to SMC, investors can buy Bharat Forge and Apollo Hospitals on technical grounds. They are noting that charts of Bharat Forge show a steep decline from 1320 levels, after which, it took fresh buying pivot above its weekly 200EMA and rebounded sharply with the steep rise in price and volumes. Similarly, Apollo Hospitals, after a long consolidation, finally went up drastically last week with the rise in volumes, thereby highlighting its potential to remain upwards in the near term. SMC are also recommending targets for both the scrips.



Force Motors: Buy over a period of 9-12 months for an upside of 23%
According to AUM Capital, the company should clock CAGR growth of 20.88% and 27.54% in net sales and profit during FY16-FY18E aided by strong brand recall on the traveller platform, performance of the rural economy and growth in multi-utility vehicles. They are recommending a 'BUY' on Force Motors with a price target assuming a P/E of 17x FY18E earnings, an upside of 23%, over a period of 9-12 months.

Global Equities' Impending Fall to Herald the Demise of Free Market Capitalism
According to Mr. Amit Goel of PACE 360 Degrees, global equities are back in a super-euphoric bull phase and the thumping noise from the bulls has not had such high decibels since the May of 2015. Market-men believe that the equity markets are now insulated from any bad news from China. We now want to once again shift our focus back to the relatively mundane task of multiplying our capital a hundred times in next 10 years and work towards our dream of making a dollar trillionaire walk this planet!!

Featured Equity Call for today by Dharmesh Bhatt
REL CAP (459): Buy considering 450 & 444 as solid supports keeping stop-loss of 437
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