Money Times Talk

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April 15, 2024

• As per a market veteran, despite the growing knowledge many investors may not achieve significant wealth as many of them switch funds in the lure of higher returns or book profits rather than hold on to good- growth oriented investments. For investors lacking self-control, it becomes challenging to create wealth even as the Indian economy continues to grow with rising GDP and per capita income. Few of the biggest multi-baggers in the last 30 years from NSE 500 are 1) Eicher Motors +68100%, 2) Auro Pharma +63800%, 3) Apar Inds. +53000%, 4) Wipro +51700%, 4) Berger Paints +50600%, 6) Tata Elexsi 47100%, 7) Apollo Hospital +42600%, 8) Shree Cement +39000%, 9) Titan +36600%, 10) Elecon Engg. +32300% and 11) Asian Paints +23300%
• As per a market veteran, nothing is guaranteed in this market. US inflation surges, dampening the rate cut expectations. High interest rates for a longer period may shrink NIMs and probably induce slowdown. Crude oil price is going up and rising raw material costs may shrink margins. Get ready for a global turbulence.
• As per astrological view some of the important dates in April 2024 are 15, 18, 23 and 25.
• In our 29th March MTTs, TBZ recommended at Rs.104 touched Rs.124 and Tyche Inds. recommended at Rs.176 touched Rs.207.
• In our 6th Apr MTTs, Black Rose Inds. recommended at Rs.135.50 touched Rs.142, Arex Inds. recommended at Rs.150 touched Rs.164, Vibrant Global recommended at Rs.87 touched Rs.104, IRB Infra recommended at Rs.67 touched Rs.73 and Mindteck (India) recommended at Rs.214 touched Rs.297.
• Prima Plastics 9M NP grew 59% to Rs.16 cr. from Rs.10 cr. YoY and an interim dividend of 20% was paid. It has been reducing its debt. Its 52-week high is Rs.254. Buy for hefty gains.
• National Plastic Inds., a well-known brand in plastic household products, plastic furniture, artificial grass, Gym flooring & Synthetic surfaces trades at a P/E of just 15x and M.Cap/sales of 0.3x. It has reduced its debt and set to cross its 52-week high of Rs.88. Buy for decent gains.
• Jayaswal Neco Inds. Q3 NP rose 54% to Rs.88.76 cr. from Rs.57.80 cr. YoY. Promoters have increased their stake to 53.02% in Q3 from 48.03% in Q2. Its profit grew at a CAGR of 20.6% over the last five years. Buy for 25% gains.
• H.G. Infra Engg. bags order of Rs.772 cr. from East Central Railway and a LOA has been issued by Jodhpur Vidyut Vitran Nigam Ltd. to Stockwell Solar Services Pvt. Ltd. consortium with H.G. Infra Engg. for the project of Solar Business worth Rs. 220 cr. & 107cr. Add.
• Artefact Projects has huge orders for six years having bagged Rs.5.50 cr. order from NHAI. It pre-paid it debt of Rs.5 cr. and trades at a P/E of 8x and P/B of 0.86x even as its Q3 NP grew 60% and 9M NP rose 53%. Buy for hefty gains.