HAL to split its share from FV of Rs.10 to Rs.5 and has declared a final dividend of Rs.15. This Defence major is a multi-bagger in the long run. Accumulate.
Manappuram Finance plans to raise funds via. debt offerings for the augmentation of its business. Add in small lots.
PNC Infratech has an agreement with the Ministry of Road Transportation & Highways for three projects worth Rs.819 cr. to be completed in 24 months and operated for next 15 years. A big positive. Add.
Sterlite Tech has introduced a communication system for the Kochi water metro. The project will open up new opportunities for trade, commerce and social interactions. Add.
Pearl Global has announced its strategic expansion into Guatemala by acquiring 55% stake in Pearl GT Holdco Ltd. for $550000 which will be funded internally. A big positive. Add.
Hariom Pipes has commenced production at its Mahabubnagar plant and the total capacity of MS Pipes is now 132000 TPA from 84000 TPA. A big positive. Add.
Kamdhenu Ventures has approved a bonus issue in the ratio of 1:1. It is set to see newer heights. Add.
M&M has received a PLI eligibility certificate. Further, it plans to demerge some of its business verticals to unlock value for its shareholders. A big positive. Add for the long term.
In an attempt to unlock value, Lupin has chalked out plans to demerge its API business. Add for the long term.
Shakti Pumps has reportedly bagged new orders from Uganda and is gearing up to increase its capacity. Add.
The Central Govt. has offered loans of Rs.1.4 trillion to the States to push reforms in the power sector. PFC and REC can be big beneficiaries. Add on dips.
P&G plans to invest Rs.2000 cr. on a factory at Sanand, Gujarat, to make healthcare products and also make it an export hub. Add.
After losses for last three years, Tata Motors has posted profit of Rs.2689 cr. It has plans to generate 50% of its revenue from the EV segment. Add in small lots.
Sheela Foam is set to acquire Kurlon for Rs.3250 cr. which will help enhance its market share and improve its hold in the market. A big positive. Add.
The Govt. is planning a subsidy scheme for making electricity grid batteries worth Rs.21600 cr. This scheme could benefit Eveready. Add.
Canara Bank will raise Rs.7500 cr. via. Tier-I and Tier-2 bonds for onward lending and improving its capital adequacy norms. Buy.
Karnataka Bank stated that the current working is excellent and it will scale new heights in the future. Add on dips.
BEL has won orders worth Rs.2191 cr. from the Defence Ministry for supply of long-range guidance kit with a warhead, airborne V/UHF jammers and other products. A big positive. Add.
Paytm has partnered with Shriram Finance to offer financial services to its users and it may recover the lost ground. Risk bearing investors may add in small lots.
Kalpataru Projects has bagged orders worth Rs.1008 cr. in the transmission and distribution business. Add for the long term.
Hindware Home Innovations is a fast growing company in its segment and is planning to launch a wide range of latest products in the market. Add.
Indian Bank notched FY23 EPS of Rs.44.8, which may lead to FY24 EPS of Rs.55+. A reasonable P/E of 8x could take its share price to Rs.440+. Add.
Canara Bank notched 77% higher FY23 EPS of Rs.62, which may lead to FY24 EPS of Rs.72+. A reasonable P/E of 8x could take its share price to Rs.576. Buy.
Repco Home Finance notched 62% higher FY23 EPS of Rs.50.6, which may lead to EPS of Rs 62 in FY24.
Cigniti Technologies has announced its recognition as Product Challengers and Contenders in the ISG Provider Lens Digital Engineering Services 2023 Study. It notched FY23 EPS of Rs.60 which may lead to FY24 EPS of Rs.72. Buy.
Karnataka Bank shares are being grabbed by investors as it posted FY23 EPS of Rs 37.8 and set to garner Rs 48 in FY24. EPS of Rs.62. MFs and FPIs together hold 32% stake in the in company. Buy.
Chamanlal Setia notched 82% higher FY23 EPS of Rs.22.8, which may lead to FY24 EPS of Rs.30+. Buy.
Chennai Petroleum shares are being bought by interested parties as this Indian Oil subsidiary has notched FY23 EPS of Rs.231. Add for good returns.
Geekay Wires notched 204% higher FY23 EPS of Rs.26, which may lead to FY24 EPS of Rs.45. Buy.
KKR's Highways Infrastructure Trust may acquire 12 road projects from PNC Infratech for Rs.9000 cr. in addition to its order book of Rs.15676 cr. as at FY23. Add.
PFC recorded FY23 PAT of Rs.15889.33 cr. while it is available at market cap of Rs.51984 cr. The book value of its share is Rs.319. Accumulate.
Hindustan Oil Exploration posted FY23 NP of Rs.194 cr. from Rs.20 cr. YoY. It is plans to drill 18 wells in Arunachal to increase its production. Keep it on your radar.
ITD Cementation’s FY23 PAT rose 80% and FY24 looks more promising. It has huge orders on hand worth Rs.20044 cr. Add for good returns.
Anantraj’s FY23 NP zoomed 176% and it has aggressively ventured into the Data Centres business, which is a highly profitable rental business. Add.
Texmaco Rail’s Q4FY23 PAT zoomed 222%. It has bagged an order for 20067 wagons worth Rs.6450 cr. and more big orders are in pipeline. In FY24, a growth of 30-35% is expected due to huge order book. Add,
TAJ GVK Hotels posted 706% higher PAT in FY23. Its share trades at a P/E of 18.6x which is the cheapest compared to EIH, Chalet Hotels, Lemon Tree Hotels etc. Add for hefty gains.
NTPC made 52-week high on 30th June with big volumes and is likely to hit double century very soon. Keep it on your radar.
Himatsingka Seide’s Q4PAT rose 178% to Rs.22.35 cr. from Rs.8 cr. in Q4FY22. Its Q1FY24 profit is likely to improve further due to sharp decline in cotton prices. Add.
Shilp Gravures recorded PAT of Rs.7.81 cr. HNI Ashok Lodha holds 2.42%, S. D. Patel holds 1.44% and M. Lodha holds 1.43%. The share is at very attractive valuation cum 21% dividend. Add.
Friday market rumours had it that Poonawala Fincorp or Blackstone group may take a stake in Indiabulls Hsg. Finance. If this happens, it can cross its 52-week high of Rs.159. Add.
Sigachi Ind. will issue 1,10,00,000 convertible warrants at Rs.261 to the promoters and certain non-promoter entities. Add for good returns.
Gulshan Polyoils CMP is below its QIP price of Rs.326. In FY23, a huge capex revalued its fixed assets from Rs.200 cr. to Rs.800 cr. Its new grain based Ethanol plant of 500 KLPD capacity is operational. Add for hefty gains.
NRB Bearing’s Q4 PAT rose 93% from Rs.17.46 cr. in Q4FY22. The promoters bought 132716 shares on 23rd June from the open market. HDFC Small cap Fund holds 9.25% stake in it. Add for good returns.
BDH Industries exports therapeutic formulations to over 60 countries and posted excellent results in FY23. It is available at very attractive valuation cum 40% dividend. Keep it on your radar.
Hariyana Ship Breakers notched Q4 EPS of Rs.6. Its P/BV is just 0.36x. It is a big beneficiary of the scrapping policy. The promoters hold 75% of the equity capital. Add for hefty gains.
Sinclair Hotels notched Q4 EPS of Rs.7.33 and a dividend of 75% has been declared. It recently did a buy-back at Rs.143. Buy for hefty gains.
FIIs are continuously raising their stake in NCC and Prakash Industries. Keep them on your radar.
Kuantum Papers has approved the capex projects for modernization worth Rs.285 cr. India’s Paper industry is expected to grow at a CAGR of 6.63% by 2028. Buy.
ThinkInk Picturez FY23 revenue rose 170% YoY. It has an inventory of 50+ stories which includes films, web series and TV shows that are to be rolled out in partnership with renowned M&E players. Add for good returns.
Mishtann Foods promoters recently increased their stake. It also reported stellar earnings for Q4FY23. Earlier, Nomura Singapore Ltd. ODI, increased its stake to 1.28%. Buy.
Rajesh Exports had signed a pact with the Karnataka Govt. for a 5 GWh lithium-ion cell factory for Rs.181 billion PLI programme to produce advanced chemistry lithium-ion cells. Add.
Suzlon Energy has 20 GW wind energy installations across 12647 wind turbines across 17 countries. Its order book stood at 652 MW as at FY23 and orders secured subsequently stand at 890 MW. Add for hefty gains.
Univastu India’s FY23sales rose 36.67% to Rs.80.13 cr. from Rs.58.63 cr. in FY22. Its EBITDA improved from Rs.12.84 cr. to 14.69 cr. and PAT grew from Rs.5.22 cr. to Rs.6.58 cr. which may rise t in coming years as it consistently bags new orders. Add.
Synoptics Technologies maiden in IPO on NSE SME opened on 30th June and will close on 5th July. Co. had a robust order book of Rs 28 cr. as of 31st May. Financially,it posted 57% growth in revenue and 137% in PAT in FY 22.
Cressanda Solutions’ Rs. 49.30 cr. Rights Issue opened for subscription. Company has entered the A Group – a big positive for the stock with a long-term perspective.
Permanent Magnets share has quadrupled on use of magnets in electric cars. A hidden gem in the same space is Delta Magnets. At the CMP of Rs.77 with 52-wekk high/low of Rs.108/61, it could provide good returns. Add.
VFX players are enjoying a booming business. Prime Focus, an old and established VFX player, is a fundamentally strong company. Its stock trades at a P/E of just 10x. Keep it on your radar.
Keep Automotive Stampings on radar as it not only supplies to parent Tata Motors but also to other OEMs. Its 52-week high price is Rs.900+ whereas the stock trades at around Rs.400. Accumulate.
Welspun Enterprises which is into waste management, plans to double its revenues and profits in the coming two years. Add for the long term.
In a growing economy, financial services play a key role. Must look at Shriram Finance, which is diversifying after restructuring. A proven management track record and low valuation makes it attractive.
L&T Finance is restructuring its businesses. Again an attractive valuation
Also look at *Cholamandalam*. A trustworthy corporate house with consistent growth
Dhunseri Ventures is into PET resin, Fast Food chain & Infrastructure. It posted FY23 NP of Rs 542 cr. in FY23 with an EPS of Rs 155. Stock is trading below PE of 2x. With a strong balance sheet and all businesses doing well buy it for 50% returns in the short term.
Summit Securities, holding co. of the RPG group, is valued around Rs 7700 cr. but the stockis trading at 90% discount to its NAV of Rs 7000/ share whereas holding cos. of other groups trade between 50% to 75% discount only. It may cross 4 digit mark soon. Buy.
Money Times Talk is part of 'Money Times' publication.
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