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Finvestedge Weekly Market Insights



v  Railway corporatisation will work in favour of IRCON International and IRCTC. A good time to buy these shares.

v  DHFL, which is now out of the hands of Mr. Kapil Wadhwan, has resumed its lending operations. There isn’t much risk at the current beaten down rates. Accumulate.

v  The Budget speech indicated a big boost for the fishery industry. There is ample scope for Waterbase, Apex Frozen Foods and Avanti Feeds to rise.

v  Indiabulls Housing Finance declared an interim dividend of Rs.6/share. It plans to raise Rs.5000 crore via NCDs for deployment in business. The recent hiccups have made the company stronger. Accumulate.

v  REC once again posted excellent results and declared a dividend of Rs.11/share. Buy for the long term.

v  Indian Oil Corporation is likely to make a buy back offer in view of the Ministry’s instructions. Accumulate.

v  JSW Steel bagged its third iron ore mine in Odisha with a reserve of 118 million tonnes. A big positive for the company. Accumulate.

v  Sugar shares are rising. Ugar Sugars Works posted a strong Q3 performance with an EPS of Rs.2 v/s Re.0.9 last year. Accumulate on dips.

v  The Union Budget has given a big impetus to the affordable housing sector. Cera Sanitaryware, which posted fairly good results for Q3, merits a buy.

v  Ajanta Pharma declared robust Q3 results with an EPS of Rs.12. Buy for over 30% returns within a year.

v  Power Finance Corporation may follow suit by declaring a hefty dividend soon. A bonus issue is also on the cards this year. Accumulate.

v  White Organic Agro has reported exponential growth over the last few quarters. With an equally good performance in Q3, this share deserves a buy.

v  Rosneft, the largest oil producer in Russia, is keen to bid for BPCL. As Aramco is also interested, there may be competitive bids which could boost its share price.

v  Avenue SuperMarts (D-Mart) plans to raise Rs.4000 crore via QIP. A good time to buy this share.

v  Yes Bank is in the news again for raising money from international investors. The stock is poised to rise. Accumulate from a one-year perspective.

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.

Finvestedge Weekly Market Insights


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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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