As per astrology, some important turning dates are April 23 and 25; May 2, 8, 21 and 27.
In our 29th March MTTs, TBZ recommended at Rs.104 touched Rs.129, Tyche Inds. recommended at Rs.176 touched Rs.222 in a highly negative market.
In our 6th Apr MTTs, Mindteck (India) recommended at Rs.214 touched Rs.320, a gain of 50% just in 9 working days in a highly negative market.
- Jaysynth Dyestuff Q3 NP grew 196% to Rs.2.16 cr. and 9M NP rose 80% Rs.6.57 cr. from Rs.3.66 cr. YoY with an EPS of Rs.7.56. It trades at a P/E of just 14x and is almost debt-free. Its profit grew at a CAGR of 28% over the last 5 years. Buy for 50% gains.
- Artefact Projects has huge orders for six years having bagged Rs.5.50 cr. order from NHAI. It pre-paid it debt of Rs.5 cr. and trades at a P/E of 8x and P/B of 0.86x even as its Q3 NP grew 60% and 9M NP rose 53%. Buy for hefty gains.
- Morepen Labs 9M NP zoomed 123% to Rs.67.88 cr. from Rs.30.43 cr. YoY. Mr. Sushil Suri – Joint M.D., ‘In the backdrop of a steadily growing pharmaceutical market, our products are experiencing robust demand in domestic and overseas markets’. It likely to come out with a QIP worth Rs.350 cr. Add for 20% gains.
- Almost debt-free, Grauer & Weil’s Q3 PAT rose 24.12% to Rs.42.75 cr. from Rs.34.44 cr. YoY and posted 9M PAT of Rs.117.11 cr. from Rs.91.26 cr. YoY and paid a dividend of 80% for FY23. Buy for 25% gains.
- NSE listed Steel City Securities is almost debt-free and trades at a P/E of 12x. It pays dividends regularly. Promoters have raised their stake by 7.27%. The booming stock markets augur well for its future. In March 2024, it decided to expand its e-Governance business and is likely to cross its 52-week high of Rs.95. Buy for hefty gains.
- ABM Knowledgeware offers smart city solutions, information security, cyber security, smart water management, SAP practice, etc. It has a huge order book. Promoters hold 67% stake and it trades at a P/E of 17x. Buy for decent gains.
- Debt-free Denis Chem produces sterile intravenous injectables and is available at very attractive valuations. It has a dividend yield of 3% and M.Cap/sales of 0.55x. It posted Q3 EPS of Rs 2.31 from Rs 1.32 YoY. Varun Daga holds 11.5% and FII’s hold 20.74%. Add.
- MK Ventures promoted by renowned investor, Madhusudan Kela, who is known for giving 100x returns in his fund. It is expected to become a big player in the field of managing money and investments. Add.
- Ram Info posted 9M NP of Rs.5.95 cr. and an EPS of Rs.12. Its profit grew at a CAGR of 39% over 5 years. It acquired 29% stake in 'MVUS' and has been awarded a contract for Rs.289 cr. On 15 March, it made allotment of 8,28,825 equity shares and 34,29,007 convertible warrants to promoters and non-promoters. Buy for multi baggers gains.
- Kriti Industries Q3 PAT rose 228% to Rs.7.85 cr. from Rs.2.39 cr. QoQ. Promoters hold 66.35% and 6 HNIs hold 7.05%. It is likely to cross its 52-week high of Rs.181. Add.
- MNC Multibase India 9M NP rose 49% to Rs.7.19 cr. from Rs.4.81 cr. YoY. Multibase SA holds 75% and reputed HNI - Dipak Kanayalal Shah hold 1.19% stake. Buy for decent gains.
- National Plastic Industries is available at attractive valuations as it trades at a P/E of 15x and M.Cap/sales of 0.3x. It is a well-known brand in plastic household products, plastic furniture, artificial grass, Gym flooring and Synthetic surfaces. It has also reduced its debt and is likely to cross its 52-week high of Rs.88. Buy for decent gains.
- Urban Enviro Waste provides waste management solutions and municipal solid waste management services. It has over 24 projects of which 21 are ongoing. It has bagged order for door-to-door collection and transportation of segregated solid waste of Chandrapur city worth Rs.78.12 cr. Considering the waste management industry in India and limited competition, this counter is a safe bet. Add.
- Vodafone Idea trades low due to its high debt but things seems to be improving post the acquisition of stake by GoI. It generated good cash flows and announced an FPO of Rs.18000 cr. of which Rs.12750 cr. will be used for expanding its network. Funds will also be used for the payment of deferred spectrum payments to the DoT. Add.
- Indus Towers, provides tower and related infrastructure sharing services. It has a tower portfolio of 2.11 lakh macro towers as of Q3. It trades low owing to dues from Vi. Since, Vi is raising money through FPO things might improve for this counter. It is expected to generate free cash flow of Rs.4,000 cr. in FY25. Add.
- Aartech Solonics has the highest ever order book and has added several new customers. It plans capex at both Mandideep & Parwanoo units. It also plans to invest in its US & UK subsidiary. Add for multi-bagger gains.
- TRF is back near its 52-week high. After spending months in the 2% circuit bracket it is back in the 5% limit. It trades at a P/E of less than 10x and expects its revenue to more than double in FY25. Add for multi-bagger gains.
- With Exide nearly doubling on tie-ups with EV makers, one should look at Kabra Extrusion which is a pioneer in 2-wheeler electric batteries and has started producing lithium-ion batteries for 4-wheelers as well. It already has tie ups with many OEM’s for lithium-ion batteries. It is available near its 52-week low. Add for the long term.
- US listed semiconductor co. Nvidia rallied from $100 to $1000 in no time. BSE listed Moschip Semiconductor witnessed record volumes last week in such a negative market. As per the market grapevine it is headed for the 4-digit mark. Add.
- The BJP led government has once again set ambitious target for the railways in the coming years. From a high of Rs.280, Ircon International is now available at Rs.217 which can be a good bet for the long term. Add.
- KM Sugar witnessed a rally of 40% last week after entry of Rekha Jhunjhunwala suggesting smart players are entering the sugar space. Ugar Sugar trades close to its 52-week low and can be added for the medium term. Buy.
- Teamo Productions producer of Mohaan Nadaar’s "Bina Shakkar Ki Chai" completes first shooting schedule and the shooting will be completed by 5th May. The project will cost Rs.4 cr. and is expected to generate a revenue of Rs.5.5-6 cr. Add.
- Lorenzi Apparels, a prominent player in manufacturing, designing and marketing readymade garments, received trading approval for listing its bonus shares from NSE and BSE effective 16 April. Buy.
- Mishtann Foods rights issue was oversubscribed. Further, it expects the salt and rice product realizations to increase going ahead. Add.
- Varyaa Creations, a jeweller, to launch its IPO on 22 April which closes on 25 April. It has set the issue price at Rs.150/share.
- Vikas Lifecare allots equity shares to promoter and non-promoter group as against conversion of warrants. Something is cooking. Add.
- Geopolitical conflicts raise fancy for defence stocks. Increased focused of the Govt. in the space segment also add glitter to cos. in that sector. This augurs well for HFCL which manufactures products for space, telecom & defence sectors. A strong re-rating is in store. Add.
- Jammu & Kashmir Bank posted Q3 EPS of Rs. 4.1 and 9M EPS of Rs. 11, which may lead to FY24 EPS of Rs. 17 from Rs.12.3 in FY23. Buy for 20% gain.
- Manappuram Finance, one of India’s leading gold loan NBFCs, posted 45% higher Q3 EPS of Rs. 6.8 and 51% higher 9M EPS of Rs 19.3, which may lead to FY24 EPS of Rs 26. Buy for 25% gain.
- Cash-rich IIFL Securities with net surplus of Rs. 5500 cr. posted 104% higher 9M EPS of Rs. 11, which may lead to FY24 EPS of Rs. 16. Buy.
- NCL Industries posted 80% higher 9M EPS of Rs. 15.3, which may lead to FY24 EPS of Rs. 22. Buy for 20% gain.
- Karnataka Bank posted 9M EPS of Rs. 30, which may lead to FY24 EPS of Rs. 40 and recently allotted shares to HSBC Global, SBI Life, Max Life, Morgan Stanley Asia, Franklin India Smaller Companies Fund and Nova One Capital at Rs. 231.43 each. Buy for 20% gain.
- NLC India signs an MoU with Rajasthan Govt. for a JV to set up a 125 MW lignite-based power and a 1000 MW solar power plant and also to set up 810 MW solar power plant. Accumulate.
- Repco Home Finance, with 160 branches across 12 states and 1 UT posted 25% higher Q3 EPS of Rs. 16.5 and 30% higher 9M EPS of Rs. 48.4, which may lead to FY24 EPS of Rs. 66. Buy for decent gains.
- Canara Bank posted 44% higher 9M EPS of Rs. 62.4, which may lead to FY24 EPS of Rs. 85. A reasonable P/E of 8x could take its share price to Rs. 680. its share price could hit Rs. 680 after a 1:5 split (FV:Rs. 2). Buy for 20% gains.
- Shreyans Industries posted Q3 EPS of Rs. 15 and 9M EPS of Rs. 52.5, which may lead to FY24 EPS of Rs. 67. Add.
- Voith Paper Fabrics posted 37% higher Q3 EPS of Rs. 21.8 and 31% higher 9M EPS of Rs. 65.8, which may lead to FY24 EPS of Rs. 90. A reasonable P/E of 30x as it applies to MNCs could take its share price to Rs. 2700. Buy & Hold.
- Heavy investment buying is seen in Natco Pharma, which posted 128% higher 9M EPS of Rs. 55.8. Promoters hold 50%, MFs hold 5.2%, insurance companies hold 6%, FIIs hold 13% & PCBs hold 2%, which may lead to FY24 EPS of Rs 70+. Buy.
- Satin Creditcare Network has AUM of Rs. 11075 cr. and 28.7% CAR. It posted 9M EPS of Rs. 32, which may lead to FY24 EPS of Rs.45. Promoters hold 37%, Banks hold 2.5%, Insurance Cos. hold 3%, FPIs hold 9.5% and PCBs hold 11.8%. Buy for 40% gain.
- Paul Merchants posted 40% higher Q3 EPS of Rs 55.4 and 28% higher 9M EPS of Rs. 147, which may lead to FY24 EPS of Rs. 200 on a small equity of Rs 3.1 cr. Buy as the business is growing.
- With a P/E of just 6.6x on expected EPS of Rs 85+ in FY24, the shares of Canara Bank is expected to fetch a decent gain of over 30%. This is right time to enter the counter in quiet market. Buy.
- Tata Power receives LoI for Rs. 838 cr. Jalpura Khurja power transmission project. The SPV project to be developed on a build-own-operate-transfer basis for a 35-year service. A big positive. Add.
- Power Grid wins bids for Gujarat & Rajasthan inter-state transmission projects and secures LOIs for similar projects. Its Q3 PAT rose 6.5% q-o-q to Rs. 4,028 cr. with EBIT up by 8% and expenses down 6%. Add for the long term.
- The Adani family invests Rs.8339 cr. in Ambuja Cement and now holds 70.3% stake. It also plans to set up a 600 MW solar power project and 150 MW wind power project in Gujarat and a 250 MW solar power project in Rajasthan. Add.
- Talbros Automotive aims to double its revenue to Rs. 2,200 cr. by FY27 with 'Talbros 2.0'. Their JV secured Rs. 1,000 cr. contract from a major European OEM. Add for growth potential.
- Hindustan Aeronautics secured Rs. 65,000 crore tender for 97 LCA Tejas Mk1A with 65% indigenization components. A strong buy for good gains.
- Concor targets five new terminals by 2024-end and plans Rs. 8,000-10,000 cr. capex by FY27 for expanding infrastructure. A promising long-term investment.
- Schneider Electric, a digital transformation of energy management and automation provider, to invest Rs. 3,200 cr. in India by 2026. Add.
- Kamat Hotels launches IRA by Orchid hotels in Ayodhya and boosts its UP presence amid rising tourism. This new hotel will substantially add to its topline. Add.
- Biocon signs a deal with Brazil's Biomm for Semaglutide, it will develop, manufacture and supply the drug, while Biomm handles Brazil's regulatory approvals in the Brazilian market. Buy.
This is an extract from Money Times Talk is part of oldest, reputed & very popular financial weekly 'Money Times' publication, dated 20th April 2024.
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