MARKET UPDATES :
_*22 – 28 May 2017*_
🎯 Infrastructure major Dilip Buildcon’s Q4 results beat market expectations. It also received bonus of ~Rs.183 crore for timely completion of projects. This good performance is likely to continue.
🎯 NOCIL posted decent numbers for FY17. A big land bank, a decent holding in Navin Flourine (its group company) and growing profitability makes this an attractive buy.
🎯 United Spirits posted excellent results recently and expects to improve further going forward. A good buy.
🎯 Rural Electrification Corporation and Power Finance Corporation are expected to post good Q4 results followed by huge dividends. Both the PSUs appear under-priced considering their potential and high dividend yields. Buy for the long term.
🎯 Hero MotoCorp expects to achieve a double-digit growth in FY18. This evergreen stock deserves better valuation.
🎯 Reliance Infrastructure may gain as it won a Rs.2950 crore award against Delhi Metro Rail Corporation. It expects to prune its debt with this fund.
🎯 To reduce its dependence on banks, Dewan Housing Finance Corporation plans to issue another series of NCDs, which may also boost its NIM. Buy.
🎯 Petronet LNG is on a big expansion spree. The completion of its Kochi-Mangalore pipeline may bring in incremental volumes.
🎯 TVS Motor Company is expanding operations in five Central American markets and expects to generate ~Rs.500 crore of revenue over the next 3 years.
🎯 Indo Count Industries posted good results. The management expects 20% rise in profits in the next few years. A good long-term buy.
🎯 Evergreen automobile component manufacturer, Minda Industries, posted a 36% jump in Q4 net. The industry is on a roll and the Company may continue to fare well in the next few quarters. A good buy.
🎯 Mangalore Refinery & Petrochemicals, a subsidiary of ONGC, may invest ~Rs.18000 crore to expand its Mangalore refinery. The company deserves higher valuation in view of its high GRMs. Buy for a horizon of two years.
🎯 CESC announced the demerger of its business into four entities to unlock value. Improper understanding of the company’s strategy resulted in the share price to plunge. The stock may rebound soon.
🎯 Karnataka Bank has indicated that it is open to a meaningful takeover or a merger with a bigger entity. Long-term investors will reap handsome profits.
🎯 Gati is set to rise further after resolving certain disputes with foreign currency convertible bond holders.
🎯 Borosil Glass Works is continuously posting good results and with anti-dumping duty now in place, the stock is set to rise further.
🎯 Punjab National Bank gained over 4% at Rs.174.2 at 14:26 IST after it declared PAT of Rs.262 crore in Q4FY17 v/s net loss of Rs.5367 crore in Q4FY16.
🎯 Sangam (India) has stated that its exports are rising and will continue to do so in the rest of the year. A value buy.
🎯 At a time when pharma companies are lagging, Strides Shasun’s Q4 profit zoomed to Rs.131.9 crore from Rs.4.43 crore in Q4FY16. The happy journey is likely to continue in view of its new proposed launches.
🎯An Ahmedabad-based analyst recommends Dynamic Industries, Black Rose Industries, BNK Capital Markets, Balasore Alloys, India Glycols, Ludlow Jute & Specialities, Prime Property Development Corporation and Zee Learn.