DCW

DAYS High- 61

Trying Really Hard

Watchout for close above 62.60 - 63 zone for Big upmove

NELCAST

168

Watchout for next clean move once closed avove 175 & Sustained

Sharekhan Stock Update- 3R Recommendation*l

Kajaria Ceramics Ltd
Broadly in-line Q2; Retain Buy

Rating:BUY

(CMP: 1232, Price Target: 1600)

Company Description

Kajaria is India’s largest manufacturer of ceramic/vitrified tiles and the world’s eighth largest tile manufacturer. The company has an annual capacity of 84.45 mn. sq. meters presently, distributed across eight plants – one at Sikandrabad in Uttar Pradesh, one at Gailpur, one at Malootana in Rajasthan, two at Morbi in Gujarat, one at Vijayawada, one at Srikalahasti in Andhra Pradesh, and one at Balanagar in Telangana

Key Investment Arguments

•We retain our Buy rating on Kajaria Ceramics Limited with an unchanged PT of Rs. 1,600, rolling forward our valuation multiple to September 2025 earnings and considering its high earnings growth trajectory over the next 2-3 years.

• For Q2FY2024, operational performance broadly remained in-line with marginally lower volume growth and cost savings from lower power and fuel costs. Net cash surplus rose on a q-o-q basis.

• Management has lowered tile volume growth for FY2024 to 9-10% y-o-y, considering slower H1. Pick-up in demand from September as per expectations hints towards growth revival from H2.

• The company added 3 msm GVT and 1.92 msm ceramic tiles at its Sikandrabad and Gailpur units,respectively,which would provide future growth. Morbi exports are expected to maintain growth momentum.

Our Take

Even Asian Tiles wld do Better

Kya Lena hai Fall mein

Sooch Lo.....

Buy Quality and all those which you were Ready to Buy at Higher Levels

Few Strong Buys if Ready to Wait with Patience for next 1 - 2 - 3 Years

ADSL @ 108 - 115
DCW @ 50 - 54
EKC @ 112 - 118
Asian Tiles @ 70 - 74
OPTIEMUS INFRACOM @ 260 - 280
GNFC @ 630 - 660
Deepak Fertilizers @ 590 - 610
Hitachi Energy @ 3800 - 4000
Precam @ 240 - 260
Vikram Thermo @ 100- 106
MHRIL @380 - 410
Sakar Healthcare @ 320 - 330
Persistence @ 5750 - 5830
NMDC LTD @ 140 - 145
GooLuck India @ 690 - 730

Nifty strong support @ 19000 - 18900 zone

Disc - All views expressed are personal and only for educational and study purpose. Consult your financial advisor before investing or taking any position based on above article.

Correction is Opportunity for Equity Investors

EKC

Diwali Pick

DAYS LOWS - 115.55

Strong support zone @ 114 - 115

PERSISTENT System

Not correcting with markets

Staying strong 💪

5700 short term support

Days Low - 5822

Looks to be that every one is bearish below 19200 zone

And Technical is also saying same Thing

Markets are Tend to change Teji se mandi & Mandi se Teji
( All Might Have Noticed This)

Few Positive Things happening

Crude cooling off
Bond cooling off
Dollar showing signs of topping out

Look for Quality stocks that are Hammered without Any Reason

They are strong candidate to BUY

EKC

Days Low 111.40

EKC 75 To 137

Now available at 20% Discount
@
110

Those who are in Group from Last one Year Knows Better how market works

What happened in March - April - May'22 when there was war like situation bwt 🇺🇦 Ukraine & 🇷🇺 Russia

Few Reason Why Markets had A Great Fall Today

🔅10 🇺🇸 US warships entered Gulf sea and Ready for attack in Israel war any time

🔅Today's big development -China's 6 warships enters Gulf Sea as counter pressure to US warships

🔅War Situation in entire Gulf region is escalating -

🔅Till now Indian stock markets were insulated from Geo political problems.

🔅Indian markets will started reacting Negatively

🔅Even though Indian economic growth story is intact in medium to long term, now in coming days Indian markets can not behave isolated from world markets fall based on above Situation

AURIONPRO
GOOD NUMBERS

AURIONPRO

Steady Numbers Q2FY24

Continues to grow at 30-35% maintaining the margins ( As Management had Guided Earlier)

Revenue at 211cr vs 154cr⬆️37%

EBITDA at 46cr vs 35cr⬆️32%
OPM at 21.82% for q2

PBT at 40.5cr vs 29cr
Q1 at 38cr

PAT at 34cr vs 25cr
Q1 at 31.5cr

Solid OCF at 98cr vs -7cr

There isn't any buying interest in the stocks as there is so much uncertainty regarding the war front.

Markets wld continue to behave like this as Geo political uncertainty is there

One shld look for Strong & Favourite stock picks to ADD ON dips

Once Geo political Tension eases markets are bound to go Up...

Espically induvidual stock where there is Earning Growth and Good Earning visibility in future

Look for stocks that are going down on low volumes

Buy in SIP would always work

No body knows from where markets would take support