Metcon Finance

29/12/2023

➡️ After seeing an 8% rally as predicted in the December series, we’re now switching to a cautious trading & investment strategy as the Nifty continues to make newer highs, led primarily by PSU sector stocks.

🔔 Valuations are getting more expensive every day and we’re seeing some stocks starting to stay away from their 52-week highs while some frontline stocks make headlines with % gains.

💢 We may see some profit booking and/or corrections in certain sectors and the quicker it begins, the healthier it will be for markets. As we enter a year with 64 elections around the world and one huge one at home, we can expect funds both foreign & domestic to adopt a more cautious approach even if election pundits are already calling the verdict.
💢 The VIX or volatility Index also seems to be slowly inching closer to its 52-week high of 19.39 while staying in the 14-16.5 region currently.

😷 We’re closely monitoring Covid cases from a market perspective for two reasons:
(1) For overall market sentiment and related sectors moving up / down as the case may be
(2) Impact of it on the economy, if any, going forward

⚠️ If you’re a new entrant into the markets right now, we advise caution and allocating only a small percentage of your portfolio at the moment with diversification playing a central role.

Financially Yours,
Shaurya Mehta

Disclaimer: Kindly consult your financial advisor before investing or making any investment decisions. The above is not an offer to solicit or a suggestion to buy / sell any instrument(s). Markets can be volatile and we recommend that you make investment decisions carefully.

25/11/2023

After 5 massive IPOs namely Tata Technologies, IREDA, Flair Writing, Gandhar Oil Refinery and Fedbank Financial Services this week seeing a whopping Rs. 2.5 Lakh crore in subscription money, excluding anchor investors, against shares worth Rs. 7,377 crore led by Tata Technologies (at 1.5 lakh crore) tells us that many investors are sitting on a huge amount of cash and also allocating part of their portfolios for better opportunities in the search for greater returns. We believe that Tata Tech was the primary driver for such a tremendous surge in interest in IPOs this week although the other IPOs would have presumably done well nonetheless.

If the previous large IPOs across the world are any indication for what’s to come for markets, we could see a temporary or medium term surge in equities as the new blue eyed boys of the market get listed.

Here is a write up we did in 2012 regarding the same right after the Facebook IPO.
http://metconfinance.blogspot.com/2012/05/have-world-markets-got-facebooked.html?m=1

Shaurya Mehta

Disclaimer: Views are personal and do not reflect any suggestions or solicitation of offer to buy or sell any equity or derivative instruments. Please consult your financial advisor before investing.

Have the World Markets got ? “$104 Billion”! That is the Valuation which the Social Networking Giant “Facebook” has received after i...

20/02/2023

With several state elections & the union elections next next year, we expect the next 12-18 months to see series of volatility. We are choosing to maintain a cautious approach to markets. Cherry picking is essential instead of a pan-market approach. Also, with interest rates at high levels, we are looking at mixing our equity portfolio with some debt instruments for positioning ourselves better for when inflation starts easing.

This is our current view. Kindly speak to your financial advisor before making any investment(s).

27/01/2023

We have a BUY call on Asian Paints with a first target of 3145 and second target of 3450. Fundamentally, with the budget approaching, the Government is expected to hand out benefits in the housing sector with state elections this year and union elections next year. With sticky inflation at high levels, even with lesser home buying, home improvements are expected to stay elevated. The stock has witnessed heavy undercutting with results and plans to invest into capacity building that will result in cash outflow. However, the company has seen higher margin %s and we see a strong uptick in revenues & margin going forward.

Disclaimer: We and/or our representatives may have positions in the mentioned stock. This shall not be construed as an offer to buy or sell this stock and any loss or damage shall not to be attributable to us. Kindly consult your financial advisor before any investment decisions

14/08/2022

An era of prudent investment with foresight comes to an end with the passing of Rakesh Jhunjhunwala ji; Rest in Peace Sir 🙏

20/05/2022

As we’ve advised our clients, this year from the get go seems to be a year that will teach us how to manoeuvre volatility. Its expected to be a roller coaster of a year at regular intervals; be it months, weeks or even days. Be cautious and long term outlook may work much better than short term.
Disclaimer

29/09/2021

We are cautious on the markets at the moment. Several growth stocks are at all-time highs but there are value stocks which may have potential. Tread carefully. Cherry picking with smaller targets is what we’re looking at in the immediate scenario.

Disclaimer: Investment/Trading in securities Market is subject to market risk. Past performance is not a guarantee of future performance. We & our clients may have positions in the markets. We do not take responsibility for any losses that may occur. Please consult your financial advisor(s) before investing.

20/01/2021

6 Month Returns for our Pharma picks:

Aurobindo Pharma 657 —> 930 (+42%)
Cipla 598 —> 832 (+39%)
Cadila Health 323 —> 486 (+50%)
DrReddy’s 3900 —> 5080 (+30%)
Ipca Labs 1533 —> 2102 (+37%)
Sun Pharma 460 —> 594 (+29%)

We recommend booking partial profits. Please consult your financial advisor before making any such decision.



Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. We & our clients may have positions in the above mentioned stocks. We do not take responsibility for any losses that may occur.

07/12/2020

https://www.businessinsider.in/stock-market/news/billionaire-investor-paul-tudor-jones-forecasts-the-economy-will-see-an-absolute-supersonic-boom-in-2021/articleshow/79556234.cms

Billionaire investor Paul Tudor Jones told Yahoo Finance the economy will see an explosion of growth next year as the coronavirus vaccine unleashes pent-up