This does not constitute investment advice. Returns mentioned herein are in no way a guarantee or promise of future returns.
Stock market investments are subject to market risks.
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Dear Reader,

Do you find yourself checking out Sensex Streamer every second minute?

Or scrutinizing the investment advisories on various online websites for that elusive multibagger?

Do you find yourself rifting through financial newspapers, trying to stay ahead of the market?

Or glued to the television at night to see what will happen to your investments the next day?


If you've answered Yes to any of the above questions, we have a solution for you...

You see market movements are real tough to track.

Gone are the days when a market movement was an outcome of a major policy change or economic alteration.

Nowadays, every second day we hear of the market having jumped X hundred points or dipped by Y hundred points.

I would completely agree with you if you say that Investing in such a fluctuating market and beating it to earn double and triple digit returns is next to impossible!

So, what's the solution?

Is there an investment option that is more likely to multiply your investments irrespective of the way the market turns?

Yes there is.

See, there are certain industries which are bound to prosper irrespective of what happens to the economy.

Industries which form the backbone of our society and whose products will be in demand come what may.

The only criteria they need to meet to become profitable investments are strong business models and an intelligent top management.

And once you find out such strong businesses that have not only managed through rough waters in the past but are also smart enough to adapt to new changes faster and more efficiently...

You have a winner on your hands!

And we call the stocks of such companies, 'Recession Proof Stocks'.

Because, if the economy booms, these stocks are bound to rise and if the economy dips, these stocks could still come out as Winners!

And the icing on the cake is when we find such 'Recession Proof Stocks' among small cap companies!

The reason it is even more exciting when we find Small Cap companies that meet this criteria is because we both know that Small Caps have the highest potential for growth.

And if you invest in early, these investments could multiply multiple times over the years.

Today, we have...

3 'Recession Proof' stocks that could multiply
Irrespective of what happens in the stock market

And, I would like to give this information to you Absolutely Free of Cost!

Sounds unbelievable... right?

But I must confess that I have my reasons behind it...

I'll tell you all about why we are doing this and why I feel that this could be the...

Most Profitable Investment You'll Make in 2012...

But before I come to all that, I need to introduce myself and share why I am extremely excited about this opportunity!

Hi, my name is Rahul Goel and I head the team here at Equitymaster.

Equitymaster, as you may know, is the first financial website of India and we've been guiding smart investors make smarter market moves for over 16 years now.

Currently, we have 907,500 from across 65 countries worldwide join us in our crusade towards Smarter and Profitable investments.

We are a research house that has purposefully stayed away from the brokerage business because this enables us to give our recommendations without any bias and completely fearlessly.

In the past, we've helped our subscribers find out many Multibaggers from the stock market.

Here's Our Report Card of Multibaggers.
And What You Could've Earned!

» If you had invested in MultiBagger #1 when we recommended it, you could've made 288% in 29 months before we gave a Sell on it.
» If you had invested in MultiBagger # 2 on our recommendation, you could've made 254% in 41 months and we haven't given a Sell on this yet!
» If you had invested in MultiBagger #3 when we recommended it, you would be sitting on 418% returns in about 40 months. And we haven't given a Sell on this one either!
And now, here are a couple of really Unbelievable Performers that even surpassed our expectations...

» If you had invested in MultiBagger # 4 on our recommended date, you could've made 775 % in just 38 months! And it's not a Sell yet!
» Multibagger # 5 is a recent recommendation from December 2011 that could've given you 73% returns in less than 2 months! And we've given a partial Sell on this one.
» And our Multibagger # 6... Had you invested in this one when we recommended it, you would've earned 247 % in 5 months.
Now, I can go on giving you examples after examples of how we've helped our subscribers multiply their investments, but I think it's best that you hear it straight from them.

Here's what our subscribers have to say about their experience with us...

"Your Hidden Treasure is a beacon of light in these troubled times. I am happy I took the right choice."

-- P. S. Sathyamurthy, subscriber since 2008


"First of all I would like to appreciate the stock selection mechanism of Equitymaster. I am a subscriber of Equitymaster since 2009. Also enjoying handsome returns since then. I made this decision of joining Equitymaster in one of the tough phases in my life and fully got paid for the right decision. I am happy investor and proud to be associated with Equitymaster. I encourage the Mid community of retail investors to join such an advisory services to be active participants in Indian Stock Markets and NOT to run after quick money."

-- Pankaj Deshkar, a Hidden Treasure Subscriber since 2009

After That Glimpse Into Our Past,
Let's Take a Look at the Present Opportunity

Yes, let's get to know the 3 'recession proof' stocks I mentioned about earlier.

Recession Proof Stock # 1
Though I hope that we all live a long and healthy life but the fact is that, come what may, we all will need medical attention sometime or the other in the future.

This brings us to our first stock... A gem of a healthcare company from north India.

Now, we both know about the enormous opportunity that is unfolding in the Indian healthcare sector and this company is directly linked to its overall growth.

However, what really gets us excited about this company is the way they run their business.

This company started more than 15 years back and today boasts of...

» An envious portfolio of medical products
» A US FDA approved plant
» One of the biggest Indian exporters for some of its products.
» Strong and Able management
Add to that the fact that the company's growth rate has literally started galloping in the past 5-7 years, and we knew we had to recommend this to our subscribers at the earliest.

By the way, as a part of our research process, we even went down to their plant and met its management to ensure that the business is in the right hands.

And now, we strongly believe that this stock could turn out to be a Hidden Gem.

Recession Proof Stock # 2
The second 'Recession Proof' stock is from a company whose product we all own, or at least may have owned in the past. It is also one of the most popular brands in its sector and has been growing by leaps and bounds over the last few years.

It's one business that'll see a demand for its products as long as we wear clothes... thus a definite "recession-proof" stock.

But demand is not the only factor!

The next question is how well is the business equipped to handle the demand?

Allow me to shed some light on this aspect.

» 8 plants in the country
» Over 10,000 employees
» Pan-India distribution network
» Its products being sold in over 1,000 cities
» And it's even exporting to many other countries in the Indian Sub-continent
In fact, it has also won global acclaim for being One of the Best Companies in its business line.

And today, this company is diversifying into a related field that could not just increase its product portfolio but could actually multiply its profits manifolds in the years to come.

Recession Proof Stock # 3
The third stock is from a business that helps put food on our tables.

India's Agricultural sector forms a major portion of our economy. So, when we started looking out for recession proof stocks, we knew that at least one stock will emerge from this sector.

And when we came across this company that is directly involved in this sector's growth, we knew we had found our pick.

This ISO-9001 certified company has an extremely strong presence in its sector and has continuously seen a Double Digit Cumulative Growth over the last five years.

Not just India, this company even exports to many countries in the Middle East, across the whole of Africa and even countries like Russia, Turkey, Europe, Thailand and Korea.

A strong business, from a 'Recession Proof' Sector that could turn into a Multibagger irrespective of which way the Stock Market turns!

And you can get complete information on all these 3 stocks like why we are so excited about these stocks, the risks involved, industry prospect and even their management details amongst other financial and non-financial information in our Special Report titled: Recession Proof Stocks.

And as I promised, I will send you this report absolutely free of cost!

But wait....

Are you happy with just 3 stocks...
Or do you want more?

See, Equitymaster has been in the equity research field for the last 16 years and we know that any smart investor would rather have regular high-potential recommendations than just 1, 2 or even 3 stocks.

And whatever be the number of stocks you invest in, you need to constantly monitor them and ensure that they are on the right track.

And that is where our service begins...

Allow me to introduce you to the service behind all those Multibaggers we discussed earlier...

Hidden Treasure - Equitymaster's Small Cap Recommendation Service.

Hidden Treasure is One of our most popular services through which we find out some of the strongest small cap stocks from the market that have immense potential.

We already have thousands of subscribers benefitting from this service and today I would like to invite you to join this exclusive club.

As soon as you join this club of investors, you will start receiving high-potential small cap recommendation which could multiply your investments in them manifolds over the next 3-5 years.

Yes, it's not always that a stock shoots up fast.

So, we recommend you to invest in with a time-frame of 3-5 years.

Because it takes at least this long before a strong business is able to fully utilize its strengths and come out as the winner we expect it to.

And if a certain company is rising steadily and we think that it could do even better than we expected, we even re-recommend stocks.

And on the flip side, if we find that the management has taken some decision that could hinder the growth prospects of the business; we will ask you to book your profits/ stop your losses and sell it out.

The bottom line is this...

We will track and keep you informed on
All our Open recommendations

Our Quarterly Performance Review Report will cover all our open recommendations; how they have performed till now and also whether we maintain our views on the company or have changed it.

So you can be rest assured that once you invest based on our recommendations, our research team will do everything possible to ensure that it's profitable for you in the long run.

It is because of this commitment, that thousands of current Hidden Treasure Subscribers trust us and invest based on our recommendations.

And they've shared their experience with us as well...

"It's been 5 years since I have been a subscriber to all the products of Equitymaster (EM). EM's "power to people" approach is what made me to associate with them initially. EM's honest, independent and consistent research on stocks is worth appreciating. In short I must say it has been a "rewarding" experience."

-- S R Samratt, a Hidden Treasure Subscriber since 2005

And the next question that could enter the mind of anyone who hasn't been with us the past is this...

What is so special about Hidden Treasure And
How Are We Finding out these Multibaggers?

If you're thinking this too... I appreciate it.

Because it shows that you do not fit into the bracket of people who believe everything they hear and question the facts.

And we at Equitymaster cherish such smart investors...

So here's the answer...

See, we can never guarantee that we will always beat the market and all our recommendations will be multibaggers.

In my opinion, anyone who promises you that is lying to your face. Because, with our decades of experience in this field we have found that beating the market every time you invest in it is Practically Impossible!

However, there are certain processes that we've developed over the years which have helped us pick out multibaggers consistently.

So how is Hidden Treasure unlike any other service out there:

» See, even today there is very limited research being done on Small Cap Stocks. And even the ones who are doing it are doing it within a very limited scope. This is where we differ... our research team conducts in-depth analysis of all our recommendations before we put it out to our subscribers.
» Also, our research team goes across the country, meeting different management personnel and analyzing their future growth regularly. This helps us look at the whole business and not just at the stock price.
» Our biggest strength lies in our proprietary tool called Equitymaster's Risk Matrix, or ERM. This tool has been built through years of experience and it scrutinizes each and every stock we are considering, even before we go into an in-depth analysis. We are extremely proud of it as it has consistently helped us pick out some of our best recommendations.

All these factors, amongst others, make us extremely positive about our Small Cap Picks.

If you just take a look at the multibaggers we shared earlier, those businesses showed us double and triple digit returns even before they could have reached the recommended time-frame of 3-5 years.

And these time-tested processes, with our honest and unbiased approach towards research, is what makes our subscribers stay with us year after years.

But remember one thing...

It is Practically Impossible
For Every Stock Pick To Be A Multibagger

See, there are many reasons behind a stock to miss out on reaching its true potential...

» Maybe the Management becomes too greedy and takes short-term oriented decisions that affect long term prospects.
» Maybe the company doesn't adapt fast enough to changing business environment.
» Maybe the company loses focus altogether and starts sliding.
We both know that there can be numerous reasons for a Small Cap Company to fall...

So, I would like to put this across as strongly as I can that Do Not Invest All Your Money In One Small Cap!

Small caps are inherently risky and the total investment in small caps should form only 5% to 10% of your Investment Portfolio.

And even this small percentage should be spread across different stocks to further diversify the risk!

Yes, we at Equitymaster strongly believe in maintaining the fine balance between minimizing risks and maximizing returns.

Allow me to explain this diversifying this risk could even enhance your returns with an example...

Let's say that you want to invest some amount in small caps.

Either you can invest the whole amount in company A.
Or you can invest across companies A, B, C, D and E.

In the first case, if stock of Company A turns out to be a Multibagger... you get lucky and earn good returns... But if it crashes, you lose it all!

In the second case, you are putting your money on five companies!

Your chances of finding a multibagger, by diversifying, have immediately gone up by 5 times.

And even if just 2 out of these 5 companies turn out to be Hidden Gems, they could more than make-up for the losses you incur from the other 3.

And just imagine if even one of them turns out to be like some of the performers I discussed earlier, your portfolio could get a great uplift!

So you see, small Caps, even though they hold high-potential, require smart and reasonable investments.

After all neither of us want one wrong pick to eat into our investments... right?

And, we confess...
We've picked out a few bad apples too.

Take MIC Electronics for example.

We had recommended the stock in July 2009 because we saw immense potential in their business plan.

They had performed well in the past and the industry was offering a huge opportunity.

But then things changed for bad.

The company missed out on an important contract and the stock price started sliding. The management's refusal to step-in and explain their stance further worsened the situation. Then there turned out to be some issues with the company disclosure levels too...

All in all... we felt that this stock might not meet its target.

So, we recommended our subscribers to stop their losses and sell the shares at 45% loss.

And believe me, over the years, we've seen many stocks that held immense potential burning into ground due to multiple reasons.

So, the goal from Small Cap investments should be to have small investments, across multiple companies that could earn Huge Returns.

Small caps are risky...

But, You Could Make Unimaginable Gains Too!

Stock Recommended Returns
eClerx 247%
Zylog Systems 418%
KPIT Cummins 288%

Now that you understand the risks and the returns potential from small caps, I'd like to extend this invitation to you...

I invite you to Join Our Exclusive
Equitymaster's Hidden Treasure Investors Group

Hidden Treasure subscription comes at an extremely lucrative price of only Rs 5,000 per annum.

But there's a LOT more!

See, this invitation is a part of our special promotion wherein we are inviting people who've showed their interest in finding out profitable investment opportunities.

As we feel that you fall into that bracket as well.... We wanted to make it as easy as possible for you to join our services.

So, you are personally invited to join One of Equitymaster's Top Performing Services, Hidden Treasure for the next 3 years by paying for just 1 year!

Yes, when you join us through this offer, you pay just Rs 4,950 towards the first year's subscription fee and get 2 years of Absolutely FREE access.

Rs 4,950 for 3 years comes down to less than Rs 140 per month!

This is effectively the Lowest Price Ever for Hidden Treasure Annual Subscription!

And the reason for us doing this is because we feel that there is a highly lucrative opportunity that is still untapped in the small caps segment.

Every Stock Research house spends hours researching on Large Caps and Blue Chips. However, as far as I know, none of the other people are spending as much time and resources as we are in finding out the winners from the small cap segment.

And so we decided to keep the rock-bottom price.

Even the Investment magazines out there cost more than this. And we both know that if you wait till the time the magazine hits the stands, you could've already missed the opportunity.

As a part of Hidden Treasure club, as soon as we feel that there is an opportunity available or a risk in one of our recommended stocks... we'll intimate you.

Over the next 3 year of your subscription, you will get 36 High-Potential Hidden Treasure recommendations.

Joining this service could earn you many times over what you invest in it as subscription fees.

Yes, that is exactly how I want you to look at this invitation...

Rs 4,950 is not an expense. It is an investment that could earn you huge returns in future.

And There's More...

Yes, in addition to the 36 recommendations, there are numerous other benefits you get to enjoy as our Hidden Treasure subscriber:

» Free Asset Allocation Guide:
I have already emphasized the importance of allocating your investments across different instruments to minimize the risks. This hugely popular guide titled "How to Plan Your Equity Portfolio" will assist you in designing your portfolio so that it minimizes your risk.

» Free Subscription to Equitymaster's Intelligent Portfolio Tracker:
As our valued subscriber, you could be investing in different equities and our Portfolio tracker will ensure that you are constantly monitoring your investments just like a portfolio manager does.

We're extremely proud of this tool because it has evolved over the years on the basis of feedback we have received from our subscribers. In its current format it'll give you valuable reports that cover things like - Is you Portolio construction ideal; Are there any stocks in your portfolio that need your attention; Are you heavily invested in one sector and so on.

» Quarterly Result Review of the recommended companies:
We constantly follow each and every open recommendation. And apart from scrutinizing our own data mine on these companies, every quarter we will also analyse the reports released by these companies to ensure that they are on the right track. We will share our findings with you through this report.

» Free subscription to The Daily Reckoning:
Daily Reckoning is e-newsletter written by Bill Bonner, 3 times New York Times Best Selling author and an authority on global economic analysis. This newsletter is read by thousands of avid investors across the globe. And as soon as you confirm your membership to Hidden Treasure, you will also join this group of informed investors.

» Equitymaster's Special Reports:
Just like the 'Recession Proof Stocks' Special Report, we have released another report that will give you 3 Steady Income Small Caps! Yes, these are a rare class of small caps which don't just hold capital gain potential but pay regular dividends too. So, as a Hidden Treasure Member, you'll get this second special report and any other report that we publish under this service for the next 3 years!

So you see, we've done everything on our end to ensure that this is as profitable for you as possible...

And I've saved the Best for the Last

Now I accept that it's really tough to top all that we've promised you up above...

But if I put myself in your shoes, this would be the strongest point for me to go ahead and subscribe right away.

This invitation comes with a 30 days, 100% money-back guarantee.

Yes, I am that confident in my research that I am inviting you to try this service with absolutely nothing to lose.

Join this select group of investors right now and you get to try all the aspects of our service at Zero Risk for the next 30 days.

If any time before the 31st day, you feel that this service is not for you, just get in touch with us and we'll refund the complete amount... Right to the last rupee... No questions asked!

See, I've seen far too many investors out there who subscribe to a service but then find out that it's not up to their expectations. However, what they fail to see is that they can trick you into subscribing for one year... but you will not renew after the subscription expires.

This is what we at Equitymaster feel is our biggest strength.

When you join us, we are committed towards building your wealth and the only way to do that is to ensure you understand what is it we are offering and then try to exceed your expectations.

We are here for the long haul.

Now, the ball is in your court. . .

Either you can keep searching that financial newspaper for that elusive multibagger; stay glued to the television for, what I call, obsolete recommendations and constantly worry about whether you've invested in the right company.

Or you can join our Hidden Treasure service and get Instant Access to the 3 'Recession Proof' stocks I talked about earlier... and get regular, high potential and well-researched small cap recommendations.

And Here's what you should do. . .

I'm sure you will agree that this is an extremely profitable offer that comes with no risk because of our 30 days 100% money-back guarantee...

So I would suggest that you make the right choice and join us through this unmatched offer.

I'll even go ahead and take the liberty of welcoming you on board and summarizing all that you'll be confirming with your subscription.

Here's all that you will get. . .

  • 36 well researched and High Potential Small Cap recommendations over the next 3 years!

  • 3 'Recession Proof' Small Caps that you could invest in and see them grow without worrying about which way will the Stock Market turn next

  • 3 'Steady Income Small Caps' that pay regular dividends and have the potential to multiply your investments in them manifolds as well

  • Quarterly Results Reviews of all our open recommendations

  • Free Quarterly Performance Review of all our Open Stock recommendations

  • Our Hugely Popular Asset Allocation Guide. Absolutely Free

  • Free access to our "Intelligent" Portfolio Tracker worth Rs 330 per annum

  • Free for life Subscription to globally acclaimed financial newsletter The Daily Reckoning by Bill Bonner, 3 times New York Times bestselling Author and an authority in analyzing the global economic trends.

This Never-Before Offer To Get 2 Years Of Free Access
Closes on September 9th!

Why wait any longer?

This is effectively the Lowest Price Ever for one of our Most Popular services...

And it comes with our 30 days 100% Refund Policy.

There's nothing you can lose and a lot you could profit from!

You see, we've kept it so lucrative because we strongly believe that there is an excellent money-making opportunity in the current small caps sector.

And we want the maximum number of people to benefit from our research.

So, I would recommend that you take us up on this unmatched offer before we're forced to close it for good...

Click Here to join one of our most popular services
And also get 2 Years of Free subscription.

See your wealth multiply over the years... without breaking a sweat!

Stop worrying whether it's a Bull Market or a Bear Market... invest in exhaustively researched small cap stock recommendations and you could earn huge profits and keep your peace of mind.

Click Here to join one of our most popular services at its Lowest Price Ever.

I look forward to having you on board with us.

To your wealth, always.

Warm Regards,

Rahul Goel
CEO, Equitymaster

P.S.: This is an invitation to get full information on 3 Recession Proof Stocks which could multiply your investments in them whichever way the market turns. Sounds unbelievable? But these are the rare kind of small cap stocks we pick out for a select group of investors, regularly. Click Here to Join Hidden Treasure Today and Get 2 years of Free Subscription.

P.P.S.: We invite you to join One of our Most Popular Services at its lowest price ever and get 2 Years of Absolutely Free subscription too. Yes, it's an Unbelievable Offer that's open only till 11.59PM on September 9th! Click Here To Join Now!

P.P.P.S.: If you have any queries, please do not hesitate to contact us at +91-22-61434055 or Write in to us. We will be delighted to assist you!

Subscribe Now And Get Our Latest Report
"Recession Proof Stocks"


*Returns have been calculated as on 29th March 2012 or on the date of Sell Recommendation, whichever is applicable.


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Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407