Sahyadri Industries was recommended by us at Rs. 509 on 7th June, 21, having now risen to Rs. 800, giving a gain of about 60% in 45 days. This is due to company reporting an EPS of Rs. 34 for Q1 FY22 against Rs. 65 seen for FY21.
We saw this kind of performance seen coming in for Q1, and hence recommended it 4 times in 1 month, with last buy call having given at Rs.590 on 9th July, 21. We feel like laughing that why other Experts and Media can not estimate these earnings, instead of wasting time in giving earnings estimates of vested interests or large companies only?
After seeing these results, comparable peers like Visaka Industries, HIL Ltd, Ramco Industries, have moved to 52 week high. But this is a wrong way of picking a stock, as can be seen from Q1 numbners of Visaka yesterday, showing m,arginal growth. Hence, you have Bharti Airtel and Vodafone Idea in the same sector, both with good promoters, but one as penny stock while other one as Blue chip .
This also shows that how our stock market lack such quality calls, as being given by us to our members regularly, but Media and other experts are seen interested in only making Retail Investors as BALI KA BAKRA.
This is not a buy recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.