Money Times Talk

*Money Times Talk*

*August 6, 2023*

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The Blackstone Group has acquired over 71 lakh shares of *Indiabulls Housing Finance*. MFs and FIIs, too, are continuously acquiring. Add for hefty gains.

Analysts expect a rise in the stock price of *Reliance Industries* due to upcoming AGM on 28 August 2023, at which some important announcements can be made. Hold/Add.

*IDFC* Q1FY24 results were subdued in the absence of its AMC business which was sold in March 2023 to facilitate its merger with IDFC First Bank. Adding its network of 450 branches to the Bank will give a big boost to the merged Bank. Strong re-rating is expected in both IDFC & IDFC First Bank shares. Add.

*Reliance Capital* posted turnaround Q1 results but has still a long way to go. Risk bearing investors may enter with strict stop loss limits.

*Zomato* reported Q1 profits of around Rs.2 cr. as against a loss of Rs.186+ cr. in Q1FY23. This turnaround situation may boost the stock price. Accumulate.

*Bharti Airtel* recorded Q1FY24 PAT of Rs.1612 cr. on the back of rising average revenue per unit (ARPU). Total capex spend for Q1FY24 was Rs10486 cr. Add.

*Adani Power’s* Q1 PAT rose 83% YoY to Rs.8759 cr. The plant load factor (PLF) was also positive. All parameters point to rising profits. Add.

*Dabur India’s* Q1 NP rose 5% to Rs.464 cr. which was not in line with market expectations. However, selling is not advised. Retain.

*MRF* posted higher Q1 NP of Rs.589 cr. Its share looks good at any price. Add.

*Tube Investments*’ Q1 PAT grew 10% YoY to Rs.214 cr. in spite of rising input costs. Its share price looks underpriced. Add.

*Ambuja Cements* profits grew 20% on improved operational efficiencies and higher other income. It has also acquired 56.74% in Sanghi Cements for Rs.5000 cr. Its share is posed to fare better in FY24. Add.

*Mankind Pharma’s* Q1 profit rose 66% to Rs.464 cr. on the back of higher volumes and strong traction in chronic therapy segment. Add.

*Welspun Enterprises* posted all-around growth in profit, sales and profit margins. It has an order book of Rs.9600 cr. Add.

*Coal India* plans to change its name to CIL Energy India to reflect its future business plans beyond coal mining. Add.

*HPCL* notched Q1FY24 EPS of Rs.43 as against a negative EPS of Rs. -63.26 in Q1FY23. A big positive. Add.

*Power Grid* has good long-term prospects and plans to invest Rs.1.8 lakh crore over the next few years. Although its Q1 profit fell by 5%, it still remains a good buy. Add.

The bearings industry is expected to grow by about 11% in FY24. *Menon Bearings*, which has large domestic and export orders can be a good investment. Add.

*Eicher Motors* is riding ahead on its highest ever Q1 profits of Rs.918 cr. It is many steps ahead of its competitors as stated by its MD, Mr. Sidharth Lal. Add.

*LIC Housing Finance’s* Q1 NP rose 43% to Rs.1323.6 cr. on the back of strong performance in the NIMs. Further, the individual home loan segment grew 10%. Add for the long term.

*Karnataka Bank’s* Q1 PAT rose 225% to Rs.70.7 cr. Casa Ratio and Capital adequacy norms stood at 32.19% and 17% respectively. It expects this performance to continue. Add for hefty gains.

*Kansai Nerolac Paints* notched Q1FY24 EPS of Rs.9.13 as against Q1FY23 EPS of Rs.1.93 and surpassing FY23 EPS of Rs.5.86. A big positive. Add for decent gains.

Singapore based global investment firm, Temasek, is set to invest Rs.1200 cr. in the passenger EV segment of *M&M Ltd*. A big positive. Add.

*Kalyan Jewellers* is on a big expansion mode and plans to open 11 showrooms across India. Add.

*SBI’s* Q1 NP rose 178% to Rs.16884 cr. Besides, its slippages were also within tolerance levels. Add.

*Deep Industries* notched 58% higher Q1 EPS of Rs.4.9, which may lead to FY24 EPS of Rs.22 as against FY23 EPS of Rs 13.8. Add for 30% gains.

*MSTC* notched 63% higher Q4 EPS of Rs.10.9 and 22% higher FY23 EPS of Rs.34.4. Heavy investment buying could take the share price to new highs. Add.

*Geekay Wires* notched 219% higher Q1 EPS of Rs.8, which may lead to FY24 EPS of Rs.37 as against FY23 EPS of Rs 26. Its share trades at a P/E of 7.6x as against its peer DP Wires which trades at a P/E of 13.6x. Accumulate.

*20 Microns* notched 11% higher Q1 EPS of Rs.4.2, which may lead to FY24 EPS of Rs.16+ as against FY23 EPS of Rs.11.9. Add for 30% gains.

*Venus Remedies* has received marketing authorisation for key cancer drugs from Philippines, Paraguay, Georgia and Moldova. Further, its oncology product registrations have gone up to 506 with marketing approvals from four more countries. Add.

*Karnataka Bank* notched 225% higher Q1 EPS of Rs.11.8, which may lead to FY24 EPS of Rs.46+ as against FY23 EPS of Rs.37.7. Accumulate.

*NR Agarwal* notched 24% higher Q1 EPS of Rs.23.8, which may lead to FY24 EPS of Rs.68 as against FY23 EPS of Rs.58.4. Accumulate.

*Oriental Carbon* notched 9% higher Q1 EPS of Rs.9.9, which may lead to FY24 EPS of Rs.55+ as against FY23 EPS of Rs.48.7. Accumulate for the long term.

*Petronet LNG* posted 15% higher Q1 EPS of Rs.5.5, which may lead to FY24 EPS of Rs.25+ as against Rs.22.2 in FY23. Add for the long term.

*Cigniti* notched 44% higher Q1 EPS of Rs.16.3, which may lead to FY24 EPS of Rs.70 as against FY23 EPS of Rs.61.3. Add.

Adani has again started its acquisition spree by recently acquiring Sanghi Cement. *Saurashtra Cement* trades the cheapest in the lot on a per tonne basis. Keep it on your radar.

Since govt. is insisting on Chinese cos. to localize operations, all electronics manufacturers to set base here or outsource from Indian cos. *Optiemus Infracon* recommended last week rose 20% while *Palred Technologies* has tied-up with a Chinese mobile manufacturer. Keep them on your radar.

*SKM Egg* shows phenomenal growth in both topline and bottom-line. Its share trades at a P/E of less than 10x. Add for 50% gain.

*Som Distilleries* has tied-up with Heinekein and has licenses from several states for whisky and beer sales. This gives it headroom to grow consistently for the next 5-10 years. Add on dips.

*Deccan Gold* recommended last week rose from Rs.75 to Rs.110. Prudent to book some profits and re-enter at lower levels.

*M&M* story is revving up and all its investee companies are doing well. It is available at very attractive valuation. Add.

In spite of good results and unique portfolio, *Bosch* is ignored. It is bound to be re-rated. Add.

*Navin Fluorine* is getting stronger. If one ignores the short term, this is a blue chip at an undemanding valuation specially considering the huge capex. Add for the long term.

*TNPL* has various business such as paper, paper boards, cement and power generation. Its stock trades at a P/E of 4x on FY24E. Add for 30% gains.

*Summit Securities* is available at 89% discount to its holding of Rs.8800 cr. in KEC, ZENSAR and CEAT. Add for decent gains.

*RattanIndia Enterprises* comprises of tech focused new age businesses including e-commerce, electric vehicles, fintech and drones. In EVs, its Revolt Motors leads in E-motorcycles while subsidiaries NeoSky and Throttle Aerospace Systems are leaders in the drone industry. Last week, its stock recorded highest weekly volume and formed a flag pattern break out. Add for hefty gains.

*Rudra Global Infra* doubled its TMT bars capacity to 2.4 lakh TPA. For FY23, its PAT rose 64.65% to Rs.13.88 cr. It has given second best weekly closing in last 5 years & ready for an upmove. .

*HCC*, leader in building infra projects, recorded Q1FY24 PAT of Rs.52.7 cr. as against loss of Rs.280.7 crore. Its order book stood at Rs.13568 cr. Further, a right issue may be on the card. Add for 50% gains.

*Satin Creditcare Network* recorded Q1FY24 PAT of Rs.88 cr. as against loss of Rs.210 cr. Its AUM grew 26% to Rs.9535 cr. Management expects 25%+ growth in FY24. Looking at the P/BV, it is the cheapest listed MFI company. Add.

*Univastu* India’s last 5 years PAT grew at a CAGR of 19%. Infra stocks are in dream bull run. Add.

*Midhani* hit new 52-week high Rs.390 on 4th August. It has played a vital role in the successful launch of the Chandrayaan-3. Its Q1FY24 results are on 8th August. Keep it on your radar.

*Texmaco Rail* posted Q1FY24 NP of Rs.8.53 cr. as against huge loss of Rs.24.35 cr. in Q1FY23. It awaits an order of 10000 wagons. Further, it expects exports to rise going forward and plans to raise fund via. QIP. Keep it on your radar.

Companies in earth moving, earth equipment and mining related activity are in big demand. *Gujarat Apollo*, a debt-free company, posted 52% rise in FY23 profit. It has a BV of Rs.406. Due to the new mining policy, FY24 looks more promising. It is available at 20% cum dividend. Add for hefty gains.

*Aries Agro* has bought 1-acre land in U.P. to shift its factory from a leased premise and also expand. It posted FY23 profit of Rs.20.23 cr. with an EPS of Rs.15.56. Its BV is Rs.187 and RoCE is 14.4%, respectively. FIIs are raising their stake too. Due to a good monsoon FY24 looks more promising and its Q1FY24 results are on 10th August. Add.

Authum Investment bought 726113 shares of *Veranda Learning* taking its total stake to 6%+. VL’s enrolments zoomed to 4 lakh from only 60k last year. It made 3 new tie-ups to enhance and diversify its revenue. Its Q1FY24 results are on 9th August. Keep it on your radar.

*Time Technoplast* posted FY23 net profit of Rs.223.77 cr. with an EPS of Rs.9.69. It has an equity base of Rs22.61 cr. and reserve of Rs.2046.60 cr. Ntasian discovery India fund holds 6.72% of the equity capital. Its Q1FY24 results are on 10th August. Add for hefty gain.

*Godrej Agrovet’s* Q1FY24 NP rose 365% to Rs.107.08 cr. from Rs.23.47cr. in Q4FY23. FIIs and DIIs hold 9.7% and 6.6% of its equity capital. In July 23, it was allotted 47000-acres in Telangana for expansion. Its conference call with analysts will be held on 8th August. Add for hefty gains.

*Pacific Industries* notched FY23 EPS of Rs.17. It has reduced its debt. Its 52-weeks high is Rs.303 and is now available at Rs.136, against a BV of Rs.610. Its Q1FY24 results are on 10th August. Add for quick gains.

Big developments in railways is *IRFC*, which will sign a MoU with RITES to strengthen their cooperation in financing and development of Railway projects. IRFC share is available at a P/E of 9x. Its Q1FY24 results are on 11th August. Add for decent gains.

*RTS Power* has huge clientele which includes defence, railways, state electricity boards, telecom players and private electricity producers. It is a debt free company available at P/BV of 0.84x. The promoters hold 74% of the equity capital. Add for multi-bagger returns.

*COSCO INDIA* is available at a market cap of Rs.100 cr. only. It exports products to over 35 countries and is the exclusive distributor of Adidas, Reebok and Stiga in India. Technically, its share is poised for a big break out. Add for decent gain.

*ABM Knowledgeware,* pioneer in smart city solutions, boasts of high reserves, big order book, promoter holding of 67% and available at throwaway valuation. Its share trades at a P/E of 15x. Its Q1FY24 results are on 11th August. Keep it on your radar.

*ITD Cementation* hit a new 52-week high of Rs.189 on 2nd August. Further, it has a huge order book of Rs.20044 cr. on hand. Its Q1FY24 results are on 7th August. Keep it on your radar.

*Debock Industries* has commenced Granite and Marble mining by acquiring huge mines near Udaipur. A big positive. Add.

*Lancer Container Lines’* board will meet on 10th August to consider bonus issue. Its WOS Lancia Shipping LLC (Dubai), has entered into a JV agreement for vessel operations. A big positive. Add for hefty gains.

*Kamdhenu Ventures* has posted excellent results for Q1FY24 with high growth in profits and revenues. Saint Capital Fund bought 350000 shares in the company. Add.

*Baid Finserv* plans expansion in Gujarat and Maharashtra. It has posted excellent results with profits up by 131% and revenues jumping. Add.

*TruCap Finance* opened 31 new branches in Q1FY24 taking the total to 103 branches. It plans to focus on loan against Gold. Add.

*Money Times Talk is part of 'Money Times' publication.bs.*

BREAKING News:Money Times Talk - July 16, 2023

BREAKING News:

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.

Money Times Talk - July 2, 2023

Money Times Talk - July 2, 2023

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.