Stocks Picker Articles

06 Jan 2025 04:19

*Corporate Actions*

*Dividend*

*10-Jan-25*
VTMLTD: Interim Dividend - Rs. - 0.25

*17-Jan-25*
TCS: Interim Dividend

*IPO*
Standard Glass Lining Technology: Open: 06-Jan-25; Close: 08-Jan-25
Quadrant Future Tek: Open: 07-Jan-25; Close: 09-Jan-25
Capital Infra Trust: Open: 07-Jan-25; Close: 09-Jan-25

*Buyback*
---

*Bonus*
Padam Cotton Yarns: Bonus Issue 1:1; Ex-Date: 08-Jan-25
Algoquant Fintech: Bonus Issue 1:2; Ex-Date: 08-Jan-25
Mayukh Dealtrade: Bonus Issue 3:5; Ex-Date: 17-Jan-25
B. N. Rathi Securities: Bonus Issue 1:1; Ex-Date: 24-Jan-25

*Stock Split*
Julien Agro Infratech: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 08-Jan-25
Jagsonpal Pharma: Stock Split From Rs. 5/- to Rs. 2/-; Ex-Date: 08-Jan-25
AA Plus Tradelink: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 08-Jan-25
Kamdhenu: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 08-Jan-25
Shriram Finance: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 10-Jan-25
Shardul Securities: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Jan-25
Regis Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25
Nava: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 20-Jan-25
B. N. Rathi Securities: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Jan-25

*Right Issue*
Nibe Ordnance and Maritime: Ex-Date: 07-Jan-25
Camlin Fine Sciences: Ex-Date: 08-Jan-25
Avonmore Capital & Management Services: Open: 23-Dec-24; Close: 06-Jan-25
Aastamangalam Finance: Open: 27-Dec-24; Close: 07-Jan-25
Sikko Industries: Open: 24-Dec-24; Close: 07-Jan-25
Moksh Ornaments: Open: 30-Dec-24; Close: 10-Jan-25
Murae Organisor: Open: 30-Dec-24; Close: 13-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Pro Fin Capital Services: Open: 09-Jan-25; Close: 24-Jan-24
Camlin Fine Sciences: Open: 17-Jan-25; Close: 27-Jan-24
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24
Harshil Agrotech: Open: 10-Jan-25; Close: 05-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24

*Spin Off*
ITC: Ex-Date: 06-Jan-25

*Open Offer*
India Cements: Open: 08-Jan-25; Close: 21-Jan-24

Stocks Picker Articles

06 Jan 2025 03:48

*Adhata Global:* Promoter Group, M.V. Credit Capital Pvt Ltd, Will sell up to 3.37% of total issued shares (Neutral)

*BASF Ltd:* Company transferred its Coatings business to its subsidiary, BASF India Coatings Pvt. Ltd. for Rs 182 Cr. (Neutral)

*Nalco:* Shri Brijendra Pratap Singh appointed as NALCO's Chairman-cum-Managing Director (Neutral)

*Nykaa:* Net revenue may grow over 20% but online fashion demand remains subdued (Neutral)

*Dhanlaxmi Bank:* Q3 Business Up 7.26% YoY at Rs 26,443 Cr, Total Deposit Up 5.07% YoY at Rs 15,067 Cr (Neutral)

*Oriental Rail:* Company received a significant order worth Rs 5.18 Cr from Modern Coach Factory. (Neutral)

*RPG Life Sciences:* Company reports fire incident at manufacturing plant in Navi Mumbai. (Neutral)

*M&M Financial:* Overall Disbursement Up 7% at Rs 16,450 Cr, Business Assets Up 18% YoY at Rs 1.15 Lk Cr. (Neutral)

*PH Trading:* Company announces Rs 75 crore worth of acquisitions in jewelry sector (Neutral)

*Vedanta:* Aluminum Production (GU) 3% YoY & (GU) 1% QoQ at 614 kt, Saleable Metal Flat YoY & Down 1% QoQ at 259 kt (Neutral)

*Kotak Mahindra Bank:* Milind Nagnur Resigns as Chief Operating Officer and Chief Technology Officer of the Bank w.e.f. February 15, 2025 (Neutral)

*Dabur India:* Expects Q3 cons revenue to rise in low single digit. (Neutral)

*Jayant Agro:* The Customs Commissioner imposed a fine of Rs 11.49 crore. (Neutral)

*Goodluck India:* Company announced that its subsidiary is establishing a new facility in Sikandarabad, Uttar Pradesh, India, with an investment of approx. Rs 216.50 cr (Neutral)

*AU Bank / Kotak Bank:* RBI grants approval to HDFC Bank to acquire up to 9.50% stake in Banks under various schemes (Neutral)

*Persistent:* Mr. Ankur Saxena has been appointed as the Chief Process Transformation Officer with effect from January 3, 2025. (Neutral)

*Elpro Int:* The Company and its subsidiary, Elpro Realty, have secured approval to acquire 100% partnership in EduSpace Services LLP for Rs 214.14 Cr from its current partners (Neutral)

*AU Small Finance Bank:* Total Deposits Up 2.3% QoQ, CASA Deposits Down 3.2% QoQ at Rs 34,400 Cr Vs Rs 35,521 Cr. (Neutral)

*Equinox India:* Company will provide a corporate guarantee for Sylvanus Properties' secured Non-Convertible Debentures worth up to INR 350 crores. (Neutral)

*Azad Engineering:* Company Approved up to Rs 1000 cr fund raising via equity (Neutral)

*Bandhan Bank:* Loans & Advances Up 2% QoQ, Total Deposits Down 1.1% (QoQ) & Up 20.1% (YoY) At Rs 1.41 Lk Cr. (Neutral)

*Andhra Paper:* Operations of the Rajahmundry-based manufacturing plant has been disrupted due to strike of the workers called by the Workers Trade Unions. (Negative)

*Hindustan Zinc:* Mined metal output down 2% at 2.65 lakh tonne year-on-year. (Negative)

*Union Bank:* Total Business Down 0.24% QoQ & Up 4.7% YoY At ₹21.65 Lk Cr, Global Gross Advances Up 2.18% QoQ & Up 5.93% YoY At ₹9.49 Lk Cr. (Negative)

*Bhagyanagar:* Company received a GST demand order of Rs 50.68 Cr from the Additional Commissioner of Central Tax, Secunderabad Commissionerate, Hyderabad. (Negative)

*Premier Explosives Ltd:* Company reports a fire accident at its Peddakandukur factory on January 4, 2025. (Negative)

Stocks Picker Articles

05 Jan 2025 03:21

of Rs.25+. Share trades at a forward P/E of 8.9x vs. industry average P/E of 16x.

*Gujarat State Fertilizers* posted H1 EPS of Rs.9.7, which may lead to FY25 EPS of Rs.20+. Retain this share in the portfolio.

Cash-rich *Sree Rayalaseema Hypo Strength* posted H1 EPS of Rs.25.6, which may lead to FY25 EPS of Rs.55. Share trades at a forward P/E of just 12.7x vs. industry average P/E of 52x.

*PG Foils* posted 207% higher H1 EPS of Rs.15.6, which may lead to FY25 EPS of Rs.25. Share trades at a forward P/E of just 8x.

*Money Times Talk is part of 'Money Times' publication.bs.*

Stocks Picker Articles

05 Jan 2025 03:21

and offers significant upside.

*Sasan Power,* a subsidiary of *Reliance Power* made a US$150 million debt payment to IIFL and its ultra-mega plant provides electricity at the lowest tariff in India. Keep track.

*Reliance Infrastructure* posted an EPS of Rs.4.86 and approved Rs.3,000 cr. issue, boosting its net worth to Rs.12,000 cr. with minimal debt, eyeing its 52-week high of Rs.351.

*International Conveyors* posted 61% higher H1FY25 PAT of Rs.59.33 cr. and is set for re-rating, targeting its 52-week high of Rs.125.

*ITD Cementation India* secures Rs.1648 cr. marine contract for the Vadhvan port project, eyeing its 52-week high of Rs.694.

*Pennar Industries* partners with Zetwerk Manufacturing for solar module production and may surpass its 52-week high of Rs.228.

With the mining sector's boom, *Somi Conveyor Beltings and International Conveyors* are poised for solid gains.

*Sree Rayalseema Hi-Strength Hypo’s* PAT rose 40% to Rs.25.95 cr., targeting FY25 EPS of Rs.60+. A re-rating candidate, it may surpass Rs.944.

*Patel Engineering* posted 89% higher Q2FY25 PAT and signed MOUs with RVNL and Ircon for infrastructure projects. Stock may surpass its 52-week high of Rs.79.

*Pennar Industries* targets a topline of Rs.7000+ cr. with strong Q3 and Q4 performance, alongside a 400-acre land bank. The stock may cross its 52-week high of Rs.228.

*Ramky Infrastructure* secures Rs.215 cr. order from Hyderabad Metropolitan Water Supply & Sewerage Board for a 5-year STP contract. Its 52-week high is Rs.1009.

*Riddhi Corporate Services* posted H1 EPS of Rs.2.63, is attractively valued and offers backend services to top sectors. Track for potential gains.

*Krishna Ventures* manufactures air conditioners for Defence & Railways with strong order growth. Keep on radar for upside.

*Nahar Industrial Enterprises* offers strong value at Rs.650 cr. market cap, with textile, sugar, and real estate businesses trading at a low P/B of 0.68x.

*Somi Conveyor Beltings* secures Rs.12.42 cr. order from South Eastern Coalfields Ltd., benefiting from the mining boom & attractive valuations. Good for short to medium-term.

NSE SME *Systango Technologies*, debt-free and strong in AI, Blockchain, Web3 and cloud, posted impressive ROE of 29.5% and ROCE of 28.4%. Attractive at Rs.288, looks undervalued.

*Reliance Power*, a zero-debt co., raised Rs.1,525 cr. via equity warrants, positioning itself for growth in renewable energy. Stock looks promising with enhanced equity base.

*Sree Rayalseema Hi-Strength Hypo* expands into PCB manufacturing, electronics & real estate with strong backing from TGV group's Andhra Pradesh promoter. Growth potential may surpass Rs.944 52-week high.

*RAILTEL* secures Rs.279 cr. in orders and is priced at Rs.422, well below its 52-week high of Rs.618. Railway stocks often rise pre-Budget. Keep on track for gains.

*Vakrangee* partners with Shriram Life Insurance and Future Generali to offer life insurance products through its ‘kendras’ in underserved areas.

*MIC Electronics* completes Rs. 51 cr. investment in Dubai's SOA Electronics Trading and secures CCA approval for a microprocessor controller for roof-mounted AC packages.

*Mercury EV Tech* to acquire 69.84% in DC2 Mercury Cars led by renowned designer Dilip Chhabria to leverage his expertise in car design.

*Hi-Tech Pipes* achieves record sales with 9MFY25 volume rising 30% YoY to 3,69,415 MT driven by strong demand for solar torque tubes.

*Bartronics India* to discuss an MOU with TPW Global on 8th Jan 2024. Earlier, it acquired 6.47% in Ampivo Smart Technologies focusing on impactful innovative solutions.

*Pradhin Ltd* board to review a 1:10 stock split, 2:1 bonus issue and 100% dividend proposal on 17th Jan 2025.

*Bright Outdoor Media* wins Rs.60 cr. contract for exclusive advertising rights across 17,555 sq. ft. in Mumbai's western suburbs covering 11 prime sites with digital & static displays.

*Manaksia Coated Metals & Industries* raises Rs. 134.55 cr. via 2.07 cr. convertible warrants on a preferential basis to promoters an

Stocks Picker Articles

05 Jan 2025 03:20

*Money Times Talk*

*4th January 2025*

₹

Although Money Times recommendation have outperformed other media, stock brokers and research houses, the brief recommendations under Money Times Talk (MTT) cannot display ‘BUY’, ‘SELL’ or ‘HOLD’ recommendations. Readers should, therefore, exercise their own judgement and evaluate the future prospects of the stock given its past performance, industry prospects in the backdrop of a growing economy and in consultation with their investment adviser.

2025 is a Gann year as number 9 is significant (2+2+5=9) indicating high volatility with both all-time high (ATH) and 52-week low in it. Since 1992, the first trading session of the new year has been on a Wed (like this year) 5 times in 32 years, the Sensex has given very good returns all five times.

Start each trading day with this wisdom: The stock market builds wealth over time, not instantly. Trade with a plan, strategy, risk management system, rules, stop loss and profit target.

Alert: Beware of unlisted stocks marketed as pre-IPO with promises of 10x-20x returns in 2-4 years. Many SME stocks are overpriced and scams abound. Avoid speculative penny stocks with no proven history or future. 2025 will be a challenging year; stay cautious & avoid greed.

As per a market veteran, 2025 could be challenging due to high valuations in the broader market. Focus on stocks with strong history, investor-friendly promoters and visible earnings for steady 20-40% returns over 5-7 years avoiding speculative penny stocks and fake narratives. Large caps may outperform mid and small caps.

Key Events in Jan 2025: Q3 results begin, Donald Trump assumes office on 20th Jan, US Fed policy on 28th-29th Jan and Indian FAR bonds join Bloomberg EM index with a 10% weight on 31st Jan 2025.

Top Sectors to Watch: Capital goods, consumer discretionary, data centers, lab-grown diamonds, electronics manufacturing services (EMS), export-oriented sectors, CDMO/CMO pharmaceuticals, precision engineering, semiconductors, real estate, solar and wind energy, textiles, transmission and wastewater treatment.

As per astrology view, some important turning dates are 6, 10, 14 & 16 Jan 2025. As per astro view pre-Budget rally may begin post-14th Jan with Nifty targets of 24500, 24750 and 25000.

PSU Banks are a rare mix of growth and low valuations offering strong fundamentals and a unique investment opportunity outside the commodity sector.

As per market veteran, the historical P/E of Nifty50 (CY closing basis) has trended lower, with 2024 at 21.9, the lowest in the past 7 years. Upcoming Results Date wise Company Name: 7th Jan: GM Breweries, 9th Jan: TCS, Tata Elxsi, 10th Jan: CESC, GNA Axle, 13th Jan: Angel One, HCL Tech, 14th Jan: HDFC AMC, 15th Jan: HDFC Life, LTTS, 16th Jan: Infosys, 17th Jan: Amal, ICICI General, Tech Mahindra, 20th Jan: ICICI Sec, MCX, 21st Jan: ICICI Pru, KEI Ind, Ultratech, 22nd Jan: Coforge, HDFC Bank, Polycab, 23rd Jan: Cyeint, Dr Reddy, Mphasis, NAM India, 24th Jan: Atul, JSW Steel, 25th Jan: ICICI Bank, IDFC Bank, JK Cement, 28th Jan: Bosch, Bajaj Auto, Exide, M&M Finance, RBL Bank, UTI AMC, 29th Jan: KPIT Tech, 30th Jan: Dabur, Naveen Fluorine, Shree Cem, 31st Jan: Nestle. FOMO leads to bad trades, fear causes early exits—master these for market success. RBI may cut rates by 50 bps in H1FY25, following recent liquidity adjustments. The next MPC meeting is scheduled for 5-7 February 2025. CLSA forecasts muted 2025 returns due to global and domestic challenges. While Asia’s manufacturing giants slow, the global economy faces moderate growth, urging diversification and vigilance for investors.

In 6th January MTTs, NSE SME S J Logistic given at Rs.190, touched Rs.725 - a superb gain of 282%.

In 13th January MTTs, Anantraj given at Rs.319 touched Rs.892 - a gain of 180% & still looks good.

In 21st January MTTs, NSE SME Essen Specialty Films given at Rs.220 touched Rs.745 - a gain of 239%, Vakrangee given at Rs23 touched Rs.36.50 - a gain of 59% & still looks very good.

In 27th January MTTs, Essen Specialty Films given at Rs.2

Stocks Picker Articles

04 Jan 2025 10:27

BANK OF INDIA Q3 Business update

Global Business Up 13.6 % To ₹14,46,359 crore YoY

Global Deposits Up 12.3 % To ₹7,94,787 crore YoY

Global Advances Up 15.3 % To ₹6,51,572 crore YoY

Domestic Deposits Up 13.3 % To ₹6,78,626 crore YoY

Domestic Advances Up 15 % To ₹5,46,150 crore YoY

Stocks Picker Articles

04 Jan 2025 04:32

BAJAJ FINANCE Q3 BIZ UPDATE

CUSTOMER FRANCHISE UP 21 % TO 9.71 CR (YOY), UP 6 % (QOQ) ( HIGHEST EVER QUARTERLY INCREASE IN CUSTOMERS )

NEW LOAN BOOKED UP 22% TO 12.06 MN (YOY), UP 24% (QOQ) ( HIGHEST EVER)

AUM UP 28 % TO 3.98 LKH CR (YOY), UP 7 % (QOQ)

DEPOSITS BOOK UP 19 % TO 68,800 CR (YOY), UP 4 % (QOQ)

BAJAJ FINANCE GROWTH QOQ V LAST Q2

CUSTOMER FRANCHISE UP 6 % V UP 5 % IN Q2

NEW LOAN BOOKED UP 24 % V - 12 % IN Q2

AUM UP 7 % V UP 5 % IN Q2

DEPOSITS BOOK UP 4 % V UP 5 %

Stocks Picker Articles

03 Jan 2025 04:31

*Corporate Actions*

*Dividend*

*03-Jan-25*
REDTAPE: Interim Dividend – Rs. 2.00

*IPO*
Standard Glass Lining Technology: Open: 06-Jan-25; Close: 08-Jan-25
Quadrant Future Tek: Open: 07-Jan-25; Close: 09-Jan-25
Capital Infra Trust: Open: 07-Jan-25; Close: 09-Jan-25

*Buyback*
---

*Bonus*
KPI Green Energy: Bonus Issue 1:2; Ex-Date: 03-Jan-25
Garware Technical Fibres: Bonus Issue 4:1; Ex-Date: 03-Jan-25
Ceenik Exports (India): Bonus Issue 1:5; Ex-Date: 03-Jan-25
Padam Cotton Yarns: Bonus Issue 1:1; Ex-Date: 08-Jan-25

*Stock Split*
Inertia Steel: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 03-Jan-25
Julien Agro Infratech: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 08-Jan-25
Jagsonpal Pharma: Stock Split From Rs. 5/- to Rs. 2/-; Ex-Date: 08-Jan-25
Kamdhenu: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 08-Jan-25
Shriram Finance: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 10-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25

*Right Issue*
Aastamangalam Finance: Open: 27-Dec-24; Close: 03-Jan-25
Avonmore Capital & Management Services: Open: 23-Dec-24; Close: 06-Jan-25
Moksh Ornaments: Open: 30-Dec-24; Close: 10-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24

*Spin Off*
ITC: Ex-Date: 06-Jan-25

*Open Offer*
India Cements: Open: 08-Jan-25; Close: 21-Jan-24

Stocks Picker Articles

03 Jan 2025 03:39

*Stocks in Action*

*Eicher Motors:* It is an automotive company that has diversified interests in motorcycle and commercial vehicles manufacturing. The Company is engaged in the manufacturing and selling of motorcycles, spare parts and related services. The company gave phenomenal Monthly sales update with Royal Enfield reporting monthly sales of 79,466 motorcycles in December 2024, marking a 25% YoY growth compared to 63,387 motorcycles sold in December 2023. Domestic sales stood at 67,891 units, reflecting a 19% YoY growth, while exports rose significantly to 11,575 units, up 90% from 6,096 units during the same period last year. For the year-to-date (YTD) period, Royal Enfield sold 6,52,856 motorcycles in the domestic market, a 4% increase compared to 6,30,273 units in the previous financial year. Exports for the YTD period grew 35% YoY, reaching 74,221 units, compared to 54,786 units in 2023-24. Total YTD sales stood at 7,27,077 motorcycles, up 6% from 6,85,059 motorcycles in the previous year. Going forward the management remains optimistic on delivering growth in its volume, which shall be driven by promotional spends towards new model and healthy growth rate in the export market. Additionally, its expansion in different categories of premium segment shall aid in sustaining market share and offsetting competitive intensity. *Positive on Eicher Motors given the strong fundamentals and performance of the company.*

*Punjab National Bank* : The bank offers services like corporate and personal banking, industrial finance, agricultural finance, financing of trade and international banking. PNB gave a healthy quarterly business update for quarter ended Q3FY25. Global Business of the company rose to Rs 26,42,341 crore, registering a YoY growth of 15.3%. Domestic Business grew to Rs25,37,334 crore, marking a YoY growth of 14.3%. Global Deposits rose to Rs15,30,401 crore, achieving a YoY growth of 15.6%, and Domestic Deposits increased to Rs14,75,482 crore, reflecting a YoY growth of 14.4%. Global Advances grew to Rs11,11,940 crore, recording a YoY growth of 15.0%, while Domestic Advances reached Rs10,61,852 crore, achieving a YoY growth of 14.1%. The Global CD Ratio stood at 72.66% during the same period. Going forward the bank is reasonably confident that bad loan recoveries would continue to drive profitability and support RoA trajectory of ~1% as the overall bad loan pool is still quite large at ~Rs. 140,000 crore. Credit cost for FY25E would be in the range 25-30 bps of avg advances. The bank has maintained its conservative guidance on loan growth at ~11-12% in FY25 with a faster growth in RAM advances and has also maintained its guidance on NIMs at 2.9-3.0% until rate cuts starts. *Positive on Punjab National Bank given the strong fundamentals and performance of the company.*

Stocks Picker Articles

02 Jan 2025 15:39

Two-Wheelers sales

Total: Up 8% (312,002 units in Dec 2024 vs. 290,064 in Dec 2023).

Domestic: Steady at 215,075 units (214,988 in Dec 2023).

Motorcycles: Down 2% (144,811 units in Dec 2024 vs. 148,049 in Dec 2023).

Scooters: Up 30% (133,919 units in Dec 2024 vs. 103,167 in Dec 2023).

Electric Vehicles sales Up 79% (20,171 units in Dec 2024 vs. 11,288 in Dec 2023).

Stocks Picker Articles

02 Jan 2025 15:00

HIND ZINC Q3 BIZ UPDATE

In Q3, mine metal production reached 265kt, up 3% QoQ, driven by higher grades and increased output at Agucha and Zawar. However, it was down 2% YoY due to lower ore production at Agucha and SK mines.

Refined metal production stood at 259kt, flat YoY and slightly down QoQ due to planned maintenance.

Refined zinc production rose 3% QoQ to 204kt, while lead production fell to 55kt.

Silver production was 5.2 moz, in line with lead output, Down 18 % YOY , Down 13 % QOQ

Wind power generation declined 14% YoY to 47 MU due to lower wind velocity.

Stocks Picker Articles

02 Jan 2025 09:46

Sources Says Commerce Minister Piyush Goyal to meet EV players on Jan 3 - ETNOW

Discussions to increase focus on EV charging infrastructure

Officials from Road Transport Min, Petroleum and Natural Gas Min, SIAM officials to be present

Electric two-wheeler makers, four- wheeler cos to be present

Stocks Picker Articles

02 Jan 2025 09:17

*TVS MOTOR:* DECEMBER TOTAL 3,21,687 SALES UNITS VS EST 3,35,300 (NUMBERS MARGINALLY MISSED EST)

Stocks Picker Articles

02 Jan 2025 08:32

Eris life CMP 1330
MCAP: 18k Crs
PE: 52
ROE: 16%
ROCE: 11%
Pledge: 18%
Eq capital: 14 Crs
OCF: 486 Crs
Reserve: 2758 Crs
Promoter hold around 54.9%, FIIs: 8% and DIIS: 18.6% respectively.

Business
The company is a leading player in the domestic branded formulations market. It is the youngest among the top 20 companies in the Indian Pharmaceutical Market.

Export Injectibles Business (10% in Q1 FY25 vs Nil in FY22):

The company entered this segment in February 2024 by acquiring Swiss Parenterals, a dossier-driven sterile injectable business with over 190 unique molecules and a pipeline of more than 40 new molecules. Swiss Parenterals exports its injectable products to over 70 markets across Africa, Asia Pacific, the Middle East, Latin America, and CIS countries.

Acquisitions (Aggressive acquisitions in last 2 years)

1. Acquired 9 dermatology brands from Glenmark Pharmaceuticals Ltd for Rs. 340 Cr in January 2023.
2. 9 dermatology brands from Dr. Reddy’s Laboratories Ltd for Rs. 275 Cr in March 2023.
3. Acquired Biocon Limited’s nephrology and immunotherapy businesses for Rs. 366 Cr in November 2023.
4. Acquired a 51% stake in Swiss Parenterals for Rs. 637 Cr in February 2024 and an additional 19% stake in April 2024 for Rs. 237.5 Cr.
5. Acquired the Indian branded formulation business comprising Insulin, Oncology, and Critical Care products from Biocon Biologics for Rs. 1,242 Cr in April 2024. It has also signed a 10-year supply agreement with Biocon Biologics.
6. Approved Chemman Labs's acquisition at a Rs. 105 Cr valuation in August 2024

Product Launches
The company launched over 150 products between FY16 and FY23. In FY24, it introduced 2 first-in-market fixed-dose combinations for oral anti-diabetes. For FY25, it plans to launch more than 20 additional first-in-market combinations and products.

Capex Plans
In FY25, the company plans to incur Rs. 105 Cr on Biocon’s loan license site acquisition. It has planned a capex of Rs. 100 Cr to Rs. 120 Cr on the various Biotech segments like Hormones, Insulins, etc in FY25, and a capex of Rs. 70-80 Cr in FY26.

Focus
For FY25, the company targets a total domestic branded formulations revenue of over ₹2,600 Cr, with an EBITDA margin of 36%.
For Swiss Parenterals, it aims for a revenue of ₹330 Cr and an EBITDA margin of 35%. On a consolidated basis, the company anticipates revenue of ₹3,000 Cr with an EBITDA margin of 35%.

It also plans to reduce its outstanding debt from Rs. 3,000 Cr in FY24 to Rs. 2,000 Cr in FY26.

Pros/Key Points
-The recent acquisition of a 70% stake in Swiss Parenterals Limited (SPL) and branded injectable business from Biocon Biologics Limited is expected to give ELL access to their large injectables portfolio, which it can leverage to build a branded injectable business in India, along with exposure to RoW markets (Africa, Asia-Pacific, Middle East and Latin America) among other benefits.

- Moreover, ELL has a limited exposure of 7% to the National List of Essential Medicines portfolio, implying the limited impact of price control. 

-Eris key therapies to grow at a CAGR of 12%-14% over FY24-FY27, including M&A completed up to April 2024. As per estimates.

- Diversified Portfolios: With multiple strategic acquisitions in the recent past, ELL has entered into new therapies of dermatology, immunotherapy and cosmetology, and consolidated its position in cardio-metabolic and women’s health therapies. 

-Eris has one of the highest gross margins and EBITDA margins among the other top Indian pharma players.

Cons
-Debt increased from 877 Crs to 2700 Crs in last 2 years although it was series of acquisition in last 2 years.
-Pledge of shares around 18% due to debt

Stocks Picker Articles

02 Jan 2025 06:51

DEEPAK NITRATE; The anti-dumping investigation concerning imports of 4,4-Diamino Stilbene-2,2-Disulphonic Acid (DASDA) from China PR was initiated vide notification dated 27th December 2024.

The applicant has claimed that the subject imports are undercutting and depressing their prices, resulting to financial losses and a negative return on capital employed. Moreover, despite increased production capacity, the applicant’s production and domestic sales have declined. Due to the presence of low-priced imports from China PR, the applicant’s market share has also declined.

Stocks Picker Articles

06 Jan 2025 03:48

*Fund Houses Recommendations*


Jefferies on *LTIM:* Upgrade to Buy on Company, raise target price at Rs 6650/Sh (Positive)

Jefferies on *MPhasis:* Initiate Buy on Company, target price at Rs 3460/Sh (Positive)

Nomura on *Bajaj Finance:* Upgrade to Buy on Company, target price at Rs 8560/Sh (Positive)

BofA on *Bajaj Finance:* Maintain Buy on Company, target price at Rs 8800/Sh (Positive)

MS on *Bajaj Finance:* Maintain Overweight on Company, target price at Rs 7300/Sh (Positive)

Axis on *Bajaj Finance:* Maintain Buy on Company, target price at Rs 8100/Sh (Positive)

Nuvama on *SBI Cards:* Upgrade to Buy on Company, raise target price at Rs 850/Sh (Positive)

GS on *Godrej CP:* Maintain Buy on Company, target price at Rs 1370/Sh (Positive)

CLSA on *Reliance Ind:* Maintain Outperform on Company, target price at Rs 1650/Sh (Positive)

Emkay on *Metro Brands:* Maintain Buy on Company, target price at Rs 1500/Sh (Positive)

Citi on *Bank Baroda:* Maintain Buy on Bank, target price at Rs 300/Sh (Positive)

Citi on *Marico:* Maintain Buy on Company, target price at Rs 750/Sh (Positive)

Citi on *RBL Bank:* Maintain Buy on Bank, target price at Rs 205/Sh (Positive)

Morgan Stanley on Realty: Strong sales momentum expected for *DLF* (+60% FY25 YoY growth). (Positive)

Morgan Stanley on *India Equity Outlook:* India likely to be among the best-performing EMs in 2025! Strong earnings, macro stability, and domestic flows stand out. (Positive)

CLSA on *India Strategy:* Add *Tata Motors, NTPC, Nestle and Britannia* to India-Focus portfolio. Remove HDFC Bank (Positive)

Bernstein on *HDFC Bank:* Maintain Outperform on Bank, target price at Rs 2300/Sh (Neutral)

Jefferies on *HDFC Bank:* Maintain Neutral on Bank, target price at Rs 1780/Sh (Neutral)

MS on *HDFC Bank:* Maintain Overweight on Bank, target price at Rs 1975/Sh (Positive)

Jefferies on *Tata Steel:* Maintain Buy on Company, cut target price at Rs 165/Sh (Neutral)

Jefferies on *JSW Steel:* Maintain Buy on Company, cut target price at Rs 850/Sh (Neutral)

Jefferies on *Coal India:* Maintain Buy on Company, cut target price at Rs 475/Sh (Neutral)

Nomura on *Kotak Bank:* Maintain Buy on Bank, target price at Rs 2170/Sh (Neutral)

Nomura on *AU Bank:* Maintain Neutral on Bank, target price at Rs 670/Sh (Neutral)

Citi on *AU Bank:* Maintain Neutral on Bank, target price at Rs 625/Sh (Neutral)

Jefferies on *Bandhan Bank:* Maintain Buy on Bank, target price at Rs 210/Sh (Neutral)

Citi on *Dabur:* Maintain Sell on Company, target price at Rs 510/Sh (Neutral)

CLSA on *Dabur:* Maintain Hold on Company, target price at Rs 582/Sh (Neutral)

Macquarie on *Dabur:* Maintain Neutral on Company, target price at Rs 560/Sh (Neutral)

MS on *Dabur:* Maintain Equal weight on Company, target price at Rs 531/Sh (Neutral)

MS on *M&M Fin:* Maintain Equal weight on Company, target price at Rs 285/Sh (Neutral)

MS on *Bank Baroda:* Maintain Equal weight on Bank, target price at Rs 270/Sh (Neutral)

MS on *L&T Fin:* Maintain Underweight on Bank, cut target price at Rs 112/Sh (Neutral)

CLSA on *Bandhan Bank:* Maintain Overweight on Bank, cut target price at Rs 220/Sh (Neutral)

Jefferies on *Indusind Bank:* Maintain Buy on Bank, target price at Rs 1200/Sh (Neutral)

Citi on *Indusind Bank:* Maintain Buy on Bank, target price at Rs 1378/Sh (Neutral)

Nomura on *Yes Bank:* Maintain Neutral on Bank, target price at Rs 17/Sh (Neutral)

MS on *Marico:* Maintain Equal weight on Company, target price at Rs 625/Sh (Neutral)

CLSA on *Marico:* Maintain Underperform on Company, target price at Rs 482/Sh (Neutral)

Macquarie on *Marico:* Maintain Outperform on Company, target price at Rs 570/Sh (Neutral)

Morgan Stanley on *Paints:* Weakness in demand continues despite festivities; competitive intensity remains high. (Neutral)

Stocks Picker Articles

06 Jan 2025 03:47

*Stocks in News*


*Brigade* Company to Develop a Residential Project on Whitefield- Hoskote Road, Bengaluru with Gross Development Value of Rs. 2700 Cr. (Positive)

*Hindustan Unilever:* Company in talks to acquire skincare startup Minimalist for Rs 3,000 crore. (Positive)

*IMFA:* investor Dolly khanna name appears in Q3 shareholding with 1.16% stake. (Positive)

*Rama Phosphates:* Company approves stock split of 1 share into 2 shares. (Positive)

*RailTel:* Company has received the work order from M/s HPSES amounting Rs 14.63 crore. Company Signed MoU with Visakhapatnam Port Authority (Positive)

*Quess Corp:* Gets Income Tax Refund including interest of ₹124.80 Cr for FY24 (Positive)

*DCX Systems:* Company receives export purchase order from ELTA systems, order valued at $56.5 million. (Positive)

*Tata Elxsi:* Company to Accelerate SDV Adoption for Next Generation Mobility with Qualcomm s Snapdragon Automotive Platforms (Positive)

*Adani Wilmar:* Revenue jumps 33% YoY aided by volume growth during Q3 (Positive)

*NTPC Green:* Company’s wholly owned subsidiary of NTPC Renewable Energy Limited won 1000MW in UPPCL''s Solar PV Power Project Auction (Positive)

*EaseMyTrip:* Nishant Pitti confirms no further stake sale in Company after stepping down as CEO (Positive)

*Utkarsh Small Fin Bank:* Bank received RBI's approval for the amalgamation of Utkarsh CoreInvest Limited with itself. (Positive)

*Hindustan Foods:* Company acquires MMG Enterprises’ bottled water facility in Odisha for Rs 29.5 crore (Positive)

*Deep Industries:* Company secures Rs 90.70 crore contract from ONGC for workover rig hire (Positive)

*L&T FIN:* Retail Disbursements Up 4.4% at ₹15,170 Cr Vs ₹14,531 Cr, Retail Loan Book Up 23.3% At ₹92,200 Cr Vs ₹74,759 Cr (YoY). (Positive)

*HG Infra Engineering:* Company gets LoI from Gujarat Urja Vikas Nigam for setting up a 250 MW/ 500 MWH standalone battery energy system in Gujarat (Positive)

*Uco Bank:* Total Deposits Up 9.37% YoY & 1.45% QoQ At Rs 2.80 Lk Cr, Total Business UP 12.18% YoY & 2.95% QoQ At Rs 4.88 Lk Cr. (Positive)

*Bank of India:* Q3 domestic Deposits Up 13.27% YoY at Rs 6.78 Lk Cr, Domestic Advances Up 14.98% YoY At Rs 5.46 Lk Cr (Positive)

*Tamilnad Mercantile Bank:* Bank strengthens services for NRI customers with the launch of Global NRI Center (Positive)

*ESAF SFB:* Total Deposits Up 18.84% YoY & Up 3.70% QoQ At ₹22,413 Cr (Positive)

*Bajaj Finance:* Customer Franchise up 21 % to 9.71 cr (YoY), up 6 % (QoQ), New Loan booked up 22% to 12.06 MN (YoY), UP 24% (QoQ) (Positive)

*Bajaj Housing:* Asset under management up 6 % to 1.08 Lk cr (QoQ), up 26 % (YoY), loan assets up 6 % to 95,550 cr (QoQ) (Positive)

*Interarch Building:* Company expects Rs 300 Crore from Partnership with JSPL (Positive)

*Medicamen:* Company incorporates a subsidiary to distribute medicines, antibiotics, vaccines, supplements, cosmetics, and personal care items. (Positive)

*IEX:* Electricity traded volume up 29% YoY at 11,132 MU (Positive)

*Steel Stocks:* Govt to launch another round of PLI Scheme for Steel Sector Today (Positive)

*IDBI Bank:* Total Business up 13% at Rs 4.89 Lk Cr Vs Rs 4.33 Lk Cr, Total Deposits up 9% At Rs 2.82 Lk Cr vs Rs 2.58 LK Cr (YoY) (Positive)

*Bank of Baroda:* Q3 Domestic Advances Seen Growth Of 11.76% (YoY), Domestic Retail Advances Seen Growth Of 19.48% (YoY) (Neutral)

*ITC:* Ex-date for demerger of ITC hotels (Neutral)

*Ujjivan SFB:* Total Deposits Up 16% YoY At ₹34,496 Cr Vs ₹29,669 Cr, CASA Up 15% YoY At ₹8,657 Cr Vs ₹7,556 Cr (Neutral)

*HDFC Bank:* Advances up 1% QoQ; Deposits up 2.5% QoQ; CASA down 1.3% QoQ (Neutral)

*RBL Bank:* Total Deposits Up 15% YoY & Down 1%, Gross Advances Up 13% YoY & 3% QoQ (Neutral)

*ICICI Bank:* Received an Order from Maharashtra GST Department raising GST demand of Rs 50 crore and Rs 50 crore of penalty and interest as applicable (Neutral)

Stocks Picker Articles

05 Jan 2025 03:21

d non-promoters.

*Phantom Digital Effects* secures Rs. 27 cr. in contracts for Oct-Dec 2024 with Rs. 20 cr. recognized in H2FY25 and Rs. 7 cr. in subsequent months.

*Digikore Studios'* iMadeASong.com launches innovative features allowing users to create custom songs with selfie lip-sync videos or nostalgic slideshows.

*Dhruv Consultancy Services* in JV with Global Infra Solutions bags Rs. 44 lakh consultancy contract for the Garkhal Bridge project in Himachal Pradesh.

*AVG Logistics* to acquire a major stake in Kaizen Logistics with the deal set to close by Q4FY25.

*Supreme Power Equipment* receives Rs. 3.63 cr. order from TRANTRANSCO for power transformers to be completed in three months.

*Medicamen Organics* partners with Nepal-based Medi Hub Organic investing Rs. 9 cr. to set up a pharmaceutical manufacturing facility acquiring a 30% stake.

*Phantom Digital Effects* expands globally with a subsidiary in China and plans to acquire TIPPETT CANADA INC.

*A B Cotspin India* secures Rs. 7.5 cr. cotton yarn order (300 MT) and boosts solar capacity to 2,800 KW adding 331 KW by Jan 2025.

*Afcom Holdings* begins international flights to Bangkok; aircraft receives a water cannon salute at Chennai International Airport on 27th Dec 2024.

*Shera Energy₹ grows production capacity by 15% to 46,750 MT.

*Rajputana Industries* expands production capacity by 17% to 13,150 MT including aluminium, copper and brass products.

*Sejal Glass* to issue equity shares worth Rs. 21.18 cr. convertible warrants worth Rs. 10.85 cr. and plans to raise up to Rs. 100 cr. through a QIP.

*Medicamen Organics* incorporates a new subsidiary, Grande Etoile Pharmaceuticals.

*Praveg* to launch operations of its luxury resort, Praveg Caves Jawai from 1st January 2025.

*Captain Polyplast* approves issuance of 48 lakh convertible warrants to promoter and non-promoter groups.

*Exhicon Events Media Solutions* approves issuance of 44.74 lakh convertible warrants at Rs. 315 each (total Rs. 140.93 cr.), subject to shareholder approval.

*Rajputana Industries* posted 85% higher 9MFY25 sales growth of Rs. 403.34 cr. from Rs. 217.01 cr. YoY.

*Shera Energy* posted 50% higher 9MFY25 sales growth of Rs. 900.13 cr. from Rs. 589.95 cr. YoY.

*Tata Power* aims for 1 lakh EV charging stations by 2025 with 74.2% PAT CAGR in 5 years. Partnerships in EV infrastructure and cooling solutions positions it for strong growth.

*Mobikwik* leverages India's digital infrastructure with wallets, BNPL services and innovative products like ZIP. It is poised for growth amid rising digital transactions.

*Rudra Global Infra* targets Rs. 1000 cr. turnover via Rs. 190.cr. solar capex, expanded TMT production and a wind project LOI, signaling multibagger potential.

*Aartech Solonics* excels in power and defence with record orders, Army recognition and promoter stake growth offers strong upside potential.

*Tamilnad Mercantile Bank* posted 10% higher H1 EPS of Rs.37.3, which may lead to FY25 EPS to Rs.75. Its NPA dropped to 0.46% from 1% YoY and trades at a forward P/E of 6.7x against the industry P/E of 16x.

*Capacite Infra Projects* posted 125% higher Q1 EPS of Rs.6.3, which may lead to FY25 EPS of Rs.25. It has orders of Rs.1203 cr. from Signatureglobal, which signals growth.

*Indian Hume Pipe* holds an order book of Rs. 4168 cr. and H1 EPS of Rs.8.3, which may lead to FY25 EPS of Rs. 20 backed by revenue-sharing deals with Kalpataru & Dosti Builders.

*Rashi Peripherals* posted 64% higher H2 EPS of Rs.19, which may lead to FY25 EPS of Rs.42. Share trades at a forward P/E of just 9.6x vs. industry average P/E of 61x.

*KNR Constructions* posted 116% higher H1 EPS of Rs.21.8, which may lead to FY25 EPS of Rs.36. Share trades at a forward P/E of just 8.4x vs. industry average P/E of 34x.

Zero-debt *Coral Laboratories* posted 93% higher H1 EPS of Rs.42, which may lead to FY25 EPS of Rs. 70+. Share trades at a forward P/E of just 10.9x vs. industry average P/E of 33x.

*Karur Vysya Bank* posted 26% higher H1 EPS of Rs.11.6, which may lead to FY25 EPS

Stocks Picker Articles

05 Jan 2025 03:20

19 touched Rs.745 - a superb gain of 240%.

In 10th February MTTs, Univastu India given at Rs.134 touched Rs.300 - a gain of 124% & now at Rs.272 still looks very good.

In 2nd March MTTs, Indraprastha Medical given at Rs.185 touched Rs.555 - a gain of 200%.

In 18th May MTTs, Va Tech Wabag given at Rs.981 touched Rs.1944 - a gain of 98% & now at Rs.1640 looks very good.

In 1st June MTTs, Anantraj given at Rs.385 touched Rs.892 - a gain of 132% & still looks good.

In 13th July MTTs, Deep Inds., given at Rs.318 touched Rs.620 - a gain of 95%, Super Crop Safe given at Rs.12.60 touched Rs.24.40 - a gain of 94% & still looks very good.

In 21st Sep MTTs, Super Crop Safe given at Rs.16 touched Rs.24.40 - a gain of 52% & still looks very good, Sree Rayalaseema Hi-strength given at Ras.583 touched Rs.944 - a gain of 62% & now at Rs.782 looks very good.

In 28th September MTTs, PG Foils given at Rs.219 touched Rs.271 & Vakrangee given at Rs.31.54 touched Rs.36.50 & still looks very good.

In 26th October MTTs, Amal Ltd. given at Rs.377 touched Rs.488.

In 16th Oct MTTs, Dishman Carbogen Amcis given at Rs.212 touched Rs.308 - a gain of 45%, Mafatlal Inds., given at Rs.144 touched Rs.221 - a gain of 53%, Somi Conveyor Beltings given at Rs.161 touched Rs.228 - a gain of 42% & now at Rs.208 looks very good, Va Tech Wabag given at Rs.1674 touched Rs.1944 & now at Rs.1640 looks very good.

In 23rd November MTTs, Sree Rayalaseema Hi-Strength Hypo given at Rs.671 touched Rs.868 & now at Rs.782 looks very good.

In 7th December MTTs, Aartech Solonics given at Rs.80 touched Rs.91 & still looks very good, Anantraj given at Rs.740 touched Rs.892 & now at Rs.878 looks very good, Somi Conveyor Beltings given at Rs.172 touched Rs.228 & now at Rs.208 looks very good.

In 14th December MTTs, NSE SME Systango Technologies given at Rs.244 touched Rs.301 & now at Rs.288 looks very good.

In 21st December MTTs, ABM Knowledgeware given at Rs.129 touched Rs.204 - a superb gain of 58%, Artefact Projects given at Rs.75 touched Rs.89 - a superb gain of 19%, NSE SME Committed Cargo given at Rs.113 touched Rs.144, International Conveyors given at Rs.85 touched Rs.93 & now at Rs.89 looks very good, Vakrangee given at Rs.33 touched Rs.36.50 & still looks very good.

Last week in 28th December MTTs, Anuh Pharma given at Rs.217 touched Rs.243, ABM Knowledgeware given at Rs.128 touched Rs.204 - a bumper gain of 59%, Artefact projects given at Rs.75 touched Rs.89 - a gain of 19%, BCPL Railway Infrastructure given at Rs.97 touched Rs.104, Lords Chlore Alkali given at Rs.170 touched Rs.215 - a gain of 26, Ramky Infra given at Rs.619 touched Rs.650 & now at Rs.630 looks very good, Rishi Laser given at Rs.145 touched Rs.159, Somi Conveyor Beltings given at Rs.212 touched Rs.218 & now at Rs.208 looks very good, ABM Knowledgeware given at Rs.128 touched Rs.204 - a bumper gain of 59% in a highly negative market sentiments during the week.

As per market grapevine focus on stocks like Bajaj Steel, HCC, International Conveyors, India Pesticides, Kamat Hotels (India), Patel Engineering, PCBL, Pennar Inds., NSE SME Systango Technologies, NSE SME Trom Industries, Ramky Infra, RDB Rasayan, Reliance Power, Reliance Infra, Riddhi Corporate Services, Railtel, Rail Vikas Nigam, Simmond Marshal, Shri Bajrang Alliance, Somi Conveyor Beltings, Sree Rayalaseema Hi-Strength Hypo, Vakrangee, Va Tech Wabag for decent short to medium-term gains. Develop a strategy that maximizes wins while minimizing losses.

*Rail Vikas Nigam* with Rs.2587 cr. orders in two months is at Rs.432 against a 52-week high of Rs.647 and railway stocks often rise pre-Budget.

*Va Tech Wabag* secures Rs.145 cr. order from Chennai Petroleum for desalination pipelines, with potential to surpass its 52-week high of Rs.1944.

*RDB Rasayan* posted higher H1 PAT of Rs.13.37 cr., which may lead FY25 EPS of Rs.17+. With Rs.182 cr. reserves and a PE of 11x, share may rise to Rs.220-230 if it surpasses Rs.205.

*Vakrangee* plans to issue Rs.35 cr. warrants at Rs.28 each, potentially driving re-rating

Stocks Picker Articles

04 Jan 2025 14:35

*HDFC BANK Q3 UPDATE*

Gross Advances Up 0.9% QoQ & 3% YoY At ₹25,425 Bn

Deposits Up 2.5% QoQ & 15.8% YoY At ₹25,635 Bn

CASA Deposits Down 1.2% QoQ & 4.4% YoY At 8,725 Bn

Time Deposits Up 4.6% QoQ & 22.7% YoY At ₹16,910 Bn

AUM Up 2.5% QoQ & 7.6% YoY At ₹26,276 Bn

CASA Ratio At 34.04% Vs 35.34% QoQ & Vs 37.74% YoY

Credit-Deposit Ratio At 99.18% Vs 100.76%QoQ & vs 111.53% YoY

(NUMBERS IMPROVED YOY, HOWEVER FLAT GROWTH SEEN QOQ AS PER SECTOR TREND)

Stocks Picker Articles

04 Jan 2025 09:08

Tata Elxsi aims to collaborate with Qualcomm to create VSoCs for the Snapdragon Digital Chassis, which will be utilized for cloud-native application development.

At CES 2025, Tata Elxsi will showcase a live demonstration of the company's AVENIR™ SDV suite of solutions integrated with Qualcomm Technologies' Snapdragon Ride Flex SoC that implements a cloud-native and virtualized approach to automotive software development.

At CES 2025, Tata Elxsi will showcase this process using the company’s AVENIR™ SDV suite of solutions integrated with Qualcomm Technologies’ Snapdragon Ride™ Flex SoC.

The demonstration will highlight real-world use cases, including mixed-critical workloads for infotainment and advanced driver assistance systems.

Stocks Picker Articles

03 Jan 2025 04:31

*Forthcoming Event*

03rd January: Azad Engineering, Indowind Energy, Ajooni Biotech to consider Fund Raising

06th January: Palco Metals to consider Scheme of Arrangement

07th January: Jindal Worldwide to consider Bonus issue; Vantage Knowledge Academy to consider Dividend & Bonus issue; Aavas Financiers, Shakti Pumps (India) to consider Fund Raising

08th January: Transformers And Rectifiers (India) to consider Bonus issue & Fund Raising

13th January: HCLTECH to consider Dividend

15th January: Oasis Securities to consider Stock Split & Fund Raising

16th January: Julien Agro Infratech to consider Dividend & Fund Raising

Stocks Picker Articles

03 Jan 2025 03:53

CLSA ON FINANCIALS

IndusInd Bank-Maintain overweight, TP reduced to Rs 1300 from Rs 1600

Bandhan Bank-Maintain overweight, TP reduced to 220 from Rs 240

Cut FY25-27CL PAT for IndusInd and Bandhan by ~10%/20% on average on higher credit costs in the near term

Both to be impacted by lower growth in the medium term

Even after revising  estimates, these stocks are cheap at 7-9x PE (FY26)

JEFFERIES-GREED/FEAR REPORT

Asia ex-Japan long-only portfolio

Remains 49% invested in India

Portfolio primarily geared to long-term domestic demand story in India

India long-only portfolio outperformed since inception rising by 87% compared with a 42.6% increase in the MSCI India Index and a 36.7% gain in the Nifty

Global long only portfolio has 21% exposure to India

CITI ON EICHER MOTORS

Maintain Buy, TP 5350

Royal Enfield reported robust volumes in December at 79,466 units (+25%YoY; -3%MoM).

A strong December volume print indicates favorable inventory levels post festive season,

Something that mgmt had alluded to in 2QFY25 post-results conference call

Bus volume growth higher than goods CV volume growth.

CITI ON TVS MOTORS

Maintain Sell, TP 1700

Domestic 2Ws stay flat while exports see an uptick

Export 2W volumes saw strong 29%YoY growth (+11%MoM)

Scooter volumes rose a healthy 30%YoY (-19%MoM).

E2W (iQube) volumes rose 79%YoY (weak base)


JEFFERIES ON ONGC

Maintain Buy, TP 375

30% correction in ONGC stock in past 3m appears overdone

With earnings impact limited to ~2%

95% of domestic crude prodn capped at US$ 75 earlier.

Consol EPS shd also benefit from improved earnings outlook of HPCL

Recent regulatory actions bode well for improved profitability.

Likely ramp-up in KG basin production in 4QFY25/1QFY26 a key trigger for the stock

Stocks Picker Articles

03 Jan 2025 03:38

*Stocks in News*


*Wockhardt:* Indian Drug Regulator approves new generation oral antibiotic MiqnafR for the treatment of community-acquired bacterial Pneumonia. (Positive)

*V2 Retail:* Standalone Revenue Up 58% at ₹591 Cr Vs ₹373.8 Cr (YoY) (Positive)

*NHPC:* Company received Rs 250 crore as the second installment of gross payment under a mega insurance policy. (Positive)

*Biocon:* Company receives NMPA approval for Tacrolimus capsules in China (Positive)

*Optiemus:* Company partners with Germany’s LS Spectrum for drone-based spectrum solutions in India (Positive)

*Procot Ind:* India Ratings upgraded Company's credit rating, from 'IND BBB' to 'IND BBB+’, reflecting improved financial strength (Positive)

*MOIL:* Production of Manganese Ore at 4.6 Lakh Tonnes, sales Up 13% YoY at 3.88 Lakh Tonnes (Positive)

*Deepak Builders:* CRISIL upgraded the company's Long term rating to BBB+/Stable from BBB-/Stable. (Positive)

*Capital Small Finance Bank:* Provisional Total Deposits Up 12% (YoY) On Dec-end, Provisional Gross Advances Up 19.2% (YoY) On Dec-end. (Positive)

*Divi's Laboratories:* Company announces commencement of commercial operations at its Unit III Greenfield project in Kakinada, Andhra Pradesh. (Positive)

*Signature/ Oberoi/ Macrotech:* Mumbai real estate market sees highest property registrations in 13 years, says report (Positive)

*Prataap Snacks:* CCI approves the proposed combination involving acquisition of 72.8% voting share capital in Prataap Snacks Limited by Authum Investment and Ms. Mahi Madhusudan Kela (Positive)

*JTL Industries:* Company reports highest ever 9M sales volume at 297,082 MT, a 14.3% YoY increase (Positive)

*Bank of Maharashtra:* Gross advances jumped by 21.19% YoY to ₹228,652 crore. Total deposits by 13.54% YoY to ₹279,018 crore. (Positive)

*IRFC:* Company said it has entered into a Memorandum of Understanding (MoU) with Railway Energy Management Company Ltd (REMCL), a joint venture of the Ministry of Railways (MOR) and RITES. (Positive)

*RITES:* Company secured order worth of Rs 69.8 crore from Steel Authority of India Limited. (Positive)

*Tirupati Tyres:* Company announced the appointment of Ms. Pratiksha Soni as its new Company Secretary and Compliance Officer, effective January 2, 2025. (Neutral)

*Allcargo Logistics:* Company Unit Flamingo Line Del Peru SA, has been voluntarily liquidated and ceased to be a subsidiary (Neutral)

*Hero MotoCorp:* Company has received an additional tax demand of Rs 26.4 crore from the government (Neutral)

*Zee Entertainment:* Settlement applications by Zee and Punit Goenka rejected (Neutral)

*DMART:* Company reported Standalone Revenue from operations for the quarter at Rs 15,565.23 crores (Up 17.5 percent). (Neutral)

*Varun Beverages:* Company invested Rs 4128.04 Million in its Subsidiary, the beverage company proprietary Ltd, South Africa. (Neutral)

*Honasa Consumer:* Company announced the resignation of its Chief Business Officer, Mr. Master Zairus, and effective February 28, 2025. (Neutral)

*Arihant Academy:* Company opened its 22nd coaching center in Virar (West), Mumbai. (Neutral)

*Pricol:* Board approves divestment of wiping business division of the company to Auto Ignition on a slump sale basis (Neutral)

*Hero Motocorp:* Total Sales Down 17.5% At 3.24 Lk Units Vs 3.93 Lk Units (YoY) Estimates: 3.70 Lk Units (Neutral)

*SSWL:* India Ratings and Research affirmed SSWL's debt instruments rating at 'IND AA-' with a Stable outlook. (Neutral)

*NLC India:* Company announced the resignation of its Company Secretary & Compliance Officer, Shri R. Udhayashankar. (Neutral)

*Axis Cades:* Arun Krishnamurthi resigns as MD & CEO of Axiscades Technologies w.e.f. January 2, 2025. (Negative)

*Hindustan Zinc:* Mined metal output down 2% at 2.65 lakh tonne year-on-year. (Negative)

Stocks Picker Articles

02 Jan 2025 15:04

*CLOSING BELL*

Date: 2-Jan-2025

📍 NEW ORDERS & CONTRACTS

- Sahaj Solar Ltd: ₹36.42 crore LoA from TREDA for solarizing 2 HP agricultural pumps under PM-KUSUM Scheme.

- Man Infra: ₹284 crore LoA for 27-acre agro facility at JN Port, boosting India's agro trade.

- Waaree Energies: Order for 150 MWp solar modules from a key renewable energy customer.

- AB Cotspin India: ₹7.5 crore order for 300 MT of cotton yarn.

- Ganesh Green Bharat: ₹13.94 crore order from BREDA for 4,570 solar streetlights in Buxar district.

- Vishnu Prakash: Lowest bidder for ₹43.3 crore project from MoRTH.

- Australian Solar: ₹13.85 crore order for 500 solarized agricultural pumps from TREDA.

---

📍 OPERATIONS & PERFORMANCE

- Hi-Tech Pipes: Q3 FY25 achieved highest sales of 1,24,233 MT (+26% YoY).

- Rama Steel Tubes: Sales volume up 10% YoY to 51,669 MT in Q3 FY25.

- JTL Industries: 97,488 MT sales volume in Q3 FY25, 21% from value-added products.

- Divis Labs: Commenced operations at Unit III in Kakinada, Andhra Pradesh.

- DMart: Q3 FY25 revenue up 17.5% YoY to ₹15,565 crore; opened 10 new stores.

- Capital Small Finance Bank: Q3 FY25 gross advances up 19.2% YoY, gross NPA at 2.67%.

- TVS Motors: Dec sales up 6.6% YoY to 3.21 lakh units.

---

📍 STRATEGIC PARTNERSHIPS & TECHNOLOGICAL UPDATES

- Federal Bank: Launched FedOne™ with Nucleus Software for an improved corporate banking experience.

- Nephro Care India: Launched Logiq Totus AI-powered ultrasound for enhanced diagnostics.

- Intellect Design: eMACH.ai Cards integrates Thales payShield HSM for improved card security.

---

📍 LEADERSHIP CHANGES & APPOINTMENTS

- Rama Steel Tubes: Appointed Joseph L Pulikottil as Executive President of Marketing.

- India Pesticides: Unit Head of Sandila Manufacturing, Ramchandra Murthy Bhagi, resigns due to health issues.

- Honasa Consumer: Chief Business Officer, Master Zairus, to resign on February 28, 2025.

- Suprajit Engineering: Venkat Subramaniam appointed President.

- Axiscades: Arun Krishnamurthi resigns as MD & CEO, effective January 2, 2025.

- Honasa Consumer: Chief Business Officer, Master Zairus, to resign on February 28, 2025.

- Navin Fluorine: Rajesh Jain appointed Chief Supply Chain Officer.

---

📍 FUNDRAISING & CAPITAL EXPANSIONS

- TIL: Board approved raising ₹150 crore through equity.

- Dollar Industries: Board approved ₹350 crore fundraising via equity.

- DJ Mediaprint: Raised ₹23.46 crore through the allotment of 82,33,359 equity share warrants.

- Camline Fine: Rights issue open from Jan 17-27, ₹224.5 crore at 22% discount to current price.

---

📍 INCIDENTS & CLARIFICATIONS

- Heubach Colorants: Fire broke out at the Raigad plant but was controlled; no injuries reported. 

- Petronet LNG: Denied news of new regulations impacting Dahej terminal. 

- Zee Entertainment: SEBI rejected settlement applications by Zee and Punit Goenka. 

- Reliance Naval: Renamed to Swan Defence and Heavy Industries Limited as of Jan 2, 2025. 

- Indian Sugar Mills Association (ISMA): Sugar output fell to 95.40 Lk Tonnes YoY. 

- Adani Green: Andhra CM confirms no action on Adani Green until proof is provided. 

- Bartronics: Board Meeting scheduled on Jan 8 to approve an MOU with TPW Global for semiconductor solutions.

Stocks Picker Articles

02 Jan 2025 12:08

JTL IND : JTL Industries reported Q3FY25 sales of 97,488 MT, including Nabha Steel volumes.

Its highest-ever nine-month sales (excluding Nabha) reached 263,805 MT, up from 259,933 MT in FY24.

Value-added products made up 21% of Q3FY25 sales, with the rest from commercial grade products.

Exports for the first nine months of FY25 totaled 25,417 MT, contributing 10% of total sales, compared to 12,542 MT (5%) in FY24.

Stocks Picker Articles

02 Jan 2025 09:46

Company: Hyundai Motor India

Press Release 📰 | Sentiment: Positive 🟢

Summary: Hyundai launches CRETA Electric, its first localized electric SUV, featuring innovative design and technology, marking a significant expansion in India's EV market.

Stocks Picker Articles

02 Jan 2025 08:37

Petronet LNG

Petronet LNG Ltd. are down over 5% on Thursday, January 2, after the company was called out by the regulator Petroleum and Natural Gas Regulatory Board (PNGRB) in a recently released paper

The company being pulled up by the PNGRB was observed in the paper, accessed by CNBC-TV18.

PNGRB wrote in its paper that despite Dahej's plan to expand to 22.5 MMTPA, its re-gas charges have escalated by 5% annually and now stand at an enhanced level for the entire capacity.

"Rising charges while capacities have increased along with over 90% capacity utilisation has led to the company

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02 Jan 2025 08:11

Eicher Motors Royal Enfield Dec sales

🏍️Total Royal Enfield Sales At 79,466 Units Vs CNBC-TV18 Poll Of 73,333 Units

🏍️Total Royal Enfield Sales Up 25 % At 79,466 Units Vs 63,387 Units (YoY)

🏍️Total Exports Up 90% At 11,575 Units Vs 6,096 Units (YoY)

🏍️Domestic Sales Up 19% At 67,891 Units Vs 57,291 Units (YoY)

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02 Jan 2025 06:48

Manoj Vaibhav Gems N Jewellers (MVGJL)
Big Expansion Plans

Ongoing Expansion
▪️Co has opened 2 new stores during Q3
▪️Another 4 stores to be opened during Q4
▪️Beyond FY25, Pan India expansion to be funded via internal accruals

Currently doing 2% sales via E-commerce
▪️Plans to increase Ecom sales to 4%
▪️Introducing higher margin jewellery on Ecom now

MYRA - Exquisite Diamond Jewellery Brand
▪️Co plans to introduce pan India stores in a planned manner
▪️Will be 'Caratlane' type stores format Targeting 25-40 years age group

Exploring Franchisee Model
▪️Asset light model will help reduce working capital requirements
▪️Helps increase Revenues & PAT without any additional Capex requirements