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All technical indicators says loudly that Dow Jones, Nifty, Senex, Bank Nifty & most of all individual stocks are in the overbought zone. There for new investment/trading without strict stop loss may destroy capital unexpectedly. So trade/invest with strict stop loss or enjoy the ride by just watching.
- Anupam Rasayan, leader in specialty chemicals with 73 customers including 29 MNCs, has won the prestigious CII Award for Best Industry Practice in Waste Management.
- Venus Remedies has consolidated its position in the Asean region, South America and Eastern Europe with 506 registrations for key cancer drugs. It is collaborating with Cipla to develop Ceftriaxone Sulbactum EDTA drug in India and has posted excellent Q2 results. Buy
- Styrenix Performance, leading global styrenics supplier with products in automotive, electronics, packaging, household, construction, healthcare, toys, sports etc. has notched H1FY24 EPS of Rs 50.5, which may take FY24 EPS to Rs. 110+ from Rs. 104 in FY23. Buy for 20% gain.
- Cash-rich International Conveyors, leading manufacturer of conveyor belting systems, notched 176% higher H1 EPS of Rs.5.8, which could take FY24 EPS to over Rs. 12 on its small equity of Rs 6.3 cr. Buy.
- IIFL Securities, a key player in both retail and institutional segments with 2500 offices across 500 cities has notched 87% higher H1 EPS of Rs.6, which may take FY24 EPS to Rs.12+. It has a net surplus of over Rs.5500 cr. Buy for 30% gain.
- Funds and FIIs have bought a large chunk of Canara Bank, which posted 54% higher H1 EPS of Rs.41.5 as against FY23 EPS of Rs 62 and may post FY24 EPS of Rs.83+. A reasonable P/E of 7x could take the share price to Rs.595. Buy.
- DCB Bank has RBI approval for 7.5% stake sale to Tata Asset Management and partners Max Life for life insurance solutions. Its H1 EPS up 25% to Rs.8.1, which could take FY24 EPS to Rs.18. Buy for 20% gain.
- Ceinsys Tech wins Rs. 248.4 cr. order for a Centralized IoT Platform from the Govt. of Maharashtra for Jal Jeevan Mission Projects. Buy for the long term.
- J. Kumar Infra bags Rs.509 cr. orders from the Command Hospital, Lucknow, taking its total orderbook to over Rs. 18,000 cr. Buy.
- Coal India records a robust 11.3% YoY growth producing 333 MTT of coal in H1FY24. All its subsidiaries also reported growth. Buy.
- Tata Motors and HDFC Bank tie-up to provide financial solutions to customers wanting to buy cars. Positive for both. Add.
- With India’s renewable energy capacity to cross 170 GW by FY25, PFC will have huge business prospects. Its share price is rising but can go up further. Add.
- Cash strapped Spicejet to raise fresh capital through equity and/or convertible debentures. Its financial improvement will boost its share price too. Risk-bearing investors may enter.
- Maruti Suzuki to hike prices of cars next month. With 50% market share, it a good long-term buy.
- Indian Oil leads with EV charging stations at petrol pumps. Venturing into hydrogen energy makes it one of the safest investment bets now.
- Buy Jai Corp as it is the highest bidder for debt laden Rolta Ltd.
- Ban on the use of cane sugar with ethanol amid low sugar output opens big opportunity for BCL Industries, which makes ethanol from grains. The share is poised to rise rapidly. Add.
- The Karnataka Bank share has risen sharply given its improved fundamentals but is still below its book value. Add.
- Thermax to set up a Rs. 500 cr. Bio-CNG plant and plans for 1 GB of hybrid renewable energy by 2027. A big positive. Add at every decline.
- Nitin Gadkari sees India as a global leader in the construction equipment industry. Buy ACE construction.
- L&T Technology Services bags a multiyear engineering services deal from British energy giant BP. A big positive. Buy.
- Wipro inks a 3-year deal with British insurer RSA. Add.
- Yes Bank to sell Rs. 4200 cr. of corporate and retail bad loans. Its share price has already started rising. Buy for the long term.
- Shriram Finance to raise about $ 500 mn via asset backed securities and see better times ahead. Add on declines.
- Hindalco to set up a Rs. 800 cr.? aluminum plant in Odisha. Its battery grade foil will be ready by July 2025. Buy.
- IRCTC Ltd.?to gain huge from the Railways major expansion plans in the non-railway catering business across the country.
- MOIL and GMDC inks 51:49 JV for mining manganese ore in Gujarat. Positive for both companies. Buy.
- Jupiter Wagons bags Rs. 1617 cr. order to manufacture 4000 BOXNS wagons. A big positive. Add.
- Deepak Seth, founder chairman of Pearl Global Industries, won the 'Icon of the Indian Apparel Industry' award from the AEPC for the highest exports in woven garments. Buy for good gains.
- Pearl Global Industries, won the 'Icon of the Indian Apparel Industry' award from the AEPC for the highest exports in woven garments. Buy for good gains.
- Genus Pnus PGenus Power Infra’s wholly owned subsidiary gets LOA for Rs. 1926.31 cr. worth Advanced Metering Infrastructure taking its order book to over Rs. 20,000 cr. and 27% market share. Buy.
- Subros to enhance the market share of its products in cars from 42% to 45% and from 51% to 55% in the truck segment. This will help improve revenue and margins. Add.
- Franklin Industries to split Rs.10 face value share into 10 shares of Re.1 each. It posted 274% higher H1Fy24 revenue 15.8 cr. and EBITDA zoomed 429% to Rs. 1.83 cr. with a higher margin of 11.5% as against 8.19% in H1FY23. Add.
- ABC India, a full-service logistics provider, is trading at low valuations with PE of just 16x, MCap/ Sales of mere 0.3x. Its FY23 EPS was Rs. 7.86. Promoters hold 65%, HNIs & NRIs hold 9.6% and the ADANI Group also has stake in it. Buy for multi bagger gains.
- Bullish breakout came in YES Bank with volumes. Keep on radar for 20% gain.
- NSE SME QMS Medical to acquire Saarathi Healthcare Pvt., which conceptualized & launched one of the first disease management programs in India. Its focus on patient- centric disease management impacts over 1 lakh patients every month. This acquisition will boost QMS’ revenues & PAT. Hold for 40% gain.
- Bullish breakout in IOL Chemicals & Pharma seen on Friday. Stock may cross its 52 weeks high of Rs.536. Add.
- NSE SME Arabian Petroleum posted 156% higher H1FY24 profit of Rs.3.46 cr. v/s Rs.1.35 cr. Y-O-Y. Keep on radar for good gain.
- HFCL unveils cutting-edge surveillance radars via its subsidiary Raddef. Itis also
- Itis also developing drone detection radar over and above its digital networks & telecom products. Keep track for 25% gain.
- Simran Farms posted H1FY24 EPS of Rs.9.41. Its winter sales are higher and may lead to FY24 EPS of about Rs.25+ on its small equity of Rs.3.79 cr. HNIs & NRIs hold around 11% stake and include Dolly Khanna, Devika Anand, Mr. Siddhartha & Manu Chhabria. Buy for 30% gain.
- IRB Infra hits a new 52 weeks high with volumes on Friday 15th Dec. Keep it on your radar.
- BSE SME Resgen Ltd. notched H1FY24 NP of Rs.2.61 cr. v/s Rs.2.05 cr. in H2FY23. It manufacturers pyrolysis oil from plastics waste. Its compounded profit growth is 211% in last 3 years. Stock may cross its 52 weeks high Rs.85. Add.
- Anantraj hits a new 52 weeks high on Friday 15th Dec. Keep it on your radar.
- Indiabulls Housing Finance hits a new 52 weeks high on Friday. Under the new dynamic management, it is likely to restore its past glory. Keep it on your radar for very good returns in medium to long term.
- Strong bullish breakout came in Satin Credit Care Network on Friday & likely to hit triple century. Add.
- NSE SME SHRITECH posted H1FY24 PAT of Rs.5.22 cr.? post expansion & start of its new solar plant which will boost its profitability. Keep it on your radar for 25% gain.
- Bullish breakout came in Morepen Lab with huge volumes on Friday. Keep it on your radar for good gain.
- BMW Industries, a trusted partner of SAIL, Tata Steel etc., since three decades, posted 58% higher H1FY24 NP of Rs.33 cr. v/s Rs.21 cr. in H1FY23 and paid 22% interim dividend. Its equity of Rs.22.51 cr. is supported by huge reserves of Rs.581 cr. and promoter holding 74%. Keep it on radar for 30% gains.
- Indotech Transformers posted 431% higher Q2FY24 NP of Rs.7.07 cr. v/s Rs.1.33 cr. Y-o-Y. It recently won an order of Rs.62.70 cr. Keep it on your radar for very good gains.
- NSE SME Infollion Research Services operates in a tech-oriented segment on a B2B human cloud model. It notched128% higher H1FY24 PAT of Rs.4.23 cr. v/s Rs.1.86 cr. in H2FY23. Its IPO was oversubscribed by 561 times and QIB portion was oversubscribed by 70.72 times. It is almost debt free and its 3 years ROE is 36%. Keep on radar for good return.
- NSE SME UNIHEALTH which posted H1FY24 NP of Rs.4.24 cr., recently announces a collaboration with Myanmar Airways Int. to launch the UniHealth – MAI medical travel program. Keep track for good gains.
- PNB hits a new 52 weeks high of Rs.91.81 with record break volumes and is likely to hit century soon.
- Shri Bajrang Alliance to co-manufacture several of Nestle products. A big feat for a Rs.300 cr. market cap co. as Nestle is the world’s no.1 food co. With BV of Rs.300 and at P/E multiple of 10x, this stock is a potential multibagger like Varun Beverages and Hindustan Foods. A screaming buy.
- Chemical stocks are seeing bottom-up buying. Lords Chloro Alkali is available near its 52week low. At Rs.175 and a 52 week high of Rs.400, there’s hardly anything to lose and one can gain a quick 20%.
- Swaraj Engines now fully owned by M&M can see its fortunes change. Rajesh Jejurikar, ED of Mahindra Auto and Farm division, now heads Swaraj Engines as Chairman. Last year M&M bought the stake from its partner Kirloskar and is now the sole owner. Add.
- Indian Hume Pipe has work orders of nearly Rs.4000 cr. and is available at a mkt cap of Rs.1400 cr. It recently tied up with developers for joint development of its vacant land in Pune. Keep on radar.
- Ritezone is a Microcap counter with Mcap of just Rs. 27.5 cr. It trades at PE of just 25.9x against industry PE of 30.8x. It has minimal debt and has a DE ratio of just 0.06x. With chemical stocks gaining fancy, we expect good momentum in this counter.
- GTN Industries is highly undervalued and trades at Mcap of just Rs. 73.9 cr. It trades at just 0.79x its BV and has minimal debt with debt: equity ratio of just 0.26x. With textile stocks in focus, we expect this microcap gem to perform well yielding good returns in the short term.
- Dev Information Technology to acquire 100% stake of Dhyey Consulting Services Pvt Ltd. for Rs. 9 crore, split between bank transfer and issue of preference shares of Dev Information Technology. Add.
- Rajnandini Metal bags orders of Rs. 111.42 from KEI industries Ltd., Orient Cables India Pvt. Ltd., Dailmer Industries Pvt. Ltd., Paramount Communications Ltd., Svarn Infratel Pvt Ltd., amongst others. Buy.
- GM Polyplast, leading manufacturer of HIPS, ABS, PET, PP, HDPE Sheets, and premium quality Granules, participated in Plastivision 2023 and fetched an overwhelming response. It constructively engaged with a diverse audience, including international customers. Add.
- Prime Fresh, a leading player in the national fruits and vegetables supply chain management, to form a wholly owned subsidiary and approved investment and capital infusion in the same. Add.
- Windfall demerger gains are in store for the shareholders of Aditya Birla Capital, Buy for long-term.
- Colorful gains are on the way for penny stock Vikas Ecotech, with the recently bagged patent for its paint polymer. Buy for quick gains.
- The aviation industry is flying. The best benefits will come to Interglobe Aviation (Indigo Airlines) Not to be missed.
- Maruti is the best beneficiary of the auto boom. Cash rich with the wildest range, super distribution, this undervalued stock deserves a permanent place in the portfolio.
- LIC housing Finance is the most undervalued in its peer group. The real estate bonanza is going to benefit tremendously.
This is an extract from Money Times Talk, part of 'Money Times' publication, Dec 16th, 2023.
#teachingtrading #investing #algotrading
