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 04, 2024

• ➢ Debt-free & dividend paying Resonance Specialties is a pioneer in Pyridine chemistry and among the largest manufacturers of Lutidines in the world. It is an IPCA Lab promoted specialty chemical co. trading at Mkt. Cap of just Rs.129 cr. Buy for hefty gains.
• ➢ Debt-free & 40% dividend paying BDH Industries is a pharma co. set to be re-rated for its excellent results and prime land in Kandivali East adjoining a big mall. Buy a PE of just 15x, ROE 16.31%, ROCE 20.84%, and EPS of Rs 14.35. A potential multi-bagger.
• ➢ Simran Farms posted H1FY24 EPS of Rs.9.41. Its winter sales & profits are much higher, which may lead to FY24 EPS of about Rs.25. HNIs &NRIs hold around 11% stake and include Devika Anand, Dolly Khanna, Siddhartha & Manu Chhabria. Keep on radar for 30% gain.
• ➢ In Q2, Sagar Cements commissioned 4 new plants. Higher capacity coupled with price hike will lead to better H2 performance. Promoters have also increased stake by 3.11% is Sep. Qtr. Stock may hit Rs.300. Add.
• ➢ HFCL to export telecom products to North America & set up a unit in Delhi NCR for 5G FWA devices. It will invest Rs.500 cr. to expand fibre capacity & Rs.200 cr. on R&D. Share may cross Rs.100. Keep on radar.
• ➢ Black Rose Q2 NP shot up 290% to Rs.6.04 cr. from Rs.1.55 cr. It will establish a specialty chemical partnership with a Japanese co. & is in talks with US & EU cos. to implement two toll- manufacturing projects. Keep on radar for 25% gain.
• ➢ Edelweiss Financial Services’ H2 to boom in SME & SIP activity. Its H1 NP is up 54% to Rs.172.68 cr. v/s Rs.111.91 cr. FPIs hold 25.44% and co. maintains healthy dividend payout of 52.3%. Likely to cross Rs.100. Keep it on your radar.
• ➢ Textiles & Digital Infrastructure co., Mafatlal Industries’ Q2 NP shot up 141% to Rs.21 cr. from Rs.8.67 cr. It has a huge land bank & NOCIL shares worth Rs.700+cr. Its EGM on 24th Jan. may boost prospects and share may cross its 52-week high of Rs.173. Buy for 30% gain