Money Times Talk (MTTs) – 5/10/25

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Although Money Times recommendation have outperformed other media, stock brokers and research houses, the brief recommendations under Money Times Talk (MTT) cannot display ‘BUY’, ‘SELL’ or ‘HOLD’ recommendations. Readers should, therefore, exercise their own judgement and evaluate the future prospects of the stock given its past performance, industry prospects in the backdrop of a growing economy and in consultation with their investment adviser.

• As per market veteran, higher stock gains require giving up smaller gains: aiming for 200–300% means letting go of many 60–70% gains; aiming for 60–70% means letting go of many 20–25% gains, and so on. Decide your target and build the mindset accordingly.

• As per market veteran, Indian Railways plans 200 Vande Bharat sleeper trains by 2030, with 150 expected soon. Positive for Integra Engineering, potentially surpassing its lifetime high of Rs.328.

• 20 Best Quotes by Charlie Munger: a.) “Investing is where you find a few great companies and then sit on your ass.” b.) “The big money is not in buying or selling, but in the waiting.” c.) “Like Warren, I had a considerable passion to get rich, not for Ferraris, but for independence.” d.) “We have a passion for keeping things simple.” e.) “Assume life will be really tough, and then ask if you can handle it. If yes, you’ve won.” f.) “Think of the intellectual dishonesty when talking about adjusted EBITDA; it signals a flake.” g.) “If investing wasn’t hard, everyone would be rich.” h.) “You don’t have to be brilliant, just a little wiser than others, consistently.” i.) “The desire to get rich fast is dangerous.” j.) “Those who keep learning will keep rising in life.” k.) “There is no way to live adequately without making mistakes.” l.) “Acknowledging what you don’t know is the dawning of wisdom.” m.) “No wise pilot fails to use a checklist, no matter their talent.” n.) “History is the best teacher; answers worth billions are in $30 history books.” o.)“Many with high IQs are terrible investors due to poor temperament.” p.) “Waiting helps you as an investor; many can’t stand to wait.” q.) “Knowing what you don’t know is more useful than being brilliant.” r.) “A business earning 18% on capital over 20-30 years yields fine results, even at high prices.” s.) “Warren and I insist on time almost every day just to read and think; uncommon in business.” t.) “Develop as a lifelong self-learner; cultivate curiosity and strive to get a little wiser every day.”

• Astro junction: Mercury transits: 5th Oct 150° Saturn, 7th Oct 04:21 AM 150° Neptune, 02:22 PM 90° Pluto, 03:09 PM 150° Uranus. Mercury enters Chitra Nakshatra 05/10 07:30 AM, Swati Nakshatra 07/10 12:18 PM until 09/10 06:10 PM. Market may see unexpected rise up to 09/10, followed by possible profit booking at higher levels.

• September 2025 DRHP Scorecard – 66 fresh DRHPs, 3 updates, 6 confidential filings – record 75 mainboard filings. October–November likely crowded with IPOs; apply selectively as most are at high valuations. Liquidity in cash stocks may dry up.

• Alert: As per market grapevine, high valuations, promoter selling, and OFS do not guarantee long-term gains. Avoid hype-driven or operator-backed stocks; always research thoroughly.

• FM Sitharaman at Kautilya Economic Conclave says “We are in an era of unprecedented global uncertainty. India’s growth is anchored by domestic demand, with 8% GDP helping achieve Viksit Bharat, amid global trade and energy challenges.”

• As per market veteran, most Q2 results likely to be muted and below expectations. Avoid exporters to the USA; focus on selected companies with strong domestic demand delivering solid Q2 results and promising Q3 outlook.

• As per market grapevine, Rs.21,000 cr. metro order expected; Alsthom likely sole bidder. Integra Engineering to supply lighting and rolling stock, may surpass its lifetime high of Rs.328.

• I’m wrong on my trades just as often as I’m right. My long-term success is due to three things: 1) Changing positions when wrong. 2) Never staying wrong long. 3) Avoiding big errors despite frequent small mistakes.

• Upcoming Q2 Earnings: 9^th Oct: Elecon Engg., GM Breweries, Tata Elxsi, TCS, 13th Oct: Anandrathi, HCL Tech, 14^th Oct: ICICI General, ICICI Pru., Persistent Systems, Tech Mahindra, 15^th Oct: Amal, Angel One, HDB Financial, HDFC AMC, HDFC Life, 16^th Oct: Cyient, Infosys, LTIM, Nestle, 17^th Oct: Atul Ltd., 17^th Oct: JSW Steel, LTTS, 18^th Oct: HDFC Bank, ICICI Bank, IDFC First Bank, SML Isuzu, 23^rd Oct: Ultratech, 24^th Oct: Coforge, Dr Reddy, 27^th Oct: Bata, 28^th Oct: M&M Fin, Shree Cem, 29^th Oct: UBL, 30^th Oct: Cipla, Dabur, Exide, Mphasis.

• Vande Bharat Mega Project: 800 trains by 2030 to boost railway network, benefiting multiple listed companies. Stocks to watch: BEML, Frontier Springs, Gabriel India, Integra Engineering, Titagarh Rail Systems, Hitachi Energy India, TARIL, Jupiter Wagons, Ramkrishna Forgings, RVNL, RailTel, HBL Engineering, Kernex Microsystems, KEC International, Oriental Rail Infrastructure, Transrail Lighting.

• Mafatlal Industries Q1FY26 PAT rose 96% QoQ to Rs.45.56 cr. The promoters hold 69.53%. Debt reduced, 5-year PAT CAGR 46.4%. Monopoly in uniforms for govt & corporates, Rs.1,000 cr. order book. Share trades at a PE of 8.5x, CMP Rs.141 v/s 52-week high Rs.221 – attractive risk-reward..

• Jyoti Ltd. Q1FY26 PAT rose 132% to Rs.6.02 cr. Switchgear division secured Rs.6.45 cr. order from Indian Oil. 5-year PAT CAGR 26.1%. Sold only in India, CMP Rs.91 v/s life high Rs.208 – strong risk-reward.