Dipan Mehta on why one should bet on L&T and 4 other capital goods & infra stocks now
“While the last two trading sessions may have been a bit challenging, this year looks to be good and I hope to build on the foundation created in the last financial year, rather the last year when we had massive outperformance in terms of our markets being stable as compared to sharp declines in some of the other global market,”
Stars aligned for capex pick-up! CLSA picks 4 stocks
"The outlook improved with 18%, 15%, and 5% falls in steel, bitumen, and diesel prices, raising the prospect of faster execution with visible margins in 2023. Business visibility (BTB 3x), order pick-up, and margin visibility are rerating catalysts. We adjust earnings and raise our target prices for our E&C coverage," it added.
Stocks in news: TCS, Tata Motors, RIL, IRB Infrastructure, JSW Steel, Sona BLW
The company's subsidiary Jaguar Land Rover saw a 15% YoY rise in wholesale sales volumes to 79,591 units in the December quarter, on the back of a ramp-up in production amid the improvement in chip supplies. The luxury carmaker's retail sales grew by 5.9% to 84,827 units. JLR expects free cash flow to be positive by over 400 million pounds in Q3.
We do not buy the same stocks; manufacturing is a theme that can generate alpha: Sandeep Tandon
“We look at the sectors which are neglected, beaten down and are in the most neglected or untouchable zone, from money managers perspective. These are the areas where you will generate alpha in 2023 and maybe in this decade also. Metals will be one of the themes of 2023. The other two will be PSU and power.”
Corporate Radar: GM Polyplast, SecUR Credentials to go ex-bonus, board meetings and more
Shares of GM Polyplast will trade ex-bonus in the ratio of 6:1, implying eligible shareholders will be getting six shares for every one share held. Ahead of the ex-bonus date, shares of the company ended lower by over 2% at Rs 1210.
Trade Spotlight | What should you do with IRB Infra Developers, Tata Steel, Jindal Stainless on Tuesday?
IRB Infrastructure Developers shares gained 8 percent to end at record closing high of Rs 314 and formed strong bullish candle on the daily scale with healthy volumes, making higher high higher low for second consecutive session.
Ahead of Market: 10 things that will decide D-St action on Tuesday
Markets welcomed 2023 on high spirits in the absence of global cues. Strong macros and expectations of healthy corporate earnings provided support to domestic equities. Indias manufacturing PMI rose to 13 month high to 57.8 in December, while GST collection too rose by 15% in December 2022 to Rs 1.49 lakh crore, thus, supporting overall sentiments in the market,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Multibagger stock IRB Infra to raise Rs 700 crore via NCD
The NCD proceeds from refinancing would be utilized for part takeout financing of the existing project loans obtained and provide a significant saving of over Rs 10 crore annually at a revised interest cost of 8.9%, it added.
Multibagger IRB Infra jumps 4% as board to mull stock split
This multibagger realty stock has surged from around Rs 51 apiece levels to Rs 322 per share in the last three years, surging around 6 times in this time. Meanwhile, the stock has gained more than 500% from its Covid lows.
After a 60% rally from its 52-week low, Kotak sees more upside in this stock
Traffic levels across key stretches of IRB are holding up quite well, the brokerage said. The EPC arm is better placed than peers on a strong order book despite weak inflows so far from the NHAI, it said.
IRB Infra jumps 5% after strong toll revenue collection; analysts see more upside
In an exchange filing with the bourses, the company reported the toll collection at Rs 365.95 crore in November 2022 as against Rs 262.81 crore in November 2021. On a month-on-month comparison, the collection increased by 6%.
The Q2 conundrum: 4 stocks rally up to 95% despite sales drop in Sept quarter
Global brokerage firm Morgan Stanley has maintained its overweight rating on HAL with a target price of Rs 3,216 on the stock as the management has manufacturing order visibility of Rs 1.2 lakh crore over next 3-5 years and valuations are compelling.
Hot Stocks | Stylam Industries, Rallis India, IRB Infrastructure can give at least 10% return in short term, here's why
IRB Infrastructure Developers has broken out on the daily line chart with higher volumes to close at highest level since November 9. The stock price has been forming higher top higher bottom candle stick pattern on the daily chart.
Golden Crossovers: These 2 infra stocks signal further bullishness
Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on November 25, 2022.
Hot Stocks | Healthy double-digit return possible in Praj Industries, IIFL Finance, IRB Infrastructure. Here's why
IRB Infrastructure Developers is again gaining momentum after building a strong base at Rs 200 mark. On the weekly chart, we can observe a breakout of the Flag formation, while there is a breakout of the bullish Inverse Head and Shoulders formation on the daily chart.
Big Movers on D-St: What should investors do with BLS International, Federal Bank and IRB Infrastructure?
The stock has witnessed a sharp breakout from its 200-Day average with strong volumes after a double bottom formation near 195 levels. It should face some resistance at 270 and a crossover of the same would extend the up move to 310-320 levels over the next few months. RSI has pierced upwards on the weekly candle indicating the positive momentum to continue from current levels.
Vinit Bolinjkar’s bullish on IRB Infra & Mahindra Holiday Resorts. Here’s why
“IRB and Adani are best placed to gain from this new shift in format from HAM and EPC to asset ownership. We believe that IRB should do very well from this. Additionally, because of the private InvITs, they are able to leverage their balance sheet and within the InvITs also, there is a lot of repricing going on because the thoroughfare and the traffic numbers and the servicing of the debt is very strong.”
Buy IRB Infrastructure Developers; target of Rs 729.2: Ventura Securities
Ventura Securities is bullish on IRB Infrastructure Developers has recommended buy rating on the stock with a target price of Rs 729.2 in its research report dated October 14, 2022. We initiate coverage on IRB with a BUY for a PT of INR 729.2 (SOTP methodology) representing an upside of 239.2% over the next 30 months.
The company on Friday reported a multi-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30. It had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing.
SGX Nifty rises 60 points: Here's what changed for market while you were sleeping
Nifty50 on Thursday settled almost flat, but snapped a six day winning run. The index ended up forming a small bearish candle on the daily chart, with a long lower wick. Analysts said the index turned sideways after the recent rally and expect it to find support around 17,200 level.