Profit Chaser Talk

⚡️ The new capex cycle will drive double-digit growth in the banking sector. With PSU banks undervalued and private banks commanding higher intrinsic values, banking stocks will attract investors. ⚡️ With a P/E of 4.5x and FY24E EPS of Rs.82+, add Canara Bank for 30% gains. ⚡️ Karnataka Bank notched 225% higher Q1 EPS of Rs.11.8, which may lead to FY24 EPS of Rs.46+ as against FY23 EPS of Rs.37.7. Add. ⚡️ DCB Bank notched 31% higher Q1 EPS of Rs.4.1, which may lead to FY24 EPS of Rs.18.5+ as against FY23 EPS of Rs.15. Buy for hefty gains. ⚡️ Glenmark Life Sciences is focused on Growth, RoCE and Net cash positive. The promoters hold 83% stake and it notched 25% higher Q1 EPS of Rs11.1 and FY23 EPS of Rs.38. Add. ⚡️ Some funds have bought large chunks of Karur Vysya Bank, which notched 55% higher Q1 EPS of Rs.4.5 that may lead to FY24 EPS of Rs.20 from Rs. 13.8 y-o-y. RBI has also allowed HDFC Asset Management to acquire up to 9.5% in it. Buy for hefty gains. ⚡️ Chamanlal Setia notched 23% higher Q1 EPS of Rs.5.3, which may lead to FY24 EPS of Rs.30 as against FY23 EPS of Rs.22.7 on its small equity of Rs.10.4 cr. Add for 30% gains. ⚡️ ITL Industries notched Q1 EPS of Rs.5.7, which may lead to FY24 EPS of Rs.28+ on its small equity of Rs.3.2 cr. Traditionally, its second half is better. Add for 30% gains. ⚡️ Paul Merchants notched 20% higher Q1 EPS of Rs.133, which may lead to FY24 EPS of Rs.530 as against FY23 EPS of Rs.490 on its small equity of Rs.1 cr. Buy for 30% gains. ⚡️ Ashoka Buildcon has won jobs worth around Rs.646 cr. from MEDCL for reduction in the loss of power in the transmission of electricity. Add.

⚡️ RPP Infra Projects has an order book of Rs.3000 cr. It has notched 188% higher Q1 EPS of Rs.2.8, which may lead to FY24 EPS of Rs.15+ as against FY23 EPS of Rs.7.7. Buy for 30% gains. ⚡️ LIC Q1FY24 NP rose 44% to Rs.9,544 cr. as against Rs.6,630 cr. in Q1FY23. Accumulate. ⚡️ Bank of India has reduced its net NPA to 1.65% from 2.21% YoY. It has notched 137% higher Q1 EPS of Rs.3.8, which may lead to FY24 EPS of Rs.16+ as against FY23 EPS of Rs.9.1. Add for 30% gains. ⚡️ Grasim to open 100+ retail stores in small cities in the next two years and expand its footprint. Buy. ⚡️ Motilal Oswal Financial Services acquires a 12-story tower of 1 lakh sq.ft. in Ahmedabad to meet its growing needs. Add. ⚡️ Take Solutions may post a profit in Q2. Analysts expect the share to rise to Rs. 40 in 3 months. Add. ⚡️ Analysts expect good reality stocks to soon gain momentum. Add DLF, Macrotech, Sunteck, and Kolte Patil for handsome gains. ⚡️ Mutual funds are accumulating M&M, on the back of rising demand in the festive season. Add. ⚡️ The chart of Bank of India indicates a multiple breakout. Add for a gain of about 20%. ⚡️ Wipro has set-up a cyber defense unit in Germany for localized support to counter cyber-attacks. Positive for Wipro. Add.

⚡️ Electronics Mart India has commenced the commercial operation of a new Multi Brand Store - 'Bajaj Electronics' on 09th September 2023 in Gudur, Andhra Pradesh. Buy on dips. ⚡️ Breweries & Distilleries are likely to post record profits. Comfort Intech Ltd., which recorded an excellent Q1FY24, will get a stronger re-rating from the current level of Rs 5.90. Buy. ⚡️ Tejas Networks has received the mobilization advance of Rs.750 cr. from TCS for Radio Access Network equipment for BSNL's Pan-India 4G/5G network. Add on dips. ⚡️ KEC International has won new orders worth Rs.1,012 cr. across various businesses and its YTD order intake stands at Rs.6,500+ cr., a strong growth of 11% YoY. Add on dips. ⚡️ Manappuram Finance notched 77% higher Q1 EPS of Rs.5.9, which may lead to FY24 EPS of Rs.24+ as against FY23 EPS of Rs.17.7. Accumulate. ⚡️ Voith Paper Fabrics notched 47% higher Q1 EPS of Rs.22, which may lead to FY24 EPS of Rs.95+ as against FY23 EPS of Rs.72.3 on its small equity of Rs.4.4 cr. Add. ⚡️ Tamil Nadu News Print has attracted heavy investment buying as prospects of the paper industry are bright. It is expected to notch FY24 EPS of Rs.70. Add for decent gains. ⚡️ Federal Bank notched 39% higher Q1 EPS of Rs.4.2, which may lead to FY24 EPS of Rs.19+ as against FY23 EPS of Rs.15. Recently, it allotted 23 cr. shares at Rs.131.9 to eligible QIBs. Add for 20% gains. ⚡️ IIFL Securities notched 70% higher Q1 EPS of Rs.2.5, which may lead to FY24 EPS of Rs.11+ as against FY23 EPS of Rs.8.2. Buy for 30% gains. ⚡️ Shreyans Industries notched 281% higher Q1 EPS of Rs.23.1, which may lead to FY24 EPS of Rs.70+ as against FY23 EPS of Rs.53. Add for 30% gains.

⚡️ Relaxo’s Q1FY24 NP rose 46% YoY - a clear indication of its current working. Add on dips. ⚡️ APL Apollo has been rising ever since its Q1FY24 results. It notched Q1FY24 EPS of Rs.6.98 from Rs.4.35 in Q1FY23. Add for 20% gains. ⚡️ TFCL is expanding and entering other sectors including hospitality. Add for 30% gains. ⚡️ Servotech’s new subsidiary has started trading in batteries and allied products. Risk-bearing investors may add for the long term. ⚡️ NMDC is once again on its record-breaking volume target. It is moving in line with the expectations. Add. ⚡️ Ashok Leyland aspires to be in the top 10 CV slot in the near future. Newer markets and increasing demand coupled with increased capacities are being explored. Add. ⚡️ Battery maker Exide Industries has invested over Rs.100 cr. in its wholly owned arm Exide Energy Solutions, which will manufacture advanced battery cells. Add. ⚡️ To fight smaller companies, HUL has turned its focus on price cuts and volume increases, especially on the back of inflation moderation. Retain. ⚡️ Zydus Life has incorporated a subsidiary in Canada in view of improving business prospects there. Its Q1FY24 PAT rose 110% to Rs.1087 cr. on 30% higher revenue of Rs.5140 cr. Add.

⚡️ As forecast by a market veteran, this week presents good profit booking opportunities as the markets rise in the backdrop of the G20 Summit in New Delhi. He opines that this profit booking should continue in phases till November even though no sharp correction is likely before Nifty 20500. ⚡️ The Department of Science & Technology has approved Rs.6 cr. to Eco Recycling’s 'Recycling on Wheels’ Rs. 12 cr. project to meet the e-waste challenges with innovative projects, which aligns with PM Modi’s call for responsible e-waste disposals. ⚡️ REC’s green project loans to grow 10-fold to Rs. 3 lakh cr. by 2030. It raised $1.15 billion through syndicated term loans in August 2023 to fund power, infrastructure and logistics sector projects and has a $100 million loan from EXIM Bank to refinance their equipment purchase. ⚡️ As per media reports, USA, India, Saudi Arabia, and UAE may announce a big joint infrastructure deal to connect Gulf and Arab countries via a network of railways. Buy IRCON for hefty gains. ⚡️ GMDC’s Rs.3000 cr. long-term bank loan has been reaffirmed AA++ by CARE. It may also hive off some of its rare earth mineral business. Add. ⚡️ Jupiter Wagons to raise Rs.700 cr. by issue of convertible debentures having produced spectacular Q1 results. Add. ⚡️ Infotech has partnered with InsureMO, a leading middleware platform. A big positive. Buy. ⚡️ Som Distilleries to raise Rs.350 cr. to enhance its capacities for brewing, fermentation, bottling, canning, and blending of beer. Add. ⚡️ Voltas is repositioning itself among the top 3 consumer brands in India and pushing for greater backward integration. Add in small lots. ⚡️ HPCL to venture into green energy and lube oils and hive off some of its businesses to help unlock value, expand the balance sheet and generate new revenue streams. Add. ⚡️ Adani Total Gas to operate a 500 TPD capacity of bio-CNG (CBG) plant for Ahmedabad Municipal Corporation. This order will run for 20 years. Add in small lots. ⚡️ With Rs. 550 cr., Hero MotoCorp has doubled its investment in its EV arm Ather Energy. Add.

⚡️ Tamilnad Mercantile Bank notched Q1 EPS of Rs.16.5, which may lead to FY24 EPS of Rs.72 as against FY23 EPS of Rs.65. Accumulate. ⚡️ A Reliance Infrastructure JV with MMRDA was awarded Rs.992 cr. in arbitration of disputes with Mumbai Metro One and MMRDA. A big positive. Add on dips. ⚡️ India Pesticides is on a growth spree and has allotted 11461 sq. mtr. land for expansion. Add on dips. ⚡️ Manappuram Finance notched 77% higher Q1 EPS of Rs.5.9, which may lead to FY24 EPS of Rs.22+ as against FY23 EPS of Rs.17.7. Add for 30% gains. ⚡️ SAT Industries realized Rs.189 cr. on sale of 175,00,000 shares of Aeroflex Industries in its IPO. Keep it on your radar. ⚡️ Byke Hospitality has posted turnaround with gross margins of 35%+. At a mkt-cap of Rs.150 cr., it is a good takeover target due to the booming hospitality market. Keep it on your radar. ⚡️ Delta Magnets has added capacity given the demand in EVs, auto sensors, IOT and wearables. Add for hefty gains. ⚡️ Optimeus Infracon ties up with Corning, USA, the largest producer of mobile displays and Gorilla glass, to make mobile components. Add for the long term. ⚡️ Apex Frozen Foods doubles capacity and export more seafood. Its share trades at 50% of its 52-week highs and the risk-reward ratio is favorable. Add for 50% gains. ⚡️ Lincoln Pharma promoters are aggressively buying its shares from the open market. Add on dips for the long term.

⚡️ Shriram Housing has tied up with IFC to promote building of greenhouses. Add for the long term. ⚡️ International Conveyors has bought 1.08 lakh shares of BSE Ltd. for about Rs.10 cr. taking its total to 1.44 lakh shares. It notched 120% higher Q1 EPS of Rs.2.2, which may lead to FY24 EPS of Rs.12+. Add. ⚡️ Patel Engineering has been awarded Dibang Multipurpose project for construction of civil works for Lot-4 from NHPC Ltd. Add for the long term. ⚡️ Vidhi Speciality Food Ingredients has commenced the trial production of its new 350 TPM greenfield plant, Dahej SEZ, Gujarat. Add on dips. ⚡️ JVN Green Energy receives LoA for 3 solar power projects totalling 320 MW. A big positive. Add on dips. ⚡️ BHEL wins an order worth Rs.2241.9 cr. from NHPC. A big positive. Add. ⚡️ Responsive Industries has won orders for the 'Vande Bharat' railways project. A big positive. Add. ⚡️ BEL has won Defence & non-Defence orders worth Rs.3289 cr. in July-August. Add for the long term. ⚡️ Karur Vysya Bank added 10 new branches and notched 55% higher Q1 EPS of Rs.4.5, which may lead to FY24 EPS of Rs.20 from Rs.13.8 YoY. Some funds have cornered this scrip. Add for hefty gains. ⚡️ Hindustan Media Ventures to invest up to Rs.35 cr. in Vyomeen Media, a PR-tech and content provider for advertorial support/inventories to companies. Add on dips

⚡️ Zydus Life gets USFDA approval for its acne drug, Isotretinoin capsules. A big positive. Add. ⚡️ MTAR to make warfare products. The success of its Chandrayan-3 related products and its capability to tap hydrogen power augurs well. Add on dips. ⚡️ Lupin has received a USFDA nod for its generic drug to treat lung cancer. A big positive. Add. ⚡️ ONGC to invest around Rs.2 lakh cr. and achieve net zero emission by 2038. Production from its KG Basin begins in October 2024. Accumulate. ⚡️ Sun Pharma plans to fully acquire Israeli Taro Pharma and integrate the dermatology business to meet the competition. It will spend 7-8% of revenue on R&D in FY24. Add. ⚡️ Embracer SA to tie-up with Indian aircraft manufacturers. HAL may encash this opportunity. Add. ⚡️ Tata Power plans a six-fold jump in public EV chargers. A good business opportunity. Add. ⚡️ Dalmia Bharat is close to taking over Birla Tyres, which makes tyres for CVs and 2-wheelers. Add. ⚡️ P&G’s PAT of Rs.151.2 cr. is a three-fold jump in Q1FY24. Add in small quantities. ⚡️ DLF expects two-thirds revenues from Gurugram and has launched projects worth Rs.20000 cr. in FY24. Add for the long term. ⚡️ Railway shares are gaining on traction on rising Govt. capex. Add IRFC, Texmaco Rail, IRCTC and Rail Vikas Nigam.

⚡️ A market veteran opines that the time has come for traders to start booking portfolio stocks in parts from next week onwards till November end. He says “sit on cash and enter again at a good opportunity”. He feels that this time the market can give unexpected corrections. ⚡️ IB Real Estate quotes near its BV of Rs.8 but has the potential to double in a year’s time. Add. ⚡️ TGV SRAAC share price fell from a 52-week high of Rs.182 on a fall of caustic soda flakes prices. It is now expected to regain the lost ground as prices of caustic soda flakes are at a yearly high. Add. ⚡️ Maruti to invest about Rs.45000 cr. to double its capacity and use cash reserves to reach 4 mn. cars by 2031. Although its share price is rising, it is still a good buy. Add. ⚡️ CRISIL reaffirms ‘A stable’ rating of Kokuyo Camlin, which post better results. The share price may edge higher. Add. ⚡️ IRCON is continuously rising on the back of fresh orders. The visibility of higher earnings will take it to newer heights. Add for the long term. ⚡️ Hero MotoCorp will ride the premium wave with the launch of multiple products in the next few years. Add on dips. ⚡️ Bigbloc Construction has been upgraded by rating agencies. Its Q1FY24 profits have doubled YoY. It now plans on tripling its capacities. Add. ⚡️ Pearl Global may notch FY24 EPS of Rs.90. An excellent opportunity for short-term & multi-bagger gains. ⚡️ Future Consumer to sell Nilgiri Dairy Farm for Rs.67 cr., which may help the stock to rebound. Risk-bearing investors may enter this penny stock.

⚡️ Marksan Pharma has received USFDA approval for Guaifenesin tablets for bronchial complications. A big positive. Add. ⚡️ MTAR Technologies, contributed to the Chandrayan-3 mission. An excellent buy for the long-term. ⚡️ Colgate plans to diversify into non oral care products. Add in small lots. ⚡️ Jio Financial met a mute response post listing. But its long-term prospects are good. Accumulate. ⚡️ Indiabulls Housing touched the upper circuit on clearing its debts. Its floating stocks have dwindled on heavy buying. Add. ⚡️ Hindalco to invest Rs.2000 cr. to set up an e-recycling unit. This green energy initiative augurs well for the company. Add. ⚡️ Pune to initially deploy 150 e-busses out of 650 planned. Accumulate Olectra Green. ⚡️ Buy GMDC, for big profits. It is been accumulated by FIIs and HNIs. ⚡️ Relaxo Footwear Q1FY24 profits grew 46% to Rs.56 cr. on 11% higher sales of Rs.734 cr. Add for the long term. ⚡️ Divestment candidate, Bank of Maharashtra, has been reporting higher profits for the last four to five quarters. At the CMP, its share is grossly underpriced. Add. ⚡️ HFCL has failed to show improved profits thereby blocking investors capital. It would be advisable to sell now and enter at a later date.

⚡️ A market veteran opines that at this stage there is very little scope for a further rise across the board bull run. It is better to focus only on few selected growth-oriented stocks with bright futures for next 5-7 quarters that are available at reasonable valuations. ⚡️ Suzlon Energy has debt-free and is likely to report better results going forward. Add for 50% gains. ⚡️ Titan has acquired 27.18% stake in CaratLane for Rs.4621 cr. A big positive. Add. ⚡️ A three-way demerger of DCM Shriram Industries will result in two new companies-one for Chemicals and the other one for Defence & drones. Having corrected 22 % from its recent high of Rs 151, stock is due for strong re-rating. Buy and hold for long term. ⚡️ Gujarat Gas has decided to raise the prices. A big positive. Add. ⚡️ Gabriel India is running high on big railway order for shock absorbers for its superfast trains. Add. ⚡️ Mahindra Holidays has added 236 rooms and acquired another 72 rooms.It has a Rs.800 cr. capex pipeline. Add. ⚡️ Despite below expectations results, VST Tillers is optimistic of a 13% volume growth in the next two years. Hold. ⚡️ Concord Biotech to launch select fermented APIs across immunosuppressant and oncology segments. Add. ⚡️ Trident Ltd. is reporting heavy volumes and rising prices. Risk-bearing investors may enter with strict stop-loss limits.

⚡️ About 170 cities to start EV busses. A big chunk of the finances may come from reputed business partners such as Shriram Finance. Accumulate. ⚡️ Concord Biotech has received EIR from USFDA for their Limbasi (Gujarat facility). A big positive. Add. ⚡️ Morganite Crucible notched 81% higher Q1 EPS of Rs.13.9, which may lead to FY24 EPS of Rs.55+ as against FY23 EPS of Rs.28.8 in FY23. Accumulate. ⚡️ RPP Infra Projects notched 188% higher Q1 EPS of Rs.2.8, which may lead to FY24 EPS of Rs.15+ as against FY23 EPS of Rs.7.7. It has an order book of about Rs.3000 cr. Buy for 30% gains. ⚡️ Debt-free IST notched 96% higher Q1 EPS of Rs.31.7, which may lead to FY24 EPS of Rs.100+ as against FY23 EPS of Rs.70 in FY23. Add. ⚡️ Paul Merchants notched 20% higher Q1 EPS of Rs.133, which may lead to FY24 EPS of Rs.530 as against FY23 EPS of Rs.490. Buy for 30% gains. ⚡️ IIFL Securities notched 70% higher Q1 EPS of Rs. 2.5, which may lead to FY24 EPS of Rs.11+ as against FY23 EPS of Rs. 8.2. Buy for 30% gain. ⚡️ Shreyans Industries notched 281% higher Q1 EPS of Rs. 23.1, which may lead to FY24 EPS of Rs. 70+ as against FY23 EPS of Rs.53. Buy for 30% gains. ⚡️ Karur Vysya Bank notched 55% higher Q1 EPS of Rs. 4.5, which may lead to FY24 EPS of Rs. 20 as against FY23 EPS of Rs. 13.8. Some funds have bought a chunk of this scrip. Buy for hefty gains. ⚡️ Karur Vysya Bank notched 55% higher Q1 EPS of Rs. 4.5, which may lead to FY24 EPS of Rs. 20 as against FY23 EPS of Rs. 13.8. Some funds have bought a chunk of this scrip. Buy for hefty gains. ⚡️ DroneAcharya Aerial has an MoU with a leading university in Philippines for developing of virtual human capital and sustainable innovations in a knowledge-driven global economy. Add on dips.

⚡️ Orient Green Power plans to issue rights shares at par to finance its expansion plans. Accumulate. ⚡️ The Union Cabinet has approved 7 multi-tracking projects worth Rs. 32500 cr. for the Indian Railways. Add IRCON for multi-bagger gains. ⚡️ Cochin Shipyard is jumping by leaps and bounds on the back of big orders. Add for the long term. ⚡️ The Union Government intends to start E-busses in 170 cities and has sanctioned Rs. 57600 cr. for the same. A big positive Olectra Green. Add. ⚡️ DIPAM to divest 20% stake sale in IRFC. A rights issue at a discounted price is possible. Add. ⚡️ The share of Garden Reach Shipbuilders is rising on the expectations of big orders from the Ministry of Defense. Add. ⚡️ Lupin has received USFDA nod for its High BP drug. It has also launched Triotropium dry power for inhalers in US. A big positive. Add in small lots. ⚡️ NMDC expects iron ore price to rise and its subsidiary, NMDC Steel, to break even soon. At the CMP, both the shares look risk averse. Accumulate. ⚡️ Patanjali Foods to source 70% of its palm requirement from its own plantations in 5-7 years. Further, it is already giving big competition to major brands. Add. ⚡️ Indo Count’ share trades below its industry average P/E although trading near to its 52-week high. The current price offers enough scope for appreciation. Add.

⚡️ ONGC Q1 NP rose 102% to Rs. 17383 cr. despite 10% decline in revenue on temporary shutdown of Mukta oilfields. It has made 4 new discoveries. Accumulate. ⚡️ Board approved the reverse merger of IDFC into IDFC First Bank and the merger ratio provides an arbitrage of 15.71% on their CMP. The average target price of the merged IDFC First Bank can be Rs.144.46. Add for hefty gains. ⚡️ LIC will continue to hold some stake in IDBI Bank even after the sale. This shows the inherent strength of this bank. Add for the long term. ⚡️ ITC Q1 PAT grew 17% YoY to Rs.4903 cr. It approved the demerger of its hotel business. Add. ⚡️ Astra Zeneca Pharma posted Q1 NP of Rs.54 cr. as against Rs.20.15 cr. YoY. Its share price has the potential to rise further. Accumulate. ⚡️ Siyaram Silk to buyback of 16.6 lakh shares via the tender route. This may push up its stock price. Hold. ⚡️ Genus Power Infrastructure has recently joined hands with GIC (Singapore Sovereign Fund) to make smart meters. Add for the long term. ⚡️ Sheela Foams will soon become India’s major player in the sleep industry after spending Rs. 2500+ cr. to acquire ‘Kurlon’. Add in small lots. ⚡️ Ind Swift has recently produced excellent turnaround results. Its share is available at attractive valuation of Rs.14. Add. ⚡️ Arvind Fashion expects their margins to expand continuously going forward. Its share is available at attractive valuation. Add.

⚡️ LIC reported Q1FY24 NP of Rs.9544 cr. as against Rs.6630 cr. in Q12FY23. Accumulate. ⚡️ Manappuram Finance notched 77% higher Q1 EPS of Rs.5.9, which may lead to FY24 EPS of Rs.22+ as against FY23 EPS of Rs.17.7. Buy for 30% gains. ⚡️ Lincoln Pharma targets Rs.750 cr. revenue in FY26 with better margins. In last 5 years, it delivered CAGR of 17.4% in profits. Its share trades at a P/E of 12x. Add for multi-bagger gains. ⚡️ SDBL is on an expansion spree and its Hassan plant will add another 60 lakh cases p.a. Its tie-up with Carlsberg will take it a long way. Add. ⚡️ Panasonic Carbon posted decent results. It has a valuation of Rs.200 cr. and its shares trades at a P/E of less than 15x. Add for 50% gains. ⚡️ Dredging Corp reported profits after many years.The increasing activity at docks and shipbuilders inherently benefits the company. It expects a topline of Rs.1200+ cr. in FY24. Keep it on your radar. ⚡️ With the rising air traffic and no. of airports, Dreamfolks which has corrected nearly 40% from its highs can be added on dips. It has good potential to bounce back and can be a good SIP bet. Add. ⚡️ Lancer Container Lines board recommended a 2:1 bonus with impressive Q1FY24 earnings. Its EBITDA rose 34.49% YoY and margins surged by 810 bps to 17.13% in Q1FY24. Add. ⚡️ Shreeji Translogistics Q1FY24 revenue from operations, EBITDA and PAT grew 27.63% to Rs.593.98 mn., 34.17% to Rs.70.02 mn. and 54.82% to Rs.40.93 mn., respectively. Add ⚡️ G G Engineering bags fresh orders for infrastructural steel valued at about Rs.320 mn. Its revenue from Infrastructural Steel business stood at Rs.995 mn. and is targeting a 20%+ growth in FY24. Add

⚡️ Repco Home Finance notched 30% higher EPS of Rs.15.3, which may lead to FY24 EPS of Rs.63+ as against FY23 EPS of Rs.50.6. The MFs and FPIs together hold 32% of its equity capital. Add for 25% gains. ⚡️ Shilp Gravures notched 359% higher Q1 EPS of Rs.6.3, which may lead to FY24 EPS of Rs.20+ as against FY23 EPS of Rs.12.7. Add for 30% gains. ⚡️ Peninisula Land notched 356% higher Q1 EPS of Rs.2.1, which may lead to FY24 EPS of Rs.10 as against FY23 EPS of Rs.3.5. Buy for hefty gains. ⚡️ Voith Paper Fabrics notched Q1 EPS of Rs.22, which may lead to FY24 EPS of Rs95+ as against FY23 EPS of Rs.72.3. Add for hefty gains. ⚡️ Debt-free Jullundur Motor Agency (Delhi) is among the largest in Automobile Spare parts distributionwith 77 branches and 7 regional offices catering to about 75, 000 dealers in different regions. It notched FY23 EPS of Rs 12. The share is a good buy as it quotes at a P/E of only 6x against the industry average P/E of 39x. Buy for 30% gain. ⚡️ Canara Bank share trades at a P/E of 4.8x on FY24 TTM (trailing twelve months) EPS of Rs.71 as against SBI’s forward P/E of 9.9x for FY24 TTM EPS of Rs.62. Add for good returns. ⚡️ Bank of India reduced its NNPA to 1.65% from 2.21% YoY. It has notched 137% higher Q1 EPS of Rs.3.8, which may lead to FY24 EPS of Rs.16+ as against FY23 EPS of Rs.9.1. Buy for 30% gains. ⚡️ Foods and Inns notched 65% higher Q1 EPS of Rs.2.3, which may lead to FY24 EPS of Rs.14 as against FY23 EPS of Rs.8.1. Buy for 30% gains. ⚡️ MGL notched 98% higher EPS of Rs.37.3, which may lead to FY24 EPS of Rs.120+ as against FY23 EPS of Rs.80. Add for decent gains. ⚡️ West Coast Paper Mills is in capex mode and has notched 32% higher Q1 EPS of Rs.37.2, which may lead to FY24 EPS of Rs.175+ as against FY23 EPS of Rs.143. Add for 30% gains.

⚡️ Samvardhana Motherson recorded Q1FY24 profit of Rs.601 cr. as against Rs.141.22 cr. in Q1FY23. Its revenue rose 27.23% to Rs.22462.18 cr. Add for the long term. ⚡️ Alkem Lab Q1 PAT more than doubled to Rs.287 cr. Revenue from operations grew 15.19% to Rs.2902.6 cr. Add. ⚡️ Mazgon Docks Q1 NP grew 40% to Rs.314.3 cr. although revenue was down by 2.6% to Rs.2172 cr. Add. ⚡️ Kansai Nerolac reported excellent results for Q1. The higher profitability was aided by sale of surplus land at Thane. Add. ⚡️ JK Tyres reported excellent results for Q1 on the back of higher margins and operational efficiencies. The management is confident about better results going forward. Add. ⚡️ HAL Q1 PAT rose 31% YoY to Rs.814 cr. and revenue grew 8% to Rs.3915 cr. This defense major is a good buy even at the CMP. Add. ⚡️ Raymonds recorded multi-fold jump in Q1 PAT to Rs.1065 cr. as all its divisions continued to fare better. Demerger of some of its business verticals are likely to lead to value unlocking opportunities. Add. ⚡️ Info Edge Q1 PAT grew 35% to Rs.200 cr. and revenue from operations rose 15% to Rs.584.29 cr. It runs leading internet businesses viz. Naukri.com, Jeevansaathi.com, 99 acres and siksha.com. Add. ⚡️ Uno Minda will be commissioning 2 new plants in Q2FY24. Its Q1FY24 revenues grew 21%, resulting in higher profits of Rs.180.17 cr. Further, it has decided to raise Rs.400 cr. for ongoing expansions. Add. ⚡️ IndusInd Bank’s net advances grew 21% to Rs.301041 cr. and deposits grew 15% to Rs.347356 cr. in Q1FY24. It notched 46% higher Q1FY24 EPS of Rs.26.3, which may lead to FY24 EPS of Rs.125+ as against FY23 EPS of Rs.96. Add.

⚡️ Pearl Global’s Q1 revenue rose to Rs.901.64 cr. from Rs.857.31 cr. YoY and NP grew to Rs.47.36 cr. with an EPS of Rs.22.16, which may lead to FY24 EPS of Rs.90. It plans for new acquisitions. Add for 50% gains. ⚡️ Blackstone has set its sights on Cipla. The subsequent open offer will provide investors an opportunity to make a quick buck. Add. ⚡️ Indraprashta Medical Corporation share trades at a P/E of 14.8x as against the industry average of 32.31x. This underpriced stock is the result of its confined to T2T group with 5% daily limit for more than 8 months. Add for the long term. ⚡️ Bank of Baroda Q1 NP grew 88% to Rs 4070 cr. Its asset quality improved as NPAs declined from 6.26% to 3.51%. It posted its lowest slippages in the last 11 quarters. Add. ⚡️ Natural rubber imports may hit a peak in FY24 as consumption may jump by 10%. As govt. promotes recycled rubber for making tyres and other products, this may boost the prospects of Tinna Rubber. Add on dips. ⚡️ Maruti plans to increase its capacity by 20 lakh units in the next 10 years and introduce about 20 new variants. Add for the long term. ⚡️ Alembic Pharma Q1FY24 PAT stood at Rs.120.6 cr. as against LOSS of Rs.65.88 cr. in Q1FY23 on the back of 31% rise in its API revenues and 46% rise in US generics business. Its products are exported globally. Add. ⚡️ Monte Carlo reported a LOSS of Rs.11.6+ cr. in Q1FY24 as against a LOSS of Rs.4+ cr. in Q1FY23. Although the management expects the subsequent quarters to be good, it would be prudent to remain away. Sell. ⚡️ Paras Defense Q1 profits were impacted due to rise in employee costs. However, the future remains exciting and it expects an EBITDA in the range of 20-30%. Hold. ⚡️ Axis Bank has approved Rs.1612 cr. infusion in Max Life through preferential allotment and adding 6.23% of its equity. A big positive. Add. ⚡️ The recent QIP will help Suzlon to become virtually debt free and forge ahead with its business. The Q1 results were also quite good and rerating is on the cards. Add.