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You are here: IndiaNotes >> Market Insights - 24 August 2016 >> Sambandam Spinning: Targets for 1-2 months and 9-12 months - Market Insights Newsletter
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Welcome to Market Insights.

In this edition, we have Profit Track recommending short-term and medium-term targets on Sambandhan Spinning and Dynamic Levels recommending a maker of moulded furniture as a multi-bagger. We also have SMC recommending Repco Home Finance and HSIL on fundamental grounds and Ambuja Cements and Bank of Baroda on technical grounds. Lastly, we have certified financial planner Mr. Pankaaj Maalde trying to analyse why the mutual fund industry is not growing at a faster pace.

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Sambandam Spinning: Profit Track recommend targets for 1-2 months and 9-12 months

According to Profit Track, Sambandam Spinning has the potential to become a real multi-bagger. They are thereby recommending respective targets on Sambandam Spinning for an investment perspective of 1-2 months and 9-12 months. According to them, equity is small and low floating stock, which can fuel stock price faster and higher.

Click here to read the research report by Profit Track

Fundamental picks: These stocks have an upside of 17% & 29% respectively
According to SMC, investors can buy Repco Home Finance and HSIL for a period of 8-10 months on fundamental grounds. They believe that HSIL is improving its market share, launching new brands related to air and water purifier products, higher spends on of marketing, warehouse and channel spends towards the consumer appliances segment which would give good financial growth to the company. Similarly, initiatives like Interest subvention schemes, additional interest deduction of 50000/ - for first time home-buyer specially for EWS/ L1G segment, and programs like "Housing for All/ PMAY" offer market expansion opportunities which would give further boost to the growth of Repco Home Finance. are sharing with us their fundamental analysis to justify their recommendation along with the respective targets and upsides for both the scrips. SMC are also recommending targets for both the scrips.

Technical Calls: Buy Ambuja Cements and Bank of Baroda
According to SMC, investors can buy Ambuja Cements and Bank of Baroda on technical grounds. They are noting that charts of Bank Of Baroda, after touching 110 levels, finally went up and formed higher high and higher lows which is bullish formation. Similarly, they are also noting that Ambuja Cements has formed Inverted and head and shoulder pattern so it is anticipated that it will give sharp upside in near term. SMC are also recommending targets for both the scrips.

Dynamic Levels recommend a maker of moulded furniture as a multi-bagger
According to Dynamic Levels, the scrip has been identified as one of the multi-bagger shares based on technical and fundamental research. Its price has touched a 52 week high of 1631.95 on 13-Jan-2016 and a 52 week low of 780.00 on 26-Aug-2016. To enhance product offering, this year the company has widened school furniture and SOHO (small office/home office) furniture range by adding more than 50 products in this segment.

Why MF Industry is not growing at faster pace
According to Mr. Pankaaj Maalde, mutual fund investment is the best compared to all other investment products available in India. Mutual fund industry is celebrating touching 15 lakhs crore of assets under management. There is no reason to cherish but the industry should introspect why they haven't done well even when they are best in the country.

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