MONEY TIMES TALK
NOVEMBER 28, 2020
Praj Industries to commission several compressed bio gas (CBG) plants and transportation of CBG organic compost. This may be its big business opportunity. Buy for the long term.
HDFC Bank eyes a 60% rise in loan disbursals in H2FY21. Its loan book has already seen a double-digit growth over the last two months. Its share price is poised to rise further. Add.
The surge in Covid-19 cases is posing a big challenge for the hospitality sector. It may be prudent to stay away from Indian Hotels and Mahindra Holidays.
As per BSE filings, Singularity Holdings acquired 19.85 lakh equity shares of Religare Enterprises at Rs 51.52 per share. Retail investor can take this cue and enter.
Singularity Holdings has acquired 19.85 lakh equity shares of Religare Enterprises at Rs 51.52 per share. Retail investors can take a cue and enter.
Goa Carbon, manufacturer of calcined petroleum coke plans to resume production at its Bilaspur unit soon on the back of rising demand. Buy in small quantities.
High volumes and rise in the share prices of REC & PFC indicate of some good news in the offing. Both these Navratna PSUs pay hefty dividends and are Bonus candidates. Buy and retain for years.
Union Bank plans to raise its equity capital by Rs. 6800 cr. At around Rs. 27, it is a good investment proposal. Add.
PTC India posted H1FY21 EPS of over Rs. 9 and declared an interim dividend of Rs. 2. It is reportedly faring very well. Apart from a hike in dividend, the share is also a Bonus candidate. Accumulate
DHFL has logged a Q2FY21 loss of Rs. 2122 cr. Don’t get carried away by the continuous circuits and exit when the going in good. Sell and wait on the sidelines.
Steel Strip Wheels has won export order for 57,000 wheels from the US and EU trailer market to be executed in Dec 2020. CMP of Rs. 496 is way below its 52-week high of Rs. 784.
KPIT Technology’s large deal with BMW for the next generation charging electronic program is spread over several years. It includes software development and integration. A big positive and therefore a big buy.
Rama Phosphates, which manufactures fertilizers, micronutrients, Sulphuric Acid, Soya oil, has notched Q2FY21 EPS of Rs 6.3 and Rs 9.8 in H1FY21. This could lead to a FY21 EPS of Rs. 20. A conservative P/E of 6x can take its share price to Rs 100 in the short run. Accumulate.
Deccan Cements, manufacturing a wide variety of cements including specialty cement is undergoing expansion. It posted H1FY21 EPS of Rs. 43 and may post FY21 EPS of Rs 60+ on its small equity of Rs. 7 cr. The share can appreciate 30%+ in the medium-to-short term. Buy.
Amarjothi Spinning, producer of a variety of yarns and windmills of 17.6 MW capacity, posted Q2FY21 EPS of Rs. 8.6 in Q2FY21 and Rs 9.7 for H1FY21. It may notch FY21 EPS of Rs 22 on its small equity of Rs 6.8 cr. and its share can cross the Rs 100 mark. Accumulate.
Patels Airtemp, manufacturer of extensive range of Heat Exchangers, Pressure Vessels, Air-conditioning and Refrigeration equipments and Turnkey Projects could post FY21 EPS of Rs. 24\25. A reasonable P/E of 8.5x can take its share price to Rs. 204 in the medium term. Buy.
Swelect Energy Systems, a leading Solar Power Systems company with a strong presence in the global energy market, with a share book value of Rs.472 has posted 740% higher EPS of Rs. 14.3 for H1FY21. A P/E of 12 can take its share price to Rs 300 mark on a FY21 EPS of Rs 30.
Religare Enterprises (now Care Insurance) recommended at Rs.44 two months back hit a new 52-week high gaining over 50%. There’s more steam left in the stock as healthcare insurance is growing at almost 50% CAGR over the last three years, A multibagger in the making.
Reduced dumping of batteries from China and the implementation of BIS quality standards is a game-changer for Eveready Industries. Can this share regain its glory days when it traded over Rs.400? Buy at every decline.
Banco Products is the only other listed manufacturer of Radiators used for AC cooling systems. But while Subros trades a PE multiple nearly 30x, Banco trades at less than 10x. A safe buy around Rs.130 with a dividend yield of over 10%.
Hero or zero? Given the government’s focus on clean energy, Suzlon Energy is a worthy punt
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