TOWER TALK-30-3-2020
The auto industry is in doldrums with automakers halting production and a significant fall in sales. Stay away from the Maruti Suzuki counter.
Pharma companies may stand tall amidst the Coronavirus crisis. Glenmark Pharmaceuticals is an attractive buy.
As India is in a total lockdown, it would be prudent to stay away from travel and tourism stocks like India Tourism Development Corporation.
PTC India, a mini-ratna PSU with good dividend payouts, is available at a throwaway price of Rs.35. A screaming buy!
Mr. Sameer Ghelot, the promoter of IndiaBulls Housing Finance, has bought 35 lakh shares atRs.91/share. A good time to buy this share
Bajaj Auto has shut down some of its production facilities to avoid the spread of the Covid-19. This will affect its profitability. Sell.
Axis Bank, one of the most efficient private sector banks, is available at a throwaway price. Buy.
Sea food stock at Apex Frozen Foods is piling up due to stoppage of exports. Although the stock is available at attractive valuations, it would be prudent to stay away from this counter for some time.
Pharma major, Cipla, is working towards finding an antidote for Covid-19. Lopinavir and Ritonavir, which seem to be working against the virus, could be money spinners. Its prospects appear bright. Accumulate.
ONGC declared an attractive dividend of Rs.5/share and its share book value is high as Rs.161. Accumulate.
Sterlite Technologies is planning a buyback, which may boost its share price. Accumulate.
Reliance Infrastructure plans to clear its debt over the next few months. Investors with a risk appetite may enter.
Graphite India’s share price does not reflect its intrinsic worth. A value pick.
Defence major, Bharat Electronics, has huge orders in hand. This PSU stock deserves a place in every portfolio.
Healthcare Global Enterprises is likely to start lab tests for Covid-19 soon. A big business opportunity. Buy.
The Power Finance Corporation counter is witnessing higher volumes at the beaten down levels. An attractive buy below Rs.90.
Reliance Industries is set for a rebound. A good opportunity to accumulate.
The current virus scare has created a big opportunity for FMCG packaging major Huhtamaki PPL. At Rs.200, this share is a steal.
Bajaj Steel Industries is likely to notch an EPS of Rs.75 for FY20 and its face value is being split into Rs.5. Accumulate.
Srikalahasti Pipes will be a major beneficiary of the upcoming water supply projects of Rs.12503 crore in Andhra Pradesh. Its prospects appear bright. Buy.
Technocraft Industries is likely to notch an EPS of Rs.57-60 for FY20. An attractive buy. Going by its 9MFY20 results, Repco Home Finance is likely to notch an EPS of Rs.50 for FY20. Buy for the medium term.
Nikhil Adhesives, which has a scalable and solid business model, posted an EPS of Rs.11 for 9MFY20. The stock is poised to cross Rs.180.
Going by its 9MFY20 performance, RajRatan Global Wire is expected to notch an EPS of Rs.36 for FY20. Buy for about 30% returns in the medium term.
Agarwal Industrial Corporation may notch an EPS of Rs.20+ for FY20 if its 9MFY20 results are taken into consideration. The stock is likely to cross Rs.100.
Post expansion, Meghmani Organics is expected to notch an EPS of Rs.10+ for FY20. Buy for over 30% returns.
The auto industry is in doldrums with automakers halting production and a significant fall in sales. Stay away from the Maruti Suzuki counter.
Pharma companies may stand tall amidst the Coronavirus crisis. Glenmark Pharmaceuticals is an attractive buy.
As India is in a total lockdown, it would be prudent to stay away from travel and tourism stocks like India Tourism Development Corporation.
PTC India, a mini-ratna PSU with good dividend payouts, is available at a throwaway price of Rs.35. A screaming buy!
Mr. Sameer Ghelot, the promoter of IndiaBulls Housing Finance, has bought 35 lakh shares atRs.91/share. A good time to buy this share
Bajaj Auto has shut down some of its production facilities to avoid the spread of the Covid-19. This will affect its profitability. Sell.
Axis Bank, one of the most efficient private sector banks, is available at a throwaway price. Buy.
Sea food stock at Apex Frozen Foods is piling up due to stoppage of exports. Although the stock is available at attractive valuations, it would be prudent to stay away from this counter for some time.
Pharma major, Cipla, is working towards finding an antidote for Covid-19. Lopinavir and Ritonavir, which seem to be working against the virus, could be money spinners. Its prospects appear bright. Accumulate.
ONGC declared an attractive dividend of Rs.5/share and its share book value is high as Rs.161. Accumulate.
Sterlite Technologies is planning a buyback, which may boost its share price. Accumulate.
Reliance Infrastructure plans to clear its debt over the next few months. Investors with a risk appetite may enter.
Graphite India’s share price does not reflect its intrinsic worth. A value pick.
Defence major, Bharat Electronics, has huge orders in hand. This PSU stock deserves a place in every portfolio.
Healthcare Global Enterprises is likely to start lab tests for Covid-19 soon. A big business opportunity. Buy.
The Power Finance Corporation counter is witnessing higher volumes at the beaten down levels. An attractive buy below Rs.90.
Reliance Industries is set for a rebound. A good opportunity to accumulate.
The current virus scare has created a big opportunity for FMCG packaging major Huhtamaki PPL. At Rs.200, this share is a steal.
Bajaj Steel Industries is likely to notch an EPS of Rs.75 for FY20 and its face value is being split into Rs.5. Accumulate.
Srikalahasti Pipes will be a major beneficiary of the upcoming water supply projects of Rs.12503 crore in Andhra Pradesh. Its prospects appear bright. Buy.
Technocraft Industries is likely to notch an EPS of Rs.57-60 for FY20. An attractive buy. Going by its 9MFY20 results, Repco Home Finance is likely to notch an EPS of Rs.50 for FY20. Buy for the medium term.
Nikhil Adhesives, which has a scalable and solid business model, posted an EPS of Rs.11 for 9MFY20. The stock is poised to cross Rs.180.
Going by its 9MFY20 performance, RajRatan Global Wire is expected to notch an EPS of Rs.36 for FY20. Buy for about 30% returns in the medium term.
Agarwal Industrial Corporation may notch an EPS of Rs.20+ for FY20 if its 9MFY20 results are taken into consideration. The stock is likely to cross Rs.100.
Post expansion, Meghmani Organics is expected to notch an EPS of Rs.10+ for FY20. Buy for over 30% returns.