FEBRUARY 25, 2024
In MTTs of 11th November, Gujarat Pipavav was recommended at Rs.135 touched a new 52-week high of Rs.218 while Grauer Weil recommended at Rs.115 touched a new 52-week high of Rs.199 during the week. Keep them on your radar.
In MTTs of 25th November, Hindustan Adhesives recommended at Rs.285 touched Rs.539. Book partial profits.
In MTTs of 25th November, Bondada Eng., recommended at Rs.444 touched Rs.950 during the week. Book partial profits.
In MTTs of 10th Feb, Univastu India recommended at Rs.134 touched Rs.145 and Shetron recommended at Rs.127 touched Rs.154 during the week. Keep them on your radar.
In MTTs of 17th Feb, Panasonic Carbon India recommended at Rs.499 touched Rs.539, Prima Plastics recommended at Rs.222 touched Rs.245, VLS Finance recommended at Rs.286 touched Rs.322, Markolines recommended at Rs.147 touched Rs.164, Lehar Footwears recommended at Rs.132 touched Rs.145, Indotech Transformers recommended at Rs.1030 touched Rs.1173, BF Utilities recommended at Rs.701 touched a new 52-week high of Rs.948. Book partial profits.
National Plastic into plastic products & synthetic surfaces trades at a P/E of just 15x and M.Cap/Sale of just 0.3x. The promoters hold 56.65%, HNIs hold 7.15% & Sangeetha S holds 1.36% and EPF hold 8.05%. Add for hefty gains.
Artefact Projects bags huge orders and has cut its debt by pre-payment of Rs.5 cr., It trades at a P/E of 9x and P/B of 0.86x. Its CMP is way below its private placement price of Rs.111. In Q3, NP rose 60% and 9M NP grew 53% and is likely to perform better in Q4 given its huge order book. Buy for 25% gains.
Himatsingka Seide posted 9M NP of Rs.89.09 cr. as against loss of Rs.86.42 cr. YoY and expects a stable demand with an expanding global client base. It hopes to achieve revenue of Rs.1000 cr. over the next 5 years. Its BV is Rs.152 and its 52-week high is Rs.187. Add for 25% gains.
ABC India is a full-service logistics provider company. It trades at a P/E of just 19x and MCap/ Sales of just 0.3x, It notched FY23 EPS of Rs.7.86. The promoters hold 65% and HNIs hold 7.5% stake. Add for multi-bagger gains.
Sinclair Hotel issued 1:1 bonus shares. It has surplus cash and 9 iconic hotels at beautiful locations. Its Q3 EBIDTA rose 23.90%. It plans expansion in Rajasthan and Himachal Pradesh. Keep track.
Competent Auto posted Q3 EPS of Rs.12.26 and 9M EPS of Rs.29.21. With its market cap of just Rs.302 cr. It trades at a P/E of 10x and P/B of 0.91x; and a BV of Rs.521. Recently, it purchased property worth Rs.14 cr. at Dultabad, Haryana and will shortly be listed on the NSE. Add.
Gujarat Industries Power’s Q3 PAT rose 65% to Rs.46.62 cr. from Rs.28.34 cr. YoY. Its BV is Rs.211 and 52-week high is Rs.237. It plans to set up 2375 MW renewable energy park worth Rs.6000 cr. Its P/B is the best among power stocks with a dividend payout of 25%. Add for hefty gains.
Almost debt-free Metro Global into trading of chemicals, textiles, minerals & ores, metals and EPC player posted 9M EPS of Rs.23.70 and trades at a P/E of just 5.6x. Promoters hold 75% and HNI Sangeetha S holds 1.3% stake. Its BV is Rs.300 and is available at a P/BV of 0.51x. with a dividend of 23.8%. Buy for decent gains.
BSE SME listed Qualitek Labs is likely to cross Rs.200 soon. Keep it on your radar.
Kriti Nutrients Q3 NP grew 83% to Rs.14.19 cr. from Rs.7.75 cr. and may cross its 52-week high of Rs.129. Add.
HFCL hit new 52-week high of Rs.116.70 on 23rd Feb with huge volumes. Further, it plans an optical fiber cable manufacturing facility worth Rs.144 cr. in Poland. Keep it on your radar.
NSE listed *Univas
tu* has double digit ROE & ROCE for the last ten years which looks attractive. Keep track.
Hardwyn India Q3 PAT rose 191% QoQ to Rs.4.31 cr. on 25% higher revenue from operations of Rs.39.90 cr. Its Q3 EBITDA grew 185% QoQ to Rs. 6.72 cr. from Rs.2.36 cr. and EBITDA margins grew 944 bps to 16.81%. Add.
Apollo Micro Systems establishes an integrated plant for ingenious defence systems.
The Market Outlook, [25-02-2024 09:38]
and manufacture missiles and sub-systems; and also undertake maintenance, repair and operations (MRO) of weapons apart from drones. Buy for hefty gains.
Vikas Lifecare to undertake a series of events for the ‘71st Miss World Pageant’ to be organized in India hosting participants from 120+ countries and presented by its subsidiary PME Entertainment. Add.
Remedium Lifecare’s 5:1 stock spilt record date was 23rd Feb. For Q3, its revenue rose 942% YoY to Rs.1834 cr. and EBITDA grew 5146% to Rs.54 cr. Add.
Sarveshwar Foods approved a fund-raise of up to Rs.98.94 cr. via. convertible warrants on preferential basis at Rs.9.70/warrant. For Q3, its revenue grew 25% YoY, EBITDA grew 97% and PAT rose 187% YoY to Rs.4.93 cr. Add.
Sprayking bags orders worth Rs.1 cr. for supply of Brass Rods and undergoes strategic rebranding. It sells its products in USA, Europe, Australia, Canada, South Africa, UAE and India. Add.
Garment Mantra Lifestyle to set up a new wholesale hub in Surat to serve big customers and commission agents from across India. This strategic tie-up will be beneficial for both sides. Add.
Thinkink Picturez FY23 revenue grew 145.99% to Rs.25 cr. and profit rose 46.58% to Rs.4.45 cr. With ambitious ventures like the launch of a VFX and OTT platform in the UAE and accolades for ‘Dream Girl 2,’ it expects huge revenue growth. It recently announced a split, bonus and dividend of Rs.3/share. Buy.
Prime Fresh into fruits & vegetables supply chain to invest Rs.35-40 cr. with partners & associate cos. in Uttarakhand in 5 years. Add.
Nath Bio Genes trades at a P/E of just 10x against the industry average of 30x. Its FY23 revenue grew on the back of new products and bottom-line and is expected to grow further by FY25. Buy for 30% gains.
Univastu into civil construction has completed India Fame Project and India`s first Net-Zero library for Jhansi Development Authority. Its posted Q3 revenue of Rs.29.93 cr. from Rs.24.53 cr. in Q2 and PAT of Rs.2.49 cr. from Rs.1.90 cr. in Q2. Add.
Motisons Jewellers sells gold, diamond, kundan jewellery in over 3 lakh designs operating across four showrooms in Jaipur and through an online platform at www.motisonsjewellers.com. Its Q3 PAT rose 22% YoY to Rs.11 cr. from Rs.9 cr. and sales grew 8% YoY to Rs.123 cr. as against Rs.114 cr. Add.
Rudra Global Infra manufactures TMT bars and has a reputed clientele. It doubled its production capacity and has launch ‘Rudra Inframart’ containing multiple stores. It posted good numbers with continuous growth since last three quarters. Add.
Canara Bank to split its stock this week. This undervalued PSB stock deserves strong re-rating. Buy.
In the logistics space, Patel Integrated Logistics Q3 revenue grew 25.6% YoY and NP rose 27.35% YoY. It is poised for strong re-rating. Buy.
Although newspaper co.’s have been ignored by the market, DB Corp has prove them wrong as it posted good results. This cash rich and undervalued counter deserves to be in every portfolio.
Jagran Prakashan is liberal distributor of dividends. Add this stock as correction in newsprint prices will boost its bottom-line.
Sun TV is unique as it is also into OTT movie production and distribution etc. Its access cash make it even more attractive. Add.
State Transport corporations are scouting for EV buses to add to their fleet given their operational advantages. Olectra Greentech and JBM Auto may be big beneficiaries. Add.
RVNL and Salasar Techno’s JV emerged as the lowest bidders of Madhya Pradesh Power Transmission’s Rs.174 cr. project. Add.
As per reports, luxury cars are hitting higher volumes. Force Motors, which makes engines for Mercedes Benz m
ay benefit from this. Add.
Netweb is running on the back of good results and the future looks good. Its share is poised to cross a price of Rs.1700. Buy immediately.
Imagicaaworld Entertainment to hold EGM on 18 Mar 2024 to approve acquisition and purchase of a business park. Keep it on your radar.
Texmaco Rail’s board to meet on 27th Feb 2024 to raise funds. Add.
The Market Outlook, [25-02-2024 09:38]
Rushil Décor ventures into eco-friendly plywood segment targeting additional revenue of Rs.300 cr. from ply and laminate projects. Add for the long term.
BDL, BEL and HAL have won orders worth Rs.35000 cr. from the Ministry of Defence. Buy these gems for hefty gains.
Godrej Properties wins high court order against CIDCO cancelling the allotment of two adjacent plots in Navi Mumbai. A big positive. Add.
Sona BLW becomes the first automotive component company to receive auto PLI certification. A big positive. Add.
Govt. of India has allowed 100% FDI in the space sector. Paras Defence, MTAR Technologies and Walchandnagar Industries may be big beneficiaries. Accumulate.
NTPC plans to set up India’s largest green hydrogen production facility in Andhra Pradesh. Buy this Navratna company for the long term.
Salzer Electronics to build fully integrated smart meter manufacturing facility in India to meet the soaring demand. Add for decent gains.
GMDC’s to invest Rs.1138 cr. in new lignite projects and expediate the operational efficiency of coal blocks in Odisha to achieve a leadership status. Add.
MET Dept. forecasts a good monsoon thereby boosting the demand for fertilizers and chemicals. Add GSFC for sharp gains and bonus issue or buyback prospects.
A big decisive breakout from the congestion zone is likely to fire up Great Eastern Shipping. Accumulate.
In a recent interview, the promoters of Satia Industries have declared that the current year’s performance is likely to be much better. Add.
L&T bags order worth Rs.13000 crore for supplying Radar Systems to the defence forces. Add for the long term.
Anup Engineering posted 40% higher Q3 EPS of Rs.20.4 and 9M EPS of Rs.61, which may lead to EPS of Rs.85+ in FY24 and a capex of Rs.15 cr. to be commissioned in Q1FY25. Buy.Top of Form
Jammu & Kashmir Bank posted Q3 EPS of Rs.4.1 and 9M EPS of Rs.11, which could take FY24 EPS to Rs.17 in FY24 from Rs.12.3 in FY23. Buy for 20% gain.
Deccan Cements posted Q3 EPS of Rs.11 and 9M EPS of Rs.24.5, which may lead to FY24 EPS of Rs.40+ on a small equity of Rs.7 cr. Accumulate.
Indian Bank posted 52% higher Q3 EPS of Rs.17.5 and 51% higher 9M EPS of Rs.44.7, which may take FY24 EPS to Rs.68. A P/E of 10x could take its share price to Rs.680. Buy/Add.
Manappuram Finance posted 38% higher Q2 EPS of Rs.6.6 and 52% higher H2 EPS of Rs.12.5. It may post FY24 EPS of Rs.24 (forward P/E 7.5x) from Rs.17.7 in FY23. Buy for 20% gains.
GAIL posted 717% higher Q3 EPS of Rs.4.9 and 49% higher 9M EPS of Rs.11.3. This could take FY24 EPS to Rs.17/18 from Rs.8.5 in FY23. Buy for 20% gain.
Shreyans Industries posted Q3 EPS of Rs.15 and 9M EPS of Rs.52.5, which may take FY24 EPS to Rs.67 from FY23 EPS of Rs.53. Add.
Federal Bank’s deposits rose 19% to Rs.2,39,591 cr. and advances grew 18% to Rs.2,02,475 cr. in 9MFY24. Casa rose 6% to Rs.73,388 cr. and EPS rose 24% to Rs.12.3, which may take FY24 EPS of Rs.18+. Buy for 30% gain.
63 Moons launches India’s first mobile security solutions and posted 318% higher Q3 EPS of Rs.20.1 and 1918% higher 9M EPS of Rs.46.7. This may take FY24 EPS of Rs.65. Buy for 30% gain.
Canara Bank posted 44% higher 9M EPS of Rs.62.4, which may take FY24 EPS of Rs.85 from Rs.62 in FY23. A reasonable P/E of 10x could boost its share price to Rs.850. Its FV will split on 26thFeb 2024. Buy.
Cochin Shipyard bags Rs.488.25 cr. naval ship refit contract and inaugurates its new facilities. Its 9M EPS rose 98% to Rs.39.9 and may post FY24 EPS of Rs.60. Buy for the long term.
LIC Housing Finance posted 280% higher Q2 EPS to Rs.21.7 and 103% higher H1 EPS to Rs.45.7. This could take FY24 EPS to Rs.90+ from
FY23 EPS of Rs.52.6. A P/E of 8.5x could push share price to Rs.765. Buy.
NBCC gets nod from Noida Authority to develop five Amrapali projects worth Rs.10,000 crore. A big positive. Add.
Brigade Enterprises signs a Joint Development Agreement with PVP Ventures to develop a 2.5 million sq. ft. high-rise residential project. Buy.
The Market Outlook, [25-02-2024 09:38]
LTIMindtree signs MoU with Eurolife FFH to setup a Gen Al and digital hubs in Europe and India. A big positive. Add.
Home First Finance receives IRDAI corp agent (composite) license for soliciting life, general and health insurance. Buy.
South Indian Bank announced Rs.1,151 cr. rights issue in the ratio of 1:4 at a price of Rs.22. The record date for the same is 27th Feb. Add.
Union Cabinet approves amendment in the FDI policy for the Space sector, MTAR Tech and Apollo Micro may be big beneficiaries. Add.
Grasim launches Birla Opus Paints business and inaugurate three Birla Opus Paints plants at Panipat, Ludhiana and Cheyyar. A big positive. Add.
Maharashtra Govt. issues a resolution for the continuation of the Wine Industrial Promotion Scheme for 8 years. A big positive for Sula Vineyards. Add.
The Tamil Nadu Govt. told the Supreme Court that Vedanta’s Sterlite Copper plant should be considered a national asset and deemed necessary to reopen to fulfil the country’s copper demand. Add.
Cochin shipyard
🔸Buying range: Rs. 832-847
🔸 Target: Rs. 915
🔸 Stoploss: Rs. 806
🔸 Timeframe: 14 days
