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January 02, 2024
- ➢ Canara Bank notched 40% higher Q2 EPS of Rs.20.9 and 54% higher H1 EPS of Rs.41.5, which may lead to FY24 EPS of Rs.85+ from Rs.62 in FY23. Buy.
- ➢ NR Agarwal Industries notched 38% higher Q2 EPS of Rs.22.2 and 31% higher H1 EPS of Rs.46.1, which may lead to FY24 EPS of Rs.80+ from Rs.58.4 in FY23. Buy.
- ➢ GMDC restarted its operations at Tadkeshwar lignite mines which are estimated to have a life of seven more years. Buy for hefty gains.
- ➢ After receiving order from Armenia to supply missiles, Bharat Dynamics has started going up and re-rating is likely to continue. Add.
- ➢ Shortage of products and rising demand is pushing up the price of Indo Borax Chemicals. Its share is available at much below the industry P/E. Add for hefty gains.
- ➢ Deepak Fertilizers is expected to declare record dates for the demerger of some of its businesses into three entities. Add.
- ➢ Gabriel India is expecting some big orders from the India Railways for its super-fast trains. Add.
- ➢ Coal India has big expansion plans on hand and has huge cash reserves. Add for the long term.
- ➢ GSFC is rising on the back of good demand for fertilizers and caprolactam. A buy back or bonus issue is not far off. Add.
- ➢ Karnataka Bank has one of the highest CASA ratios in India. It is expected to notch FY24 EPS of Rs.47+. Add for 30% gains.
- ➢ IRCON continues to be a big buy and is reportedly scouting for very big orders from the Indian Railways. Add on dips.
