On January 10, 2024, foreign institutional investors (FII) offloaded shares worth Rs 1,721.35 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,080.01 crore.

The bygone year witnessed remarkable market performance, with Nifty reaching unprecedented all-time highs.

Today, Allied Digital Services Ltd shares locked in the upper circuit as the company announced that it has been selected as the Master System Integrator (MSI) for integrating CCTV Surveillance into the Existing ITMS Control Room for the Ayodhya Smart City Project.

Once touted as top gainers during the corona virus pandemic period, chemical stocks now face a prolonged downturn, offering reduced valuations that attract investors. Mandar Wagh delves into the industry’s downturn, current financial performance and future prospects to assess if investing in these stocks as a contrarian bet is wise. 

The Nifty 50 earnings season kicks off January 11th with IT giants Infosys and TCS setting the stage.

This edition of Dalal Street Investment Journal celebrates the dynamism and excellence embodied by some of India's most exceptional B Schools, institutions that play a pivotal role in shaping the future of our nation's business leaders.

JB. Chemicals and Pharmaceuticals Limited (JBCPL) has evolved into a rapidly growing pharmaceutical company, specialising in hypertension treatments.

With 2,422 stocks advancing against 1,270 stocks declining, the broader market sentiment indicates a positive trend.

The first trading week of 2024 witnessed a decline in stocks, accompanied by an increase in interest rates, putting an end to the nine-week winning streak of the S&P 500. Given the significant upward surge over the past few months, it is understandable that the markets are now pausing for a breath.

Tax Queries by Jayesh Dadia ,Chartered Accountant.

Booking profits requires just a click, yet, accumulating a sound investment corpus takes time. Therefore, rushing into booking profits without reconsidering the decision might harm the patiently amassed corpus. The report suggests the right way of going about it

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

If you are looking to start investing in mutual funds, the current market level shouldn’t be a deterrent. Equity markets tend to go up and down, but in the long run, they help you earn better returns than other asset classes provided you stay disciplined and invest with a clearly defined time horizon.

This section gives a recommendation of a stock having a stock price below Rs 150 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

Every fortnight, we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.

Shares of the company have gained more than 160 per cent in the last six months.

We had recommended Suprajit Engineering Ltd in Volume 38, Issue No. 8 dated March 13, 2023—March 26, 2023, under the ‘Choice Scrip’ segment.

Equity-linked saving schemes (ELSS) stand out as a unique and tax-efficient investment avenue in the Indian financial landscape. This type of mutual fund not only offers potential wealth creation through equity investments but also provides tax benefits, making them a popular choice among investors. The following text is a comprehensive guide that delves into the nuances of ELSS, elucidating their features, benefits, and considerations for potential investors. 

This column gives you a scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year

In an impressive turnaround, foreign portfolio investors (FPIs) infused ₹1.7 lakh crore into the Indian equity markets in 2023, buoyed by their trust in the country’s resilient economic fundamentals amidst a challenging global scenario.

It is often the practice in the corporate and financial domains to give executives fancy titles in order they are able to attract the attention of their clients. 

Over the course of the year, the RBI has successfully mitigated inflationary pressures, all the while maintaining robust economic growth.

Gossip mongers! In the past week, the real estate sector has experienced remarkable growth, surging by over 8 per cent. DLF, a frontrunner in this industry, is at the forefront of this surge.

As we move ahead into 2024, the spectre of 'leap year volatility' looms over the financial landscape.

While last year's stellar performance in equity mutual funds, particularly mid and small-cap funds, may spark excitement, it's crucial to approach 2024 with a proactive and balanced mindset. The start of a new year isn't just about resolutions; it's an opportunity to rebalance your mutual fund portfolio for a better investment experience.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 319.40 points or 0.45 per cent.

The stock gave multibagger returns of over 300 per cent in just 3 years whereas BSE Sensex Index is up by 47 per cent. 

The stock gave multibagger returns of over 100 per cent form its 52-week low of Rs 33.21 per share.

With 1,195 stocks advancing against 1,032 stocks declining, the broader market sentiment leaned slightly towards optimism.

Notably, the stock has surged by more than 50 percent in the last three months. However, a more intriguing fact is that the company's market capitalization is Rs 1,333 crore, and the value of the stocks held by the company is almost equal to its market capitalization, amounting to around Rs 1,305 crore.

The stock is down by 10.13 per cent from its 52-week high of Rs 730 per share whereas the stock is up by 80.65 per cent from its 52-week low.

A remarkable 58 per cent surge in the last three trading sessions catapulted its value by Rs 880.35, reaching a fresh 52-week high.

From Rs 2.08 to Rs 87.95 per share, the stock delivered multibagger returns of 4,128 per cent in 3 years.

The market opened at 21,529.30, witnessing an initial push, with the index reaching a high of 21,641.85 during the day. The market experienced some fluctuations as it dipped to a low of 21,448.65. The overall intraday movement suggests a cautious yet positive sentiment among traders, with the index managing to maintain its upward trajectory despite minor fluctuations.

The 10th Vibrant Gujarat Global Summit held in January 2024 was a power-packed event, buzzing with optimism and ambition for India's future.

It's crucial to observe the OI numbers at these support and resistance levels, as they provide insights into potential market sentiments and trader positions. The overall option chain suggests a mix of bullish and bearish expectations, and monitoring these key levels could offer valuable cues for trading decisions in the coming sessions.

The stock gave multibagger returns of over 150 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent.

Shares of the company have gained more than 80 per cent in the last one month.

On the same day, 433 stocks hit a 52-week high while 14 stocks touched a 52-week low.

On January 09, 2024, foreign institutional investors (FII) offloaded shares worth Rs 990.90 crore, while domestic institutional investors (DII) purchased shares worth Rs 104.23 crore.

The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 575 per share and a whopping 5,280 per cent in a decade.

For investors looking to harness the potential of India's energy evolution, mutual funds offer a strategic entry point. Let's dive into the top five mutual funds with a focus on power and allied sectors.

The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 88.15 per share.

The stock gave multibagger returns of 222 per cent in 1 year and a whopping 7,625 per cent returns in 3 years.

With about 1,977 stocks advancing and 1,693 stocks declining, the overall market sentiment leans toward the positive side.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 247.71 points or 0.35 per cent.

Furthermore, the stock gave 560 per cent in 3 years and a whopping 15,486 per cent in a decade.

The stock gave multibagger returns of 180 per cent returns in just 1 year and a whopping 800 per cent in 3 years.

The stock gave multibagger returns of 200 per cent in 2 years and a whopping 500 per cent in 3 years.

The stock gave multibagger returns of 120 per cent in just 6 months, 285 per cent in 2 years and a whopping 2,000 per cent in 3 years.

The stock gave multibagger returns of over 100 per cent in just 1 year and a whopping 550 per cent in 5 years.

The stock delivered impressive returns, surging 180 per cent in 6 months, 360 per cent in 1 year and a whopping 600 per cent in 3 years.

The stock gave multibagger returns of over 100 per cent in just 1 year, 225 per cent in 2 years and a whopping 1,520 per cent in 3 years.

In the broader market, around 1,256 stocks advanced, outnumbering 969 declining stocks, indicating an optimistic sentiment prevailing.

Choice International Ltd was incorporated in 1993. It is an integrated and diversified financial services group. The stock has seen a huge surge in the past one year and has delivered a return of 94% in a one-year time period, while the benchmark index BSE Sensex has given a return of 18%.

The stock gave multibagger returns of over 100 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent.

Wardwizard Innovations & Mobility Ltd, Praveg Ltd and PNB Gilts Ltd were among the top gainers on the BSE Smallcap index!

The market witnessed a relatively narrow trading range, with the index fluctuating between a low of 21,517.85 and a high of 21,724.45. The marginal change of 31.85 points, equivalent to 0.15 per cent, suggests a subdued market movement.

Between July 01, 2023, and December 31, 2023, the company's promoters actively increased their stake, purchasing a total of 79,803 shares.

The stock gave multibagger returns of over 110 per cent in just 1 year and a whopping 950 per cent in 3 years.

The company's robust performance is underscored by a solid 41.07 per cent increase over the past month. Impressively, the company has outperformed expectations with a remarkable 54.39 per cent growth over the last three months.

The stock gave multibagger returns of 2,352 per cent in just 1 year and a whopping 11,300 per cent in 3 years.

The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 36.90 per share.

On January 08, 2024, foreign institutional investors (FII) bought shares worth Rs 16.03 crore, while domestic institutional investors (DII) purchased shares worth Rs 155.96 crore.

On the sectoral front, the indices were trading mixed with the BSE Realty Index being the top gainers and the BSE Bankex Index being the top losers.

The stock gave multibagger returns of 350 per cent in just 1 year.

By the end of FY24, the company aims to achieve an annual capacity of 2000 machines in its existing facility. Notably, the order book and execution remain robust, with the company being debt-free.

The shares of the company have an ROE of 22 per cent and an ROCE of 27.4 per cent.

Abakkus Emerging Opportunities Fund – 1 (owned by a renowned ace investor, Sunil Singhania) owns a 1.47 per cent stake in the company.

The stock has delivered mind-boggling returns for investors, generating multibagger returns of 2,120 per cent in just 1 year. 

The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 4,000 per cent in 3 years. 

Let's crunch some numbers. If you deposit Rs 5,000 a month in SSY for 15 years and same amount is invested in ELSS can yield Rs 52.11 lakh

The shares of the company have an ROE of 25.27 per cent. 

In terms of market sentiment, approximately 1640 stocks are advancing, compared to 588 stocks declining, indicating a positive sentiment in the broader market.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 22.56 per share and over 300 per cent in 3 years.

As of September 2023, the company has an order book of Rs 795 crore and an ace investor, Mukul Agrawal owns a 1.47 per cent stake in the company as of October 2023.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 415.69 points or 0.58 per cent.

The stock has an ROE of 21 per cent and an ROCE of 27 per cent.

The shares of the company have PE of 12.1x whereas the industry PE is 35.8x.

The stock gave multibagger returns of 140 per cent in just 6 months while the BSE Sensex Index is up by 9.31 per cent.

The stock gave multibagger returns of 120 per cent in just 1 year whereas BSE Industries Index is up by 101 per cent.

The shares of the company saw a spurt in volume by more than 3.13 times on BSE.

The stock is up by 73.68 per cent from its 52-week low of Rs 0.76 per share.

The stock gave multibagger returns of 475 per cent in just 1 year, 690 per cent in 2 years and a whopping 20,000 per cent in 3 years.

The stock gave multibagger returns of 110 per cent in just 1 year, 1,700 per cent in 3 years and a whopping 2,300 per cent in 5 years.

The stock gave multibagger returns of 260 per cent from its 52-week low of Rs 96.20 per share.

The market opened at 21,747.60 but failed to sustain the initial momentum, reaching a high of 21,763.95 and a low of 21,492.90.

With a remarkable return of 104.08 per cent in the last year, the stock stands as a multibagger penny stock worth watching. As it continues to make strides in the international

The stock gave multibagger returns of 120 per cent in just 1 year and a whopping 3,000 per cent in 3 years.

The stock gave multibagger returns of 155 per cent in just 1 year whereas BSE Industrials Index is up by 70 per cent.

The stock gave multibagger returns of 175 per cent in 3 years and a whopping 1,780 per cent in a decade.

In terms of market sentiment, approximately 752 stocks were advancing, compared to 1,492 stocks declining, suggesting a slightly pessimistic sentiment in the broader market.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 72.50 per share, up by 1,826 per cent in 3 years and a whopping 6,500 per cent in 5 years.

The stock has jumped 55.60 per cent in the last one-week and it has an ROE of 156 per cent.

The stock is up by 57 per cent from its 52-week low of Rs 66.65 per share.

Displaying a robust Return on Equity (ROE) of 32.6 per cent, with a promoter holding of 22.6 per cent. Notably, the public holds approximately 76.41 per cent of the company's shares, with a prominent holder being Infibeam Avenues Ltd.

The stock gave multibagger returns of 129 per cent from its 52-week low of Rs 264 per share and a whopping 380 per cent in 3 years.