Confectionery giant, Britannia Industries, is on an expansion drive. Its strong brand image has made this stock an all-time favourite. A bonus issue is also on the cards. Buy for hefty gains.
Power Grid Corporation of India has secured a $500 mn loan from Asian Development Bank for its green energy corridor and high voltage direct current links in Tamil Nadu and Kerala.
Suven Life Sciences has secured a product patent in Japan for the treatment of neuro-degenerative diseases. These patents are valid till 2034. A big positive.
The Infosys stock has rebound on reports of Nandan Nilekani returning to head the company. Its plans to spend Rs.13000 crore in a buy back at Rs.1150/share, which will add muscle to the share.
Natco Pharma’s Q1 PAT soared 91% to Rs.94 crore on 39% higher sales. It received FDA approval for its generic Lanthanum Carbonate Tablets used to treat end stage renal diseases. Buy. HDFC Standard Life Insurance Company has filed a draft red herring prospectus with SEBI. HDFC will be a big beneficiary from the listing of its insurance arm. Buy.
The recent correction provides a good opportunity to buy Premco Global, a leading manufacturer of woven and knit elastic and non-elastic narrow fabrics, tapes and webbings for the apparel, lingerie, medical, footwear, luggage, furnishing and automotive industries. McNally Bharat Engineering Company, a turnkey solutions provider, has received an EPC order worth Rs.514 crore for 8MMTPA Coal Handling Plant at Odisha. Accumulate. Bajaj Electricals has obtained an order worth Rs.391.45 crore from the Transmission Corporation of Telangana, which will take 18 months to complete. In its attempt to maintain a lean balance sheet, Kolte-Patil Developers recently divested a land parcel in Wakad, Pune for Rs.161 crore. Lower debt will enable the management to sustain a competitive edge and sustain growth. A good long-term buy. Shakti Pumps (India) is consolidating and is ripe for another jump. Accumulate at around Rs.500 for a 20% jump within six months.
Tata Global Beverages’ premium natural mineral water brand ‘Himalayan' is set to enter the US market soon. With more products awaiting a similar launch, this FMCG company is a good long-term buy. NBCC India's consolidated PAT for Q1 climbed 30% YoY to Rs.61.27 crore on sales of Rs.1549 crore. The company has a strong order book and the management expects its working to be better in the quarters to come. Prakash Industries recently reduced its debt by around Rs.110 crore by conversion of FCCBs. The beaten down share price offers a good opportunity to enter.
The share price of both Power Finance Corporation and Rural Electrification Corporation has fallen steeply from their respective 52-week highs. Both these Navratna companies continue to fare well and are good buys. Reliance Capital will allot free shares of Reliance
Home Finance to its shareholders in an equal proportion of their holdings by way of demerger.
This value unlocking proposition will benefit its shareholders. Buy.
Indo Count Industries has clarified that its working is in line with the guidance and that the recent fall in its share price was speculative in nature. Its clients and their orders are intact. Its share price may recover soon.
Ahluwalia Contracts (India) posted good results for Q1 with 37% higher PAT at Rs.29.5 crore on 65% higher revenue at Rs.504 crore. Its finance cost has also halved. A good time to buy. Alkem Laboratories has received USFDA nod for its rhinitis drug - Azelastine Hydrochloride Spray. Bharat Electronics intends to allot a 1:10 bonus. Although the ratio is meagre, it does hint at the good times the company is enjoying. It may be a good time to add. Sources in the know expect Bhushan Steel to double from the current level. Liberty House of London has shown keen interest to the lenders to buy the company. Piramal, too, is in the race. With steel prices on the rise and Bhushan Steel's envious clientele of top automakers, the stock is likely to fetch a quick return. HEG and Graphite India make electrodes for Electric Vehicles. Electrode prices have risen by 5x and the stock prices of both companies have nearly doubled. They still have a long way to go. HCL Infosystems’ recent tie-up with Apple will take it to great heights. Irrespective of the low margins in the distribution business, this tie-up will lead to many more tie-ups with other companies in the long run. The stock has struggled for years now and this might be the turning point.
An Ahmedabad-based analyst recommends Agri-Tech (India), Patspin India, Rishiroop and Sree Rayalaseema Alkalies & Allied Chemicals. From his last week’s recommendations, HT Media jumped 10% from Rs.86.80 to Rs.95.60 while Smartlink Network Systems jumped 9% from Rs.88.95 to Rs.97.40 within a week!