📑 Ⓜ️ARKET WIZARD

🌐 NEWSLETTER ISSUE 18

📊📊 FUNDAMENTAL STOCKS

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📍ALEMBIC PHARMACEUTICALS LTD

📍 BOMBAY BUMRAH TRADING CORPORATION - SPECIAL PICK

📍 VOLTAS LIMITED

📈📉 TECHNICAL STOCKS

📍ASIAN HOTELS EAST

📍 CEREBRA INTEGRATED TECHNOLOGIES LIMITED

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*JSW Steel*: Steel Production volume up 65% in Q1FY22 to 5.07 MnT YoY vs 4.39 MnT and up 16% QoQ vs 4.39 Mnt.
Capacity utilisation at standalone level was at 91% in Q1FY22 vs 93% QoQ
QoQ higher production is on account of addition of Bhushan Power and Steel production from Q1.

ASHOKA BUILDCON: CO RECEIVED LOA FOR IRCON INTERNATIONAL LIMITED PROJECT || CONTRACT VALUE AT 4.82B RUPEES

TATA POWER: CO BAGS EMPANELMENT FOR 84MW ROOFTOP SOLAR PROJECT WORTH 4B RUPEES FROM KERALA STATE ELECTRICITY BOARD LIMITED

Avenue Supermarts Q1 Results | D-Mart operator's profit jumps 132% to Rs 115 crore, EBITDA rises 103%

https://www.moneycontrol.com/news/business/earnings/avenue-supermarts-q1-results-d-mart-operators-profit-jumps-132-to-rs-115-crore-ebitda-rises-103-7153971.html

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*BUSINESS NEWS*
Friday, 09 July, 2021


• The great chip crisis may soon create a huge shortage of phones

• India's power demand surges to all-time high, Electronics broke exports record in March

• The EV market is electrifying. But it needs a spark

• Government suspends issuing export benefits under key schemes

• Cabinet approves amendment to Coconut Development Board Act

• Karnataka govt planning to introduce 'Model Tenancy Act': Minister

• CBIC measures from July 15 to improve faceless assessment in customs

• Fall in outward remittances good news for India's current account

• APMCs can access Farmers Infrastructure Funds: Narendra Singh Tomar

• Union cabinet approves modifications to the Agriculture Infrastructure Fund to increase investment

• RBI governor Shaktikanta Das wants to support growth, keep inflation expectations anchored

• Termination of telecom licence will kill RCom resolution, Deloitte tells bankruptcy court

• E-commerce firms, third-party logistics lease over 5 lakh sq ft in Gurgaon

• RBI warns banks of LIBOR preparedness

• Tyre exports grow by 10 pc to Rs 14,097cr in FY21

• Tractor sales volumes to grow 3-6% this fiscal: Ind-Ra

• Auto retail shows signs of recovery in June, industry expects further improvement in July

• Renault India rolls out website with Hindi option

• Mahindra launches Supro Profit truck range

• Tata Motors global wholesales at 2,14,250 units in Q1

• STFC gets Rs 312.50 crore capital infusion from promoter Shriram Capital

• SLCM bags contract for management of food grain stocks of Madhya Pradesh government

• Piyush Goyal takes charge as textiles minister, confident of big growth in sector

• European Commission fines Volkswagen, BMW $1 billion for emissions cartel

• Private equity inflows jump 118% in H1 2021 to $11.82 billion

• High unemployment, migrant worker woes — challenges aplenty for new labour minister

• After a rough quarter, cryptocurrencies are on the rise again

• TCS India growth declines 14% on account of COVID-19 second wave in Q1 FY22

• At many companies, changes from COVID-19 are now permanent

• Non-life insurers see 13.8% premium growth in Q1

• Jaypee Infratech case: IRP files Suraksha’s resolution plan before NCLT

• US Treasury rally powers on, world shares take a knock

• Shriram General Insurance to increase share of non-motor business

• Income Tax department issues refunds worth Rs 37,050 crore until July 5

• JJyotiraditya Scindia takes over a debt-laden national airline and an industry struggling with traffic

• NEP to board exams: New education minister Dharmendra Pradhan has his task cut out

• EMI bounces rose in June despite easing of COVID curbs, shows NPCI data

• SpiceJet launches 42 ‘new’ flights

• Discretionary products on recovery path after smaller hit on sales by COVID-19 second wave

• Amazon opens its first Digital Kendra for MSMEs in Surat

• GR Infraprojects IPO sees strong demand from investors, subscribed 5.75 times on day 2

• Clean Science IPO subscribed 4.28 times on second day of bidding

Harrisons Malayalam, the largest producer of Tea in South India along with 9000 tonnes of rubber, has posted an EPS of Rs.20+ across the last two quarters. With Tea and Rubber prices skyrocketing, this stock trades cheap at 5x multiple and can easily double from the current level.

Saregama’s stock price zoomed from Rs.500 to Rs.3600, Tips Industries from Rs.100 to 1400 but Shemaroo lags behind around Rs.120 being in the T2T segment. Buy it at every decline for multi-bagger gains. The ATH of the stock stands at Rs.600.

After a huge decline the stock price, Adani Power seems settled around Rs.110. But now by acquiring Essar’s power business, it has again come into the limelight.

Long term investors with holding capacity are betting on the future development prospects of huge land parcels in major cities. Hemisphere Properties holds acres of land in Pune, Kolkata, Greater Kailash, Chattarpur, etc. Its monetization process should gain pace with a new IAS chief. Buy at every decline.

TVS Electronics recommended at Rs.171 last week went on to make a new 52week high of Rs.217 appreciating almost 27% in a week.

NMDC has been allotted a mine in Bailadia in JV with Chhattisgarh Mineral Development Corpn. having reserve of 107 MMT of very high quality grade 65.39% ore, which is the best in the world. The mkt value of these reserves is over Rs. 2 lakh crore. Buy for a target of Rs.260.

Capacite Infra, a Mumbai infra company, is available cheap at a mkt cap of just Rs. 1500 cr. It targets FY22 turnover of Rs. 2000 cr. with PAT of Rs. 125+ cr. The stock is available at a steep discount to its peers. Buy for a target of Rs.310.

Thomas Cook, the market leader of travel & tourism, may be the biggest beneficiary of the 5 lakh free tourist visas free till 31st March 2022 as tourism revives after the nationwide vaccination drive. A V shaped recovery in its fundamentals and stock price cannot be ruled out. Buy for a target of Rs.120.

Force Motors came out with its highest sales this quarter. Ambulance and travel demand being so high, the future prospects of the company look very strong. Buy for a target of Rs.3000

Rajapalayam Mills has 14% stake in Ramco Cements and 10% stake in Ramco Industries valued at Rs. 3800 cr. Yet, it trades at 82% discount to its NAV and at 6 times to its textile business. Buy for 50% gain within ao year

Food & food packaging industry are doing well in the pandemic. Both KRBL & LT Foods are doing well and are reasonably priced with a lot of upside potential

Similarly in packaging, Uflex is reasonably priced

Colgate & Dabur recommended earlier are touching new highs.

Ace investor Ashish Kacholia added 2.16 lakh shares of IOL Chemicals & Pharma in Q1FY22 taking his total holding to 9.66 lakh shares. On 1st July 21, CARE upgraded the co’s. long term bank facility of Rs.140 cr. rating to A+ from A and short term bank facility of Rs. 210 cr. to A1+ from A1. Stock is ready to break out of consolidation mode

Insecticides India’s Q4FY21 EPS skyrocketed to Rs.10.54 v/s negative Rs.3.44 in Q4 FY20. The full year FY21 EPS of Rs.45.43 calls for immediate buying

Indian Acrylics, a company from the Steel Strip Wheels group, announced a jump of 548% in Q4 PAT .Accumulate it for decent gains in the short to medium term

BCPL Railway Infra is a dividend paying company with 74% promoter holding. The stock hit a 52-week high of Rs.114 but is now available around Rs. 54.Buy as it reported 253%jump in Q4 PAT and has ventured into Ethanol through a subsidiary

Ruby Mills is a dividend paying company with a share book value of Rs. 299, promoter holding of around 75%. It announced 121% jump in Q4 PAT

Vascon Engineers is into EPC and real estate with a share book value of Rs. 39, Marquee investors hold around 22%. It repaid debt of Rs. 41cr. in FY21, and boasts of a healthy order book of around Rs. 2109 cr, Buy for decent gains in the short to medium term bs

Bulk Deals | Porinju Veliyath sells 0.6% stake in Sandu Pharma, BNP Paribas buys 1.15% in Granules

https://www.moneycontrol.com/news/business/markets/bulk-deals-porinju-veliyath-sells-0-6-stake-in-sandu-pharma-bnp-paribas-buys-1-15-in-granules-7152471.html

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Acrylonitrile Butadiene Styrene (ABS) is a superior replacement of metals given its high impact strength and heat resistance and thus preferred in electrical white goods, automobiles and electronic sectors. The firming up of ABS prices will boost the profitability of Bhansali Engineering and Ineos Styrolusion. Buy both.

GNFC, manufacturer of fertilizers and chemicals, has posted 29% higher Q4 EPS of Rs 20 and 37% higher FY21 EPS of Rs 44.9. Its robust prospects may end FY22 EPS of Rs 55+. This share, which hit a life-time high of Rs 548 on 24 Oct 2017 can touch Rs 550. Buy.

Power Finance Corp., a Navratna PSU maintains a healthy loan book and low NPAs, has notched 522% higher Q4 EPS of Rs 11.1 and 65% higher FY21 EPS of Rs 44.5. The share is poised to touch Rs 160 in the near term. Buy.

Indian Bank, which made a lifetime high of Rs 428 on 17 Nov 2017, and amalgamated Allahabad Bank with itself, has notched FY21 EPS of Rs 27, which may rise to Rs 30+ in FY22. A P/E of 12x can take its share price to Rs 360 in the medium term. Buy\Add.

Debt-free Lincoln Pharma notched 42% higher Q4 EPS of Rs 6.3 and 21% higher FY21 EPS of Rs 31 is the cheapest pharma share. With likely EPS of Rs 38, the share trades at a forward P/E of 9x. Accumulate for 33% gain.

LG Balakrishnan & Bros, the No. 1 OEM supplier of Drive Chains for 2-Wheelers and the largest exporter to USA has posted 356% higher Q4 EPS of Rs 18.5 and 45% higher FY21 EPS of Rs 42.5, which could end with FY22 EPS of Rs. 60.

GHCL, manufacturer of soda ash and home textiles with captive power has notched 35% higher Q4 EPS of Rs 11.7 and FY21 EPS of Rs 34.3. Its expansion in soda ash and proposed demerger of the textile and chemical biz can fetch a decent 30% gain in the medium term

NDTV has posted 241% higher Q4 EPS of Rs 4.1 (FV Rs 4) and 189% higher FY21 EPS of Rs 11 and may post FY22 EPS of Rs 15. The share may cross the Rs 120 in the medium term. Add

Nava Bharat Ventures, manufacturer of all types of ferroalloys operating in India, Europe, Middle East, South East Asia and Africa, has posted Q4 EPS of Rs. 8.4 and FY21 EPS of Rs. 26, which may lead to FY22 EPS of Rs. 32. It is selling its sugar plants. The share can fetch a decent gain of over 30% in the medium term

Prima Plastics, a competitor of Nilkamal Ltd. with 4 plants in India and 3 abroad has notched a 48% higher FY21 EPS of Rs 13.6 that could rise to Rs 18 in FY22. Buy for 40% gain

Apar Industries into conductors, cables, speciality oils and lubricants exporting to 100 countries having competitive edge has notched Q4 EPS of Rs 12.2 and 19% higher FY21 EPS of Rs 42, which could lead to FY22 EPS to Rs 52. Massive investments over FY21-25 in power transmission and 100% electrification of railways augurs well for it. A reasonable P/E of 14.5x can take its share price to Rs 754 in the medium term. Buy

Debt-ridden J P Associates is into engineering, construction & real estate development and manufacture of cement. Its lenders are looking at a possible resolution outside the Insolvency and Bankruptcy Code. If this restructuring happens, the stock may give 10x returns

Jindal Stainless Steel offers a wide range of products including Ferro Alloys, Stainless Steel Slabs, Hot Rolled Coils, Plates and Sheets, Cold Rolled Coils and Sheets. In FY21, it cut its debt by almost 20%. JSL can now touch Rs.160

India Pesticides is the sole manufacturer of Folpet Thiocarbamate, a herbicide. It manufactures over 30 insecticides, fungicides, and herbicides and exports to over 20 countries and exports account for 62% of its revenue. The stock can touch Rs.500

Jubilant Industries’ adhesive ‘Jivanjor’ is the second largest brand with 20% market share next only to Pidilite’s Fevicol. Its recent distribution agreement with US giant, HB Fuller. will be a game changer. Jubilant is a screaming buy as it trades at a mktcap of just Rs.500cr v/s Pidilite’s mktcap of over 1lakh cr!