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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March 20, 2024

• ➢ Engineering exports, the largest export items from India, grew 15.9 % to a record high of USD 9.9 billion in the
• past 20 months, which is likely to continue.
• ➢ Indutries Minister, Piyush Goyal envisages India to be a global hub for manufacturing electric vehicles. A boom
• time awaits all EV manufacturer and component suppliers.
• ➢ Eris Lifesciences buys India formulation biz portfolio of insulin, oncology, and critical care from Biocon Biologics
• for Rs. 1,242 cr. Buy.
• ➢ BLS International Services, a leading global visa services co. to acquire through its UAE subsidiary the Turkey
• based iDATA and its subsidiary for Rs.450 cr. Add.
• ➢ Kamdhenu Venutures to consider sub-division/ stock split of its share at its board meeting on 3rd April. Stock to
• be in focused. Add.
• ➢ Lehar Footwears 9M PAT rose 56% to Rs.5.34 cr. from Rs.3.42 cr. YoY. Its domestic, export and institutional
• business verticals are growing. Promoters hold 71.81% and 29 HNIs hold 13.49%. Its 52-week high is Rs.179 but
• due to crash it is now available at around Rs.127. Buy for hefty gains.
• ➢ Competent Auto Q3 NP rose 62% to Rs.7.53 cr. from Rs.4.66 cr. YoY. For FY23, it posted sales of Rs.1731 cr. and
• EPS of Rs.42. It has a BV of Rs.521 and a market cap of Rs.235 cr. It trades at a P/E of 5.6x and P/B of 0.75x. Buy
• for good gains as the stock will list on the NSE too.
• ➢ Jagran Prakasan is available at an attractive valuation and trades at a P/E of just 9x. Its 52-week high is Rs.129
• but is now at Rs.97. The upcoming elections will see many full-page ads and fall in newsprint price will boost its
• profitability in Q4 and Q1FY25. Buy for 25% gains.