Weekly ‘MONEY TIMES TALK’
- EP News Service
- Jun 26, 2023
We bring to you a weekly column ‘MONEY TIMES TALK’ a very popular round-up of stocks/equity markets (BSE / NSE) live news and updates and subtle recommendations from Money Times.
> L&T is the L1 bidder for the Mumbai-Ahmedabad Bullet train project worth Rs.15700 cr. It also has big defence orders in hand. Add for the long term.
> Analysts see irresistible opportunity in NIIT at the current beaten down levels and expect it to surpass its intrinsic value of Rs.184.51 going ahead. Buy.
> Zydus Lifesciences gets USFDA nod for Minocycline Hydrochloride tablets to treat moderate to severe acne in pre-teens. A big positive. Accumulate.
> Lupin's Visakhapatnam API manufacturing facility to be evaluated by USFDA. Groundwork laid for progress. Add.
> Tata Steel has expansion plans of Rs.16000 cr. in FY24 on the back of rising demand and prices. Buy in small lots.
> Patanjali Foods to boost palm production at capex of around Rs.5000 cr. Add.
> Shortage of drugs in USA can boost the Indian Pharma business. Add Dr. Reddy’s Labs.
> Vedanta to invest $1.7 bn in FY24 to expand capacities after investing $1.2 bn as growth capex in FY23. Add on dips for the long term.
> Mankind Pharma grew about 60% since its recent listing. It continues to attract buy calls from various analysts. Accumulate.
> TTK Prestige’s demand in Q1FY24 is as good as it was in Q4FY23 and is picking up. It expects FY24 to be much brighter than FY23. Accumulate.
> The onset of the monsoon will boost the prospects of GSFC, GNFC and FACT. Add.
> In line with our expectations, Olectra Green and JBM Auto are trading at their 52-week high. A lot of steam is still left in these stocks. Add on dips.
> JK Paper is working at 104% capacity utilisation and declared stunning results. It hopes to maintain its margins in FY24. Add.
> YES Bank to raise funds for growing business needs and onward lending. It is on track to recover its lost ground. Accumulate.
> Aether Industries raises Rs.750 cr. via. QIP, at a floor price of Rs.984.90. Add on dips.
> RVNL has received three LoAs from Chennai Metro Rail valued at Rs.4058.18 cr. for projects have to be completed in 1725 days. A big positive. Add.
> Interglobe Aviation orders 500 Airbus planes for its Indigo Airlines. Add.
> Gabriel India to venture into new auto components having a very strong foothold in the shock absorber segment. Add on dips.
> TCS wins a 1.5 bn UK Pounds deal with UKs NEST for 18 yrs. Accumulate for the long term.
> FY24 belongs to entrepreneurs who pursue the Green Hydrogen Mission. Buy MTAR, Cochin Shipyard and IOC.
> Hitachi Energy has received the highest order in Q4 and has an order book of over Rs. 7100 cr. Accumulate.
> Multiple block deals in Landmark Car indicates informed buying on positive hints by its management. Add in small lots.
> SJVN Ltd. to develop 5000 MW Renewable Energy Projects in Maharashtra including Hydro, Pumped Storage, Wind, Solar, Hybrid and Green Hydrogen. A big positive. Add.
> KEC International bags orders worth Rs.1373 cr. Its Railway business orders are in the technologically enabled and conventional/emerging segments in India. Buy on dips.
> Karur Vysya Bank’s 11 new digital branches takes the total to 800. It notched FY23 EPS of Rs.13.8 from Rs.8.4 YoY, which may lead to FY24 EPS of Rs.17+. Buy for hefty gains.
> Gufic Biosciences has won Chinese approval for its ‘Prilocaine,’ a local anesthetic for fast onset and intermediate duration of action. A big positive. Add on dips.
> Natco Pharma has received USFDA clearance for its drug formulations facility at Visakhapatnam. Add on dips.
> Tamilnadu Petroproducts to get 59.93 million KWH power p.a. for Rs.13.9 cr. from Dalavaipuram Renewables. It notched FY23 EPS of Rs.10.5. Buy on dips.
> Crayon Advertising notched FY23 EPS of Rs.9.2, which may lead to FY24 EPS of Rs.20. Buy on dips.
> ISGEC Heavy Engineering's subsidiary Saraswati Sugar Mills has enhanced its Ethanol capacity to 160 Kilo Litres Per Day and started commercial production on 18th June. Add on dips.
> Canara Bank notched 77% higher FY23 EPS of Rs.62, which may lead to FY24 EPS of Rs.74+. Add for hefty gains.
> Shyam Metalics has commissioned its 165000 TPA Sponge Iron plant along with 90MW higher captive power capacity, which will lead to 80% of internal power sourcing from 75% earlier. Add.
> Defence major, Bharat Electronics, has won two orders worth Rs.5900 cr. for Aakash weapon system and Naval Systems. Add on dips.
> Styrenix Performance notched FY23 EPS of Rs.104 and paid a total dividend of 1040% (Rs.104/sh). Add. Keep it on your radar
> Som Distilleries’ market share rose in Odisha and Karnataka in May while its ‘Hunter’ Beer became No.1 selling brand in Delhi. Add on dips.
> RPP Infra Projects has an order book of Rs.2000 cr. It notched FY23 EPS of Rs.7.7, which may lead to FY24 EPS of Rs.15+. Buy for 30% gain.
> Rana Sugar manufactures sugar, alcohol and power. For Q4FY23, its PAT zoomed 173.58%. As sugar stocks are in focus due to rising demand and price of Ethanol. Keep it on your radar.
> Siemens Energy extended technical review of turbine designs on rising failure rates of components may benefit Suzlon & Inox Wind. Keep both on your radar.
> On 22 June, 30 crore HCC shares (20% of its equity) were traded. FIIs hold 12.29% and DIIs hold 12.45%. Given the boom in infrastructure sector, it is likely to cross its 52-week high. Add.
> Himadri Special Chemicals posted 453% higher FY23 net profit. Recently, it invested in Sicona Battery Technology, Australia, which may lead to sharp FY24 growth. Add for good returns.
> Hindustan Tin is available at a throwaway P/E of 6x and P/BV of 0.55x. It also plans to set up another plant to enhance capacity. Add for hefty gains.
> Confidence Petroleum has signed agreements to set up CNG mobile refiling units with various companies to enhance the reach of CNG across India. Considering the recent updates, it can perform well going ahead. Add.
> Rudra Global Infra Products has a RoCE of 10.8% and RoE of 11.4%. It is venturing into defence and Aerospace industry with its new subsidiary Rudra Aerospace and Defence Pvt. Ltd. A big positive. Add.
> Cressanda Solutions’ Rs. 49.30 cr. Rights Issue at Rs 20/share to open on 27th June & close on 11th July 2023. The issue is to augment its working capital needs.
> Bharat Agri Fert & Realty expects Rs. 700-800 cr. revenue in 5 years from its real estate project at Majiwada, Thane. Its fertilizer business is also faring well with strategic tie-ups.
> Lokesh Machines got licence to manufacture Small Arms. Even during the blood bath on Friday, the stock was locked in upper circuit displaying its inherent strength and a big potential going ahead.
> Ceinsys Technology is promoted by Megha Engineering, which promoted Olectra Greentech. Like Olectra, Ceinsys could turn out to be a multi-bagger. Keep on your radar.
> There is a lot of buzz in IT small caps with lot of takeovers. Keep Intense Technologies and Megasoft on your radar as they are too in the fray. Buy for decent returns.
> IKIO Tech recommended last week surged over 15%. Any decline in the stock will be a good opportunity for long term investors.
> Vinny Overseas, one of the most advanced fabrics manufacturer, is on a strong growth momentum on the back of expansion that will boost revenue & profits. Add.
Disclaimer: The views and investment tips expressed by investment experts on Money Times are their own; however ExpresPost.in does not guarantee the accuracy, adequacy or completeness of any information. Readers are advised to check with certified experts before taking any investment decision.
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