The Money Memo Monthly Performance Report - Aug 2024

A detailed analysis of our impressive performance of our short-term and long-term stock picks along with our IPO recommendations.

Dear premium subscriber

I’m happy to bring to you The Money Memo’s excellent performance for Aug 2024. We have got amazing support from you all, with new subscriptions coming in almost every day of the month.

This month, we put out three premium market research reports and three IPO reports. All of these were carefully put together after meticulous research using our quantitative and qualitative methods.

Why qualitative? Because, Indian markets can be deceiving if you take the numbers alone, as many companies are known to cook their accounting books, especially in the small and micro cap space. Qualitative research using management commentaries and guidance through conference calls and interaction with company suppliers/customers is extremely important, and that is what we take pride in doing - so we can bring only the best companies to our subscribers.

Our market commentaries - which include Indian and U.S markets - have been thoroughly appreciated in the way we make it easy to understand for even beginner investors so they appreciate how broader markets behave. Also, the index summaries and outlooks have been very helpful for traders who trade the Nifty Index and the S&P500.

Now, let us look at the returns generated by our short-term stock picks.

The Money Memo - Short Term Picks

(Out of the above positions, the Ashok Leyland pick is still running.)

KPI Green, a stock that had announced excellent quarterly results for Q1FY25, did not see sustained trading volumes after the call and hit the stop loss.

For the rest, we had an amazing run this month.

• Refex saw increased buying from promoters and institutional investors and hit 300/- when we gave the call to completely exit at 20% profits, as there was a strong resistance at that price.

• SJS Enterprises showed an increasing trend after our recommendation, hitting a high of 1100. Nevertheless, our charts showed that initial target of 1200 may take longer than anticipated and gave a call to exit partially at 1077 for a 13% profit.

• INOX Wind was a blockbuster call with 32% profits coming in just two days as it hit the target! Honestly, our charts showed us the target would be reached only in two weeks, but hey, that is how the markets are sometimes and we need to respect that.

• Chola Fin 1340 CE call was a pure F&O pick as we had mentioned in The Money Memo, Aug 3rd Edition and it has been our best pick this month with 35% profits. Our charts were nicely lined up for this move, and many of our subscribers were able to quickly enter and exit at the right levels as the stock price went from 1347 to 1360 within a week.

• On an average, our short-term picks have yielded a spectacular 16.5% profits in August alone.

Our long-term stock picks are currently running on an average return of 6.7% for the month, which is around 72% annualized for the year. This is also a very good return in absolute terms, but of course that would not be the right way to evaluate your long-term stocks. We will revisit them on a quarterly basis and improvise the exit strategy if need be.

Let us now look at the IPO performance.

The Money Memo - IPO Recommendations

We are happy to say that our IPO picks have done exceedingly well this month. For our subscribers who got the allocation to any of the above IPOs, you are welcome!

Orient Technologies is still awaiting listing (which we estimate to be a great one), but the rest of them have yielded a monthly average return of a staggering 85%!

Of course, we would like to inform our subscribers that such returns are not always sustainable, but at The Money Memo, we will strive hard to maintain an excellent track record of market-beating returns through our cutting-edge research.

As we come to the end of a successful month, I would like to thank our subscribers who keep us motivated with our research.

We are extremely happy to say that each of our subscriber has got 10x their monthly subscription fee from the returns we have been able to generate for them. We hope that you will continue your association with The Money Memo.

There is much more to come in the following days, and we are excited to have you as part of our journey! If you are not a premium member, we recommend you to subscribe on Substack or join the premium club

at: https://rzp.io/l/themoneymemo

For more information you can contact us at: info@moneymemo.ai

Happy investing!

Disclaimer: Investment in securities market are subject to market risks. Read all related documents carefully before investing. There is no guarantee that a particular trade or investment will generate profits. All our recommendations are based on technical and market data.