Money Times Talk

---

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

---

March 05, 2024

• ➢ BSE SME Brisk Technovision provides IT solutions to leading corporates. Its IPO in Jan 24 at Rs.156 and was subscribed 47.10 times yet it is available around its IPO price. It has a RoCE of 65.8% and RoE of 50.6%. Buy for hefty gains.
• ➢ Godavari Drugs’ Q3 PAT rose 82% to Rs.1.22 cr. from Rs.0.67 cr. For 9M, it posted PAT of Rs.2.89 cr. on sales of Rs.118 cr. with an EPS of Rs.3.83. Add for 30% gains.
• ➢ Almost debt-free Alpa Labs manufacturers & exports ethical drugs, generic drugs, OTC & veterinary products and supplies to reputed pharma cos. For 9M, its net profit jumped 66% to Rs.13.24 cr. from Rs.7.99 cr. YoY on 139.21% higher sales of Rs.96.06 cr., fetching an EPS of Rs.6.31. It is available at an attractive PE of 12x. Buy for 30% gain.
• ➢ NSE SME Systango Technologies, H1 NP rose 100% to Rs.8 cr. from Rs.4 cr. YoY. Reputed HNIs Ashish Kacholia holds 4,52,800 shares and added 1,60,000 shares on Nov 2023. It is likely to add 5/6 new clients in Q4 and multiply its top-line by 5x in FY25. Add for decent gains.
• ➢ Debt-free Denis Chem Lab produces sterlite intravenous injectables. Its stock is available at attractive valuations with a dividend yield of 3%, M.Cap/sales ratio of just 0.55x. It notched 75% higher Q3 EPS of Rs. 2.31 from Rs.1.32 YoY. Buy for multi-bagger gains.
• ➢ Softsol India is into artificial intelligence, machine learning, big data analytics and cloud computing. Promoters hold 73.5% and HNIs hold 23% stake. It notched an EPS of Rs.8.25 in Q3 and is a re-rating candidate. Add.
• ➢ Rudra Global Infra hit a new 52-week high of Rs.49.30 on 2nd March with volumes. It manufactures TMT Bars and launched ‘Rudra Inframart’ a construction super market. For 9M, its PAT rose 44% to Rs.13.94 cr. while its sales grew 33%. It trades at a P/E ratio of just 23x. Add.
• ➢ Apollo Hospitals Group stock Indraprastha Medical Corporation’s 9M NP grew 58.98% YoY and trades at a P/E of 14.08x as against the industry average of 45.82x. Add for the long term.
• ➢ Logistics infra company, TransIndia Real Estate, has a land bank of over 500 acres in urban areas. Recent entry of Blackstone Group of investors is a big positive. Buy.
• ➢ In addition to its increasing order book, telecom and defence infra stock HFCL will get huge returns from its 8.19% stake in the new IPO of Exicom Tele Systems Ltd. which will list this week. Add for hefty gains.