*MONEY TIMES TALK*
*NOVEMBER 26, 2023*
As per *market veteran* due to monthly expiry and exit poll on 30th Nov, wild volatility is likely influenced by retail positions in F&O. Growing manipulations in options may present challenges and opportunities for traders. Exit poll on 1st Dec will drive market sentiment. Reduced exposure in F&O trading or hedging to mitigate the impact of adverse outcomes in the state elections is advisable.
*IPO subscriptions* of Rs.3.67 lakhs cr. in six new issues is close to an FPI AUM, which indicates the liquidity and depth of the Indian markets. Nowadays, everyone is ready to invest if there is good opportunity. If a stable and growth-oriented Govt. is formed after the 2024 general election, then the future of the Indian stock market will be even brighter.
As anticipated by Money Times, *Paul Merchants* has not only improved its working but also declared 2:1 bonus. It notched 21% higher H1 EPS of Rs.274.3, which may lead to FY24 EPS of Rs.550+. Buy for hefty gains.
*Styrenix Performance* notched 138% higher Q2 EPS of Rs.32.1 and H1 EPS of Rs.50.5, which may lead to FY24 EPS of Rs.110+ from Rs.104 in FY23. An interim dividend of Rs.22/share was paid. Add.
Zero-debt *Tai Industries* notched FY23 EPS of Rs.7.7 on a small equity of Rs.6 cr. Add for 25% gains.
*Cigniti Technologies* achieves higher levels of Trusted Information Security Assessment Exchange and Quality Engineering Services. It notched H1 EPS of Rs.33.2, which may lead to FY24 EPS of Rs.72+. Buy.
*Bondada Engineering* receives Rs.32.73 cr. order from Dinesh Engineers. A big positive. Add for the long term.
*Omaxe* to launch 1200 acres in Tier-2 and Tier-3 cities in 4 years at an investment of Rs.4000 cr. Add for the long term.
*Deep Industries* notched 240% higher Q2 EPS of Rs.4.6 and 119% higher H1 EPS of Rs.9.5, which may lead to FY24 EPS of Rs.30 from Rs.19.6 in FY23. Add for 25% gains.
*Hazoor Multi Projects* notched 30% higher Q2 EPS of Rs.12.1 and 99% higher H1 EPS of Rs.29.9, which may lead to FY24 EPS of Rs.55 from Rs.44.6 in FY23. Add.
Repco Home Finance notched 47% higher Q2 EPS of Rs.15.5 and 39% higher H1 EPS of Rs.31.7 which may lead to FY24 EPS of Rs.68+ from Rs.35.4 in FY23. Add.
*Geekay Wires* notched 209% higher Q2 EPS of Rs.1.9 and 212% higher H1 EPS of Rs.3.5, which may lead to FY24 EPS of Rs.8 from Rs.4.7 in FY23. Add for 25% gains.
*20 Microns* notched 34% higher Q2 EPS of Rs.4.5 and 24% higher H1 EPS of Rs.8.8, which may lead to FY24 EPS of Rs.20 from Rs.11.9 in FY23. Buy for 25% gains.
*Venus Remedies’* oncology registrations has risen to 506 with approvals from 4 more countries. Its collaboration with Cipla to develop and market Ceftriaxone Sulbactum EDTA drug is a big positive. Add
*Jullundur Motor Agency* notched FY23 EPS of Rs.12. It is trading at a P/E of 6.5x as against the industry average of 37x. Add for 25% gains.
*Jyoti Structure* to raise Rs. 400 cr. for expansion. Ace investors, Ashish Kacholia and Sanjay Aggarwal to be allotted 1.08 crore convertible warrants at Rs.13.20/share after 18 months. Buy.
Investors continue to favor railway stocks. *IRCON*, with a global presence can be bought at every decline.
FIIs fancy *Sula Wines* and renowned brokerages project high price targets. Add.
*Aeroflex Industries*, top flexible flow solution provider that supplies high end hoses, got listed at 82% premium and aims for 4-fold revenues in 5 years. Ace investors, Ashish Kacholia and Jagdish Maste have a stake in it. Add multi-bagger returns.
LIC has raised its stake in *Bank of Baroda* to over 5.031%. Add.
*Genus Power Infrastructures* sets up two wholly-owned subsidiaries for smart metering as special purpose vehicles, signalling a positive outlook.
*Aurobindo Pharma's* New Jersey subsidiary, Acrotech Biopharma, gets USDA approval for Ryzneuta - a novel anti-cancer drug. Buy.
*Texmaco* Rail's QIP at Rs.135.9/share will boost this rail giant’s prospects. Add.
*Ritco Logistics'* Board to finalise allotment of preferential convertible share warrants. Positive for the company.
*Vascon Engineering* wins Rs.356.78 cr. from Pimpri Chinchwad Municipal Corporation, which boosts its order book of Rs.2854 cr. further. Buy.
Recently listed *Techknowgreen Solutions* is attracting orders from reputed companies. Buy for the long term.
*SEPC* fixes the record date for the rights issue Record date is 28th November 2023.
*Lupin* gets tentative USFDA approval for its diabetic drug. Add in small quantities.
*Som Distilleries* gets Excise approval to enhance beer production in Karnataka. The management is reportedly hiking its stake. Add.
*AU Small Finance Bank,* backed by WestBridge Capital and Temasek, is set to raise $100 million in debt capital from IFC and use it to provide affordable housing loans for the poorer section of the society. The share may be added.
*AU Small Finance Bank*, supported by WestBridge Capital and Temasek, plans to raise $100 million debt for affordable housing loans for the underprivileged. Add.
*Suzlon* is on a volatile upward move in the market. Investors must use every dip to accumulate.
Debt-free *NMDC* raises iron ore prices. Its improved cash flows and lower capex will boost profitability leading to higher dividend. Good for the long-term.
HSBC downgrades *Cipla* on the back off USFDA warnings. Investors must remain cautious on this counter.
J*SW Steel* invest Rs.750 cr. capex in JSW Paints - a lucrative new business. Add.
*Satia Industries* may ramp up production as paper imports jumped 43% in Q2. Its Re.1 share may post an EPS of Rs.24. BUY.
*Shemaroo Entertainment* is available at a mkt.cap. of just Rs.394 cr. All its peers like Saregama, Tips, etc have given multi-bagger returns. Further, its Q2FY24 PAT rose 93% to Rs.4.58 cr. from Rs.2.37 cr. in Q2FY23. Add for hefty gains.
*Denis Chem* trades at attractive valuations with a dividend yield 3%. Its mkt.cap./sales ratio is 0.55x. Varun Daga holds 11.5% and FIIs hold 20.74% stake in the company. Buy for multi-bagger gains.
*Competent Automobiles* has a mkt.cap. of just Rs.234 cr. and a BV of Rs.505. Its FY23 sales stood at Rs.1731 cr. and EPS at Rs.41.93. It trades at a P/E of 5.58x and P/B of 0.75x. Recently its board approved the listing of share on the NSE. Add.
*MK Ventures* promoted by Madhusudan Kela trades at a P/E of 20x. A technical breakout may take its share price above its 52-week high of Rs.1726. Add for decent gains.
*Indag Rubber* H1 PAT grew 205% to Rs.9.73 cr. from Rs.3.19 cr. in H1FY23 and an interim dividend of 45% was paid. Almost debt-free, it has a dividend payout of 173%. The promoters hold 73% and 4 HNIs hold 5.4%. Keep it on your radar for 30% gains.
*Mafatlal Industries’* Q2 PAT rose 141% to Rs.20.97 cr. from Rs.8.67 cr. in Q2FY23. It has a huge land bank and NOCIL shares worth Rs.600 cr. It is likely to cross its 52-week high of Rs.173. Add.
*IRB Infra* hit new 52 weeks high on Friday, 24th Nov with big volumes. Keep on your radar.
*Ram Informatics* to venture into the drone industry. Recently, it bagged order of Rs.4.21 cr. Add for 50% gains.
*Kamat Hotels* recently added Orchid Hotel, Manali, Shimla, Lonavala and others. Recently, it sold its Andheri property and reduced debt drastically to Rs.173 cr. from Rs.297 cr. Its sales and profit are likely to shoot up in H2. Add for 30% gains.
*Annapurna Swadisht* H1 NP grew 128% to Rs.6.56 cr. from Rs.2.88 cr. in H1FY23. It reduced its long term borrowing to Rs.2.22 cr. from Rs.6.27 cr. Add for 50% gains.
*Wimplast* Q2 NP grew 52% to Rs.14.62 cr. from Rs.9.60 cr. in Q2FY23. It has equity of Rs.12 cr. and reserves of Rs.432 cr. HDFC Small cap funds hold 3.81% and 23 HNIs hold 15.23%. Add for 25% gains.
*Pennar Industries’* H1 NP rose 44% to Rs.44.17 cr. from Rs.30.75 cr. in H1FY23 and is very optimistic of H2 as it focuses on high margin orders. Add for 40% gains.
*Hindustan Adhesives* Q2 NP grew 110% to Rs.3.87 cr. from Rs.1.84 cr. in Q2FY23. It notched H1FY24 EPS of Rs.15.86, which may lead to FY24 EPS of Rs.32+. It has reduced its debt. Add for 50% gains.
*DCB Bank* trades at a P/E of 7x on FY24E and at a historical low valuation. Add for 40% gains.
*Moschip Technology* to raise money through preference shares and seek good days going forward. It also participated in the recent PLI scheme for semi-conductors. Add.
From a recent high of Rs.4700, *Tata Investment* has corrected to Rs.4100 level. Any further correction to Rs.3800 level should be a good buying opportunity. Add for the long term.
The CV cycle is expected to perform good until 2025 according to market experts. *Force Motors* is available at 2017 valuations. Add for hefty gains.
*Nestle* is expanding and expects its revenue to double with corresponding profitability improvement in the next few years. Add.
*Maruti Suzuki* has overcome semiconductor shortage and can now expedite deliveries. It has a wide range of models and impeccable aftersales. Add for the long term.
*Eris Life* is growing at a breakneck speed by acquisitions. It has a super track record of handling mergers. Add for the long term.
*Akshar Spintex* bags order worth Rs.171 cr. to supply high-quality yarn to various fast fashion brands. A big positive. Add
*Prime Fresh* H1 revenue grew 44% YoY and EBITDA rose 21.69% to Rs.416.93 lakh. It is a leading player in the national fruits and vegetables supply chain management. Add.
*Integra Essentia* bags advance orders worth Rs.15 cr. from Sarveshwar Foods and aims to multiply it to Rs.90 cr. p.a. from the Sarveshwar Group. It may be a bonus candidate too. Add.
*Graphisads IPO* for Rs.53.41 cr. will open on 30th Nov. It has an order book of Rs.55+ cr. The issue is valued at a P/E of 26.88x. Its clientele includes LIC, NTPC Group, India Today, Vivo, Schneider Electric, etc.
*Servotech Power Systems* bags an order from BPCL to manufacture, supply and install 2649 AC EV chargers across India under the BPCL E-drive project.
*Race Eco Chain* H1 revenue grew 106.22% to Rs.189.63 crore, EBITDA rose 394.46% to Rs.3.21 crore and PAT grew 154% YoY. A big positive. Add.
*Ritezone* operates in the B2B segment but plans to enter the B2C segment. It trades at a P/E of 26.7x as against the industry average of 32.4x. It has a DER of 0.06x. Add.
*Globesecure Technologies* acquired 90% stake in Protechmanize Solutions Pvt. Ltd. It bagged 2 orders worth Rs.7 cr. and recently signed an MoU with BSNL for providing service of telecommunication for 3 years. A big positive. Add.
Textile Apparel company *SPL Industries Ltd*. is traded at a PE Ratio of 13.7x as against the industry average of 40.2x. The share is poised for a big stride. Buy.