State Bank of India plans to raise Rs.26000 crore via sale of non-core assets and stake to infuse liquidity. A big positive for the bank. Buy. HSIL aims to achieve a turnover of ~Rs.500 crore in FY19 on the back of its on-going expansion. Buy for quick gains. JSW Steel has lined up Rs.1000 crore to set up a new steel pipes and plates facility in Texas. Buy for the long-term. Vinati Organic reported excellent results for Q2 with twice the profitability reported in the previous corresponding quarter. An excellent buy. Blue Dart Express is expected to continue its upward march on the back of its excellent Q2 results. Buy. Minda Corporation could not report higher profitability in spite of higher revenues. Its margins seem to be under pressure. Stay away from this counter. Yes Bank shows signs of a comeback. Its Q2 working was also good. Buy.
Escorts reported higher revenue and profitability in Q2FY19. The stock looks attractive at the current beaten down levels.
Larsen & Toubro continues to outperform backed by a growing order book. Buy for the long-term. Jaguar Land Rover continues to be a drag on Tata Motor. It may be prudent to stay away from this counter for the next few quarters.
Housing Development Finance Corporation reported 25% higher PAT for Q2. Its loan book has also grown by ~17%. Buy.
Meghmani Organics has fallen unnecessarily due to speculation about a change in its shareholding. Accumulate. Dewan Housing Finance Corporation has bought back Rs.2000 crore worth commercial papers before maturity. This will instil confidence among investors who were wary of the company’s financials. Buy. GNFC reported excellent results for Q2. The stock is likely to rebound soon. Buy. Rising volumes and higher deliveries at the Axis Bank counter indicates that the stock is set to rise. Buy. Ajanta Pharma shows signs of a rebound. With some new products to be launched, the company seems to have a bright future. Buy.
A big rebound in the share price of PC Jeweller along with high volumes suggests that some good news may be in the offing. The management intends to repay banks a big amount as premature payment. Buy. IG Petrochemicals is expected to report excellent results for Q2. The stock is available at less than half its peak level. Buy immediately. International crude oil prices are falling gradually. It may be prudent to buy Indian Oil Corporation. National Aluminium Company has crossed its resistance levels. The proposed buy back will boost its share price
Jay Bharat Maruti seems to rebounding with strength on the back of on-going expansions. Buy. Eimco Elecon reported 315% higher PAT for H1FY19 and is likely to notch an EPS of Rs.40 in FY19 since its H2 is always better. The stock may cross Rs.600. Torrent Power is expected to notch an EPS of Rs.25 in FY19 based on its robust H1FY19 results. The stock may cross Rs.375 at a reasonable P/E of 15x. Just Dial reported 29% higher PAT for Q2. The stock is poised to touch Rs.600. Jindal Poly Films is the cheapest packaging share available at a forward P/E of just 6x on FY19E EPS of Rs.45. A reasonable P/E of 10x will take its share price to Rs.450. Bosch is expected to notch an EPS of Rs.580-600 for FY19. It will announce its buyback price this week along with its Q2 results. The stock has the potential to cross Rs.24000.
After selling its education business for Rs.4378 crore (Rs.263/share), Cox & Kings may look at selling its hospitality vertical when the opportunity arises. Buy for the short-to-medium term.
An Ahmedabad-based analyst recommends Aries Agro, Hind Rectifiers, ITD Cementation, Kallam Textiles, Menon Bearings, Nitin Spinners and Ruchira Paper. From his previous recommendations, Balrampur Chini Mills jumped 70% from Rs.66.4 to Rs.113.20 in 4.5 months; Amarjothi Spinning Mills jumped 25% from Rs.93 to Rs.115.90 in 1 month; and Shilp Gravures jumped 10% from Rs.103.1 to Rs.113 in just 1 week! An astro-techno analyst forecasts 20 Microns, Ruchira Papers and IOL Chemicals & Pharmaceuticals to be the potential multibaggers of Samvat 2075.