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Some of the stocks discussed in previous Market Buzz editions

at Rs CMP Gain (%)
On Nov 7, 2021   
Asahi Glass             444.60 498 12%
Gati                         156.85 183.80 17.18%
Prestige Estates       470.20 522 11%
Delta Corp               281.10 308.50 9.74%
On Oct 31, 2021  
BBL 1489 1951 31.02%
DCW Novulle 260.95 339.55 30.12%
October 24, 2021  
Tilak Nagar Ind.      54.10 85.95 58.87%
Prestige Estates       437 522 19.45%

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Adani Enterprises is on a dream run for the last many months and presently trading at its all-time high. On the Weekly chart also it is at the high point. The market is rife with strong news that the company is also in the race to buy the second-largest state oil firm, Bharat Petroleum Corporation Ltd. Being the flagship company of the group the stock will be in the fancy list. It’s on the way to crossing the Rs 2000 mark any time soon.


DHP India Limited is into the manufacturing of brass-related parts and accessories used in LPG Regulators. Trading at 7.5PE, on a TTM basis it has declared the highest-ever performance in Q2 with sales, operating profit, and net profit zooming up by 66, 173, and 151 per cent respectively. The counter is journeying towards joining the four-figure club.


ONGC has declared a fabulous quarterly net profit which is the highest in its history. On a TTM basis also it is the highest ever performance. It’s now trading at the halfway mark of its all-time high of Rs315. As crude oil prices are not expected to come down and remain at the high level the counter is sure to be re-rated as the Q3 results too will be very fascinating.


Karnataka Bank has given the highest closing after July 2019. With a Book Value of Rs214, and available at price to book value ratio of 0.36, the counter can reach 100 marks any time as it is now attracting serious investors who are finding value in the stock.


National Aluminium Company is enjoying the bright days of the metal sector. On a TTM basis, it has declared the highest-ever performance in Q2 with sales, operating profit, and net profit zooming up by 51, 309, and a whopping 597 per cent respectively. In 2008 the counter made a high of Rs142 and if all goes well it’s ready to reach that level shortly.


Adani Green Energy has posted nearly six-fold increase in consolidated net profit at Rs 100 crore in the September quarter and its total income stood at Rs 1,411 crore as against Rs 718 crore in the same period a year ago. After the consolidation of almost a year now the counter is showing momentum. Gautam Adani has declared to invest heavily to make it the world’s biggest renewable company. Watch out as it can cross Rs 1500 any time.


Power Finance Corporation has posted the highest ever profit on QoQ basis. On TTM basis it has clocked a profit of Rs13,044 crore available with just Rs36,000 crore market cap against Kotak Bank’s Rs9986 crore profit with an astonishingly Rs 4,11,000 crore market cap. PFC’s dividend yield is 7 per cent. It seems the day market participants will realize this gross underestimate, the stock will double in no time.


Escorts Ltd. may see a huge rally as one of its MNC investors, the Japanese company Kubota Corporation is believed to raise its stake from presently 9.09 percent. Tractor sales are also showing a good up move in numbers.


Aster DM Healthcare, which operates hospitals, diagnostic centers, medical centers, and pharmacies in India and the Middle East, is available at a very cheap valuation compared to its peers. Q2 numbers too were good as sales, operating profit and net profit were up by 10, 26.5 and a whopping 225 percent respectively. Trading at Rs 208 at present there is big scope to give 20-25 percent return in a short time.


ITD Cementation India has posted turnaround numbers in Q2 as its sales were up by 47 percent. The company has declared a profit of Rs 15 crore against a loss of Rs 50 crore recorded in last year September. On a TTM basis also its net profit is the highest ever in its history. In 2017 it made a high of Rs 235, but now available at around Rs 77. A very good investment opportunity.


Tata Steel, with just Rs 1,55,00 crore market cap, is on all the parameters an undervalued stock. In Q2 it has posted a net profit of Rs 11,918 crore. On TTM basis its operating profit is Rs 56,319 crore, net profit comes to Rs 31,166 crore with an EPS of Rs 261.50. It is currently trading at 5PE only. The metal sector rally is here to stay and as the merger process of Bhushan Steel will be completed this month, investors must hold it to get wonderful returns.


Southern Petrochemicals Industries Corporation has posted the best and highest ever Q2 numbers in its history as sales, operating profit, and net profit were up by 43, 278 and a whopping 343 per cent respectively. Some time back the stock made a high of Rs 68 but currently trading at 28 per cent below that. A good opportunity to make quick money.


Mirza International caters to some of the big names in the leather industry besides having some premium brands of its own. On Technical Charts it has given a breakout after a long time. In September 2017 the stock made a high of Rs 184, now available at Rs 78. In Q2 its net profit was up by 323 percent. The stock is gearing to cross the Rs 100 mark.


Sunflag Iron & Steel Company’s September quarter numbers are indeed historical. Its sales, operating profit, and net profit were up by 40, 88, and 123 per cent respectively and on TTM basis operating profit is Rs 417 crore and net profit comes around Rs261 crore on a sale of Rs 2557 crore. In February 2018 the stock was trading at Rs 100, now available at Rs 81. The counter is ready to make a new high after its V-shaped recovery.


THE SCOOP OF THIS WEEK

Ram Ratna Wires (RR Shramik), which is a part of RR Global, one of the leading conglomerates in the electrical & copper industry. The company has declared good Q2 numbers as its sales are up from Rs 359 crore to Rs 588 crore and net profit is up from Rs 3.15 crore to Rs 12.05 crore. In the first half company’s profit is Rs 19.81 crore whereas in the full last year it was just Rs 14.90 crore. On TTM basis it is the best ever number. In January 2018 it made an all-time high of Rs 244 and is now available at Rs 145. The counter has a lot of potentials.

About the author: IE&M Team
IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

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