⚡️ Yes Bank’s Q2 NP has risen 74% to Rs. 225 cr. on lower provisioning for bad loans. The bank is on a comeback trail and the present beaten down share price provides an opportunity to enter into this stock.
⚡️ A top mutual fund has bought 336,000 shares of Ajooni Biotech, a small agri-foods company for animals, at Rs. 61 per share. This company has a tie-up with Patanjali and deserves a buy.
⚡️ IDBI Bank Q2 Net is up 75% to Rs. 324 cr. on higher income and NII income was up 32 bps to 3.02%. The bank is on a comeback trail and can be added with a long term perspective.
⚡️ For good return in Vikram Samvat 2078 a veteran marketman recommends to buy Andhra Petro, Aries Agro, Aro Granite, Agarwal Industrial Corporation, Easy Trip Planners, GNFC, Gujarat Alkalies Chemicals, Greenply Industris, Indian Toners Developers, Kewal Kiran Clothing, KPT Industries, Ludlow Jute, Lahoti Overseas, MK Exim(india), Nath Industries, Praveg Communications, Rubfila International, Steel Strips Infrastructures, Steel City Securities(only on NSE), Timex Group India & Vipul Organics
⚡️ Mid-tier software exporter, Mastek, has declined 25% since its weak Q2. But its robust order book and the fast momentum in US markets will accelerate its business prospects. Use the downward momentum to add this stock.
⚡️ Bank of Maharashtra’s Q2 NP doubled to Rs. 264 cr. boosted by interest income and some recovery from its DHFL exposure. It plans to raise bonds of about Rs. 1000 cr. and may also raise equity to reduce govt. stake from 91%. Add.
⚡️ Aided by higher premia and investment income ICICI Lombard posted 7% growth in NP to Rs. 447 cr. in spite of higher claims. A good long-term story. Accumulate.
⚡️ The demand for Asian Paints’ products continues to be strong and the pricing play will help retain its market leadership. It is also revamping its retail network to strengthen its position. Use the temporary fall in its share price to buy.
⚡️ Macrotech Developers (Lodha group) plans to raise about Rs. 4000 cr. for expansion. It posted Q2 profit of Rs. 222 cr. The company had raised Rs. 2500 cr. last April via its IPO. Add.
⚡️ Rajratan Global Wires reported fantastic results for Q2FY22 with an EPS of Rs. 32.11 v/s Rs. 13.33 in Q2FY21. Add.
⚡️ JSW Steel reported its highest ever quarterly revenue of Rs. 32503 cr. and EBITDA of Rs. 10,417 cr. Exports are also on the rise. Buy on every decline.
⚡️ L&T to spend Rs. 5000 cr. to go green by 2040. Big vision and long-term plans make this engineering giant excellent share to add.
⚡️ Three FIIs, Vanguard, Quant Mutual Fund and Norges have collectively acquired 2.64% in telecom giant HFCL Ltd., which is eligible for the PLI scheme for telecom products. The co. plans to raise Rs. 750 cr. to finance its soaring business. A screaming buy.
⚡️ Packaging companies can now blend recyclable plastic waste to make packaging films. A big boost for Polyplex Corpn. The Company already has huge expansion plans and new capacities will soon start commercial production. Buy immediately.
⚡️ L&T has won the prestigious order to construct Common Central Secretariat Integrated Buildings 1, 2 and 3 in Delhi comprising 48,11,000 sq.ft. A good long term hold by all accounts.
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