v Hindustan Aeronautics has been granted
approval for enhancement of working capital to Rs.12050 crore from Rs.7300
crore. Its profitability, which was 115% higher in Q2, is expected to remain
strong going forward. A good PSU bet for the long term.
v In spite of lower revenue, Kamath Hotels
posted 74% higher PAT for Q3 due to tight control on expenses. Accumulate.
v Titan’s trading volumes spurted after ace
investor Rakesh Jhunjhunwala increased his stake in the company. Some positive
news may be in the offing. Accumulate.
v Despite a rise in slippages, Axis Bank posted
4.5% higher PAT for Q3. The management is optimistic about its FY20 results.
Accumulate for good returns.
v Edelweiss Financial Services claims to have
not violated any foreign exchange regulations. A good contrarian buy.
v With new product launches, Hawkins Cookers
expects a much better performance in the next few quarters. Accumulate.
v Power Grid Corporation of India bagged 13 out
of 20 projects under competitive bidding. With a high dividend yield of ~5% and
higher income on fresh projects, its future looks bright. Buy.
v Reliance Infrastructure plans to become
debt-free in a year or two. A good contrarian buy at Rs.22 considering its huge
assets, positive arbitrage money in queue and lucrative businesses in hand.
v Ujjivan Small Finance Bank doubled its profits
to Rs.90 crore in Q3 with stable asset quality and NPAs at 0.04%. Accumulate.
v Dr. Reddy’s Laboratories is steadily moving
upward. With new product launches on the anvil, this is a good long-term bet.
v Shrimp prices are on the rise due to the
increasing demand from the US markets, which absorbs about one-third of the
~Rs.140000 crore Indian shrimp exports business. A good time to buy Apex Frozen
Foods, Avanti Feeds, Waterbase and Zeal Aqua.
v With 47% higher PAT for Q3, SBI Life Insurance
Co. could rise further.
v Raymond’s Q3 consolidated PAT zoomed 393% to
Rs.196 crore on 13% higher sales of Rs.1885 crore. Accumulate.
v Larsen & Toubro posted robust results for
Q3 with 15% higher PAT of Rs.2352 crore. This stock deserves a place in every
portfolio.
v Volumes in the Shriram Transport Finance Co.
counter have risen of late. Its NCD issue was also fully subscribed. A positive
for the company.
v Although RBL Bank’s Q3 PAT fell 69%, the
management is confident of cleaning up its balance sheet by this fiscal year
end. Hold.
v The top-line of Butterfly Gandhimathi
Appliances is growing due to its tie-ups with online sales agencies. This
kitchen appliances stock is under-priced compared to its peers. Accumulate.
v Cipla has received USFDA observations for its
Goa facilities. However, the management does not expect it to affect its
top-line. Investors can accumulate this stock on dips.
v The housing finance sector is likely to get a
good boost in the upcoming Budget. A good time to accumulate Indiabulls Housing
Finance.
v Granules India posted excellent results for Q3
with 44% higher EBITDA and an improvement in margins from 18% to 23%. Buy for
solid returns within a year.
v Lincoln Pharmaceuticals is the cheapest share
available in the pharma space. With FY20E EPS of Rs.28-30, the stock is likely
to fetch over 25% returns in the short-to-medium term.
v Going by its Q2FY20 results, Jindal Stainless
(Hisar) is likely to notch an EPS of Rs.13 for FY20. Buy for good returns.
v With FY20E EPS of Rs.18+, NCL Industries
(formerly Nagarjuna Cement) is amongst the cheapest shares in the cement
industry. Accumulate.
v Bajaj Steel Industries is likely to notch an
EPS of Rs.75 for FY20. A conservative P/E of 5x will take its share price to
Rs.375 in the medium-to-long term.
v Meghmani Organics is likely to notch an EPS of
Rs.11-12 for FY20. It is setting up a 50,000 TPA Epichlorohydrin project based
on Epicerol technology at a capex of ~Rs.275 crore. Its future looks bright.
Accumulate.
Disclaimer :
This is strictly for
informational purposes only. It is not a solicitation to buy, sell in
securities or other financial instruments. FINVESTEDGE do not accept
culpability for losses and/or damages arising based on information in this
post. Contact your investment advisor before investing.
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