MANAGEMENT OUTLOOK/COMMENTARY/RESULT UPDATE/ GUIDANCE

*Emerald Finance* issues 26,31,579 preferential convertible warrants of Rs. 10 each at a premium of Rs. 28 constituting 25% of the total allotment funds to the Investi Global Opportunity Fund PCC - Cell 1, a non-promoter entity.

*Phantom FX* has clinched multiple awards for outstanding work on the blockbuster film ‘Ayalaan’ at the esteemed VFX Awards ceremony.

*PIGL* bags order of Rs. 20.93 cr., to develop a substation at Sardar Vallabhbhai International Airport, Ahmedabad managed by the Adani Group.

*Suraj Estate Developers* posted 57.54% higher total income of Rs.386.85 cr. while the PAT zoomed 88.04% to Rs. 71.38 cr. Add.

*Jupiter Wagons* posted an excellent FY24 and aims to boost capacity from 700 to 800 wagons by FY25 and 1000 by FY26. It has an order book ~ Rs.5000 cr. Add.

*Concor* to commission 5 more terminals by end 2024 and a capex of Rs.8000-10000 cr. by FY27 to acquire new rakes to start inland container terminals and upgrade its handling machinery. Add for the long term.

*HAL* to manufacture Kamov 226T helicopter under a JV with the Russian manufacturer. It will also bid in a Rs.65,000 cr. tender for 97 LCA Mark 1A fighter jets. Add for hefty gains.

*NBCC India* into project management consultancy & real estate bags orders worth Rs.450 cr. in Chhattisgarh and Kerala. A big positive. Add for decent gains.

*Schneider Electric*, a digital transformation of energy management & automation provider to invest Rs.3,200 cr. in expanding its industrial footprint by 2026. Add.

*Dixon partners* with Nokia for telecom products. Expects $10 bn. IT hardware opportunity in India and targets 20-25% export revenue growth in next five years. Add for potential gains.

*Tata Technologies and the BMW Group* to collaborate and develop Automotive Software & Business IT solutions. Its FY24 sales grew 15.9% and PBT rose 17.1%. Buy for long term.

*GHCL* approves a greenfield project for 5.5 MMTPA soda ash in Gujarat for Rs.4000 cr. A big positive. Add.

*Salzer Electronics* into cam-operated rotary switches, selector switches, wiring ducts, voltmeter switches & allied products to play a pivotal role in India’s energy infrastructure has capex plans of ~ Rs.35 cr. Add for multi-bagger gains.

*Paradeep Phosphates*, a petrochemical complex in Odisha with 2.6 MMTPA of phosphates and 0.4 MMTPA of urea is expected to be operational in 2024. Add.

*Money Times Talk is part of 'Money Times' publication.bs.*

*MONEY TIMES TALK*

*MAY 11, 2024*

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*Golden rules for stress free journey in the market:* Focus on fundamentally/technically good growth stocks at reasonable valuations and review their results every quarter. Never follow anyone blindly. Avoid buying & selling in panic. Avoid margin funding trading/investment. Revise your exit strategy and stop loss on a continuous basis. Have faith in India’s big growth story subject to the Modi govt. continuing with 2/3rd majority. Wild volatility is likely with profit booking at every rise till 4th June so trade/invest wisely till then.

*As per astrology, some important dates are 14, 18, 21 & 27 May; and 3 & 4 June. Further, the NDA may form govt. but with lesser seats compared to 2019.*

*As per a market veteran,* markets will test your patience from time to time as every phase of the market is not the same as it was earlier when making profits was easy in a week or month. There will be times when it might take longer. So, you have to adjust according to the market conditions or like you do in different weather conditions to protect your body and acclimatize yourself.

*Summary of Sandeep Tandon's (CIO, Quant Mutual Fund) recent media interview:* Closer to elections and high volatility market, we have raised our cash holdings to significant levels. • It doesn't make sense at this level to buy options or puts, so we have moved to cash. • Our stock holdings are more liquid now. • 2024 belongs to metals and mining cos. globally, not just India. • FMCG sector shows early signs of bottoming out.

*Factors that led to last week’s slide in the equity market:* 1) Poll Pressure: With three phases of 2024 elections behind us, uncertainty has hit the Street, with a drop in the preelection exuberance. 2) Although the PM’s prospects of getting re-elected is a consensus view, there are doubts about the 400+ target. 3) Earnings Impact: Market has reacted to the earnings of most cos. 4) FIIs selling has weighed on the market sentiment as they are net sellers in 2024. 5) Premium valuations. 6) Lack of fresh triggers. 7) As per SATTA BAZAR, NDA will form govt. but with less seats compared to 2019.

In our 6th Jan MTTs, *Sika Interplant* recommended at Rs.1395 touched Rs.2150.

In our 13th Jan MTTs, *Competent Auto* recommended at Rs.408 touched Rs.628.

In our 6th Apr MTTs, *Mindteck (India)* recommended at Rs.214 touched Rs.352, mind blowing gains of 64% in just 1 month in a highly negative market/.

In our 4th May MTTs, *Andhra Petrochemicals* recommended at Rs.90.68 touched Rs.94.75, *AK Capital*
recommended at Rs.910 touched Rs.954, *Available Finance* recommended at Rs.296 touched Rs.341, *Resonance Specialties* recommended at Rs.122 touched Rs.128, *Shetron* recommended at Rs.126 touched Rs.144, *Denis Chem* recommended at Rs.193 touched Rs.223 during the week.

*Raminfo* posted 9M NP of Rs.5.95 cr. and EPS of Rs.12. Its profit grew at a CAGR of 39% over the last 5 years. It acquired a 29% stake in 'MVUS', which has been awarded Rs.289 cr. contract. On 15 March, it made allotment of 8,28,825 equity shares and 34,29,007 convertible warrants to promoters and non-promoters. Buy for multi-bagger gains.

*DCM Shriram Industries* 9M NP rose 151% to Rs.75.17 cr. from Rs.29.97 cr. YoY and paid 100% interim dividend. It holds huge reserves of Rs.746 cr. With notable institutional & HNI holdings and a 3-way demerger, expects significant gains in FY25. Buy for hefty gains.

*Shri Bajrang Alliance* caters to Jubliant Foods, KFC and Lulu Group for exports. It partners with Nestle India to manufacture several food items and posted 9M PAT of Rs.27.56 cr. and EPS of Rs.30. It is now available at very attractive valuations. Buy for multi-bagger gains.

*Andhra Petrochemicals’* Q3 NP grew 923% to Rs.9.82 cr. from Rs.0.96 cr. YoY. It is the largest manufacturer of Oxo alcohols and its Normal & Iso Butanol cater to various segments. Its tie-up with GAIL for Natural Gas will lower production cost & boost its bottom-line. Buy for hefty gains.

CONTROL PRINT Q4FY24 CONS

NET PROFIT 125M RUPEES VS 160M (YOY)

REVENUE 1B RUPEES VS 884M (YOY)

SUBEX Q4FY24 CONS

NET LOSS 1.57B RUPEES VS LOSS 472M (YOY); LOSS 48.9M (QOQ)

REVENUE 838M RUPEES VS 473M (YOY); 818.2M (QOQ)

INDO THAI SECURITY Q4FY24

REVENUE 6.6 CR VS 2.17 CR (YOY), Q3 9.3 CR

NET PROFIT 2.46 CR VS LOSS OF 7.6CR (YOY), Q3 PROFIT 5.4 CR

MARGIN 63% VS 66.6% (QOQ)

JAY KAY ENTERPRISES LTD Q4FY24

REVENUE 30 CR VS 10.3 CR (YOY), Q3 7.54 CR

NET PROFIT 4.89 CR VS LOSS OF 2 CR (YOY), Q3 0.72 CR

Profit jump due to other income

Company made operating loss 10 lakh Rs

MarineElectricals: Order received worth Rs. 11.54 Cr | delivery period: 8 months from Cochin Shipyard

MEGHMANI ORGANICS Q4FY24

Net Loss At Rs 18 Cr Vs Profit Of Rs 54.1 Cr (YoY)

Revenue Down 29% At Rs 410 Cr Vs Rs 574 Cr (YoY)

EBITDA Down 97.4% At Rs 2 Cr Vs Rs 77.8 Cr (YoY)

Margin At 0.5% Vs 13.5% (YoY)

Poor Numbers 👎

If any result pendingg let us know so we try to upload 🙏

RAILTEL: CO WINS ORDER WORTH 51CR RUPEES

BLUE CLOUD SOFTECH SOLUTIONS: Q4FY24 CONS

NET PROFIT 85M RUPEES VS 40M (QOQ)

REVENUE 2.1B RUPEES VS 1.6B(QOQ)

CO APPROVED DIVIDEND 0.02 PAISE PER SHARE

SHEETAL COOL PRODUCTS LTD Q4FY24 SL

NET PROFIT 71M RUPEES VS 37M (YOY): 26M (QOQ)

REVENUE 847M RUPEES VS 608M (YOY): 626M (QOQ)

HI-TECH PIPES Q4FY24 CONS

NET PROFIT 111M RUPEES VS 158.4M (YOY)

REVENUE 6.8B RUPEES VS 7B (YOY)

EBITDA 353M RUPEES VS 337M (YOY)

EBITDA MARGIN 5.19% VS 4.81% (YOY)

ADVANCED ENZYME TECH Q4FY24 CONS

NET PROFIT 283M RUPEES VS 321M (YOY)

REVENUE 1.57B RUPEES VS 1.38B (YOY)

EBITDA 553M RUPEES VS 441M (YOY)

EBITDA MARGIN 35.06% VS 31.82% (YOY)

MEGHMANI ORGANICS Q4FY24 CONS

NET LOSS 180M RUPEES VS PROFIT 541M (YOY)

REVENUE 4.1B RUPEES VS 5.7B (YOY)

ITDC Q4FY24 CONS SL

PROFIT 161M RUPEES VS 101M (YOY)

REVENUE 1.46B RUPEES VS 1.55B (YOY)

EBITDA 325M RUPEES VS 237M (YOY)

EBITDA MARGIN 22.19% VS 15.30% (YOY)