2021-11-21 06:51:28
*MONEY TIMES TALK*
*NOVEMBER 21, 2021*
Mining major, Vedanta Ltd., to demerge its oil, gas and metals businesses into separate entity and then list them. An excellent idea to add this high dividend paying Company in times of uncertainty.
Axis Bank expects revival in credit offtake in the next few quarters and the bank will soon catch up with the NIMs. This optimism makes its share a good buy at the current rate.
5G auctions are likely by May 2022. With large investments flowing into the sector, HFCL should be a big beneficiary. Keep accumulating.
Bajaj Electricals continues to report strong revenues. For Q2FY22, it clocked a turnover of Rs. 1302.02 cr. with NP of Rs. 62.55 cr. resulting in an EPS of Rs. 5.25 v/s Rs. 4.65 YoY. The share may be added.
A veteran marketman recommends to buy APM Inds., Alpa Labs, Dynamic Cables, Faze3 Autofab, GPT Infra Projects, Hisar Metal, Hercules Hoist, IVP, Ind Swift Labs, Jasch Ind., Kkalpana Ind., KIC Metaliks, MK Exim (India), POCL Enterprises, Rana Sugars, Rishiroop, Rudra Global Infra and Vedavaag System.
Rising power and transportation costs led to JK Cement’s muted Q2 EPS of Rs. 19.35 v/s Rs. 28.67 in Q2FY21. Since these costs will be passed on to consumers on the back of surging demand, it’s a good time to add this beaten down share.
Macrotech (Lodha Builders) is looking to raise $ 537 mn from share sale to institutional investors to create a cash chest for land acquisitions. Add.
Honda MotoCorp plans to introduce multiple products to take head on Royal Enfield V bikes. A good long term buy.
ITC, the darling of yesteryears, plans to demerge its various businesses in an attempt to unlock value for its shareholders. Start accumulating.
BCG (Brightcom Group) was recommended here a few months back around Rs. 14. Since then, it paid dividend and also 1:4 bonus shares. Around Rs. 108, this share is now in the overbought zone and may be sold.
Maruti Suzuki has started clocking higher sales and there are chances the stock price will soon cross Rs. 8500 as it overcomes the chip shortage problem. Add.
Orient Electric into lighting, home appliances and switchgears, has posted good results for the past many quarters. It exports its products to over 35 countries. The current falling market provides an opportunity to add.
HAL’s Light Combat Helicopter could land at the Siachen glacier, the highest battlefield in the world, with a 500 kg payload. Larger orders are in the pipeline. Add this share available much below its intrinsic worth.
Union Bank has achieved No 3 (up from No 5) position among PSU Banks in all financial parameters. This share is still going very cheap compared to its Book value and sizzling growth in Banking business. Strong Buy.
Encouraged by the demand for electric vehicles in the last mile transport delivery, Tata Motors is planning to enter this segment. May turn out to be a good opportunity. Add.
All Power stocks set to gain tremendously in a few quarters once Green energy policy is announced by the Government. Good time to accumulate stocks this sector.
Escorts has been in news recently due to increased participation of Japanese partner Kubota in the Company. Accumulate.
Bharat Dynamics had a rough quarter and it's financial performance was not upto the mark on all major parameters. Reduce.
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