Hello Sir,
Hope you are doing well.
It’s said that Promoters can sell stocks of their own company for multiple reasons; however, when they buy stocks of their own company, they usually do it for 1 reason – they like the prospects of the company.
Often, we use complicated analysis techniques to identify investment opportunities; however, today, we will look at 2 examples wherein one could have used a single factor for investing in the stocks and ended up with decent results.
Before that, currently we have 5 stocks in our buy-list.
Also, recently we recommended a new stock to members wherein Promoters themselves have increased stake through open market purchases.
You can get the above stocks and other recommendations by signing up HERE
Bigbloc Construction
Recently, I was looking at the details of Bigbloc Construction. Stock’s up 9x from 20 in Jan’21 to around 180 now.
While I didn’t personally invest in the company, I was trying to find out if as an investor I could have found some trigger to invest in the stock along the way.
Here’s what I found:
- In Sep’21, Promoter bought shares worth Rs 1.1 crore at around 22 (adjusting for Face value split from Rs 10 to 2)
- In Dec’21, Promoter further bought at 32 and 47
Source: Screener
Monte Carlo Fashions
Monte Carlo is a well-known apparel brand. Stock’s up 3-4x from 215 in Mar’21 to around 700 now and reached a high of 900 in Aug’23.
Like Bigbloc, here too one could have bought the stock around 220 odd levels following in the footsteps of the promoters who bought big in Mar’21.
Here’s what I found:
- In Mar’21, promoters bought shares worth Rs 6 cr. around 218
- In FY 22, the company recorded almost 50% jump in sales and 100% jump in PAT over FY 21
Source: Screener
Tracking Promoter buying can help unearth good investment opportunities as they know their business better than any investor/analyst.
(End)
Disclaimer: This is not a recommendation to buy/sell Bigbloc Construction and Monte Carlo Fashions. The securities quoted are for illustration only and are not recommendatory.
Best Regards,
Ekansh Mittal
Research Analyst
Web: https://www.katalystwealth.
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