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Finvestedge Weekly Market Insights




  • With the launch of Tata Nexon EV in India, Tata Motors aims to become a leader in the EV segment. Its future looks bright. Accumulate.

  • Bajaj Finserv’s Q3 consolidated PAT jumped 32% to Rs.1125.64 crore on 31% higher sales of Rs.14560.74 crore. Buy for the long term.

  • TVS Motor Company launched its first-ever electric two-wheeler ‘iQube’ at Rs.1.15 lakh. A big positive for the company. Accumulate.
  • Wockhardt becomes the first Indian company to get DCGI nod for two new antibiotics. The drugs are likely to be launched in India in the next two months and later in China and other emerging markets. Buy for the long term.

  • According to market analyst firm Bernstein, Reliance Industries’ partnership with Saudi Aramco for its $75 billion oil-to-chemicals business signals expansion and growth opportunities. A good investment bet for the long term.
  • HDFC’s Q3 PAT jumped nearly four times as it gained significantly from the merger of Gruh Finance (its subsidiary) with Bandhan Bank. Will it declare a special one-time dividend? However, this stock merits a buy.
  • With some countries imposing anti-dumping duty on Chinese tyres, Ceat expects Indian tyre companies to benefit. Buy JK Tyre & Industries and Ceat.
  • Power Finance Corporation expects 4 stressed assets to be resolved in the next few months, which will reduce its NPAs to 5% from 9%. This will not only improve profitability, but will also result in higher dividend pay-out.
  • The impact of plastic ban is visible in paper companies. JK Paper, which posted good Q3 results, is worth accumulating.
  • Navin Flourine International, which posted an EPS of Rs.27 for 9MFY20 v/s Rs.23 last year, continues to perform well. Buy for the long term.

  • APL Apollo Tubes posted robust results for Q3 with an EPS of Rs.34 v/s Rs.5 last year. Accumulate.

  • United Spirits posted 35% higher PAT for Q3. Buy for the long term.

  • Fortis Healthcare plans to add ~1,200 beds in the next 3-4 yrs. Its prospects look bright. Accumulate.

  • Central Bank of India witnessed a sharp turnaround in Q3 with a net profit of Rs.155.32 crore v/s net loss of Rs.718.23 crore in the previous corresponding quarter. Accumulate.

  • Allcargo Logistics has acquired ~21% stake in Gati so far. As it continues to buy further stake, the latter’s share price is likely to rise further. Accumulate.

  • Tata Coffee intends selling up to 1,60,000 equity shares of Tata Chemicals in the secondary market. Not only will this improve its bottom-line but also increases the chances of a special dividend.

  • KEI Industries is on an expansion drive. It proposes to allot 10,000,000 equity shares to QIBs at Rs.500/share, aggregating to Rs.500 crore. A big positive for the company.

  • Investors with a risk appetite may accumulate Reliance Infrastructure. It will get on the fast track once it clears its debt. Shorters beware!

  • KRBL, owner of India Gate Basmati Rice, reported its highest ever quarterly profit of Rs.159 crore in Q3. At Rs.265, this is a good pick.

  • Torrent Pharmaceuticals is optimistic about its new launches in the lucrative chronic therapy area. Going forward, it plans to expand its business in India, Brazil and Germany. Its future looks bright. Buy.

  • CreditAccess Grameen, a micro finance company promoted by Netherland-based Credit Access Asia, is reportedly faring very well. It has a loan book of ~Rs.9000 crore. Its prospects look 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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Finvestedge Weekly Market Insights

v   Going by its 9MFY20 results, Technocraft Industries (India) is likely to notch an EPS of Rs.60 for FY20. Expect a smart jump in its share price. v   Nagpur-based Dassault Reliance Aerostructure (DRA) has started manufacturing components for Rafale fighter planes. A positive for Reliance Infrastructure which holds substantial stake in DRA. Accumulate. v   Despite the poor results, ONGC remains a good investment bet for the long term. Its falling share price provides an opportunity to accumulate. v   Atul Auto is set to double its production capacity. Its Q3 results were fairly strong despite the slowdown in the auto industry. Accumulate. v   Nelco launched aero in-flight communication services in India. A big positive for the company. Buy for the long term. v   The cement boom has begun. A good time to buy J.K. Cement which posted fantastic Q3 results. v   Vodafone Idea has shown its intent to pay its AGR dues to the De...
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