Investing in Indian small cap stocks for extraordinary returns

7/14/14 Investing in Indian Stock Markets - The 5 Minute WrapUp - Equitymaster.
com
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In short, The 5 Minute WrapUp is all about 'views', and more so about making smarter investment decisions
based on these views.
Hi, I'm Rahul Goel, the CEO of Equitymaster.
Here at Equitymaster we function with a simple objective: To equip you with the information you need to
make well-informed investing decisions and grow your money safely...without falling prey to tips from
brokers or even to your own gut feeling.
To that end, here's something that might really interest you...
One segment of the stock market where you can make extraordinary returns is small caps. In fact, a select group
of investors have seen several triple-digit gains, and numerous double-digit gains in the last couple of years
alone!
If you would like to explore this opportunity for yourself, just keep reading...
Discover The Profits That Lie Hidden
In Unusual and Little Known
Small Companies
After more than 6 years of picking out high-potential
small companies, Equitymaster now reveals
the secret to truly "striking it rich" with small caps
One such stock pick turned Rs 10,000 into Rs 38,800
Another turned Rs 10,000 into Rs 191,100
7/14/14 Investing in Indian Stock Markets - The 5 Minute WrapUp - Equitymaster.com
Another turned Rs 10,000 into Rs 191,100
Read on to find out more...
Dear Reader,
Consider the following investment scenario for a moment...
On the 15th of this month, you receive a recommendation from Equitymaster
for a relatively unknown and under-researched small cap stock.
This stock may not be talked about much in the media, your stock broker
may not have enough information on it, and it may not be the focus of any
discussion with friends.
But still, largely because it is Equitymaster that's recommending the
company, you decide to play it safe and invest a tiny-winy portion of
your money in it. You know, just in case.
And then, silently the company continues to grow behind your back.
As you grow older, the company also grows old with you... moving up in
value and price -- doubling, tripling, and quadrupling during this
period.
Then one day in the not so distant future, when you've probably even
forgotten that you own shares of this "once unknown" company, it surfaces
as one of the leaders in its industry...
Handing You Returns Of
1,000% or More Effortlessly!
Is something like this really possible?
Yes, it certainly is!
In December 2002, Shriram Transport Finance Co. Ltd. was a little known
small cap stock available for just Rs 11.7 a share.
Not many people expected it to grow the way it has, and therefore not
many bothered to invest in it.
But by cashing in on the increased need for commercial transportation and
coming up with a business model that set it apart from all its
competitors, the company succeeded in growing its business rapidly.
As a result, its stock price increased from Rs 11.7 in 2002 to Rs 757.2
in December 2012. And those who invested in Shriram Transport in 2002
ended up making a whopping 6,372% on it till 2012.
So if you had invested Rs 10,000 in it in 2002, it would have been worth
Rs 647,200 by 2012!
And this is not a one-off case either. Take a look at the table below...
Change in share prices over 10 years
Company Dec-02 Dec-12 Change
Era Infra Engg. Ltd. 0.9 135.6 14,801%
Havells India Ltd. 7.1 637.6 8,906%
Shriram Transport Finance Co. Ltd. 11.7 757.2 6,372%
Motherson Sumi Systems Ltd. 3.1 197.8 6,362%
Opto Circuits 2.2 107.2 4,748%
NMDC Ltd 4.3 165.1 3,713%
Pantaloon Retail (India) Ltd. 8.6 257.2 2,894%
Kalpataru Power Transmission Ltd. 3.7 94.1 2,456%
Praj Industries Ltd. 2.8 48.0 1,633%
Aban Offshore Ltd. 29.7 377.8 1,174%
Now before we proceed, let me clear one thing:
None of the above stocks were Equitymaster's recommendations.
We are just giving them as examples to show what's possible
with small cap stocks in the long run.
And later on in this letter, I will actually share with you some small
cap stocks that WE recommended, and how well they've done.
But getting back to the original point...
What was the common thing in all these small companies
that set up huge profit windfalls for their investors?
Though not many people knew, all these companies were already leaders in
their own sub-niche or the small area of the industry they operated in.
And thus, they were much better prepared than their peers for managing
explosive growth in the years to come.
So when the demand for their product grew, they were able to provide a
much better service than all of their competitors and quickly established
themselves as the go-to guy in their niche.
And the rest as they say, is history.
It's true! Most of the companies you saw in the table above are pretty
well known in India today. But at one time they were not so well known.
They all started out small, established themselves as the leader in one
main area where their expertise lay, and then diversified into other
areas.
"Equitymaster has made me more and
more richer every year since my
association with them. It has given me
areas.
Imagine how much you would make if you found out all such high-potential
small companies early, and invested in them while they're still in their
infancy?
Given the uncertain nature of small caps, we cannot and should not expect
every small cap stock to be an out-and-out winner.
But we know that small caps are fast movers, and that the movement
quickly shows in their stock price.
So assuming you manage to pick 5 'reliable' small cap stocks, even if
just 3 out of the 5 manage to endure the market uncertainties and turn
multi-baggers, you will be rich!
And that is what our small cap recommendation service, Hidden Treasure,
aims to help you do.
Grab Reliable, High Potential Small Companies
For Ridiculously Low Prices
Did you ever find yourself thinking, "I wish I had invested in Pidilite
while it was still young?" Or even in Titan for that matter?
These were once-unknown-small companies that have grown rapidly in the
last decade to become household names in India today.
But there was no way you could have known that sooner... until now...
Through Hidden Treasure we're providing you opportunities like that
today.
The stocks we reveal through Hidden Treasure are companies that are
either under-researched or not covered by other stock brokers and
research firms.
There's no other authentic source of LONG-TERM recommendations on such
companies. And whatever else is available is biased.
I understand that small caps may not comprise a big portion of your
portfolio. But that doesn't mean you don't need to think about them at
all.
This small part of your portfolio does the KEY job of maximizing your
returns...
That's Why You Need To Be EVEN MORE Careful
In Choosing Your Small Cap Stocks
We launched Hidden Treasure in February 2008
with a view to provide profitable Small Cap
recommendations.
more wealth than my professional
career. Convey my best wishes to all 52
members at Equity Master."
-- Dr C V Ajmera, a Hidden Treasure
Subscriber since 2011
But "profitable" doesn't necessarily mean
300% returns in one week.
We have always said and still say that you
should look at small caps from the long-term
perspective.
The stocks we recommend through Hidden Treasure are strong companies and
we recommend them not because we believe they will flourish in a month or
two, but over a minimum period of 4 to 5 years.
We reveal reliable small companies through Hidden Treasure as and when
they're available at a bargain... giving you the opportunity to snap them
up early and set yourself up for huge gains when these stocks soar.
However, considering the risks that small companies carry, you should
realistically not expect each and every recommendation to be an out and
out winner.
Plus, whenever the market crashes, small caps are the first to bear the
brunt of it.
So these are some things you need to understand and acknowledge when you
invest in small caps.
But despite all these drawbacks, we believe our Hidden Treasure service
has actually done quite well.
Our 6-Year Hidden Treasure experience
It was on 15th February, 2008... i.e. a little over 6 Years back, that we
picked out our first Small Cap Stock.
After much deliberation, in-depth research and testing it across multiple
factors... we found it to be an excellent opportunity.
So we recommended a select group of investors to Buy it, and tracked it
for them over the coming months.
Keeping them updated on its performance. Ensuring that our assumptions
were right and the company was strong on its growth path.
The efforts paid off!
On 12th October, 2008, we sent out an Urgent Email to our subscribers,
asking them to Book their profits!
Our First Small Cap Stock recommendation gave our subscribers an
impressive 87% returns in just 8 Months.
Yes... a stock which we had picked out for an investment period of 3 - 5
years (as we do for all our small cap stocks) gave a big boost to our
confidence, and big returns to our subscribers who invested in it!
So over the year we picked out more....
Our 2008 stock picks gave our subscribers returns like:
Returns Booked Investment Period
250% 2 Years & 1 Month
177% In Just About 2 Years
100% 1 Year 8 Months
217% 3 Years & 11 Months
Past performance does not guarantee future results.
So, over the coming months...
We saw many more smart investors joining our small cap recommendation service and benefitting
from our research.
We saw our research team spending many more hours scrutinizing obscure but fundamentally strong
small caps.
We had teams visiting various cities across the country, meeting various management teams and
picking out even more profitable small cap picks!
And the same good trend continued in 2009 also... despite both these
years witnessing some of the biggest market crashes.
That's right!
So, even from our 2009 picks, we saw exciting returns like:
Returns Booked Investment Period
288% 2 Years & 5 Months
124% Just about 7 Months
Our subscribers were ecstatic! And the Market was exciting.
"Very good unbiased recommendations. All the reports of recommendations are in
depth and very good. Overall when one see the site one can easily understand the
fundamentals of investing. Very useful. The main thing is equitymaster can be trusted.
Overall my experience has been very good."
- Raghunathan Srinivasan, a Hidden Treasure Subscriber since 2010
The year 2010, on the other hand, turned out to be tumultuous for the
entire small cap index. And our subscribers too couldn't escape its
effects.
But starting 2011, we were back to booking consistent profits again...
From our 2011 stock picks, we booked profits like 139% in 7 months, 105% in 13 months, and 82% in
1 year and 2 months! And from the open positions, we are getting double digit returns like 233% and
43%.
Further, from 2012 picks, we have booked returns like 119% in less than 3 months and 160% returns
in around 24 months.
And what about our 2013 picks? Believe it or not, 2013 has seen ALL our Buy Recommendations
giving double-digit returns already! In fact, we have closed position on one of the stocks in just 9
months with 143% returns!
So the service has performed consistently well over time and today, it's
One Of Our Most Popular Services!
With thousands of subscribers and a solid track record... we can
confidently say that our research process works!
"I have been with equitymaster for nearly 20 years - happy to have made a lot of money
- Really investor friendly and independent analysis. Compliments to Research team."
- Dildar Singh, a Hidden Treasure Subscriber since 2012
However, we don't want you to get the wrong picture.
Not all Small cap stocks will jump up too much... too quickly!
But the most important thing is, even if 3 out of every 5 small caps
eventually manage to endure the market uncertainties and turn multi-
baggers, you will be rich!
And that is what we want to help you achieve through our Hidden Treasure
service.
Take a look at some of the returns made by our Hidden Treasure
recommendations:
Stock Recommended Change
eClerx 247% in 5 months
Nitin Fire Protection Ind Ltd. 139% in 7 months
Elgi Equipments Ltd. 250% in 2 Years 1 month
KPIT Cummins Infosystem Ltd. 288% in 2 years & 5 months
V-Guard 123% in less than 3 months
"Equitymaster is comprehensive,
trustworthy, is replete with rich and well-
intended analysis. It may go wrong - but
no malefides only bonafides. Intentions
of serious research are loud and clear
as the church bells. I respect their
analysis with healthy skepticism."
- Bhushan Akerkar, a Hidden
Treasure Subscriber since 2013
V-Guard 123% in less than 3 months
Page Industries 1,811% in 5 years (Not a Sell Yet!)
It's for this reason that Hidden Treasure has been One Of Our MOST
POPULAR services over the last couple of years.
And we want YOU also to be one of the people to benefit from it.
So today, we have got something Extra Special for you. . .
See, the usual price of Hidden Treasure is Rs 5,000 per year.
But for the next few days, you can get Hidden Treasure at More than 60%
Off... or Just Rs 1,950 for a One Year Subscription.
And then, there's also a 30-day, 100% moneyback guarantee on this offer.
So, you can sign up at this price and test-drive Hidden Treasure for a
full 30 days.
If you don't like it, get in touch with us before the 31st day, and we'll
refund the entire fee you paid. That's a promise!
But you must act quickly.
This offer will close soon, and then you will have to pay the FULL price
to sign up for Hidden Treasure.
Here's What All You Get
By Subscribing to Hidden Treasure. . .
Once every month, we will notify you of an
exciting small cap opportunity through our
monthly Hidden Treasure report.
The report we send will tell you why we
think this stock would be a good buy at that
point, and it will also clearly explain the
pros and cons of investing in that company.
As you will know, good reliable small
companies are very scarce and it also takes
a lot of time and research to find them.
Equitymaster analysts have to go through many more hoops to find the few
small cap gems that exist.
And since it's OUR reputation at stake here, we also have to meet with
the managements of different companies and organise trips to various
cities every month to make sure we're accurate in our predictions.
cities every month to make sure we're accurate in our predictions.
All this takes time, and therefore just the one new recommendation per
month.
But in addition, every month we will also publish the Top 5 Small cap
stocks you could buy at that point.
Plus, you also get:
Quarterly results review of all Open Hidden Treasure recommendations
Performance review every month in our report
Why you can trust us to deliver . . .
We've been in this industry for a LONG time. In fact, we were the first
Indian entity in the finance domain to venture onto the Internet.
We've been in this industry for a LONG time. In fact, we were the first
Indian entity in the finance domain to venture onto the Internet.
And now, we have completed over 18 years online.
Today we have over 1,484,807 members from 71 countries worldwide who
trust us!
But at the same time, we are NOT stock brokers. We don't gain anything
even if you buy the stocks we recommend.
However, almost all of our income comes from the fee we charge on our
stock recommendation services. And so it's extremely important to us that
the stocks we recommended make you money.
That's why...
All our recommendations are supported by thorough research - we list
out the reasons to buy and also the investment concerns that we
foresee.
We travel far and wide to meet companies before we put out reports on
them
For each stock, we clearly state the target price and also the time
horizon for achieving the same
And finally, because we meet various companies face to face, ask
tough questions and continuously track our recommendations... we
reduce the risk of a Satyam like situation emerging in stocks that we
recommend.
Here's what one subscriber had to say about our research...
"I am member of Equitymaster since 2008. Time & again they have provided unbiased
reports in all market conditions. Their reports always ensure that we investors take an
informed decision with rationale thinking rather than being swayed away with the
market sentiments."
- Shailesh Mistry, a Hidden Treasure Subscriber since 2011
Another reason why our research turns out to be
accurate more often than not . . .
You see, most investors take the return on stock investment to be the key
yardstick while deciding whether or not to buy a stock.
But legendary investors like Benjamin Graham and Warren Buffett have
always maintained that 'evaluation of risks' should be given as much
importance as 'estimation of returns'.
It is in this direction that our research team has developed the
Equitymaster Risk Matrix
TM
or ERM
TM
which helps quantify the risk attached
to a stock. The ERM
TM
is an integral part of our stock selection process.
Look, we all know that no two large, mid or small cap companies have
exactly the same degree of risk. Even if they operate in the same sector,
their business dynamics, managements and valuations are different.
That's why it is important to evaluate the risk involved in each case
separately.
Now the ERM
TM
is a matrix designed to evaluate the key risks attached to
a business, it financial history and its management. It ranks not just
the company but also the sector in which it operates based on its
relative risk profile.
How the ERM
TM
made and saved
our subscribers money. . .
When markets were at their nervous best in late 2008 and early 2009, our
Buy recommendations on Page Industries, eClerx, and KPIT Cummins were
backed by our confidence in the low risk profile of these companies as
shown by ERM
TM
.
As expected, these stocks went on to multiply our subscribers' wealth
several times.
And it was THIS risk matrix that helped us identify the best stocks to
recommend to our subscribers when several of them were looking
attractive.
It did so by acting as one of the tools used for eliminating the bad
stocks, so that we recommend only the good stocks.
stocks, so that we recommend only the good stocks.
But that's not all...
Again, it is the same ERM
TM
that we rely on to quantify the risks we
believe subscribers need to be cautioned about while recommending a
'Sell'.
"My best wishes to Equitymaster. It is most reliable and trustworthy research House.
As a 10 plus of Subscribers, I have experienced their letters are the Best reported ones
with comprehensive, verified and complete coverage of subjects and companies.
As we all have experienced hundreds of companies disappearing in thin air with the life
time saving of small investor and Government doing nothing to save the Investors
interest, we all should encourage EquityMaster's efforts, so that we become more
informed investor and save our hard earned savings."
- Vinodkumar Maheshwari, a Hidden Treasure Subscriber since 2010
Given the complex operating environment that Indian business are aspiring
to be a part of, we believe the ERM
TM
can offer immense value to
investors seeking to maximize their long term returns by without taking
on too much risk.
But I won't lie to you -
Sometimes we make mistakes too
Like we made a mistake in recommending MIC Electronics in July 2009...
The key reason for our belief in the company was its prominent presence
in the fast growing LED lighting space, where it is a market leader in
India. The company had grown strongly in the past and its balance sheet
also appeared good.
However, despite our good expectations, the company has failed to
capitalise on the growth opportunity. In fact, it lost a major order from
one of its key clients.
Then, we also had some issues with the company's disclosure levels.
Over that, the management's silence on the several issues facing the
company has been deafening.
Given this, we recommended our subscribers to sell the stock, at a loss
of 45% from our recommended price.
And then there were also Ahluwalia Contracts Ltd and Srei Infra Finance
which gave losses of 60% and 71% respectively by the time we gave a SELL.
But what these events have done is that they have made us even more
careful now with respect to our Hidden Treasure recommendations.
So like I said initially, you can't expect every small cap stock you
invest in to be a winner. But even if a few of them succeed in enduring
the ups and downs and turn multi-baggers, you'll make back whatever you
lost in the other stocks... plus a lot more!
Okay?
And here's what else you get by subscribing to Hidden Treasure...
Our special report titled
'Steady Income Smallcaps - II'
Every investor wants to have small caps with large growth potential in
their portfolio.
But what if apart from big returns, these stocks also gave consistent
dividends every year?
Yes! Then you'd be able to grow your money in not one, but 2 different
ways by investing in these stocks.
Well, few months back we identified exactly 3 such dividend-paying small
cap stocks which could do very well in 4-5 years. In fact since then, two
of the three stocks have gone up 18% and 19% already.
But we still believe that the fundamentals of the businesses remain
robust, and if you invest in them at the right price levels going
forward, they can offer you attractive returns along with dividends over
the long term.
Hence it would be a good idea for you to keep tracking these stocks
consistently so you can grab them for less whenever their prices drop.
We have included the full details about these stocks in our special
report titled, "Steady Income Smallcaps - II".
Sign up for Hidden Treasure through this offer, and you get this report
absolutely FREE.
Easy-Access Version of
Equitymaster's Stock Market Yearbook
Every year, we publish the latest and exhaustive data on Top 300
companies. Plus, a wealth of information on over 20 sectors, the Indian
economy, mutual funds... all, in one place.
This invaluable information serves as a ready-reckoner for any smart
investor.
Available in an easy-access installable version and a PDF version as
well, this Yearbook provides the latest data that could help you make
smart investment decisions.
Priced at Rs 750 each, you will get the 2014 Edition right away...
Absolutely Free!
And guess what? The 2014 Yearbook is also an installable version. So you
can install it on your computer just once and get any information you
need at the click of your mouse.
"How to Plan Your Equity Portfolio":
Our Hugely Popular Asset Allocation Guide
Now there is a very important thing you need to know while investing in
stocks... And that is asset allocation.
Asset allocation is the key to having a well diversified portfolio. It is
what protects your investments and ensures their growth irrespective of
the changes in the market.
A well diversified portfolio is one where your stocks are properly spread
out across different market caps and different sectors.
Our extremely popular asset allocation guide will help you understand the
ideal mix of stocks in your portfolio, so that you can minimize your
losses and maximize your small cap returns.
And you can get this guide absolutely FREE when you subscribe to Hidden
Treasure now.
Portfolio Tracker
The Portfolio Tracker is an online utility that helps you track all your
equity and mutual fund investments in one place! It's online, and is
available to you 24 hrs a day.
You just have to enter the details of stocks or mutual funds owned by you
ONCE... and Portfolio Tracker will show you what your entire portfolio is
worth AT THAT MOMENT anytime you log into it.
Furthermore...
You can set your account to send you automatic end-of-week and end-
of-month performance updates for all your portfolios.
You can set up priced based alerts for all the stocks that you own
(and also the stocks that don't own but only wish to track).
Plus, now you can also track your SIPs and get NAV alerts for the
mutual fund schemes with Portfolio Tracker
But what makes the Portfolio Tracker the indispensable tool that it is
are the intelligent reports that come along with it.
You see, we at Equitymaster have spent a considerable amount of time
trying to understand how the fund managers who invest for the long-term
track and review their portfolios.
And it is the relevant learnings from this exercise that we have
translated into reports.
In addition, you can also generate customized intelligent reports for
your stocks or portfolio, to understand how a certain market event could
affect them.
The Portfolio Tracker usually costs Rs 330 for a year. But by subscribing
to Hidden Treasure, you get it absolutely FREE.
Free subscription to
The Daily Reckoning . . .
Now you can read what knowledgeable investors across the globe read every
single day for global market analysis and investment ideas.
Yes, we are delighted to bring you 'The Daily Reckoning', a daily
financial e-column by Bill Bonner, Publisher and Editor, and three-time
New York Times best-selling author.
The Daily Reckoning is published every day in 3 languages from offices in
6 countries - US, UK, Australia, France, Germany, South Africa.
Now, it's India's turn... and your turn to get it for FREE!
If you're someone who's interested in investing in or even monitoring in
the global markets, you'll find the Daily Reckoning extremely useful.
And last but not the least...
The Equitymaster Research Digest
In case you're wondering how you're going to keep track of ALL the
research we publish through Hidden Treasure...
You'll be glad to know that we now release a weekly email titled "The
Equitymaster Research Digest" which gives you a roundup of all the
research published under different services relevant to you during the
week.
Yes! This is a new feature started by Equitymaster and has been
appreciated greatly by subscribers like yourself.
Here's what some subscribers had to say about it...
"The Weekly Digest started by you is very appreciating as it helps investors like me to
understand things easily (thanks a lot to the simple & lucid language being used). I
hope you come out with more such stuff."
hope you come out with more such stuff."
- Hemen Shah, an Equitymaster Subscriber
"Some people are throwing their money in the 'Equity Market' without knowing the real
status of the companies and later they will feel sorry for that.
I honestly appreciate "The Equity Master Research Digest" and I feel that people who
are watching this 'weekly digest' will surely have immense benefit out of it."
- S. Sridharan, an Equitymaster Subscriber
So you'll never have to worry about keeping track of or missing any
important research from Hidden Treasure or any of our other services
you're subscribed to.
You can just click on a link in your email, and get the full information
whenever you want.
And You Can Get All This At More Than 60% Off. . .
For Just Rs 1,950!
A year's subscription to Hidden Treasure usually costs Rs 5,000.
But if you act now, we will give you your Hidden Treasure
subscription for Rs 1,950 only... That is a More than 60% Off on
the normal price!
Seriously, this is way less than what you spend on all the phone calls to
your broker, the money you pay to watch the noise on your television, and
all the newspapers and magazines you buy hoping to find good investment
opportunities.
And none of these other things can provide you unbiased and reliable
small cap recommendations like Hidden Treasure. With a subscription to
Hidden Treasure, you can be rest assured that whenever we come across
little known, high potential small companies, we will notify you of them
right away.
Here's what two of our subscribers had to say about Hidden Treasure...
"Your Hidden Treasure is a beacon of light in these troubled times. I am happy I took
the right choice."
-- P. S. Sathyamurthy, a Hidden Treasure subscriber since 2008
"I have been investing in the market since the last 5 years and have been a lifetime
member of Equitymaster since the last three years. I have found their advice to be quite
unbiased. One good thing about them is that they are constantly trying to bring in new
unbiased. One good thing about them is that they are constantly trying to bring in new
services via research and analysis which is helping me to get an objective view on the
market. I hope that they bring about more expertise in the mutual fund market also. I
trust them because they have the transparency to go back and review the performance
of their recommendations."
-- Prashanth Nair, a Hidden Treasure Subscriber since 2011
But be warned:
Hidden Treasure is not for everybody!
For instance, if you're nearing retirement or have already retired, I
don't recommend putting all of your retirement money into small caps.
Small caps are for those who are ready to take some risk to make big
returns.
While you can make a lot of money from small caps, you can also lose a
lot of it very quickly.
Just one good small cap stock could be enough to make you very rich. But
to find that one small cap stock, you might have to go through a few duds
as well.
Therefore every small cap investor needs to understand this and plan his
or her small cap investments wisely.
And that's what Hidden Treasure can help you with!
So to summarize, here's all you get by signing up to Hidden Treasure now...
Hidden Treasure for just Rs 1,950 (Normal price = Rs 5,000 for 1 year)
12 well researched and High Potential Small Cap Buy/Buy-at-a-Lower-
Price recommendations over the year!
Quarterly results reviews of these recommendations
Steady Income Smallcaps - II: Our Special Report on 3 dividend-
paying, high potential small cap stocks
Equitymaster's easy-access Installable Stock Market Yearbook 2014
edition. Worth Rs 750, this is invaluable data on top 300 companies of India.
Our Hugely Popular Asset Allocation Guide Free
Free Performance review every quarter
Free access to our "Intelligent" Portfolio Tracker worth Rs 330 per year
Free Subscription to The Daily Reckoning
"I have made my money by following
Equitymaster."
- Mohammed Yahyabhoy, a Hidden
Treasure Subscriber since 2010
Again, you get all this at ZERO risk . . .
We had sent out a recommendation to invest
in a particular small cap stock on 15th
January 2009.
Today, this same stock stands at a profit of
1,811% in a little over 5 Years.
In other words, if you had invested just Rs 10,000 in this stock when we
recommended it, your investment would be worth Rs 191,100 today!
This is the money-making potential of small caps!
So the price of Hidden Treasure should not be an issue anymore. And like
I already said, you can try Hidden Treasure without any risk for a full
30 days.
If it turns out that you don't like it, just let us know before the 31st
day and we'll refund the entire fee you paid. No questions asked!
And, we'll also let you keep the Special report on 3 dividend-paying
small caps as a thank-you gift from Equitymaster for trying Hidden
Treasure.
Sounds good?
In any case, I suggest you act fast because...
a. The volume of small cap shares traded is usually very low, so getting
in early can make a difference. By subscribing to Hidden Treasure
now, you get that advantage.
b. Through this offer you can get 1 Year of Hidden Treasure for just Rs
1,950 instead of the usual Rs 5,000... which will be the case till
for the next few days only.
So don't squander this opportunity...
This offer will close soon.
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Regards,

Rahul Goel
CEO, Equitymaster
P.S.: You can now get a year of Hidden Treasure for just Rs 1,950 (Normal
Follow Us:
P.S.: You can now get a year of Hidden Treasure for just Rs 1,950 (Normal
price = Rs 5,000 for 1 year). And in addition, a Special report notifying
you of 3 dividend-paying high potential small cap stocks. So I suggest
you seize this opportunity with both hands... while it's still open!
P.P.S.: There's a 30-day money back guarantee on this offer. So if it
turns out that you don't like Hidden Treasure, we'll gladly give back
every rupee you paid.
But this offer will be available for a few days only!
P.P.P.S.:Here's what one Equitymaster subscriber has to say about his
experiences with investing BEFORE and AFTER subscribing to Equitymaster
premium research services...
"Though I am in the markets since last many years as investor and no doubt money
can easily be made during good times, I realise the importance of a good partner during
bad times, such as the current phase. I fully trust Equitymaster's Wealth Alliance's
impartial & conservative views during all phases/cycles of the market and they can be
fully relied for a fruitful hand holding not only during the current bad phase but
throughout. I respect them for their impartial and unbiased views."
- Surendra Pai Vernekar, a Hidden Treasure Subscriber since 2012
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at +91-22-61434055 or Write in to us. We will be delighted to assist you!
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* Adjusted share prices have been used for Shriram Transport Finance
**Returns have been calculated as on 5th May, 2014 or the date of sell recommendation, whichever is applicable.
***The total number of Equitymaster members is taken as on as on 14th August, 2012
****Past performance has no bearing on future performance.
Equitymaster Agora Research Private Limited.
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Investing in Indian small cap stocks for extraordinary returns

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7/14/14 Investing in Indian Stock Markets - The 5 Minute WrapUp - Equitymaster.

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