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 01, 2024

• ➢ As per a market veteran, one should be very careful as the stock markets are at all-time high because only limited people are able to reach the top. Investing is a popular contest but the most dangerous thing is to buy at the peak because all otalling factors are built in the stock price.
• ➢ As per an Astroview, 1, 7, 11, 22 and 28 March are important dates for turning points in the markets.
• ➢ In MTTs of 11th November, Gujarat Pipavav was recommended at Rs.135 touched a new 52-week high of Rs.218 while Grauer Weil recommended at Rs.115 touched a new 52-week high of Rs.199 during the week. Keep them on your radar.
• ➢ In MTTs of 25th November, Hindustan Adhesives recommended at Rs.285 touched Rs.539. Book partial profits.
• ➢ In MTTs of 25th November, Bondada Eng., recommended at Rs.444 touched Rs.950 during the week. Book partial profits.
• ➢ In MTTs of 10th Feb, Univastu India recommended at Rs.134 touched Rs.145 and Shetron recommended at Rs.127 touched Rs.154 during the week. Keep them on your radar.
• ➢ In MTTs of 17th Feb, Panasonic Carbon India recommended at Rs.499 touched Rs.539, Prima Plastics recommended at Rs.222 touched Rs.245, VLS Finance recommended at Rs.286 touched Rs.322, Markolines recommended at Rs.147 touched Rs.164, Lehar Footwears recommended at Rs.132 touched Rs.145, Indotech Transformers recommended at Rs.1030 touched Rs.1173, BF Utilities recommended at Rs.701 touched a new 52-week high of Rs.948. Book partial profits.
• ➢ National Plastic into plastic products & synthetic surfaces trades at a P/E of just 15x and M.Cap/Sale of just 0.3x. The promoters hold 56.65%, HNIs hold 7.15% & Sangeetha S holds 1.36% and EPF hold 8.05%. Add for hefty gains.
• ➢ Artefact Projects bags huge orders and has cut its debt by pre-payment of Rs.5 cr., It trades at a P/E of 9x and P/B of 0.86x. Its CMP is way below its private placement price of Rs.111. In Q3, NP rose 60% and 9M NP grew 53% and is likely to perform better in Q4 given its huge order book. Buy for 25% gains.
• ➢ Himatsingka Seide posted 9M NP of Rs.89.09 cr. as against loss of Rs.86.42 cr. YoY and expects a stable demand with an expanding global client base. It hopes to achieve revenue of Rs.1000 cr. over the next 5 years. Its BV is Rs.152 and its 52-week high is Rs.187. Add for 25% gains.