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 06, 2024

• ➢ TRF, a TATA Group co., bags order worth Rs.350 cr. from Tata Steel for the coming year whereas its last full year turnover was Rs. 220 cr. It trades at a P/E of 10x. It has a mktcap of less than Rs.500 cr. Add.
• ➢ After being taken over, Megasoft has sold its IT business fully and has now ventured into the business of pharma and defence manufacturing. Ace investor, Ashish Chugh, has added it to his portfolio. With a mktcap of Rs.600 cr., this defence stock can turn out to be a multi-bagger. Add.
• ➢ Cupid’s promoter, Aditya Kumar Halwasiya, has acquired a huge stake in Tourism Finance Corp. from the open market and preferential allotment last week taking his stake to ~ 20%. Since Cupid rose from Rs.300 to Rs.2700, marketmen expect a repeat in TFCIL. Add.
• ➢ With PSU stocks on a roll having shot up 4-5x last year, keep an eye on New India Assurance which has significant chunks in all PSU cos. Add.
• ➢ Cambridge Technologies hits multi-year highs, which suggests something is cooking. It might be a possible takeover candidate. Keep it on your radar.
• ➢ ThinkInk Picturez expands globally with the launch of Think Star Entertainment Technology LLC in Dubai. Securing a production contract of Rs.45 cr., it has attracted investors like Bank of America, Securities Europe SA and Societe Generale Fund. Buy.
• ➢ Maharashtra Corp. acquires a land bank worth Rs.45 cr. close to the Sardar Vallabhbhai Patel stadium in Ahmedabad for a new real estate project, which could generate sales of Rs.120 cr Buy.
• ➢ Man Industries has big expansion plans on hand. It is debt-free and has extremely bullish prospects going ahead. Accumulate.
• ➢ Pilani Investments holds shares of Grasim, Ultratech and Century Textiles. All these companies have a bright future. Hence, it is likely to appreciate. Add.
• ➢ In spite of the current controversy about charges, hospital stocks are bound to do well. Narayana Hrudayalaya seems to be a top pick. Add.
• ➢ Automobiles are revving up and Maruti is the dominant player with pan-India distribution and super after sales services. Add.