Money Times Talk

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February 08, 2024

• ➢ Shriram Pistons & Rings, after acquisitions of Rs. 300 cr., posted 43% higher Q3 EPS of Rs.24.5 and 58% higher 9M EPS of Rs.73.3, which may lead to FY24 EPS of Rs.100. Abakkus Fund recently bought 6.7% stake in it.
• ➢ Cochin Shipyard bags Rs.500 cr. for hybrid Service Operation Vessel. It notched 110% higher Q3 EPS of Rs. 9.3 and 100% higher 9M EPS of Rs.20. This may take FY24 EPS to Rs.40+. Buy for 20% gain.
• ➢ Debt-free IIFL Securities, with a net surplus of Rs.5,500 cr., saw 104% higher 9M EPS of Rs.11, which may take FY24 EPS to Rs.15+ from Rs.8.1 in FY23. Buy for 30% gains.
• ➢ Siyaram Recycling Industries manufactures brass ingots, billets, rods and components, supplying to 18 states and Union Territories. Buy for long term.
• ➢ Repco Home Finance posted 47% higher Q2 EPS of Rs.16.5 and 42% higher H1 EPS of Rs.31.7 which may take FY24 EPS to Rs.70+ from Rs.35.4 in FY23. Buy.
• ➢ Three decades old, Shilp Gravures, a leader in Electro-Mechanical Engraving, posted Q2 EPS of Rs.5.5 and Rs.11.7 in H1, which may lead to FY24 EPS of Rs.22+ on its small equity of Rs.6.1 cr. Buy for 20% gains.
• ➢ Manappuram Finance, a leading gold loan NBFC, notched 38% higher Q2 EPS of Rs.6.6 and 52% higher H2 EPS of Rs.12.5. which may lead to FY24 EPS of Rs.24. Buy for 20% gains.
• ➢ GAIL notched 717% higher Q3 EPS of Rs 4.9 and 49% higher 9M EPS of Rs. 11.3, which may take FY24 EPS to Rs.17+ from Rs. 8.5 in FY23. Buy for 20% gain.
• ➢ Suzlon’s strong Q3 results with rising order book and debt-free status, makes it a good investment.Add.
• ➢ In the interim budget, the Finance Minister has stated that e-buses will be added. Olectra Greentech looks a good buy. Add.
• ➢ As per reports, sales of luxury cars are rising. Buy Force Motors, which makes engines for Benz.