Stocks Picker Articles
06 Jun 2024 05:00
*Fund Houses Recommendations*
UBS on *HDFC Bank:* See possibility for Index weight increase in the MSCI August review, target price at Rs 1900/Sh (Positive)
Jefferies on *BSE:* Maintain Buy on Company, target price at Rs 3100/Sh (Positive)
Jefferies on HFCs: Modi govt may announce the much awaited revamped affordable housing scheme, Top Picks *Aavas Fin, Home First and Can Fin Home* (Positive)
Goldman Sachs on Private Banks: Steep correction offers opportunities in PVT Banks, Top Picks *HDFC Bank, Kotak Bank, Axis Bank and Indusind Bank* (Positive)
Citi on consumer staples: Top Buys are *HUL, GCPL, Britannia and Honasa* (Positive)
Citi on CGDs: Retain our constructive view on the Indian gas sector. Top Picks *Gail, IGL and MGL* (Positive)
CLSA on Capex Plan: *Larsen & Toubro, IRB, HNAL, NCC and JKIL* remain key beneficiaries (Positive)
Citi on Alcohol and Beverages: Potential favorable regulations for liquor, AP used to contribute 5-6% to both *UBL* and *United Spirits* before adverse policy change in 2019 (Positive)
Morgan Stanley on Insurance: Life insurers submit feedback on surrender value proposal, overweight on *HDFC Life* (Positive)
UBS on Autos: Market notion of rural = entry level is well past its expiry date, *TVS and Eicher* preferred pick (Positive)
Investec on Insurance: Surrender value regulation: Long-term positive. *ICICI Pru* has lowest impact (Positive)
Jefferies on IT: Margin pressures hover on Indian IT, *Infosys* is preferred pick (Neutral)
Emkay on *ITC:* Downgrade to Add on Company, target price at Rs 460/Sh (Neutral)
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Stocks Picker Articles
05 Jun 2024 04:48
*Fund Houses Recommendations*
GS on Election Results: Buy the weakness; Strong Earnings delivery to drive returns, Overweight on *Auto, Telecom, Industrials and Insurance* (Positive)
CLSA on Election Results: Doubts openly question near record premium of SMIDs & recent re-rating of Modi Stocks, Private banks, IT, insurance and commodities are preferred sectors. Replace L&T with HCL Tech (Neutral)
Bernstein on Election Results: Retain view of high single-digit returns; Nifty target Rs 23,500 (Neutral)
Jefferies on Election Results: PM Modi losing simple majority was unexpected, our base case remains a coalition govt led by PM Modi (Neutral)
Axis Cap on Election Results: Limited impact on administrative and legislative changes; fiscal consolidation to continue. (Neutral)
DAM on Election Results: PSBs cyclical valuations: Some room in select banks despite the fall (Neutral)
UBS on Election Results: Political outcome suggests weak sentiment at lower end of the income pyramid, underweight on India (Negative)
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Stocks Picker Articles
04 Jun 2024 04:36
*Stocks in News*
*RVNL:* Company gets letter of acceptance for a project worth ₹440 crore from South Central Railway (Positive)
*Biocon:* Company receives US FDA approval for antifungal drug micafungin (Positive)
*MOIL:* May Business Update: May Manganese Ore sales up 41% YoY at 2.15 lk tonnes (Positive)
*AGS Transact:* Company On go Commences Testing Of Voice-Controlled Fueling with Ai Assistant on Its App to Provide an Enhanced Fuelling Experience (Positive)
*Adani Ports:* Company sets ambitious goals to expand operations over the past decade in India and abroad. (Positive)
*Infosys:* Company expects to progressively increase its annual dividend per share excluding special dividend (Positive)
*Hind Oil:* Company says in order to flow wells d1, d2 to its optimum production, oil export flow line needs to be flushed ,steam and hot water flushing of the export flow line started (Positive)
*Seamec:* Company says deployment of vessel "seamec swordfish" with zamil offshore services. (Positive)
*Maruti Suzuki:* Company’s Swift achieves 40,000 bookings within just one month of its launch. (Positive)
*Zee Entertainment:* Company to consider fund raising on June 6 via issuance of equity shares (Positive)
*Droneacharya:* Company has secured India’s largest FPV drone supply export order, worth rupees 15.01 cr for 5000 drone kits and components (Positive)
*VPRPL:* Company's order book as on march 31 stands at about 47.17b rupees to be executed over next 24-36 months (Positive)
*ARSS Infra:* Company has received a work order of Rs. 10.0 crore (Positive)
*Coal India:* May coal production at 83.91 MT, up 10.15% year-on-year, says Coal Ministry. (Positive)
*PNB:* Bank signs MOU with India Infrastructure Finance Company. (Positive)
*Oil Downstream stocks:* Brent oil dropped below $80 for the first time since February. (Positive)
*M&M Financial:* May overall disbursements up 7% YoY at ₹4,430 crore (Positive)
*Dr Reddy's Laboratories:* Company’s arm Aurigene Pharmaceutical Services, a global CRDMO, opens its biologics facility offering process development and clinical scale manufacturing capabilities in Hyderabad (Positive)
*Lupin:* Company launches generic drug Doxycycline in U.S. market to prevent bacterial infections.. (Positive)
*Kalyan Jewellers:* Jewellery retailer said it has signed a definitive agreement with Rupesh Jain to acquire his 15% stake in Candere, a subsidiary of Kalyan Jewellers, for ₹42 crore (Positive)
*Vakrangee:* Company to acquire 18.5% stake in Vortex Engineering from Tata Capital Innovations Fund for Rs 7.03 crore. (Neutral)
*Adani Ent:* AdaniOne to launch two credit cards with ICICI Bank. The cards introduced with Airport linked benefits. (Neutral)
*AdaniPower:* Susidiary MahanEnergen, approves amalgamation with Adani Enterprises arm Stratatech Mineral Resources: (Neutral)
*REC:* Company board approves appointment of Harsh Baweja as director of finance and CFO. (Neutral)
*Wipro:* Company appoints Bruno Schenk as Country Head & Managing Director for Switzerland, effective immediately. (Neutral)
*Bharat Forge:* Company's Australia-based step down arm deregistered w.e.f. May 26: (Neutral)
*Ge Power:* Yogesh Gupta resigns as CFO w.e.f. July 23. (Negative)
*JP Associates:* Company faces bankruptcy case for nearly ₹30,000 crore due to ICICI Bank, SBI and others (Negative)
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Stocks Picker Articles
03 Jun 2024 05:36
Forthcoming Event
03rd June: DHANROTO, SERVOTECH to consider Dividend; Blue Cloud Softech Solutions, Capacit'e Infraprojects, Inertia Steel, Spright Agro, SRG Housing Finance to consider Fund Raising
04th June: 21STCENMGM, REDINGTON to consider Dividend; JHS Svendgaard Laboratories to consider Fund Raising
05th June: Inventure Growth & Securities, Stratmont Industries, Race Eco Chain to consider Fund Raising; Shekhawati Poly-Yarn to consider Consolidation of Shares
06th June: Moongipa Capital Finance to consider Fund Raising
07th June: PTC to consider Dividend; Swashthik Plascon to consider Fund Raising
10th June: California Software Company to consider Fund Raising
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Stocks Picker Articles
31 May 2024 05:18
Stock in Action
Emami: Emami reported volume-led revenue growth for Q4FY24, but earnings growth was muted due to higher brand investment. The healthy domestic volume growth of 6.4 percent was backed by demand recovery in key brands like Boroplus due to extended winter, while unfavourable weather impacted Navratna and Dermicool. Non-seasonal categories, like pain management and healthcare, also performed well. However, low discretionary spends and high competitive intensity continued to impact segments like male grooming and Kesh King. Rural growth outpaced urban growth in the GT channel, while modern trade and e-commerce channels saw 17% and 37% growth in revenue, respectively. International business growth was faster than India business as the company further strengthened the portfolio, with new products in the hair care category in select key markets. Emami’s presence in niche personal care categories with low penetration translates into a large headroom for organic growth. The low double-digit revenue growth guidance will be driven by rural recovery, rise in emerging channels, distribution expansion, ongoing strategic investments and the launch of innovative products, as per the management. Given the early signs of rural recovery, key distribution initiatives across channels will continue with better performance in the seasonal as well as non-seasonal portfolio. Positive on Emami given the rural recovery and anticipation of normal monsoon.
Trent: Trent ltd. has posted strong Q4 results in a challenging demand environment. Strong network expansion, same store sales growth, and margin expansion boosted earnings. With a current store presence in 91 and 164 cities for Westside and Zudio, respectively, there is good opportunity for Trent to aggressively build its presence. Trent has been able to scale up the Zudio brand profitably, given industry-leading operating metrics, low returns and product shrinkage, lower discounts, and almost fully owned brand portfolio. Trent is aiming to build a multi-brand portfolio in the fashion space, which presents huge growth prospects. Revenue momentum was strong led by a rapid network expansion as well as strong same store sales growth. In Q4FY24, Trent added 12 Westside and 86 Zudio stores. The like-for-like growth for the fashion concept stores was well above 10% in Q4. Despite a challenging market environment in FY24, Trent aggressively expanded its network. Not only is the company entering new cities, but it is also deepening presence in the existing ones. Trent is also consolidating or upgrading existing stores in order to maintain robust store economics as well as overall brand congruence. In FY24, Trent consolidated 12 Westside and 10 Zudio stores. Positive on Trent given the strong earnings growth over the medium term.
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Stocks Picker Articles
31 May 2024 04:58
*Fund Houses Recommendations*
MS on *Apollo Hospitals:* Maintain Overweight on Company, target price at Rs 7181/Sh (Positive)
BofA on *M&M:* Upgrade to Buy on Company, raise target price at Rs 3050/Sh (Positive)
Citi on *Cummins:* Maintain Buy on Company, raise target price at Rs 4384/Sh (Positive)
MS on *Prestige:* Maintain Overweight on Company, raise target price at Rs 1770/Sh (Positive)
Nuvama on *Amara Raja:* Maintain Buy on Company, target price at Rs 1420/Sh (Positive)
BofA on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 1800/Sh (Positive)
Antique on *PTC Ind:* Initiate Buy on Company, target price at Rs 13010/Sh (Positive)
CLSA on *Muthoot Fin:* Maintain Buy on Company, raise target price at Rs 1700/Sh (Positive)
MS on Oil and Gas: Sees affordable gas now taking center stage, adding that *GAIL* is their top pick. (Positive)
MS on *IDFC First:* Maintain Equal weight on Company, target price at Rs 77/Sh (Neutral)
Nomura on *Cummins:* Maintain Neutral on Company, target price at Rs 3470/Sh (Neutral)
Macquarie on *Cummins:* Maintain Underperform on Company, raise target price at Rs 2190/Sh (Neutral)
Macquarie on *Eris Life:* Maintain Outperform on Company, cut target price at Rs 1100/Sh (Neutral)
Macquarie on *Apollo Hospitals:* Maintain Underperform on Company, target price at Rs 4200/Sh (Neutral)
Macquarie on *Zomato:* Maintain Underperform on Company, target price at Rs 96/Sh (Neutral)
CLSA on IT Sector: Reiterates cautious stance on Indian IT Sector, also giving as sell call on *LTIMindtree* and *Wipro*. (Negative)
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Stocks Picker Articles
31 May 2024 04:50
*Stocks in News*
*Bharat Dynamics:* Net profit at Rs 288.8 cr vs Rs 152.8 cr, Revenue at Rs 854 cr vs Rs 798.3 cr. (YoY) (Positive)
*India Nippon:* Net profit at Rs 20.5 cr vs Rs 6.3 cr, Revenue at Rs 196 cr vs Rs 160 cr. (YoY) (Positive)
*JITF Infralogistics:* Net profit at Rs 32.56 cr vs loss of Rs 20.1 cr, Revenue at Rs 875 cr vs Rs 630 cr. (YoY) (Positive)
*Radhika Jeweltech:* Net profit at Rs 11.46 cr vs Rs 5.30 cr, Revenue at Rs 154 cr vs Rs 99.6 cr. (YoY) (Positive)
*Bharat Dynamics:* Net profit at Rs 288.8 cr vs Rs 152.8 cr, Revenue at Rs 854 cr vs Rs 798.3 cr. (YoY) (Positive)
*Sunteck:* Net profit at Rs 101 cr vs loss Rs 28 cr, Revenue at Rs 427 cr vs Rs 49 cr. (YoY) (Positive)
*NFL:* Net profit at Rs 182 cr vs loss Rs 269 cr, Revenue at Rs 5284 cr vs Rs 6300 cr. (YoY) (Positive)
*V2 Retail:* Net profit at Rs 3.9 cr vs loss Rs 8.2 cr, Revenue at Rs 296 cr vs Rs 190 cr. (YoY) (Positive)
*Reliance Infra:* Net loss at Rs 221 cr vs loss Rs 2700 cr, Revenue at Rs 4686 cr vs Rs 4200 cr. (YoY) (Positive)
*Udayshankar Infra:* Net profit at Rs 13.9 cr vs Rs 4.7 cr, Revenue at Rs 159 cr vs Rs 121 cr. (YoY) (Positive)
*Kelton:* Net profit at Rs 2.4 cr vs Rs 0.5 cr, Revenue at Rs 53 cr vs Rs 46.6 cr. (YoY) (Positive)
*JTKET:* Net profit at Rs 34.3 cr vs Rs 26.2 cr, Revenue at Rs 632 cr vs Rs 530 cr. (YoY) (Positive)
*Lux Ind:* Net profit at Rs 55.5 cr vs Rs 31.2 cr, Revenue at Rs 716 cr vs Rs 727 cr. (YoY) (Positive)
*Bengal Tea:* Net profit at Rs 311 cr vs Rs 287 cr, Revenue at Rs 523 cr vs Rs 410 cr. (YoY) (Positive)
*Gloster:* Net profit at Rs 311 cr vs Rs 287 cr, Revenue at Rs 523 cr vs Rs 410 cr. (YoY) (Positive)
*Bector Foods:* Net profit at Rs 33.6 cr vs Rs 27.7 cr, Revenue at Rs 406 cr vs Rs 346 cr. (YoY) (Positive)
*JNK India:* Net profit at Rs 16.7 cr vs Rs 10.7 cr, Revenue at Rs 227 cr vs Rs 107 cr. (YoY) (Positive)
*Elpro:* Net profit at Rs 24.0 cr vs loss Rs 0.3 cr, Revenue at Rs 113 cr vs Rs 43 cr. (YoY) (Positive)
*SPML Infra:* Net profit at Rs 17.3 cr vs Rs 11.5 cr, Revenue at Rs 463 cr vs Rs 460 cr. (YoY) (Positive)
*Roto Pumps:* Net profit at Rs 13.3 cr vs Rs 11.0 cr, Revenue at Rs 82 cr vs Rs 72 cr. (YoY) (Positive)
*Oricon:* Net profit at Rs 13.3 cr vs Rs 2.4 cr, Revenue at Rs 31 cr vs Rs 18 cr. (YoY) (Positive)
*TBO Tek:* Net profit at Rs 46.6 cr vs Rs 26.8 cr, Revenue at Rs 370 cr vs Rs 280 cr. (YoY) (Positive)
*Nahar Industrial:* Net profit at Rs 19.1 cr vs Rs 14.5 cr, Revenue at Rs 370 cr vs Rs 398 cr. (YoY) (Positive)
*Apollo Hospitals:* Net profit at Rs 258.6 cr vs poll Rs 249.8 cr, Revenue at Rs 4944 cr vs poll Rs 4886 cr. (YoY) (Positive)
*Welspun Corp:* Net profit at Rs 287.3 cr vs Rs 240.1 cr, Revenue at Rs 4461.2 cr vs Rs 4070.2 cr. (YoY) (Positive)
*Subex:* Company’s arm wins contract worth $1.1 million from telecom operator in Europe for fraud management on Hyper Sense AI /ML platform (Positive)
*Jio Financial Services:* Company unveils Jio Finance app in a beta version (Positive)
*MM Forgings:* Company board recommends issue of bonus shares to shareholders in ratio of 1:1 (Positive)
*HCL TECH:* Company integrates its GENAI platform HCLTECH AI force with google GEMINI (Positive)
*Tube Investments:* Company arm, Tl Clean Mobility, acquires 23.69% stake in IPL Tech Electric for Rs 185 crore. (Positive)
*HCL TECH:* Company infuses GENAI into MRO solution to redefine enterprises asset utilization. (Positive)
*NMDC:* Company to seek nod to add more mining areas in Karnataka & Chattisgarh. (Positive)
*KIMS Hospital:* Company has entered into a lease agreement to establish a 350-bed superspecialty hospital at the Peoples Education Society (PES) campus. (Positive)
*Hero Moto Corp:* Company launches Splendor+ model at Rs 82,911 (ex-showroom) in Delhi (Positive)
*Mahindra Logistics:* Company forms 50:50 JV with Seino Holdings in India for warehousing and trucking services (Positive)
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Stocks Picker Articles
30 May 2024 04:51
*ISGEC:* Net profit at Rs 72 cr vs Rs 93 cr, Revenue at Rs 1868 cr vs Rs 2043 cr. (YoY) (Neutral)
*Tata Steel:* Net profit at Rs 611 crore versus poll of Rs 942 crore, Revenue at Rs 58690 crore versus poll of Rs 58170 crore (Neutral)
*Suprajit:* Net profit at Rs 59.0 cr vs Rs 41.0 cr, Revenue at Rs 783 cr vs Rs 699 cr. (YoY) (Neutral)
*NOCIL:* Net profit at Rs 42.0 cr vs Rs 30.0 cr, Revenue at Rs 357 cr vs Rs 341 cr. (YoY) (Neutral)
*Bata:* Net profit at Rs 64.0 cr vs Rs 66.0 cr, Revenue at Rs 798 cr vs Rs 779 cr. (YoY) (Neutral)
*Lemon Tree:* Net profit at Rs 84.0 cr vs Rs 59.0 cr, Revenue at Rs 327 cr vs Rs 253 cr. (YoY) (Neutral)
*Shriram Prop:* Net profit at Rs 20.0 cr vs Rs 16.0 cr, Revenue at Rs 302 cr vs Rs 118 cr. (YoY) (Neutral)
*Mishra Dhatu:* Net profit at ₹46.3 cr vs ₹66.3 cr, Revenue at ₹405.5 cr vs ₹344.6 cr (YoY) (Neutral)
*Aditya Birla Capital:* Company invests Rs 300 crore in arm Aditya Birla Housing Finance on rights basis (Neutral)
*RR Kabel:* TPG Asia to sell entire 5% stake worth Rs 1000 cr (4-5% discount) (Neutral)
*KFINTECH:* General Atlantic Singapore to sell upto 6.8% stake worth Rs 833 cr (4% discount) (Neutral)
*CESC:* Minor fire incident at its subsidiary's plant Haldia (600 MW) in West Bengal (Neutral)
*Kuantum Papers:* Net profit at Rs 33.89 cr vs Rs 65.05 cr, Revenue at Rs 300 cr vs Rs 344 cr. (YoY) (Negative)
*Rana Sugar:* Net profit at Rs 21.7 cr vs Rs 45.4 cr, Revenue at Rs 421.2 cr vs Rs 461.1 cr. (YoY) (Negative)
*Munjal Showa:* Net profit at Rs 8 cr vs Rs 21 cr, Revenue at Rs 294 cr vs Rs 299 cr. (YoY) (Negative)
*Solara Active:* Net loss at Rs 255 cr vs Rs 4.0 cr, Revenue at Rs 299 cr vs Rs 381 cr. (YoY) (Negative)
*MTNL:* Net loss at Rs 784 cr vs Rs 749.0 cr, Revenue at Rs 209 cr vs Rs 219 cr. (YoY) (Negative)
*ITI:* The Arbitral Tribunal accepted some of the claims of HCL and rejected claims of ITI (Negative)
*IRB Infra:* Promoters to sell 4% stake worth Rs 1512cr (upto 13% discount) (Negative)
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Stocks Picker Articles
29 May 2024 05:17
Forthcoming Event
29th May: AAL, ADCINDIA, AHLUCONT, AKSHARCHEM, ALKEM, AMARJOTHI, ANDREWYU, ANSALHSG, ARIES, ASPINWALL, AVTNPL, BAMBINO, BANCOINDIA, BASML, BATAINDIA, BGWTATO, BHATIA, BIMETAL, BRISK, COCHINM, CORALFINAC, CUMMINSIND, DEEPAKFERT, DEEPAKSP, DONEAR, DPSCLTD, ELEMARB, GLOBUSSPR, GRWRHITECH, GUFICBIO, HAWKINCOOK, HEIDELBERG, HERITGFOOD, HINDCOMPOS, HITECHGEAR, ICEMAKE, INANI, INVPRECQ, IONEXCHANG, IPCALAB, ISGEC, JAYUSH, JDORGOCHEM, JINDALPOLY, JUBLPHARMA, KANCHI, KCPSUGIND, KNRCON, KOHINOOR, KOVAI, KUANTUM, LAMBODHARA, MAGNAELQ, MAITHANALL, MANGIND, MARBU, MAZDOCK, MEDICAMEQ, MENNPIS, MMFL, MODISONLTD, MULTIBASE, MUNJALSHOW, NAHARCAP, NAHARPOLY, NAHARSPING, NDGL, NEAGI, NOCIL, NSL, ORIENTPPR, PANCHSHEEL, POEL, RAJPALAYAM, RGL, RHIM, ROHLTD, ROSSELLIND, SALAUTO, SALEM, SALONA, SAVERA, SBCL, SHIVALIK, SHUKRAPHAR, SJVN, SMSPHARMA, SOUTHWEST, SPCAPIT, SUKHJITS, SUPER, SUPRAJIT, SVRL, TATASTEEL, TGVSL, VERITAS, VETO, VIDHIING, VIKRAMTH, WIPL, ZOTA, ZUARIIND to consider Dividend; Rajnish Retail to consider Fund Raising & Stock Split; Almondz Global Securities, Kapston Services to consider Stock Split; Aadhar Housing Finance, AGS Transact Technologies, Cinerad Communications, Ganesha Ecoverse, G R Infraprojects, Inventure Growth & Securities, Jet Infraventure, S&S Power Switchgears to consider Fund Raising; Samvardhana Motherson International to consider Dividend & Fund Raising; Saptak Chem And Business to consider Reduction of Capital
30th May: 1STCUS, ADSDIAG, AKASH, ALKOSIGN, ANSALBU, APOLLOHOSP, ARCHITORG, BBTCL, BDL, BECTORFOOD, BEEKAY, BEMHY, BENGALASM, BENGALT, BHARATAGRI, CINDHO, COMPEAU, ELGIRUBCO, FLUIDOM, GODFRYPHLP, GUJAPOLLO, HGS, HISARMETAL, IPL, ITL, IWP, JGTL, JYOTIN, KALYANIFRG, KEIL, KRYPTONQ, LAOPALA, LEHAR, MARKSANS, MUFTI, ORICONENT, PAKKA, PFOCUS, PRAJIND, PREMEXPLN, PTC, RAJESHEXPO, RIDDHICORP, ROTO, SAKUMA, SAMRATPH, SANCTRN, SANTETX, SHRAAITECH, SHRADHA, SIGIND, SRSOLTD, STEELCAS, SUPERHOUSE, SUPTANERY, SWANENERGY, TARSONS, TRITONV, VEERENRGY, VEERHEALTH, VIPULLTD, VISVEN, WELCORP, YSL to consider Dividend; AKM Creations, Avonmore Capital & Management Services, Comrade Appliances, Emerald Leisures, Fervent Synergies, Sikko Industries, Velox Industries, Viceroy Hotels to consider Fund Raising; NHC Foods to consider Fund Raising & Stock Split; Aartech Solonics to consider Bonus issue & Stock Split; Gloster to consider Dividend & Voluntary Delisting; JITF Infralogistics to consider Scheme of Arrangement; Hilton Metal Forging to consider Stock Split; Authum Investment & Infrastructure to consider Voluntary Delisting
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