Kellton Tech Solutions Limited

 

Kellton Tech is listed on India’s largest stock exchange BSE and NSE and is ISO 9001:2015 and CMMI Level 5 certified. They’ve offices in Asia, North America and Europe.

Kellton Tech was established in 2009 when an ambitious new management team took over what was already a leading technology company. They quickly began an aggressive acquisition and expansion program. Their vision would see Kellton Tech become one of the global leaders in digital transformation within a decade.

BullishMomentum & Kellton Tech 

This multibagger in making, technological gem was identified by us just in time for our members before the world could take note of it and was ready to price it fair. We recommended it to our members on 6th December 2021, when the stock was trading at 53.75/-

While the company's fundamentals are quite decent, and it is fast growing tech company, it is the beautiful technical setup which made BullishMomentum take a note of it. 

On 21st January 2022 the stock touched a high of 135 delivering 1.5x returns in 34 trading sessions for our members. Our members have taken out capital invested along with some profits too and now holding only free shares for long term in pursuit of further growth and returns. Lets have a look at weekly chart.

If you are looking for multibagger stock ideas for long term wealth creation, do get in touch with us and write to us.

Milestones - 

2010

Kellton acquires Tekriti Software, a leading web development company based out of India that focuses on web 2.0, social software and E-commerce solutions.
2011
Kellton acquires MCS Global, a leading American IT solutions company headquartered in New Jersey, USA. 
2012
Kellton continues its acquisition drive by acquiring Dbydx Software, a significant presence in outsourced software development.
2013
Nielsen chooses Kellton as their technology partners for SAP ECC 6.0 roll-outs and upgrades in 25 MENAP and Sub-Saharan countries of Africa. 
Kellton acquires SupremeSoft Global Inc., a US-based IT consulting company. This acquisition will help the company expand into the IT services' industry. 
2014
Kellton is recognized as a proud Drupal Technology Supporter Partner. 
Kellton also acquires eVantage Technologies, Inc., a leading IT solutions company headquartered in New Jersey, USA. 
Kellton is named one of the “20 Most Promising Travel & Hospitality Solution Provider's for 2014” by CIO Review. 
Kellton acquires US-based VIVOS Professional Services, LLC. which was founded in 1999 and grew into a multifaceted organization.
Kellton is ranked 21st in Deloitte Technology Fast 50 India 2014 due to its substantial revenue growth of 242% in the previous three years.
2015
Kellton acquires US-based Prosoft Group, a leading enterprise solutions and business integration provider, thus enhancing their WSMAC IoT capabilities. 
2016
Kellton acquires US-based Bokanyi Consulting, a leading organization serving in enterprise, cloud and analytics space. 
Kellton wins National Awards in IT Excellence for “Emerging IT Company of the Year” and “Best e-governance Implementation” 
Kellton announces its listing on the National Stock Exchange of India Ltd (NSE). 
Kellton wins in the ‘Digital Innovations in Service Provider Industry’ category at The Digitizing India Awards, a Cisco initiative in collaboration with CNBC-TV18. 
Clutch recognizes Kellton as one of the leading IT services firms in India, based on proven experience, client satisfaction and market presence. 
Kellton is ranked 19th in Deloitte Technology Fast 50 India 2016 award due to its substantial revenue growth.
 
Kellton is ranked 193rd at Deloitte Technology Fast 500 APAC 2016 based on the average revenue growth this year.
2017
Kellton acquires Lenmar Group, thus strengthening its position in Banking, Financial Services and Insurance (BFSI). 
The CEO Magazine names Kellton as one of the best digital transformation services company to work for in its May 2017 Special Edition. 
Forbes Asia names Kellton as one of its ‘Best Under a Billion’ of the top 200 publicly-traded companies. 
Kellton gains CMMi Level 5 Certification
Kellton is ranked 23rd Fastest Growing Technology Company on the Deloitte Technology Fast50 India 2017 list.
Kellton acquires US-headquartered PlanetPro, which provides Salesforce.com, analytics and custom program services to leading enterprise clients

SastaSundar Ventures Ltd

 

No! today we are not going to tell you the story of online pharmacy SastaSundar Ventures Ltd, how and why it caught the fancy of market participants and how the stock has doubled and tripled in such a short time.

We are going to tell you the advantage of technical analysis, momentum investing and yes, how important it is to focus on volumes. 

If you given enough weightage on volume, in your analysis, it can save you months of waiting which the fundamental analysts are so used to of. 

Pick up your trade from cues that volumes are giving you, and double your money in the shortest possible time. We are talking in probability here, we always do. Nothing in this market is sure or given!

Enough talking! lets straightly move to the chart -

19th April 2021 we picked up SastaSundar in BullishMomentum channel at INR 131.3/- The stock was breaking out of a flat range, which it had done multiple times only to pull back and slump into painful consolidations which lasted for months.

That day we did not even wait for closing or follow up the next day. What was different this time?

• Huge volumes were building up even with smallest of price advance, This was missing in all the previous small advances which later resulted in painful consolidation.
• All momentum indicators be it RSI or MACD were giving strong buy signal

The bet worked so well for our members, as per today's closing price is 359 which is 174% returns in just 81 days. 

 

IIFL Holdings - Technicals

IIFL holding was the first stock to double for BullishMomentum members. The chart had everything going for it, nice consolidation, price and volume contraction, volume build up near the breakout.

We will be posting such clean technical setups shared with and traded by our members. This was first of many more such upcoming posts. Stay tuned!

Happyness Is In The Mind - #HAPPSTMINDS

About Happiest Minds

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. 

We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc. Positioned as ‘Born Digital . Born Agile’, our capabilities span digital solutions, infrastructure, product engineering and security. 

We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail and travel/transportation/hospitality.

Why BullishMomentum likes Happiest Minds

Well lets spare you the stories and all value jargons, the company has amazing financial ratios, client base, gross margins, when compared with IT biggies considering it's market cap. You can read a lot about this company's unique business model, margins, value proposition . However that's not what we liked about it. 

Happiest Minds is a smaller company that does the same thing as MindTree and L&T Infotech — but clearly it is doing it a lot better | Business Insider India

What's unique about this company is it's promotor and chairmen Mr. Ashok Soota

Ashok Soota is an Indian IT entrepreneur who served for more than 30 years in the IT industry. He is a serial entrepreneur and the executive chairman and co-founder of Happiest Minds Technologies.

He served as President of Wipro Infotech from 1984 to 1999. Under his watch, Wipro's IT business grew from US$2 million in 1984 to a US$500 million run-rate in 1999.

Soota co-founded Mindtree in 1999 which has currently a revenue of US$1 Billion, has an approximate of 20212 employees, and offices across the Americas, Europe and Asia.

In 2011, Soota co-founded Happiest Minds Technologies, with its headquarters in Bangalore, India.

Technical Setup & Risk Reward

Let's talk about momentum.

Happiest Minds was recommended to our members on 18th December 2021 and they were suggested to buy even more when the stock went down due to weak markets. The stock remained in accumulation zone before breaking out huge. 

Please note our specialty is beautiful risk reward, we believe in maximizing rewards with minimum possible risk. The stock is still held closely as our portfolio stock for long term and we see multifold returns from this in years to come.

In our blog previously we had covered Matrimony at the price of 639/- (recommended to members at 395/-) the stock has made an high of 969.90 till now and CMP is 812 which is double from our recommended price.

We had also discussed Saregama India in this blog at the price of 503/- (recommended to members at 295/-) the stock has made an high of 1098 till now and CMP is 1035/- which is more than 3 times of our recommended price.

Hope you like our third multibagger recommendation on this blog! 

Please follow us on Twitter BullishMomentum for stock recommendations and market updates.

You can write to us for inquiries, suggestions or feedback! 

Risk Management - Not Just About Stop Loss

 

Risk Management 

In our previous posts, we have deliberated enough on managing risk. How profits may or may not be part of your trade as profits are outcome of probability, but risk is constant part of trade, throughout its life. As long as trade is active, risk is active too.

Managing risk is not just about placing stop loss on your trade! The trade size is equally important and plays a important role. How many times it had happened in your trading career, that you placed most of your bets on one trade which you considered high conviction trade, however once in the trade with proper stop loss and trade plan, eventually it did not work and you lost? How many times did you consider a trade not so convincing, accordingly you bet very small amount on it and the trade goes on to become high performer?

In both the above hypothetical situations, the conviction / gut feeling / emotions of the trader were not respected or considered by the market. In both the cases trader managed his risk by placing stop loss, however he lost big, very very big in high conviction trade of his, earned very small profits in low conviction trade.  

Some will say "Big Deal! trading is game of probability and conviction, you win some, you loose some. Deal with it!" We fully agree, since trading is all about probability and most of the time you have 50% chance of being in correct trade, prudent risk management requires you to not loose big or win small for your own survival. If this is not followed, your trading account will vanish quicker than you imagined.

Position Sizing

As now we know, variation in position size leads to increased losses or decreased profits, how about leaving the conviction / gut feeling / emotion part too for markets to decide? This requires that every trade of your starts with same position size and the same initial risk.

As soon as the trade moves strongly in profits, you add to your initial position and add more quantity. It is important to make sure that your follow up buys are smaller than the initial buy otherwise your average entry price too will increase and also the initial risk. While increasing the quantity you have to provide your trade enough room to pull back or consolidate, even when managing your initial risk.

How to Go about it?

Above chart is of VST Tillers Tractors Ltd, one of the star performer trade of  BullishMomentum. The image explains how you can build on your winning trades. It is like rewarding your winning trade with additional quantity, while managing the initial risk all the time. One has to keep delicate balance while increasing the position size so as to ensure lower average cost. Each addition should be on high volume days or on pull backs to moving average as per your trading setup.

Wealth Creation

If you approach every trade this way, you will ensure, that every loosing trade stays small while winning trades gets bigger. What's important is to not get carried away while increasing the position size and not increase the initial risk. You should keep moving your stop loss to breakeven. It will be foolish to let a big winner turn into looser.

Hope you enjoy reading our blog and posts, please feel free to share your feedback with us. See you soon!

The Futility Of Timing The Market

Timing the market is nothing, but moving in and out of various asset classes based on well prediction or at times assumption, hunch or gut feeling. Well lets give it some respect and call it predictive analysis for the time being. 

Why give it respect? Well because most popular belief to profit from market is - Buy low and sell high. Simple isn't it? Great! now let me ask you this. How low is good enough to buy and how high is good enough to sell?

Now in your mind go through all your remarkable trades that you can remember and notice how many of them were bought at the lowest and sold at highest if your are a bull and vice versa if you are a bear.

I don't know you, but I can guarantee you not many! Irrespective of whatever tool of predictive analysis you used - simple ones like - Moving Average, Support / Resistance, RSI, ADX, MACD or complex ones like - Gann / Elliot Wave/ Neo Wave, Fibonacci and anything else you may have in your arsenal.

On the contrary, you would have lost the major part of rally by trying to time the market. Either you would have exited the trade too early or entered too late. 

Prediction be it logical - whatever method gann/ew/nw/divergance/asset-correlation etc. to ultimate madness or illogical hunch / gut Feeling / just bored has not done any good to a trader / investor, NEVER!

Think about it honey - 

• Did the whatsapp forward about jobless people due to Covid-19 flocking the stock market and surge of new demat accounts opened make you any money? 
  
  
• Did your favorite analyst's chart warning you of nifty top using EW - ABC or trend line or Fib extension or Gann made you any money? Sorry but had to ask you this, did 6000 come?
  
  
• Did your economist's advice of selling any and every asset class and come to cash due to prediction of economic disaster that too global and no recovery to be possible for decades at minimum made you any money?
  
  
• Did your own hunch of things or gut feeling which made you decide to be on the sidelines made you any money? 

Well I know the answer of all the above questions for all of us! Not only you made no money, you even lost much more trying to predict the market, by selling every predicted top or getting out of your very profitable trade due to such warning.

Weather you were on sidelines or you exited early all you can do now is watch the all time highs being made in pharma / IT and Agri stocks. It is difficult to make an entry in them at these levels even for seasoned traders.

If you think you have learnt your lessens and will not miss any future opportunity provided by the Market to buy, let me predict it for you - YOU WILL MISS! Please don't get offended, but its obvious because you are still trying to TIME THE MARKET! 

You will be presented with same question - How much low is low enough for you to buy? The twitter predictors and pandits of various methods of predictive analysis will come up again with target of 6000 or lower!

I have already seen them blowing their trumpet on 0.5% correction in financials since expiry and retweeting how they have saved your 100 bucks by being the first to announce "LONGS BE CAREFUL from here on" Tight SL they say isn't it?

Great Enjoy have fun / adventure anything and everything but money? what about it? What are you for in Market? 

In comparison with these pandits, BullishMomentum is not at all intellectual / knows nothing about Gann / EW - 123/abc or neo wave, We just can't predict the time when target of it's own stocks will be achieved, in fact don't even know if the target will be achieved or not. 

We just follow price foolishly, make money on net portfolio basis, not on each stock and sleep peacefully. The day price turns bearish, we bow out and wait for our time.

Discl: We have nothing at all against any form or method of predictive analysis. In fact we have no capabilities to even understand them! 

If you like the post, please leave us a line or two, if you hate the post, please leave us a paragraph or two, we will be waiting! Just write to us!

Matrimony - Beyond Matchmaking

BullishMomentum & Matrimony

Everybody knows marriage is a huge business worldwide, In India, it is highly unorganized $55 billion marriage service industry. For most it is once in lifetime experience and no one wants to leave any stone un-turned to make it the most special and memorable.

BullishMomentum was looking for stocks with potential to survive and even thrive the Covid-19 pandemic and that is when it stumbled upon Matrimony stock. The unorganized players had shut shop due to pandemic and lock down, while organized players were making the most of it by providing most of their services online and matchmaking via video conferencing

The stock prices were rising consistently on extreme low volume, indicating accumulation by known and capable market players. Finally we made an entry at a price of 395/- on 30th June 2020 when after the price gave big move post small ranged move. The stop loss given was 357/-, the risk of 38/- or 10%

However if making money in market was so easy, everybody would have done it. As with most entries - the price retraced almost all its' advance same day and closed below our purchase. Next day again the same story - huge price advance till 440 and closing below our purchase price. The stock kept trading in contracted price range for next 14 trading session and closing below our purchase price almost all day.

This made most market players impatient, using intra day price advance to offload the stock at no loss, almost at cost or minor gains. These players did not know what is about to hit them, they lost an opportunity to make 60% profits on their holding due to their impatience. The expected breakout finally happened on 21st July 2020 and the same sustained. As seen in below chart the stock made a high of 639/- on 24th July 2020. 

Market takes most of the time in deciding if to go or not to the destination, however the journey to destination takes no time at all via - you blink and miss type of fast and furious movement. It took three days for the stock to move 60% and 14 days to decide the range of move.

 

Power of Patience

BharatMatrimony, India's leading provider of online matchmaking services delivers matchmaking services to users in India and the Indian diaspora through its websites, mobile sites and mobile apps complemented by on-the-ground network of 140 retail centres in India. 

It has been ranked as India's most trusted online matrimony brand by The Brand Trust Report India Study 2014 (a study covering 20,000 brands across 16 cities). BharatMatrimony.com comprises a network of 15 regional portals. 

BharatMatrimony has been featured in the Limca Book of Records for "most number of documented marriages online". 

Marriage Services

BharatMatrimony goes beyond matchmaking services by providing other matrimony related services.

MatrimonyMandaps

A wedding venue discovery platform that connects to over best 500 mandapams & banquets across Tamil Nadu.

MatrimonyBazaar

Offers the best wedding vendors and amazing discounts from 500 wedding brands and services.

MatrimonyPhotography

Professional wedding photography and videography services.

Happy Marriages^TM

Happy Marriages

Guidance for newly weds towards a happy marriage

matrimony.com

Launched in 2001, Matrimony.com is a pioneer in online matchmaking and marriage services. Powered by over 3,500 employees at 150 branches across India, its flagship brand, BharatMatrimony, has 15 language based domains under its umbrella.

Serving Indians worldwide, the company pioneered many new services such as EliteMatrimony, CommunityMatrimony, MatrimonyPhotography, MatrimonyBazaar and MatrimonyMandaps. CommunityMatrimony.com is a conglomerate of over 300 community oriented portals.