Five Interesting Stocks Today
Edelweiss Financial Services: This financial services company’s superstar investors are buying and selling its stock. In Q1FY22, Rakesh Jhunjhunwala purchased 37.8 lakh shares in the company, increasing his stake to 1.6% (from 1.2% in Q4FY21). However, Mohnish Pabrai sold 83.9 lakh shares, reducing his stake to 4.9% (from 6% in Q4FY21) in the quarter.
Laurus Labs: This pharmaceutical company is the pick of brokers. Motilal Oswal maintained a ‘Buy’ rating on the stock and said the company’s strengthening contract manufacturing operations and a Rs 1,500 crore capital expenditure plan to build research centres will provide commercial benefit in FY22-23. BOB Capital Markets also maintained a ‘Buy’ rating expecting its formulations division’s production volumes to Europe and North America to grow in FY22.
Hatsun Agro Products: This dairy company’s stock hit a new lifetime high as it commenced operations at its milk plant on July 12. The company said its Tiruppur plant, which was set up at a cost of Rs 101 crore, is fully operational. The plant’s daily capacity is 3.5 lakh litres a day. The company will announce its Q1FY22 results on July 14.
National Aluminium Company: Steel, aluminium, and zinc makers’ stocks are trading lower as the commodity cycle momentum has cooled off in the past few weeks. However, this aluminium maker’s stock is up by 20% in one month. Its valuation remains in check as its trailing 12-month (TTM) price-to-earnings (PE) ratio is 11.8, below the average PE of 18.7, putting it in the ‘neutral zone.’
TVS Motor Company: This automobile company’s retail market share in the two-wheeler market steadily fell in Q1FY22. According to data from the Federation Of Automobile Dealers Associations (FADA), its market share in the two-wheeler market dropped to 12.8% in June 2021 from 14.8% in April 2021. In that time, the market share of the two-wheeler market leader Hero MotoCorp grew to 44.6% from 34.6%.#NIFTY50 #TVSMOTOR #NATIONALUM #HATSUN #LAURUSLABS #EDELWEISS