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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