TWT Technical
رفتن به کانال در Telegram
Disclaimer: -Our writer is SEBI Registered Research Analyst -We are not responsible for any loss/profit as we are recommending calls for educational purpose. -Anyone doing trade should consult their advisor before entering into it. -Support id @TWTSupp
نمایش بیشتر986
مشترکین
اطلاعاتی وجود ندارد24 ساعت
اطلاعاتی وجود ندارد7 روز
اطلاعاتی وجود ندارد30 روز
آرشیو پست ها
*Money Times Talk - September 24, 2023*
The new capex cycle will drive double-digit growth in the banking sector. With PSU banks undervalued and private banks commanding higher intrinsic values, *banking stocks* will attract investors.
With a P/E of 4.5x and FY24E EPS of Rs.82+, add *Canara Bank* for 30% gains.
*Karnataka Bank* notched 225% higher Q1 EPS of Rs.11.8, which may lead to FY24 EPS of Rs.46+ as against FY23 EPS of Rs.37.7. Add.
*DCB Bank* notched 31% higher Q1 EPS of Rs.4.1, which may lead to FY24 EPS of Rs.18.5+ as against FY23 EPS of Rs.15. Buy for hefty gains.
*Glenmark Life Sciences* is focused on Growth, RoCE and Net cash positive. The promoters hold 83% stake and it notched 25% higher Q1 EPS of Rs11.1 and FY23 EPS of Rs.38. Add.
Some funds have bought large chunks of *Karur Vysya Bank*, which notched 55% higher Q1 EPS of Rs.4.5 that may lead to FY24 EPS of Rs.20 from Rs. 13.8 y-o-y. RBI has also allowed HDFC Asset Management to acquire up to 9.5% in it. Buy for hefty gains.
*Chamanlal Setia* notched 23% higher Q1 EPS of Rs.5.3, which may lead to FY24 EPS of Rs.30 as against FY23 EPS of Rs.22.7 on its small equity of Rs.10.4 cr. Add for 30% gains.
*ITL Industries* notched Q1 EPS of Rs.5.7, which may lead to FY24 EPS of Rs.28+ on its small equity of Rs.3.2 cr. Traditionally, its second half is better. Add for 30% gains.
*Paul Merchants* notched 20% higher Q1 EPS of Rs.133, which may lead to FY24 EPS of Rs.530 as against FY23 EPS of Rs.490 on its small equity of Rs.1 cr. Buy for 30% gains.
*Ashoka Buildcon* has won jobs worth around Rs.646 cr. from MEDCL for reduction in the loss of power in the transmission of electricity. Add.
*Venus Remedies* has received a nod from Serbia for its Gemcitabine, Docetaxel taking the total 511 marketing approvals for its oncology products in 66 countries. Add for the long term.
In this market, which is scaling newer peaks, this is the best time to add *GSFC* that stands to gain due to the urea export restriction in China. Add.
Caplin Steriles, a subsidiary of *Caplin Point Laboratories*, has received USFDA approval for norepinephrine bitartrate injection. A big positive. Add.
*Torrent Pharma* is in talks with Apollo Global to raise up to $1 bn to fund the Cipla acquisition. Add.
*Maharashtra Scooters* has fixed 29th Sept as the record date to pay the interim dividend. Add.
*GMDC* is ready for a fresh bull run. There are reports that it will go full throttle to locate and mine Lithium. Add.
*HAL* is one of the strongest defense companies and the IAF plans to induct six more early warning aircraft ‘Netra’ which it is developing. A big positive. Add.
*Nestle’s* noodle brand ‘Maggie’ is making a big come back in the Rs.10 price range. Add in small lots.
*NTPC* is searching for battery minerals in various countries to gain a big foothold in the local markets. Add on dips.
*Bank of Maharashtra* and IREA have signed an MoU for financing renewable energy projects. A big positive. Add.
*Mannapuram Finance* plans to raise Rs.1000 cr. via NCDs on a private placement basis to augment liquidity. Add in small lots.
*Aksh Optifibre* shows signs of revival after receiving orders from Jaipur Development Authority. Risk bearing investors may add with strict stop loss limits.
*Glenmark Pharma* has divested 75% stake in Glenmark Life Sciences to Nirma for Rs.5652 cr. These funds will be used for other business purposes. An open offer may also be triggered. Add.
*IRB Infrastructure* announced that its special purpose vehicle (SPV), Samakhiyali Toll, has achieved financial closure for its Saakhiyalai - Satalpur BOT project. A big positive. Add.
*Thermis Medicare* plans to split its share to FV of Re.1 which will improve liquidity and stock price may move up in sympathy. Add.
*Samvardhana Motherson* has received AAA stable rating from credit agencies for its proposed NCD issue. Add on dips.
World Bank member, IFC, to address the acute shortage of affordable housing in India and has tied-up with *Sunteck Realty*. Buy.
Nifty spot major support 19666 if this level breaks & closes then the fall can continue till 19250, for bulls to come back to action Nifty should trade abv 19800+
May stocks witness cool off as it had run ahead of fundamentals & technically were highly over bought in charts...
Frankly the markets are cat on the wall..19666-19800 becoming no trade zone
May Lord Ganesha remove all obstacles from your life and bless you with success and prosperity. Happy Ganesh Chaturti!
*Union Bank CMP: 96.1*
Union Bank is on the verge of a breakout on Daily Charts. It has closed at the Weekly Resistance Zone near 97. Next Week could start with a Gap Up on Monday in this counter followed by a Bullish Rally
🌟Revised Targets: 105 & 115
🌟Trailing Stoploss: 86
*Disclaimer⚠️*
•We are *Not SEBI Registered*
•Admins are not responsible for any profits or losses as this is *Not a buy call and Just For EDUCATIONAL PURPOSES ONLY🗒️*
