2021-11-14 08:05:36
MONEY TIMES TALK - NOVEMBER 14, 2021
JBM Auto has bagged an order from Delhi Transport Corpn. for supply, operation and maintenance of 200 EV busses, under its Fame II EV Policy. More such orders are likely. A good buy.
Balrampur Chini, one of the largest sugar mill, posted 6% higher Q2 PAT of Rs 83 crore despite a 5.9% fall in total revenues to Rs. 1213 crore as compared to Q2FY21. Add.
Motherson Sumi, a specialised automotive components manufacturer, is raising Rs. 1000 cr. by unsecured NCDs to meet growing business requirements. Its Q2 profits rose sharply and indicates its better business prospects. Add.
Wockhardt, a research-based pharma and biotech co., posted a stellar Q2. Consolidated NP zoomed to Rs. 34 cr. from Rs. 4 cr. in Q2FY21. It won 4 patents during the quarter and has a total of 770 patents under its sleeves. Accumulate.
As per veteran marketman, the market will now be stock specific. Companies that posted good results and have good potential for growth will go up. Inflation is matter of concern and if it spins out of control, RBI will be forced to raise interest rates. Be careful, be stock specific and be watchful.
KarurVysya Bank’s Q2 PAT rose 44% YoY to Rs 165 cr. The total NPAs now stand a Rs. 3971.64 cr. as against Rs.4167.49 crore as on 30 June 2021 and Rs 3998.43 crore as on 30 Sept 21. Accumulate.
Britannia’s Q2 net profit slipped 23% to Rs. 384 cr. because of rising crude palm oil prices and packaging materials. The share price slipped to Rs. 3621 from its recent high of Rs. 4162. The Company is a strong FMGC play and the dips may be used to add.
Gems &Jewellery major, Goldiam International, clocked Q2 revenue of Rs. 174.84 cr v/s 88.25 cr in Q2 of last year, resulting in a higher EPS of Rs. 8.85 on its Rs. 5 FV share. The half yearly EPS of Rs. 19.41 is considered very good compared to FY21 EPS of Rs. 30.26. Buy.
CRISIL posted 25% surge in Q2 NP to Rs. 113cr. on 17% higher income of Rs. 570.96cr. Buoyancy in the capital market and pick-up in economic activity will help it post better earnings in future. Add in small quantities.
Innerwear major, Page Industries (JOCKEY brand) posted 45% higher Q2 PAT of Rs 161 crore YoY. Sales momentum is also picking up. Add.
PNB reported sharp recovery in collections of bad loans. This is a good sign for the bank and it makes sense to start accumulating.
TVS Motors, third largest 2-wheeler maker, is in talks to raise up to $ 500 mn. for its EV subsidiary to give it scale and flexibility. The company is also scouting for a strategic partner. A good long term bet.
Bank of Baroda’s NP jumped 24% on the back of drop in provisions and higher other income. Its CEO, Sanjiv Chadha, reiterated that the worst is over and its asset quality will only improve with time. A good time to add BOB.
L&T looks strong on the back of huge orders especially from the infrastructure, hydrocarbon and defence orders. This evergreen company is still underpriced. Buy.
Union Bank of India recommended 6 weeks ago has given stellar returns of 40 percent. From CMP of Rs 50 it has potential to double compared to similar numbers posted by Indian Bank. Strong Buy.
GE Power traded volumes have been steadily increasing after superb results posted by the Company. It shows that this share is being accumulated by FIIs, DIIs and Mutual Funds since past 2 weeks. It's potential to be a multibagger is sure with 3 to 4 times returns. Buy for Long term.
Karnataka Bank is moving its head office in next 2 years from existing 1.3 Lakh sq ft space to 2.3 Lakh sq ft. in Mangaluru city. It's Management growth potential can be analysed and the free space would probably be sold or leased to others. Excellent Buy.
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