Following 3 stocks have reported either excellent Q3 nos and/or some big developments in offing. And all 3 stocks have fallen sharply. Investors can buy these stocks for decent upside in coming months:
Here are those 3 stocks for Bottom Fishing
1) *Pasupati Acrylon Ltd*
Govt has started the process of antidumping duty on imports of Acrylic fiber. Whenever anti-dumping comes into effect, a stock like Pasupati can be in 3 digits as Pasupati largest producer and only 3 companies make this fiber in India.
*Despite strong demand, no new capacity of acrylic fiber likely to come up as present cost/ capex is so high (nearly 7x of existing companies) that economically not viable*
Moreover, the technology of acrylic fiber is closely guarded with few companies globally. Pasupati has already reported 1500% rise in Q3 NP
Rs 10 FV is cheapest textile stock.
2) *Huge Turnaround: Shipping Corpn of India*
India’s biggest shipping co has reported PAT of 82cr in Q3 Vs Loss of 76 Cr QoQ. It means turnaround of 158 Cr. SCI should report equally good Q4. Current MD of SCI was earlier MD of private sector shipping co. His efforts and experience seem to be paying off
CMP is substantially lower than 52 high of 113. *Stock can make new high in near future*
In view of better outlook, govt may expedite Disinvestment process. If it happens, the stock can be 250+ next year-end
3) A2Z Infra
A2Z has finalized OTS with Edelweiss. _Debt of 131 Cr has been settled for 57.50cr_
However, A2Z has to pay only 12 Cr as cash and co will issue Equity shares for 45.50cr.
*This OTS will reduce Finance Cost by Rs 16-18cr each year*
A2Z should be able to finalize OTS with other lenders also in near future.
Apart from EPC, Infrastructure, Engineering, *A2Z is also in Bio-Toilets and E-Vehicles*
Shankar Sharma holds 6+% in A2Z. CO HAS BEEN SUFFERING LOSSES DUE TO HIGH-INTEREST COST WHICH CAN COME DOWN BY 70-80 CR AFTER 6 MONTHS.
TP 80+ in 2019.
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