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 Department of Telecom, which means it does not plan to shut operations. Investors with a risk appetite may enter.

v  Pfizer posted fairly good results for Q3. Its recent launches and other upcoming products are likely to boost its performance. Buy for about 25-30% returns within a year.

v  Vedanta plans to raise up to Rs.2000 crore by selling long-term bonds to LIC. A positive for the company. Accumulate.

v  Analysts expect Bharti Airtel to emerge as a winner and continue its strong performance. A good time to buy this share.

v  Avenue Supermarts (D’Mart) continues to rally on the bourses. Its business model is a good enough reason to invest in this stock.

v  The Mishra Dhatu Nigam counter has seen a sudden surge in volumes and share price. Investors with a risk appetite may accumulate selectively.

v  Power Finance Corporation has started moving. Its strong earnings and dividend pay-out ratio makes a good reason for investment.

v  CEAT, which promises a 1 lakh km tyre run, is reportedly faring well. It may declare a bonus soon. Accumulate.

v  The promoters of Adani Green Energy recently reduced their pledged shareholding from 42% to 17%. A big positive for the company. Accumulate.

v  Hero MotoCorp, which has ~50% market share, plans to invest ~Rs.10000 crore in alternative mobility solutions. It is also a potential bonus candidate. Accumulate.

v  ARSS Infrastructure Projects received a Rs.130 crore order from Rail Vikas Nigam. A good time to buy this share given the government’s focus on infrastructure development.

v  Abbott India, which was also recommended in the previous issue, continues to rise. A bonus issue is a distinct possibility. Its workings are also good. Buy selectively.

v  Man Industries (India) secured a new export order worth Rs.300 crore from the Middle East and North Africa (MENA) region. With this, its total unexecuted order book stands at ~Rs.1600 crore. A big buy!

v  IRCTC is on a dream run. Market men expect this stock to cross the magical figure of Rs.2500. Investors with deep pockets may take exposure. No risk, no returns!

v  Going by its 9MFY20 results, Nikhil Adhesives is likely to notch an EPS of Rs.17+ for FY20. The stock is poised to cross Rs.200.

v  Rajratan Global Wire is expected to post an EPS of Rs.36 for FY20. Its future looks bright. Buy for about 30% returns in the medium term.

v  Agarwal Industrial Corporation may notch an EPS of Rs.21+ for FY20 if its 9MFY20 results are taken into consideration. The stock is likely to cross Rs.150.

v  United Drilling Tools, which works mainly for ONGC, is expected to notch an EPS of Rs.22 for FY20. An attractive buy.

v  GRM Overseas, which is engaged in the rice business, is expected to post an EPS of Rs.35+ for FY20. This is the cheapest share available in the food space. A reasonable P/E of 7.5x will take its share price to Rs.262 in the medium term.

v  Going by its 9MFY20 results, Repco Home Finance is expected to notch an EPS of Rs.50 for FY20. A reasonable P/E of 7.5x will take its share price to Rs.375 in the medium term.

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.