Indian Stock Market major News 28 Aug 2022
28 August 2022
• In a recent interview, the CFO of Cosmo First commended the performance of its Q1FY23 and confidently said that the current year will continue to be good.
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• Bajaj Healthcare is a stock to watch as it is present in most pharma segments but the only one in opium processing needed to produce morphine and other sedatives.
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• Ever growing & diversified Andhra Sugars notched 84 % revenue from Speciality Chemicals and Pharma verticals. With a likely FY23 EPS of Rs 22+, returns of around 100 % may be in store on this stock in its Diamond Jubilee year.
• AstraZeneca Pharma India has received licence to import and market breast cancer drug Olaparib film-coated tablets. Positive for the Company.
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• Tilaknagar Industries is in a turnaround mode. This liquor major recently issued convertible warrants at Rs. 72 and the stock is very close to this amount.
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• Rattan India declared an excellent Q1 and 8% interim dividend.
• GAIL is in talks with Russia’s Gazprom for its surplus gas at much cheaper rates. Russia has sanctions imposed on it and cheaper purchases will result in GAIL’s higher profitability.
• Brooks Labs’ subsidiary Brooks Steriscience has won USFDA approval for antibiotic Meropenem injection, which will help it scale its business.
• Vedanta has denied rumours about having shelved its expansion and capex plans, which are on the anvil and the working of the Company continues to remain strong.
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• The promoters of VIP Clothing have informed the Stock exchanges about their open market share purchase deals. The stock is on an upward swing.
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• Coromandel International is ramping up production and gain from overseas demand.
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• Texmaco Rail can be bought on the back of the rising demand from the Railways.
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• Indiabulls Housing shows increasing volumes and rising prices. The new promoters, Blackstone and Abu Dhabi Investment Corpn., will surely take this share to higher levels.
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• Lyka Labs is being accumulated by some stock brokers. Some news may be there.
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• Aided by volume growth and price hikes, specialty chemicals major Aarti Industries posted good Q1 numbers. The company is in a strong growth phase.
• The acute gas shortage in Europe has forced many fertilizer plants to halt production. The available opportunities make GNFC a good play.
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• Capacity expansion coupled with brownfield expansion and increased promoter holding makes Nitin Spinners • Som Distilleries with some famous liquor brands posted excellent turnaround Q1 and also commissioned its new expansion.
• Paper stocks are once again the flavor. J.K.Paper which continues to post superb results must be added.
• Astra Micro is developing some vital defence related products along with DRDO. The Company has a great future.
• The CFO of Star Health, Mr. Nilesh Kambli, expressed the ability of his Company to grow faster than the industry.
• Eris Lifescience is scouting for acquisitions to diversify its business and grow beyond cardiovascular medicines.
• GTN Industries is a vertically integrated fibre to fashion manufacturer of yarns, garments, and knitted wears with 1,45,200 spindles. It notched 1060% higher Q1 EPS of Rs 9.5 against FY22 EPS of Rs 30, which may take FY23 EPS to Rs 38.
• Mazagon Dock Shipbuilders engaged in the construction and repairs of warships, submarines and other vessels notched 101% higher Q1 EPS of Rs 11.2 as against FY22 EPS of Rs 30.8, which may lead to FY23 EPS of Rs 42. Available at a forward P\E of 7.2x.
• LG Balakrishnan & Bros, the No. 1 OEM supplier of Drive Chains with 70% market share is the largest exporter to the USA has achieved 55% higher Q1 EPS of Rs 16.3 against FY22 EPS of Rs 78.2, which may take FY23 EPS to Rs 90.
• NLC India (Neyveli Lignite) is a PSU engaged in the mining of lignite and generation of power through lignite-based thermal power plants and has various expansions undergoing. It notched Q1 EPS of Rs 3.7 as against Rs 6.7 in FY22. This indicates EPS for FY23 could be Rs 16+.
• IG Petrochemicals, an established market leader in Phthalic Anhydride and Maleic Anhydride notched 57% higher Q1 EPS of Rs 26.3 as against FY22 EPS of Rs 86, which may lead to FY23 EPS of Rs 100+. Buy for 25% gain.
• Debt-free Karur Vysya Bank has notched 110% higher Q1 EPS of Rs 2.9 (FV Rs 2), which may take FY23 EPS of Rs 13 as against FY22 EPS of Rs 8.4. The share made a high of Rs 129 in 2017.
• LIC Housing Finance, the largest provider of finance on existing property for business/ personal needs has notched Q1 EPS of Rs 16.9 against FY22 EPS of Rs 43. This may lead to FY23 EPS of Rs 70.
• Rain Industries, largest producer of calcined petroleum coke, is also into cement, tar distillation and chemicals. It posted 184% higher Q2CY22 EPS of Rs 19.9 against CY21 EPS of Rs 16.8, which points to much higher CY22 EPS.
• Cigniti Ltd., global IT leader in Independent Quality Engineering & Software Testing Services, has garnered 52% higher Q1EPS of Rs 11.1 as against FY22 EPS of Rs 32.7. This indicates FY23 EPS could be over Rs 50. Buy for 20% gain.
• Savita Oil Technologies, which markets its lubricants in over 75 countries and posted 13% higher Q1 EPS of Rs 65.7 against FY22 EPS of Rs 188.This may take FY23 EPS to Rs 215. A PE multiple of 10x could take its share price to Rs 2150 in the medium term. Buyback of shares or a bonus issue may be on the cards.
• Ginni Filaments diversification from Cotton yarn to FMCG products has met with success. Its shower gels, shampoos, body lotions, baby wash etc. are seen at all stores. At a mktcap of just Rs.250 cr. and sales of Rs.1000cr+.
• Khadim India aims for FY23 revenue of Rs.800 cr. and intends to focus on premiumisation and add another 80-100 stores to the already operational 800 stores. At a mktcap of just under Rs.500cr.
• After years of waiting, Nelco has finally started its in-flight connectivity services. A small co. from the Tata group with mktcap of under Rs.2000cr, does it have the potential to turn like Tata Elxsi?
• The way the stock price of Relinace Infra has risen from Rs.10 to Rs.160 odd levels – investors with an appetite to gamble can look at Its order book looks great and many projects are near completion.
• Lubricants as a sector has been ignored and is worth considering since valuations have been beaten down. One can consider a basket of Savita, Panama and Gulf Oil.
• With engineering and chemicals going great guns, Anup Engineering can turn out to be a multi-bagger. Its order book has reached a high.
• Textile and garmenting stocks have been beaten down. However, P Apparels being in kidswear is expected to withstand the pressure.
• AMJ Land Holdings is a Pudumjee Group company engaged in real estate and developing its land under a joint venture. Its Q1 its sales zoomed 442% as it recorded PAT of Rs. 2.65 cr. against loss of Rs.0.37 cr. in Q1FY22. At a P/E of just 11x, it is the cheapest real estate stock that may from here.
• H B Stockholding stock recorded its highest ever monthly volumes this August, which clearly indicates that something is cooking in this investment co. After 2013, it has for the first time recommended 10% dividend for FY22.
• Hazoor Multi Projects is into infrastructure and has strong order book of Rs. 1030 cr. On a TTM basis, it recorded sales of Rs.304 crore and its market cap is just Rs. 84 crore. Stock is ready to cross into triple digits soon.
• Cinevista plans to develop its land parcel as a JV with some real estate player. It is also working on a new OTT channel. With such future plans, the stock looks highly attractive and may make a strong upmove from here.
• Mishtann Foods stock has attracted buying and crossed into double digits after the launch of its Himalayan pink Mishtann salt.
• NSE listed Debock Industries has informed the exchange that it has commenced acquisition of Granite mines and plans to acquire 40 acres in the rich marble & granite hub of Kishangarh.
