Money Times Talk

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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April 01, 2024

• ➢ The global E-Waste rose to 62 mn. tonnes comprising metals, plastics and other materials and is out pacing the rise in formal recycling by almost 5 times, which spells the huge potential for Eco- Recycling, the pioneer and leader in India.
• ➢ Jay Kailash Namkeen's IPO opened on 28 March and was oversubscribed by over 1.46 times, on the first day. It posted a revenue of Rs.6.4 cr. and NP of Rs.40 lakh as of 30 Nov 2023. The issue will close on Wed, 3 April and is expected to list well as it commands a GMP of Rs.38.
• ➢ Ahmedabad based Mishtann Foods rights issue opens on 2nd April 2024 at Rs. 15/share in the ratio of 1 share for every 31-share held on 20th March 2024.
• ➢ Artefact Projects has huge orders for six years having bagged Rs.5.50 cr. order from NHAI. It pre-paid its debt of Rs.5 cr. and trades at a P/E of 8x and P/B of 0.86x even as its Q3 NP rose 60% and 9M NP grew 53%. Buy for hefty gains.
• ➢ Godavari Drugs Q3 NP rose 82% to Rs.1.22 cr. from Rs.67 lakh YoY. For 9M, it posted PAT of Rs.2.89 cr. fetching an EPS of Rs.3.83. Buy for 25% gains.
• ➢ Lehar Footwears 9M PAT rose 56% to Rs.5.34 cr. from Rs.3.42 cr. YoY as all its verticals are growing. Promoters hold 71.81% & 29 HNIs hold 13.49%. Its 52-week high is Rs.179 but due to market crash it is now available at attractive valuations. Buy for hefty gains.
• ➢ Gujarat Industries Power’s Q3 PAT rose 65% to Rs.46.62 cr. from Rs.28.34 cr. QoQ. With a BV of Rs.211 and a 52-week high of Rs.237, it is available at Rs.163 and has the best P/B among all power stocks and a dividend payout of 25%. Buy for hefty gains.
• ➢ Ramky Infra hit a new 52-week high of Rs.1008 on 2 Feb 2024 but is now available at Rs.485.80. It has signed two contracts with Greater Chennai Corporation for Reclamation of Kodungaiyur Dumping Ground through Biomining. Buy for decent gains.
• ➢ HFCL to incur a capex of Rs.144 cr. on an optical fiber cable manufacturing facility in Poland. It has orders of Rs.40.36 cr. for supply of optical fiber cables to a leading private telecom operator in India. Add for 20% gains.
• ➢ Porwal Auto Components 9M NP rose 523% to Rs.3.20 cr. from Rs.6 lakh YoY. Two reputed HNIs Veeresam Pabba hold 1.31% and P. Pirlamarla hold 2.40%. Its 52-week high is Rs.70. Add for 25% gains.