Money Times Talk
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January 11, 2024
- ➢ Jio Blackrock JV has applied for MF licence. This big business opportunity makes Jio a good buy. Add.
- ➢ SBI contemplates raising up to Rs.5000 cr. via AT-1 bonds to meet long term funds requirements. Add in small lots.
- ➢ Bajaj Auto may announce buy-back. Add for short-term gains.
- ➢ Adani Port plans to raise Rs.5000 cr. via NCDs for expansion and debt refinance. Add.
- ➢ ONGC won seven blocks for exploration of oil. Add on dips.
- ➢ Dr. Reddy’s acquires US based Menolabs, a women’s health and dietary supplement company. A big positive. Add.
- ➢ Reliance Infra is rising again. Seems like the DMRC payments are on the way. Risk bearing investors may add.
- ➢ Happiest Minds’ revenue to grow at a CAGR of 18% and EPS by 22% during FY24-26 on strong volume growth. Add.
- ➢ Olectra Greentech set to bag huge orders for e-busses. A big positive. Add.
- ➢ NOCIL is increasing its capacities. A very good buy even at these elevated prices.
- ➢ Pearl Global quotes ex-split rates and is witnessing robust demand on the back of rising prices for its products. Add for hefty gains.
- ➢ ABM Knowledgeware is a pioneer offering Smart City solutions, Cyber Security, Smart Water Management, SAP Practice etc. It has a large order book & huge reserve. Promoters hold 67% stake and it trades at a P/E of just 22x. Keep track.
- ➢ Metroglobal engaged in trading of chemicals, textiles, minerals and ores, metals and is a EPC realty player. It notched H1 EPS of Rs.13.57 and has a BV of Rs.300 but trades at a P/E of 5.6x and P/BV of 0.51x with a dividend payout of 23.8%. It is almost debt-free. Buy for multi-bagger gains.