⚡️ The better-than-expected Q3 results of Axis Bank with profit up 224% YoY at Rs. 3614 cr. has turned many brokerages bullish on the stock. At CMP of Rs. 752, the share looks a good buy.
⚡️ Although the Zomato share has taken a beating, there is a consensus in the market that it can fall to as low as Rs. 130. So, don’t try the bottom fishing approach now.
⚡️ Federal Bank Q3 NP rose 29% to Rs. 522 cr. A slow and steady recovery with declining provisions makes this share a fairly good bet for the long term. Hold.
⚡️ An 85% jump in Q3 revenue and 12% jump in NP led to Meghmani Finechem’s EPS of Rs. 16.78 from Rs. 11.31 YoY. The share is available below its intrinsic worth. Add.
⚡️ Although APL Apollo reported Q3 EPS of 4.62 v/s Rs. 5.30 YoY, the 9M cumulative profit is good. It has the potential to recoup its profit margin going forward. Hold.
⚡️ The Watchlist of a veteran market man for this week includes Anantraj, Bank Of Baroda, Brigade Enterprises, Central Bank Of India, Dai-Ichi Karkaria, Exxaro Tiles, Godawari Power & Ispat, Hindustan Oil Exploration, Himadri Speciality Chemical, Motilal Oswal Financial Services, PSP Projects, Punjab National Bank, Rain Inds., Rasandik Engg., Super House, Taj GVK Hotels, Vakrangee and Walchand Peoplefirst.
⚡️ SBI Cards posted excellent Q3 results with profit sharply up to Rs. 391.47 cr. from Rs. 220.53 cr.YoY. It has the potential to recoup the entire downfall in its stock price. Hold
⚡️ Vi’s user base is shrinking and losses widening despite the tariff hike. There seems to be no light at the end of the tunnel for it. Stay away.
⚡️ Supreme Industries is struggling to improve its profitability in the ongoing pandemic. The Company has a strong management team and the share is a good long-term hold.
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