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Showing posts from January 25, 2018

Menon Bearing- Multibagger in Making

Last Few Multibaggers in Less than 8 Months  Sr. No. Stock Name Reco Price High after Reco 1 Asian Hotels 177 321 2 Thangamayl 368 696 3 Avanti Feed 1575 2940 4 GNA Excel 232 474 5 GNFC 297 548 6 Adorweld 334 659 7 Jindal Saw 99 182 8 CGCL 74 142 9 Guj Boro 84 174 10 Aspinwall 337 579 Menon Bearings Ltd. - Multibagger in Making  Buy at CMP 120- Targets - 145 to 197 - Time Frame - 3 to 24 Months, SL - 89 Triggers :- 1) 3Q Profits Increased to 54.9 M v/s 39.6 Millons YOY and 3Q Rev 370.8 Millon V/s 281.1 M 2)  The stock has also strong dividend payouts in excess of 30% over the last ten years with 75% Promotor Holding  3) Company is Exporting 35 % of its production capacity, with exports growth at more than 25 % per annum  4)  MBL has been awarded " Ship to Use " certification by major OEMs ( Original Equipment Manufacturer)  5)   MBL is globally positioned with business activities spanning 24 countries around