TOWER TALK

Money Times - - Tower Talk -

Both In­draprastha Gas and Ma­hana­gar Gas have huge cash re­serves and, are on an ex­pan­sion spree. Both com­pa­nies have the abil­ity to pass on the in­creased cost to con­sumers. Buy for the long-term.

State Bank of In­dia is look­ing at var­i­ous fund-rais­ing op­tions. Its share price may rise on sen­ti­men­tal buy­ing. Ac­cu­mu­late.

Hin­dus­tan Unilever posted ex­cel­lent Q2FY19 re­sults on the back of ro­bust ru­ral de­mand (up 10%). This trend is likely to con­tinue. Ac­cu­mu­late in small lots.

IRB In­fra­struc­ture De­vel­op­ers has tied up Rs.981 crore from lenders for a project. The fact that the com­pany could eas­ily man­age tie-up its fi­nan­cial re­sources at a time when fund­ing is be­com­ing dearer shows that it is on the right track. Buy se­lec­tively.

Kar­nataka Bank seems to be on a come­back trail. Its prof­itabil­ity is im­prov­ing al­beit slowly. Ac­cu­mu­late in small lots for the long-term.

Bhansali En­gi­neer­ing Poly­mers, In­dia’s fastest grow­ing man­u­fac­turer of Acry­loni­trile Bu­ta­di­ene Styrene (ABS) and Styrene Acry­loni­trile (SAN) resins, is re­port­edly far­ing very well. The stock has scope to rise fur­ther.

The panic in the stock mar­kets could hardly dent the share price of Bio­con. In fact the stock is be­com­ing stronger. Some good news may be in the off­ing. Buy.

Hi­madri Spe­cial­ity Chem­i­cal, a lead­ing in­te­grated man­u­fac­turer of coal tar pitch with 70% mar­ket share, re­ported strong dou­ble-digit sales growth and triple-digit earn­ings growth in all the four quar­ters of FY18. Its fu­ture looks bright. Buy.

Mirza In­ter­na­tional, mak­ers of Red Tape shoes, is on an ex­pan­sion drive. It has put up a sub­sidiary in Bangladesh. Buy for the long term.

Al­though an­a­lysts were sep­ti­cal about In­di­a­b­ulls Hous­ing Fi­nance, the com­pany posted fan­tas­tic Q2 re­sults and de­clared a div­i­dend of Rs.10/share. The stock may re­cover soon. Buy.

Natco Pharma has re­ceived a favourable judg­ment from the US Court for its Glati­ramer Ac­etate in­jec­tion. A big pos­i­tive for the com­pany. Buy.

Mar­ket­men and an­a­lysts were con­founded last week as Ko­tak Se­cu­ri­ties rec­om­mended sale of Hero Mo­toCorp on 17 Oc­to­ber to in­sti­tu­tional in­vestors while ask­ing re­tail in­vestors to buy the same day by two sep­a­rate re­ports. Wouldn’t re­tail in­vestors gain more by buy­ing af­ter the sale of in­sti­tu­tions? Case of the ‘left hand not know­ing what the right hand doeth’!

Rakesh Jhun­jun­wala has raised his stake in Dewan Hous­ing Fi­nance Cor­po­ra­tion. Its Q2 re­sults are ex­pected soon and the stock is likely to re­cover soon. Buy.

Fed­eral Bank posted fairly good re­sults for Q2. The bank looks sta­ble with no ma­jor im­pact of the Ker­ala floods. Ac­cu­mu­late.

TV18 Broad­cast re­ported good Q2FY19 num­bers with all seg­ments per­form­ing well. The stock is likely to ap­pre­ci­ate 50% within a year. Buy.

Shakti Pumps re­ported ex­cel­lent Q2FY19 re­sults with 105% higher rev­enue and 207% higher PAT. It re­ported an EPS of Rs.5.04 against Rs.1.64 in Q2FY18. The stock is poised to take an­other big jump. Buy.

Al­though an­a­lysts are scep­ti­cal about en­ter­ing In­fosys at this stage, they must un­der­stand that the man­age­ment sounded cau­tiously op­ti­mistic. Buy.

The gov­ern­ment is eye­ing higher gas util­i­sa­tion in the north­ern states. It may be pru­dent to buy GAIL.

Tri­dent re­ported good re­sults with improve­ment in all seg­ments. Ac­cu­mu­late.

Reliance In­dus­tries re­ported fan­tas­tic re­sults for Q2FY19 with improve­ment in its Jio busi­ness. The stock has a long way to go. Buy.

There is no stop­ping Hero Mo­tocorp. Ris­ing vol­umes in the counter point to a brighter fu­ture in spite of the NBFC woes. Buy.

Exit Tata Mo­tors even at the cur­rent level. The com­pany has umpteen prob­lems to solve. Sell now, buy later.

Ramco Sys­tems has re­ceived an or­der from Air­bus He­li­copter to de­velop a soft­ware for fleet main­te­nance and en­gi­neer­ing. A pos­i­tive for the com­pany. Buy.

An Ahmed­abad based an­a­lyst rec­om­mends Aries Agro, Al­kali Met­als, Shilp Gravures and Su­per­house. From his pre­vi­ous rec­om­men­da­tions, Ack­nit In­dus­tries ap­pre­ci­ated 39% from Rs.125.25 to Rs.174 in 1 month while IOL Chem­i­cals & Phar­ma­ceu­ti­cals ap­pre­ci­ated 22% from Rs.113.60 to Rs.138.25 in just 2 weeks!

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