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Finvestedge Weekly Market Insights




v  APM Industries has consistently posted good results over the last few quarters. A promoter holding of 64% and a P/BV of just 0.3x makes it an attractive buy.

v  PVC films manufacturer, Caprihans India, is on an expansion spree. Its prospects appear bright. Buy for the long term.

v  RBI gives a clean chit to Indiabulls Housing Finance. The pending High Court case is also likely to absolve the company. A big buy!

v  PNB Housing Finance plans to raise up to Rs.1700 crore via QIP to meet is on-going business requirements. A positive for the company. Accumulate.

v  Pfizer’s parent company could be the first to launch some antiviral compounds to inhibit the coronavirus. A big positive for the company. Accumulate.

v  ONGC has fallen below Rs.90 in view of excess supplies and curtailment on usage. A good time to accumulate this oil & gas giant.

v  Volumes spurt in the V-Mart Retail counter on news of 3 new stores and outlets being added. Some positive news may be in the offing. Buy selectively.

v  Like many other stocks, ITC too hit a new low due to the negative market sentiment amidst the coronavirus outbreak. It may be prudent to add this stock for long-term gains.

v  Asian Paints, which is trading below its 200-day DMA, merits a buy. Accumulate for the long term.

v  The stock movement of Ajanta Pharma suggests a big spurt in its share price.

v  Mahindra & Mahindra is in talks with Ashok Leyland and other automobile giants for supplying Electric Powertrains. The stock is available at a multi-year low. Accumulate on dips for hefty returns.

v  Tech Mahindra has sold its stake in Terra Payment Services (Netherlands) BV and its subsidiaries to Prime V Holding and Partech Africa on a slump sale basis for an upfront payment of $9 million. A positive for the company.

v  Max Financial Services will soon issue 7.54 crore shares to Mitsui Sumitomo at Rs.565.11/ share, which will improve its balance sheet. Accumulate.

v  NBCC (India) gets NCLT’s approval to acquire Jaypee Infra. Buy for the long term.

v  Analalysts expect cement companies to garner 20-21% operating profit margins in the next couple of years. It may be prudent to buy JK Lakshmi Cement, Ultratech Cement and Ramco Cements

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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