HBL Power Systems, manufacturer of standby batteries for railways, aviation and other industries including digital control harness for navy submarines, is reporting higher volumes and rising prices. A scientific approach justifies buying this stock.
The big rally in I G Petrochemicals has begun. Its Q1 EPS of Rs.13 is indicative of an EPS of over Rs.50 for FY18. With industry P/E at ~21x, the stock may cross the magical price of Rs.1000 in a few months. Buy immediately.
Reliance Industries plans to expand its Jamnagar refinery from 60 MMTPA to 100 MMTPA by 2030 at an estimated cost of $10 billion. There seems to be a big gap in the CMP and its intrinsic worth. The J.K. Tyre & Industries stock shows signs of a big breakout. Anti-dumping duty imposed by the government will aid its working. A strong buy. Sona Koyo Steering Systems trades at a crazy P/E of 57x. Investors beware of bull-run pitfalls. Indian Oil Corporation is likely to report better margins this year. An attractive buy at the current level. Mahindra & Mahindra, which manufactures electric cars, will benefit immensely from the government’s impetus to the electric vehicle segment. It has also acquired Erkunt Traktor Sanaii (Turkey) for Rs.735 crore, which is a feather in its cap. Buy. With TRAI slashing internet usage charges, Bharti Airtel and Vodafone India will witness a drastic cut in profitability. It is advisable to stay away from this sector till things become clearer. Indiabulls Ventures trades at a frenzy P/E of 80x.
Think twice before taking a plunge. It is better to miss an opportunity than to repent later. Oil & Natural Gas Corporation (ONGC) has made a 20 MMT oil discovery near Mumbai High. This can significantly enhance its production levels in the next two years. An excellent long-term buy. Hero MotoCorp’s JV Munjal Kiriu has set up a new unit at Ahmedabad to manufacture brake parts for major automobile manufacturers. A positive for the company. Novartis India is contemplating a buyback of its shares. The stock may rise by about 12-15% within a month.
Speciality Chemical major Himadri Speciality Chemical is performing very well. Rising volumes suggest a breakout. Buy. Karnataka Bank witnessed a breakout after its announcement of improving its digitalisation process. It has brought down its savings bank interest rates to 3%. CASA ratio is also improving. A nice time to accumulate. Datamatics Global Services, which posted excellent results for FY17, is continuing its upward march. The stock is poised to touch new highs. Buy for two years. Pincon Spirits is reportedly looking out for mergers and acquisitions. This FMCG stock is worth accumulating. Orchid Pharma has received the Establishment Inspection Report (EIR) from the USFDA for its API manufacturing facility in Tamil Nadu. A positive for the company. Recently listed Reliance Home Finance, a breakaway of Reliance Capital, is available at Rs.104-109. The company has great potential. The stock looks attractive at the current level. Buy. Power Finance Corporation plans to raise Rs.65000 crore via a preferential issue on private placement basis. The Chairman recently stated that its NPA provisions are likely to witness reversals starting Q3. An excellent stock to buy at the current level. Power Grid Corporation of India, which reported robust performance in the last few quarters, has great plans going ahead. A good buy.
Sintex Plastics Technology looks good at the current level for a price target of Rs.140. This plastic major may surprise the street with an EPS of Rs.9 in FY18 and Rs.11 in FY19.
Oriental Hotels jointly owned by the Tata's and the Reddy’s, owns various Taj hotels across South India. People in the know are accumulating the stock on rumours of the Tata group buying Reddy's stake at a huge premium to the CMP. Buy for quick gains.
Stocks of Tata group companies such as Tinplate Company of India, Tata Metaliks, Tata Sponge Iron and Tayo Rolls have multiplied many times in the past one year except TRF. This equipment and material handling company has shown an upside momentum in the past few days. Also, marquee investors like Nimish Shah hold a large stake in the company. The stock could double.
Ador Welding, belonging to the Electrodes and Graphite Sector, could witness a rally similar to HEG and Graphite India. Buy this potential blue-chip company for multibagger returns. After appreciating around 80%, Autolite (India) has corrected around 20% from its 52-week high. Investors can buy this stock at every decline for whooping gains in coming years.
IFCI has invited bids for a stake sale in Tourism Finance Corporation of India and if rumours are to be believed, all big players in the hospitality industry are in the fray.
An Ahmedabad-based analyst recommends Akar Tools,
Acknit Industries and Nagreeka Exports. As per the Astro-Techno view, these three stocks may prove to be the multibaggers of SAMVAT 2074. From his past recommendations, Grauer & Weil (India) hit a high of
Rs.72 last week (up 80% from its recommendation at Rs.39.9 on 26 June 2017); Freshtrop Fruits hit a high of Rs.151.95 last week (up 72% from its recommendation at Rs.88.25 on 10 July 2017); and Ultramarine &
Pigments hit a high of Rs.245 last week (up 41% from its recommendation at Rs.173.65 on 26 June 2017).
The grey market premium for Prataap Snacks IPO is Rs.270-275; Capacit'e Infraprojects IPO is Rs.140-145; and SBI Life Insurance Co. IPO is Rs.3-4. ICICI Lombard General Insurance Co. IPO is trading at a discount of Rs.2-3.
Astro Alert: Investors are advised to trade cautiously with a strict stop loss from Monday, 25 September to Wednesday, 27 September. Saturn/Moon conjunction at trine with Rahu combination could bring high volatility.