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 14, 2024

• ➢ Kamdhenu Ventures in its investor concall stated its growth prospects and hopes to achieve its revenue of
• Rs.1,000 cr. by FY28. Its recently raised Rs. 65.25 cr. via preference capital from reputed QIBs to bolster its paints
• business. Add for the long term.
• ➢ Gujarat Toolroom wins Rs. 29 cr. order from Reliance Industries for construction supplies in Jamnagar Industrial
• Area. It targets Rs. 3700 order book in FY24. Add.
• ➢ Tata Power to benefit by revision or power charges approved by Maharashtra Electricity Regulatory Commission.
• Add.
• ➢ Rating agencies ‘Moody’ and ‘Standard & Poor’s’ (S&P) have revised upwards India’s growth forecast, which has
• been endorsed by the RBI and estimate GDP growth close to 8%.
• ➢ IIFL Finance had been hit by the RBI order barring it from extending gold loans. This has not deterred Canadian
• billionaire, K Prem Watsa of the FairFax group to commit 200 million $ as liquidity support to it.
• ➢ Investors must check their SME holdings as ED has raided operators and frozen the accounts of Zeinth Multi
• trading DMCC and 12 other FPI accounts for money laundering.
• ➢ In our 4th Mar MTTs, H.G.Infra recommended at Rs.922 hit Rs.975, BSE SME Brisk Technovision recommended
• at Rs.157 hit Rs.176, Denis Chem Lab recommended at Rs.134 hit new 52-week high of Rs.155, Softsol India
• recommended at Rs.294 hit Rs.335, Rudra Global Infra recommended at Rs.49 hit a new 52-week high of Rs.57.
• ➢ In our 18th Dec MTTs, BSE SME Resgen recommended at Rs.67 hit new 52-week high of Rs.110 during the week.
• ➢ BSE SME Kaka Industries H1 PAT rose 801% to Rs.6.49 cr. from Rs.72 lakh YoY. Its 52-week high is Rs.252 but
• is now available at Rs.182. Its IPO was heavily oversubscribed. Add for hefty gains.
• ➢ BSE SME Sunita Tools announces a significant expansion project & announce the establishment of its new
• subsidiary dedicated to the manufacturing of defense & aerospace parts & components”. Keep it on your radar.
• ➢ Artefact Projects bags Rs. 5.50 cr. order from NHAI and has huge orders for six years. It has pre-paid its debt
• of Rs.5 cr., It trades at a P/E of 9x and P/B of 0.86x even as its Q3 NP rose 60% and 9M NP grew 53%. Buy.
• ➢ Shri Bajrang Alliance, a pioneer in frozen food with the GOELD brand caters to Jubliant Foods, KFC, Nestle India
• and exports to the Lulu Group. For 9M, it posted PAT of Rs.27.56 cr. and EPS of Rs.30. Available at attractive
• valuations, it is a potential multi-bagger. Add.