MONEY TIMES TALK
Dated 29 January 23

*Gravita* is in a strong uptrend post Q3 results. The share is trading above all important moving averages and is suggestive of a big potential upside. Buy.

*Eric Life* has bought 9 derma brands from Glenmark for Rs. 340 cr., which will boost its market share in the dermatology-fungal segment and drive its profits higher.

*Hariom Pipes* is trading near its 52-week high. It is on a huge expansion drive and profits could double in two years. It will also raise capital by a preferential allotment to promoters and their group. A big buy.

*M&M* is all out to set up a Rs. 10,000 cr. EV plant at Pune. A big positive for the Company. The stock deserves a place in every model portfolio. Buy.

Indian Railways plans to introduce about 45 trains to run on hydrogen fuel. *Siemens* is likely to be a big beneficiary. Add.

*JSW Steel’s* Q3 results reflected 90% drop in NP at Rs. 474 cr. At current prices, the stock looks overpriced. Sell now and consider entering later.

The recent upgradation in ratings of *Canara Bank and PNB* is indicative of their better growth prospects. Add.

*Route Mobile’s* Q3NP jumped 84% to Rs 85.36 cr. YoY on 75% surge in revenue. A second interim dividend has also been declared. Add.

*Axis Bank’s* Q3 NP surged 62% to Rs. 5853 cr. on 27.44% rise in total income to Rs. 26891 cr. An excellent long-term hold.

*GPIL (Godawari Power)* has corrected by nearly Rs. 40 from its recent peak. The current fall in the market provides a good opportunity to add this efficient company.

*Bharat Bijlee* recorded a 45% jump in NP to 23.09 cr. on a 20% rise in revenue of over Rs. 388 cr.

Auto ancillary, *Craftsman Automation’s* Q3 NP jumped 37% to 52%. The company caters to some of the most coveted car manufacturers. Buy.

*NBCC* received fresh orders worth Rs. 309 cr. in Dec 22. The Govt. holds around 62% stake in it and looks like a good buy.

*Orient Green Power’s* 3 subsidiaries have received a BB rating from Infomerics Ratings and CARE Ratings respectively for fulfilling their financial obligations. A good buy at current prices.

*Kamdhenu Ventures*, the demerged paint entity of Kamdhenu, has now listed and quoting at Rs. 188. The paint industry is faring well and this brand has a big following. Start adding.

In spite of good results, *Federal Bank* has corrected by about Rs. 16 and makes a good buy. Accumulate and hold for a year.

policy to scrap its 15-year old vehicles is to come into force from next month. Accumulate *MSTC*.

*Tata Elexi* posted a strong Q3 with 29% higher NP at Rs 194.68 cr. and EPS of Rs. 31.26 from Rs. 27.98 YoY. Add.

*Reddy’s labs* posted a strong Q3. NP soared 76% to Rs 1,247 cr. on 27.26% rise in revenue to Rs 6,770 cr. Add on dips.

*Sterlite Technologies* to raise funds via QIP or rights issue to meet its growing capex plans. The Company will be a major beneficiary of the 5G rollout. Add.

*Karnataka Bank* will declare its Q3 results on 2nd The management has already indicated better times. The mayhem in the markets provides a good opportunity to add.

*Geekay Wires*, manufacturer of wires & fasteners with 73% sales as exports, notched 78% higher H1 EPS of Rs 5.6 YoY, which may lead to FY23 EPS of Rs12+ as against FY22 EPS of Rs 8.7. Buy for 30% gain.

*MSTC (Metal Scrap Trading Corporation)*, a PSU engaged trading & recycling of scrap across industry segments has notched H1 EPS of Rs 16.8, which may lead to FY23 EPS of Rs 36+ as against FY22 EPS of Rs 28.3. Buy for 30% gain.

*Karur Vysya Bank* has notched 56% higher Q3 EPS of Rs 3.6 (FV Rs 2) and 67% higher 9MFY23 EPS of Rs 9.8, which may lead to FY23 EPS of Rs 13+ as against Rs 8.4 in FY22. Buy for 30% gain.

*NBCC* (India),the state-owned firm, has secured orders of Rs 309 cr. in December 2022. The share is a good investment for long term, Buy.

*Tata Motors* has tied-up with ICICI Bank for financing solutions its electric car dealers to provide inventory funding to EV dealers. Add for the long term.