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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January 13, 2024

• ➢ Debt-free Denis Chem producer of sterile intravenous injectables is an attractive buy with a dividend yield of 3%, M.Cap: Sales of 0.55x. Varun Daga, Mg. partner of billion-dollar company, Dream 11, holds 11.5% and FIIs hold 20.74% stake. Add.
• ➢ Rising Covid-19 cases globally spell good prospects for IOL Chemicals & Pharma, Morepen Labs and Poly Medicure. Add for decent gains.
• ➢ Menon Pistons, the only company to design & manufacture steel forged pistons & gudgeon pins, Rings, auto shafts. It has a RoCE and RoE of 27% and 20%. Its equity of Rs.5 cr. is backed by reserves of Rs.122 cr. The promoters hold 75% and HNIs hold 3.47%. It paid 100% dividend for FY23. Buy for 30% gains.
• ➢ After August 2022, first time Subex close above Rs.39 with record break volumes on 5th January. Its all-time high is Rs.790. Risk bearing investor may add.
• ➢ NSE SME listed SJ Logistic technically looks strong and is likely to cross Rs.200. Keep track.
• ➢ NSE SME listed Jayant Infratech recommended at Rs.131 on 2nd December hit new high of Rs.262. Book part profit at every rise.
• ➢ Last week’s MTT recommendations, Simran Farms at Rs.173 touched Rs.215, Artefact Projects at Rs.71 hit Rs.95, Resonance at Rs.112 hit Rs.125, BDH at Rs.219 touched Rs.264 and Sagar Cements at Rs.254 hit Rs.304 with huge volumes. Book partial profits at every rise.
• ➢ SIKA Interplant engaged in the Defence & Space, Auto Engg., Aerospace, electrical module integration notched 137% higher Q2 NP. Its equity of Rs.4.24 cr. is back by reserves of Rs.90 cr. The promoters hold 71%, FPIs hold 2.42% and HNIs hold 3.04% stake. Add for multi-bagger gains.
• ➢ HFCL hit new 52-week high on Friday with big volumes as it received Rs.1127.27 cr. order from BSNL. It is likely to cross Rs.100. Keep it on your radar.
• ➢ NSE SME listed UNIHEALTH posted H1FY24 PAT of Rs.4.24 cr. and announced a collaboration with Myanmar Airways Int. to launch the UniHealth – MAI medical travel program. A big positive. Add.
• ➢ BSE SME listed Cosmic CRF was recommended at Rs.263 on 4th Nov. It touched a life time high of Rs.717. Book partial profits at every rise.
• ➢ NSE SME listed Kontor Space IPO at Rs.93 was subscribed 71 times and was listed at Rs.122. It is now available at around Rs.78. For H1FY24, its PAT rose 122% YoY. Add.