Stock Market Gossips for the Week of 12 March – 16 Mar, 2018

STOCK MARKET GOSSIPS 12 MARCH
STOCK MARKET GOSSIPS 12 MARCH
 
  1. Godrej Agrovet showed great strength in the recent mini-meltdown. The share has a big resistance at Rs.620 but has the potential to rise by Rs.100 in a few months. Buy.
  2. Grasim Industries is expanding capacities of viscose staple fiber and captive power at a capex outgo of Rs.1800 crore at Bharuch in Gujarat. A big positive.
  3. Eicher Motors is witnessing CV sales jump of its subsidiary (Volvo Eicher). The jump is expected to extend to another month or two. This share is still a good buy.
  4. After picking up a minority stake in Equirus Capital, the business prospects of Federal Bank are expected to improve. Buy.
  5. Jain Farm Fresh (a subsidiary of Jain Irrigation Systems) has acquired a 100% stake in INNOVAFOOD N.V. Belgium along with its affiliated companies. Positive for Jain Irrigation Systems. Buy.
  6. Tata Elxsi (a global design and technology services company) has partnered with digital entertainment platform of Zee Entertainment Enterprises for front-end applications. Buy.
  7. Beaten down by continuing scam related issues, the Punjab National Bank stock price has nearly discounted all the bad news. Long-term risk bearing investors may enter the stock around Rs.89.
  8. After Money Times spotted D. S. Kulkarni Developers, the share has been locked in upper circuits all week. This undervalued stock may continue its upward journey for some more time.
  9. With the advent of E-vehicles, batteries will be in great demand. Mahindra & Mahindra has announced its collaboration with LG Chem of Korea in the field of advanced Li-ion battery technology. This big leap augurs well for M&M. Buy.
  10. Reliance Infrastructure has won an arbitration award of Rs.292 crore against the Government of Goa. Add in small lots.
  11. UPL has stated said that its wholly-owned subsidiary, UPL Corporation, approved a proposal to launch an offering of US dollar denominated senior unsecured notes and proposed to be listed on the Singapore Stock exchange.
  12. Gujarat Sidhee Cement (a mini cement plant) has commissioned a 5.5 MW heat recovery power plant. With cement boom around the corner. This low equity turnaround company is a good long-term buy.
  13. Power Finance Corporation has declared a second interim dividend of Rs.1.80. (First interim was at Rs.5 and there is every possibility of a small final payout). With a book value of around Rs.135, this share is an excellent pick at CMP of Rs.102.
  14. Sadbhav Infrastructure Project is reportedly the lowest bidder for NHAI project worth about Rs.1048 crore and which will take about 910 days to complete. A good investment bet.
  15. Granules India gained after the US drug regulator issued Establishment Inspection Report for its wholly owned US subsidiary. A long-term positive for the Company.
  16. Cipla has partnered with Roche Pharma India to create greater access, promotion, and sales of innovative medicines (tocilizumab and the 2nd brand of bevacizumab). Buy.
  17. Mercator group company (Mercator Petroleum) has received approval from the Directorate of Hydrocarbons to develop oil field Jyoti 1 and 2 in Cambay Basin.
  18. In spite of good results, Force Motors is not rising. The Company makes engines for Mercedes Benz and BMW and with both planning newer variants, Force Motors will benefit. Its own brand of Agricultural, Commercial and Passenger variants are also going great guns. A great buy for the long-term.
  19. Hindustan Media Ventures has posted 9MFY18 EPS of Rs.18.5. Based on the current going, an EPS of Rs.26 can be anticipated. The share has all the potential to appreciate by 35% at P/E of 14.
  20. B. N. Rathi Securities (CMP Rs.42.55) posted good Q3 results with an EPS of Rs.2.3 (consolidated). The stock is trading at just 5 times FY19E earnings against the industry average of 44. It may double in one year.
  21. An Ahmedabad based analyst recommends Dynamic Industries, Nelcast, Shilp Gravures & Ucal Fuel System. Kulkarni Power Tools appreciated 24% from Rs.51.50 on 19-02-18 to Rs.63.75; Chandni Textiles Engineering Industries appreciated 21% from Rs.36.90 on 19-02-18 to Rs.44.80.
  22. If you missed out the recent rights issue of Lakshmi Vilas Bank at Rs.122 per share, the current rate of Rs.104.5 presents a lucrative opportunity. BUY.
  23. Thomas Cook (India) will gain from its 3-year strategic agreement with Wildlife Reserves Singapore (WRS), an organization dedicated to the management of world-leading zoological institutions. – Jurong Bird Park, Night Safari, River Safari and Singapore Zoo.
  24. Ashok Leyland the second largest commercial vehicle manufacturer in India, may grow at a CAGR of about 18% in the next few years. A good long-term bet.
  25. Kridhan Infra has acquired a 31.5% stake in Vijay Nirman (an AP based integrated infrastructure company) which has to its credit over 425 completed projects worth over Rs.5000 crore in the last 5 years. A big positive for Kridhan. Buy.
  26. Hinduja Global Solutions (HGS) is expected to post an EPS of Rs.95-100 if 9MFY18 results are anything to go by. A conservative P/E of 12.5 will take its share price to Rs.1187-1250.
  27. KEI Industries may post an EPS of Rs.19 in FY18 and Rs.23+ in FY19 backed by its expansion initiatives. The share is expected to touch Rs.500 mark. Heavy buying by funds and HNIs seen.
  28. Star Paper Mills is the cheapest paper share with an expected EPS of Rs.40-42 and a forward P/E of 5.5. The share has all the potential to touch Rs.300 mark on reasonable P/E of 8.5.
  29. Vindhya Telelinks is expected to notch an EPS of Rs.85 in FY18 and Rs.95 in FY19 post-expansion. It holds a sizeable chunk of Birla Corp and Universal Cables shares. Marketmen expect the share price to touch Rs.1800 on improving fundamentals and further expansion.

 

 
Disclaimer:
 

 

My descriptions, videos, presentations are only for educational and information purposes and under no circumstances should be used for making investment decisions. I cannot guarantee the accuracy of any information provided.

 

The stocks picks are based on my own research and personal views and sometimes are from newspapers, tv channel program, magazines, etc. No part of compensation is or will be directly or indirectly related to the views or employee of company and have not been engaged in market – making activity of and recommendations of this research. I have not served as an officer director the company covered in the research report.
Consult qualified financial advisor before making any investment decision.

 

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