🎯 Power Finance Corporation to extend finance to sewage treatment plants, smart cities, railway electrification, mining, electric cars charging stations, etc. The management, estimates about Rs.12,000 crore debts to be upgraded in FY19. All very positive for the Company. Buy before the share takes a leap.
🎯 Dilip Buildcon stock has taken a big beating on the back of rumours of auditors having resigned from the Company. A sharp bounce is possible. Buy.
🎯 The big slide in the Manpasand Beverages stock has made the Company a lucrative buy. Although the management has clarified that the current working is steady risk bearing investors may buy in small quantities.
🎯 Bank of India posted Rs.3969 crore losses in Q4 on the back of higher NPA provisions. Sell immediately.
🎯 Kiri Industries posted spectacular results for 2018. Consolidated EPS was at around Rs.125. Enhanced capacities also likely to contribute this year. An excellent buy.
🎯 India’s leading state run producer of crude, Oil and Natural Gas Corporation reported a 36% hike in profitability. A good buy in these times of uncertainty.
🎯 Lakshmi Vilas Bank is reportedly in talks with banks and PE funds to sell up to 26% stake and use the proceeds for aggressive expansion. Nice opportunity to add this efficient bank to your portfolio.
🎯 Leading textile major, Siyaram Silk Mills, reported vastly improved results for Q4 and full year of 2018. New capacities will further add to the revenue and profits for this year. A safe Buy.
🎯 The Madras High Court order to halt construction of Vedanta copper smelter plant may have temporary financial effects. The Company is still a lucrative investment. Hold.
🎯 Auto components major Motherson Sumi Systems net profit was up a mere 7% for Q4. It is prudent to wait for the dust to settle before making fresh investments here.
🎯 In spite of one time exceptional expenses of Rs.213 crore on stamp duty, Grasim Industries reported an 18% rise in earnings and EPS. The future looks even better. A good buy.
🎯 PNC Infratech presented excellent results for Q4. The order book position is also improving. A fairly good investment. Buy.
🎯 Power Grid Corporation of India plans to raise Rs.17,500 crore for capital expenditure but a substantial part of the funds will be met by internal accruals. A very good share to add for the long-term.
🎯 Indian Overseas Bank losses have widened to Rs.3609 crore for Q4. Gross NPAs is a whopping 25%+. It is prudent to remain away from this share. Sell.
🎯 A Rs.944 crore profit posted by Punj Lloyd (a turnaround infrastructure company) makes this Company a good buy, especially on the back of the recent debt restructuring initiatives.
🎯 Ashoka Buildcon presented good results for Q4FY18. This efficient company is a fairly good buy as its bulging highway order book will contribute significantly to the bottom line going forward.
🎯 Inox group Company, Gujarat Fluorochemicals (leaders in industrial gases, refrigerants, chemicals, renewal energy etc.) reported an EPS of Rs.44.36 for 2018 as against Rs.13.32 in the previous year. Its huge expansion plans merit a buying.
🎯 CNG distributor, Indraprastha Gas, may find itself in a sweet spot after it decides to increase the price of its commodity. A good buy.
🎯 A 50% jump in profits of Mahindra & Mahindra makes this an excellent buy in this weak market. Robust tractor and UV sales helped profits to jump to Rs.1155 crore.
🎯 JSW Steel is contemplating acquiring Usha Martin’s speciality steel business. If it succeeds, there could be a big win. Risk bearing investors may enter.
🎯 A big slide in the price of Navkar Corporation makes this logistics company a good buy as its profits are rising albeit slowly.
🎯 National Steel & Agro Industries likely post EPS Rs.5.5 in FY18 and Rs.7 in FY19E stock will cross again its yearly high Rs.51 within a year.
🎯 Patel Engineering with a low equity of just Rs.15.7 crore has posted consolidated EPS of Rs.6 in FY18. The share is poised to touch Rs.75.
🎯 Datamatics Global Services has posted an EPS of Rs.12.1 for FY18. With a book value of Rs.86.52, the share trades at a price-to-book value of just 1.28. A reasonable PBV of 1.6x will take its share price to Rs.145 in the medium-term.
🎯 The robust Q4FY18 EPS of Rs.18 and FY18 EPS of Rs.60 by Indo-National (Nippo Batteries) was ignored by the discerning investors. The book value of the share is Rs.560 and is poised to touch over Rs.1000 in the medium-term.
🎯 KSE (formerly Kerala Solvents), which is into cattle feed, milk and ice cream business has posted an EPS of Rs.218 in FY18 on its tiny equity of Rs.3.2 crore. It may post an EPS of Rs.260 in FY19 and is a strong bonus candidate. A forward P/E of 18.03 against the industry average P/E of 40 will take its share price to Rs.4550 in the medium-term.
🎯 Pix Transmissions came out with excellent Q4 results. With an quarterly EPS of Rs.7, the share trades cheap at Rs.151.35 and can be bought for decent gains.
🎯 Cox & Kings has received nod from RBI to set up an NBFC. Now this travel service company can start the business of foreign exchange. Will it go the Thomas Cook way and create wealth for its stakeholders? A good buy at CMP.
🎯 Universal Cables is a no brainer buy. With a consolidated EPS of Rs.25 and its stake in group companies Vindhya Telelinks and Birla Cable, the stock hardly has any downside and can appreciate 100% from the current level.
🎯 Gujarat Sidhee Cement (GSCL) posted mind blowing quarterly numbers and for FY18. The Q4 EPS was Rs.2.3 and Rs.5+ for the full year. At CMP of Rs.32.40, the stock can give a good 50% return.
🎯 Munjal Showa seems to be finally coming out of the ashes. If its Q4 results are any indication, the stock has a long way to go and should be part of every portfolio,
🎯 Pennar Industries is reportedly doing well. Company has turned around wonderfully from a sick company a few years back. In Q4FY18 sales were subdued but, profit grew 4x. EPS for the quarter stood at Rs.4 and for the year as a whole stood at Rs.7+. At Rs.53.85 there’s nothing to lose in the stock and one can expect a 50% return from here on.
🎯 An Ahmedabad based analyst recommends BGR Energy Systems, Orient Abrasives, Pix Transmissions, Tanfac Industries of Aditya Birla Group and Umang Dairies. As per his opinion only very few growth oriented small-caps & mid-caps may rise from the current lower levels, because most of them are still overpriced and may slide further. Hence Money Times readers should focus only and only on few growth oriented small caps & mid-caps stocks that are available at reasonable valuations. From his last week’s recommendation Axtel Industries shot up to Rs.92.40 from Rs.77 & Pix Transmissions shot up to Rs.165.70 from Rs.115.10 in the highly negative sentiment among small-caps & mid-caps.
Joshi's Corner 