⚡️ Chandni Textiles Engineering Industries has been allotted 5.5 acres industrial land in Malegaon Textile Park for its technical textiles project.
⚡️ Tata Sons has acquired the controlling stake (43.35%) in Tejas Networks, a telecom equipment maker, to help access 5G technology, the next generation communication system. Buy.
⚡️ Mahindra Finance suffered a loss of Rs. 1,528.76 cr. in Q1FY22 resulting in a negative EPS of Rs. 12.41. The Covid blues are taking a toll. Stay away for some time.
⚡️ A veteran marketman recommends to buy BDH Industries cum 30% dividend, Betex India, Godavari Drugs, Mahindra Logistics, MNC Integra Engineering, Indian Sucrose, LP Rings, Kesoram Industries, Lasa Supergenerics, Laurus Labs, Lithika Infra, MK Exim India, Nelcast, Rubfila International, Sadbhav Engineering, SNL Bearings cum 45% dividend.
⚡️ Maruti Suzuki’s Q1 profit fell 62% sequentially due to rising input costs & planned shut downs due to Covid-19 despit passing on a part of the rising cost to customers. It would be prudent to stay away for some time.
⚡️ JSW Steel plans to raise $300mn in offshore loans, to fund expansion. The Company has big expansion and capex plans of around Rs. 25115 cr. in the next three years. A nice share to add.
⚡️ The entire cement sector is in a state of boom. Deccan Cements is best placed to report bumper earnings. Buy immediately for hefty gains in the next two quarters.
⚡️ Automobile giants are grappling with shortage of semiconductors. For the same reason, Tata Motors reported a loss of Rs. 4450 cr. in the previous quarters. Buy Moschip which is doing well and management has forecast better times.
⚡️ Ashok Leyland is expected to launch its first e-LCV in India by Dec 21. This share has become a good long term buy.
⚡️ Coforge (erstwhile NIIT Technologies) posted excellent Q1 results with NP at Rs. 171.7 cr v/s Rs. 39.4 cr in Q4 and Rs. 121.7 cr in Q1FY21. The Company is placed to report better results in the remaining part of the year. Add.
⚡️ Apcotex (an associate of Asian Paints) made a big turnaround and reported an NP of Rs. 21.86 cr. in Q1 v/s a loss of Rs. 6.67 cr. last year. The share merits a buy.
⚡️ Godawari Power & Ispat’s Q1FY22 has already surpassed the entire profits of FY21. An EPS of Rs. 123.42 in the first quarter itself makes this share a big buy.
⚡️ Packaging major Kanpur Plastipack presented its golden jubilee Q1 results with a bang. Income up by 88% and NP rise of 127% and expected FY22 EPS at around Rs. 28 merits a buy.
⚡️ Pfizer’s Q1 results point to a Covid boost to its business. With NP at Rs. 200.06 cr., and Q1 EPS at Rs. 43.69 v/s Rs. 108.77 for the whole year indicates that FY22 will be a bumper year for the Company. Accumulate.
⚡️ Kotak Bank’s Q1 net soared 32% to Rs. 1642 cr, on higher income. Although NIM has risen from Rs. 3724 cr to Rs. 3943 cr, the rising NPAs is a drag. Wait and watch.
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