Money Times Talk - July 16, 2023
Indian Oil plans to raise Rs.22000 cr. via rights issues to fulfill its green ambition plans. Add for decent gains.
DCM Shriram Industries is foraying into Drones in a tie-up & equity participation with Zyrone Dynamics of Turkey. Recently, it signed an MOU with Skylock of Israel to manufacture anti-drone systems and has also developed a new bullet-proof vehicle. Its stock is poised for strong re-rating. Buy.
The Govt. is firm on doubling E-vehicle penetration in India and its large order for E-busses to Olectra Green is a concrete example. Add for the long term.
Idea Forge, which listed at 94% premium to its IPO price, is set to gain further. Add in small lots.
Opportunity to acquire a gold mine! Gujarat Govt. PSU shares will not come back soon. Buy GSFC, GNFC and GMDC before they flare up.
Suzlon to raise Rs.2000 cr. by way equity shares or convertible bonds or non-convertible bonds with or without convertible warrants. Accumulate.
Tinna Rubber will be the biggest beneficiary of the 2.5% mandatory use of recycled rubber in tyre manufacture given its exports to Bangladesh, Japan Thailand and Indonesia. Money Times recommended this scrip at Rs.356 about 4 months back. Even now at Rs.603, it is promising. Add.
RMC Swithgears has big expansion plans and its share price is poised for a rapid rise. Buy.
Indian Railways to revamp the entire signalling system at Rs.1 lakh crore. IRCON will be a very big beneficiary. Add.
Granules India’s Gagillapur facility has received EIR from USFDA. A big positive. Add.
Beware of rumors and false news about Lloyds Steel and Crane Software, where investors were duped in the past. Investors must stay clear and not jump into doubtful penny stocks.
M&M is in talks for Rs.5000 cr. EV push from British Intl. and other UK investors. On the domestic front, it continues to break all records. Add.
TCS clocked one of the slowest Q1 in the last few years. Stay away for some time as the markets look fully priced and a correction may be near.
PFC to raise NCDs of Rs.10000 cr. to propel its business, which continues to be excellent. Add.
India plans a biofuel alliance with some OPEC companies and ramp up present capacities. Kotiyar Industries may be a big beneficiary. Add.
Wipro to invest around Rs.100 cr. over the next few years on artificial intelligence. It has always rewarded patient investors. Add.
HCL posted a subdued Q1 with NP rising only 7.6% and revenue to Rs.26296 cr. The share looks overpriced. Sell now and buy back later.
Household spending on FMGC is rising. Buy Marico and Jyothy Labs.
Vedanta chief, Anil Agarwal, is determined to venture into semiconductors and enter the chip market this year. Add.
Indo-France defense ties are the highlight of PM Modi’s visit to France. Buying Rafale for the Indian Navy and making engines will be a very big boost for HAL. Add on dips.
Auto ancillaries in the EV segment will be the flavor of the season. Uno Minda has shown a CAGR of around 59% over the last 10 years. Add.
US FDA's GMP inspection of Gland Pharma’s Dundigul plant is over. It serves over 60 countries and has a strong foothold in the industry. Add in small lots.
RPP Infra Projects has new orders worth Rs.289.3 cr. taking its total order book to Rs.3000 cr. It has notched Q4 EPS of Rs.4.3, which may lead to FY24 EPS of Rs.15+. Buy for 30% gain.
Prakash Pipes is the cheapest PVC pipe share with a forward P/E of 4.7x against the industry average P/E of 47x. It notched 51% higher Q4 EPS of Rs.8.3 and 45% higher FY23 EPS of Rs.29.8, which may lead to FY24 EPS of Rs.35. Buy for 30% gain.
Federal Bank notched FY23 EPS of Rs.15 and 39% higher Q1FY24 EPS of Rs.4.2, which may lead to FY24 EPS of Rs.19+. Buy for 30% gain.
Bright Brothers’ wholly-owned subsidiary, Bright Brothers LLC has started commercial production in Wisconsin, USA. A big positive. Add on dips.
DCB Bank gets RBI nod to sell up to 7.5% stake to Tata Asset Management Pvt. Ltd. Also, Max Life has partnered it to offer a comprehensive range of life insurance solutions. Buy.
Gallantt Ispat to buy railway wagons and avail l0% rebate on railway freight rate for 15 years and thereby save 25% on freight cost (10% rebate + 15% on premium indent). Buy on dips.
PCBL commissions its specialty chemicals capacity expansion in Gujarat, which takes the total chemical production capacity of Mundra plant to 40000 TPA. Add on dips.
MSTC notched 63% higher Q4 EPS of Rs.10.9 and 22% higher FY23 EPS of Rs.34.4. Heavy investment buying could take its share price to new highs. Add.
Indian Bank notched Q4FY23 EPS of Rs.12.2 and FY23 EPS of Rs.44.8, which may lead to FY24 EPS to Rs.55+. A reasonable P/E of 8x could take its share price to Rs.440+ in the medium term. Add.
Dhunseri Ventures is setting up a film packaging plant and has notched FY23 consolidated EPS of Rs.155. Buy for 40% gain.
Summit Securities at a market cap of Rs.880 cr. is available at 90% discount to its holdings of Rs 8900 cr. in Ceat, KEC Int’l., Zensar, Spencer Int’l. Since all RPG (Harsh Goenka) cos. have rallied in the last 3 months significantly, add it for hefty gains.
L&T mirrors the India story including IT, Defence, Infra, Shipbuilding, etc. With a proven quality management, it is a must for every portfolio.
Bharat Forge is a behemoth that encompasses defence, oil & gas, automotive, etc. Another must for every portfolio.
Biocon is a super story that gets revealed in stages. Hurry and grab this blue chip.
Modison has ventured into electrical processors for aerospace, defence, railways and automotive industry. A big positive given the momentum in defence stocks. Add for 20% gain.
With all defense stocks booming, one can look at GOCL Corp which manufactures of explosives. Also, Lokesh Machines which is into manufacturing of small arms. Keep them on your radar.
With large cap IT stocks booming on Friday, keep an eye on Mid/small cap IT stocks this week. Genesys International into 3D mapping has nearly halved from its 52-week high. Add.
Rising energy costs & pollution control has made manufacturing in Europe unviable and many plants are shifting to developing countries. Buy Narmada Gelatin now bought by a Japanese co.
Satin Creditcare Network recorded highest ever daily and weekly volumes on Friday, which indicates that something big is cooking. It posted 59% hn higher PAT, 39% higher NII, 20% higher AUM and 47% higher disbursement in Q4FY23. Add for decent gains.
Competent Automobiles is available at a throwaway valuation at a market cap. of just Rs.189 cr. Its FY23 revenue stood at Rs.1731 cr. with an EPS of Rs.40.24. The share trades at a P/E of 7.15x and P/BV ratio of 0.60x. The book value of its share stood at Rs.505. Keep it on your radar.
BDH Industries posted an excellent FY23 with RoE of 16.27%, RoEC of 19.61% and an EPS of Rs.14.25. Its share is 40% cum dividend and available at a P/E of 11x. Keep it on your radar.
Vedavaag Systems secured a big order worth Rs.72 cr. for implementation of IP based video surveillance systems covering 1002 railway stations. A big positive. Add for hefty gains.
On Friday, a powerful bullish breakout was seen in PSU GMDC. Keep it on your radar.
Midhani engaged in specialized forgings for defence components is likely to cross its 52-week high soon. Add.
On Friday, HSCL hit a new 52-week high with big volumes. Further, the Q1FY24 results will be published on 18 July. Keep it on your radar.
Day by day trading & delivery volumes are rising in *HCC* and it is likely to cross its 52-week high soon. Add.
Patel Engg.. secured orders worth Rs.7700 cr. in FY23 and its growth trajectory will continue in FY24. Kedia Securities of Vijay Kedia has added 30 lakh shares in Q1FY24.
On Friday, a bullish breakout with volumes was seen in Allied Digital Services. It declared FY23 dividend of 25% against 20% in FY22. Its Q1FY24 results will be out on 31 July. Add.
On Friday, Genus Power hit its 52-week new high with very big volumes. Keep it on your radar.
As per market grapevine, Anantraj is likely to cross Rs.200. Keep it on your radar.
D B Corp hit a new 52-week high on Friday with big volumes. Keep it on your radar.
Hindustan Oil Exploration’s subsidiary has bought the balance 50% shares of Geoenpro Petroleum, which raises its interest in the Kharsang oilfield to 35% with the right as operator to the block. Keep it on your radar.
On Friday, Shalby hit a new 52-week high with big volumes. It also announced its partnership with Sardar Vallabhbhai University to jointly develop a full time BBA in healthcare and hospital management. Its Q1FY24 results will be out on 20 July. Add.
On Friday, NCC hit a new 52-week high with big volumes. FIIs are raising their stake in the company. Its order book stood at Rs.50244 cr. as at 31 March 23. Buy.
Bullish breakout was seen in ITD Cementation with volumes. It notched 80% higher FY23 PAT and FY24 looks more promising as it has huge orders worth Rs.20044 cr. Add for good returns.
RKEC projects to install and commission TLF Skid at Kochi LNG Terminal for Rs.21.17 cr. in 12 months. Its order book stood at Rs.1000 cr. Keep it on your radar.
Aries Agro posted FY23 profit of Rs.20.23 cr. and EPS of Rs.15.56 on its equity of Rs.13 cr. With reserves of Rs.215 cr., the book value of its share works out to Rs.187. Further, it has a RoCE of 14.4%. FIIs are raising their stake in the company. Add for good returns.
Sanmit Infra intends to venture into eco-friendly green cremation system with use of less wood. The board has approved the addition of this business to its main object clause. Add.
Shreeji Logistics, a surface logistics and parcel delivery service provider, has renewed its contract with Singapore Airlines. Buy.
Money Times Talk is part of 'Money Times' publication.
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