Dr Vijay Malik’s Recommended Stocks – 1 Year Subscription

Description

Over time, we have received multiple feedback and questions from investors, such as:

• Can we tell them our reasons for buying or selling any stock?
• Can we inform them which stocks are in the buying range?

“Recommended Stocks” answers such questions as these stocks have buy/hold/sell recommendations and a crisp investment rationale, which will be updated whenever we change our views about any stock.

What a subscriber will get in this service:

• A curated list of fundamentally strong companies that, in our assessment, have the potential to create long-term wealth for shareholders. Each recommendation is accompanied by a clear and concise investment rationale explaining the basis of our view.
• Each stock is categorised as:
  • Buy: where we believe that the stock presents a favourable risk-reward opportunity at the current price, with a reasonable margin of safety for long-term investors.
  • Hold: where we believe that the stock price has risen above comfortable valuation levels. Existing investors may continue to hold the stock; however, fresh buying at current levels may not provide an adequate margin of safety. Therefore, new investors may consider waiting for better valuation levels before investing.
  • Sell: where we believe that the investment thesis has weakened, primarily due to deterioration in business fundamentals and/or loss of confidence. Investors may consider exiting the stock. In rare cases, this view may also arise due to excessive valuation.
  • Under Review: where a significant development has occurred, and we are reassessing the investment thesis. During this period, investors may avoid taking fresh positions until further clarity emerges.
• A monthly email providing commentary on the market environment from a long-term investing perspective, especially where developments may influence our overall views.
  • To help subscribers understand the nature, tone, and format of such communication, an illustrative past letter is shared for reference. Please note that the content, length, and depth of monthly emails may vary depending on market developments and whether any change in views is warranted. You may read one such illustrative letter here: Our Investing Philosophy, Interest Rates and Inflation (July 2022)
  • Subscribers will have access to all previous monthly letters, providing historical context to our thinking.
• Continuous monitoring of all stocks covered under the service. Whenever our views on any stock change materially, whether positively or negatively, we will update the recommendation and communicate the change to all subscribers simultaneously.
• Until any such change is communicated, the most recent published recommendation and rationale represent our current view at prevailing market prices.

What this service is designed not to provide:

The following aspects are intentionally structured to ensure clarity, fairness, consistency, and equal access to information for all subscribers:

• The service does not provide lengthy or voluminous research reports. The short investment rationale and subsequent updates published on the “Recommended Stocks” page constitute the complete research output for this service.
• No target prices or return expectations are provided. Our investment approach is based on a very long-term horizon, spanning decades and multiple business and market cycles, rather than short-term price movements or near-term performance. Fundamentally strong businesses, when held patiently, have the potential to create meaningful wealth for shareholders.
• Regular quarterly, annual or event-based updates are not issued unless a development leads to a change in our fundamental view. Many such events may not materially affect long-term business quality. This approach ensures updates are meaningful and avoids unnecessary repetition.
• Recommendations are updated based on our internal monitoring and research process. While subscribers are welcome to highlight developments they believe may be relevant, any resulting update, if warranted, will be released simultaneously to all subscribers. This ensures equal access to information.
• This is a one-to-many research service, where all updates are communicated simultaneously and uniformly to all subscribers.
  • To maintain fairness and avoid selective disclosure, we do not engage in one-to-one discussions or personalised correspondence on individual stock recommendations because individual responses could inadvertently provide preferential information.
  • To ensure fairness and equal access, all updates and clarifications, when necessary, are communicated to all subscribers simultaneously.
• No advice on portfolio allocation, position sizing, minimum investment, or suitability assessment. These decisions are personal and are the responsibility of the subscriber and may be taken with the assistance of any registered investment adviser, if desired.

Instructions to subscribers:

• Access to this premium service is strictly for the subscriber’s personal use only and must not be shared with others.
• It is a subscription service. Access to “Recommended Stocks” will expire after the subscription period is over unless a renewal is done.
• Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Know Your Customer (KYC)

You will need to upload your PAN card for KYC compliance as required by the Securities and Exchange Board of India (SEBI) and the Government of India.

We’ll use your PAN card to download your KYC details from the Central KYC Registry (CKYC)/KYC Registering Agencies (KRAs), and we will have to share this information with regulators if they ask for it.

Frequently Asked Questions

Q: How many stocks are currently on the “Recommended Stocks” list?

As of 24 June 2026, 10 stocks are on the list; the number and recommendations may change over time. The latest information about the number of stocks and recommendations is available only to subscribers.

 

Q: Do you advise any minimum capital for investment in “Recommended Stocks”?

We do not provide guidance on minimum investment amounts. Each investor should decide based on their own financial circumstances.

 

Q: How often do you add new stocks or remove existing stocks from the recommended stocks list?

Adding new stocks: We follow a very stringent stock-selection process. Only when a stock clears our parameters then we add it to the recommended list. My experience shows that I usually add one new stock in a year. This is the pattern for the last many years. However, it may or may not stay the same in the future.

Nevertheless, as the stock prices are very volatile, buying opportunities keep arising within the existing stocks in the recommended stocks’ list. Existing stocks keep moving from hold to buy recommendation and vice versa.

We will monitor the stocks continuously and update the recommendation whenever our views about the stocks change.

Selling existing stocks: We follow a very long-term investment horizon, which extends into decades. Therefore, we keep very strict stock selection criteria. As a result, for most of the stocks we select, we do not need to sell them, and the stocks will continue to be in the recommended stocks until they remain fundamentally good. Only when a stock loses our confidence then we remove it from the list. Our experience indicates that we may remove a stock every 2-3 years; however, it may or may not stay the same in the future.

 

Q: Do you prefer any sector or market capitalisation segment etc., while making stock recommendations?

The “Recommended Stocks” list is a mix of large, mid and small-cap stocks, as per the SEBI-directed classification of market capitalisation of stocks published by AMFI (click here). We do not intentionally focus on any particular market cap segment.

We prefer to find stocks that show growth opportunities with good profit margins while maintaining a strong balance sheet. In this process, we do not differentiate stocks based on any market cap. Whenever we find any good stock meeting our stringent selection process, we add it to the recommended list, irrespective of its market cap.

We follow a bottom-up approach to stock selection. Therefore, we do not prefer any sector when we make a stock selection.

 

Q. How much return do you expect to make from “Recommended Stocks” in future? Do you provide a target price for stocks?

We do not keep any return expectations or a target price. This is due to the following reasons:

1. When good stocks rise on recognition by the markets, then there is no limit to the extent they may rise.
2. At the same time, stocks have the habit of not responding even to good business performance for years altogether.
3. On the contrary, stock prices are volatile and frequently decline as well; for example, during the Coronavirus-related meltdown (Feb-March 2020), global financial meltdown (Jan 2008 – March 2009) etc., when a decline in stock markets took away returns of many of the preceding years. Therefore, an investor must understand that stock market investments are risky and that any return on investment is not certain.

So, we choose to invest in stocks, which we feel are fundamentally good and stay invested in them without any return expectations.

 

Q. Does this service display historical returns or performance metrics?

Under SEBI regulations, public disclosure of past performance is allowed only if verified by a SEBI-recognised Past Risk and Return Verification Agency (PaRRVA). Based on an evaluation of the currently prescribed PaRRVA methodology and its suitability with our long-term, fundamentals-driven research approach, we do not display historical performance metrics publicly, as doing so could present performance information in a manner that may be incomplete or open to misinterpretation in the context of long-term investing.

Subscribers are encouraged to evaluate the service based on:

• Investment philosophy and stock selection framework
• Risk awareness and governance focus
• Suitability with their own long-term investing approach