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In order to recommend the best stock ideas to our members for their portfolios, our team does extensive research, goes through all the corporate announcements on daily basis and screens for various potential investment opportunities.

Through [Stocks to watch] email, we would like to share with you interesting stock updates we come across while performing our research. Hope you find them useful for your own investments or to add the stocks to your watchlist:

 

Before that, if you are interested in investing in an Agrochemical company that will benefit immensely from the ongoing rise in the prices of farm output and food inflation and where the management is expecting strong 20% + year on year growth, you can read about it here - LINK

 

Monte Carlo Fashions – On 11th Apr'22 we came across an announcement by Monte Carlo Fashions regarding their business performance for the quarter and year ending Mar'22.

Source: BSE India

Key highlights of the same are as follows:

  • 46% sales growth in Mar'22 quarter over Mar'21 quarter and 45% over Mar'20 (which was pre-covid)
  • Annual sales growth of 44% over FY 21 and 24% over FY 20 (which was pre-covid)
  • Strong order booking for the next winter season via the recently held order booking exhibition
  • Opened 3 new EBOs in Q4 FY 22 with a total number of 315 at the end of Mar'22

Since the re-opening, the customers have been on a strong spending spree and this is being witnessed across the sectors like fashion, travel, etc.

SP Apparels – On 22nd Apr’22, we came across a disclosure by DSP mutual fund regarding their investment in SP Apparels.

SP Apparels is one of the leading exporter of garments for infants and children and has some major UK based retailers as its clients.

In the announcement, DSP mutual fund mentioned about purchasing 76,692 shares of SP Apparels in DSP Small Cap fund on 19th Apr'22.

With the purchase, DSP mutual fund's stake in SP Apparels has increased from 6.95% to 7.25%

Source: BSE India

 

Disclaimer: This is not a recommendation to buy/sell Monte Carlo and SP Apparels. These updates are as announced by the companies on exchanges and only for the purpose of information and education.

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Best Regards,

Ekansh Mittal
Research Analyst
Web: https://www.katalystwealth.com/

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Name: Ekansh Mittal     Email Id: [email protected]    Ph: +91 727 5050062

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Disclaimer: http://www.katalystwealth.com (here in referred to as Katalyst Wealth) is the domain owned by Ekansh Mittal. Mr. Ekansh Mittal is the sole proprietor of Mittal Consulting and offers independent equity research services to investors on subscription basis. SEBI (Research Analyst) Regulations 2014, Registration No. INH100001690

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The recipients of this report should rely on their own investigations. Ekansh Mittal/Mittal Consulting and/or its affiliates and/or employees may have interests/ positions, financial or otherwise in the securities mentioned in this report. Mittal Consulting has incorporated adequate disclosures in this document. This should, however, not be treated as endorsement of the views expressed in the report.

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Disclaimer: You can access it here - LINK

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