STOCK MARKET A2Z

Here are the key highlights: Changes in GST rates of Goods: 1️⃣ Aircraft Parts and Tools: 5% IGST on imports of parts, components, testing equipment, tools, and tool-kits of aircrafts. 2️⃣ Milk Cans: 12% GST on all steel, iron, and aluminium milk cans. 3️⃣ Carton Boxes: GST on cartons, boxes, and cases of paper reduced from 18% to 12%. 4️⃣ Solar Cookers: 12% GST on all solar cookers. 5️⃣ Poultry Machinery Parts: 12% GST on parts of poultry keeping machinery. 6️⃣ Sprinklers: 12% GST on all types of sprinklers, including fire water sprinklers. 7️⃣ Defence Imports: IGST exemption on specified defence items extended until 30th June, 2029. 8️⃣ RAMA Programme Imports: IGST exemption on research equipment/buoys under RAMA programme. 9️⃣ SEZ Imports: Compensation Cess exemption on imports by SEZ units/developers since 01.07.2017.

*20 Microns,* India’s largest producer and supplier of Ultrafine Industrial Minerals & Specialty Chemicals, posted FY24 EPS of Rs. 16. Buy for 25% gain. *Beekay Steel,* a manufacture of quality steel products with 4 plants, posted Q4 EPS of Rs. 19.3 and FY24 EPS to Rs. 68. Buy. *Indian Bank* posted 51% higher Q4 EPS of Rs. 17 and 52% higher FY24 EPS of Rs. 66. Its net NPA is reduced to 0.43%. Buy for 20% gain. *Money Times Talk is part of 'Money Times' publication.bs.*

*Gensol Engg.* secures an additional 250 MW (500 MWh) for GUVNL’s Battery Energy Storage Project taking its total BESS order book to over Rs.3100 cr. Buy. Nandan Denim board approves 1:10 split of equity shares from FV of Rs. 10 to Re. 1. Record date to be announced soon. *Sunshine Capital* achieves debt-free status via equity issue and expands into student loans for Indian’s abroad and explores investments in promising tech & AI. Add. Ebix Inc.'s independent directors approved *Vikas Lifecare's* acquisition plan backed by Eraaya Lifespaces Consortium, which has deposited the required 5% cash to advance the process. Independent Directors of Ebix Inc. approve *Eraaya Lifespaces* consortium's acquisition plan, which includes a remittance of 5% cash deposit to proceed. *Standard Capital Markets* has formed ‘Standard Insurance Broking Ltd.’ as a direct broking subsidiary having obtained NOC and applies for an Insurance Broking License. *Hampton Sky Realty* aims to innovate high-end collaboration in hospitality sector redefining luxury accommodation standards in the region. *GRM Overseas* board approves raising fund through issue of preferential warrants of Rs. 146/ warrant, totaling Rs. 136.50 cr. Buy. *Mangalam Global Enterprises* acquires an edible oil refinery and packaging unit for Rs. 10.87 cr. with capacities of 200 MTPA and 20 MTPA, respectively. Add. *One Point One Solutions* posted strong Q4 earnings with 37.62% revenue growth and best-ever operational performance. Its FY24 EBITDA rose 52.95% YoY to Rs. 56.76 cr. Add. On 15th June MTT, *Premco Global* recommended at Rs 424 touched a high of Rs. 510. *Golkunda Diamonds & Jewellery* posted 82% YoY growth in Q4 operating profit to Rs. 6.75 cr. and trades at a P/E of ~13x with promoters holding 72.8%. Strong growth prospects. *Prima Plastic* valued at a TTM PE ratio of just 9x with ROCE & ROE greater than 15% and Price:book & sales less than 1.3x. A strong re-rating candidate. *Amarjothi Spinning Mills* posted strong Q4 operating profit of R.s 9 cr. It trades at a P/E ratio of ~ 15x. Strong Buy. *Austin Engg. Co*. produces bearings and exports to USA & the EU. It has an enterprise value of just Rs.65 cr. Investor Anil Kumar Goel holds about 2% stake. Add. *Spectrum Talent Management* with Mcap. of Rs 258 cr., trades at 0.25x sales and 1.8x BV. Expect decent returns if 30-35% as sales growth & margin expansion are achieved. *Sukhjit Starch & Chemicals* to touch Rs 1,750 cr. in sales by FY27 with 11-12% EBITDA margins & Rs.90-100 cr. PAT. With MCap of ~Rs .712 cr., significant value appreciation is likely. *Avadh Sugar & Energy* with 31200 TCD crushing capacity, Ethanol 200 KLPD, Power Generation 74 MW trades at a PE of 10x in FY25 Earnings. Buy for 40% gains. *QMS Medical Allied Services* markets medical products, offers education services & expands its outlets. Its trades at 16x FY25 earnings. Buy for 50% gains in 1 year. *Vodafone Idea* prospects improve post-GoI stake acquisition. Recent Rs.18,000 cr. FPO will fund 4G/5G expansion and clear Rs.2,458 cr. vendor dues. Promising future as debt issues resolved & 5G rolls out. Buy. *Jay Kailash*, an Indian snacks co. raised Rs. 11.93 cr. for working capital. With 19.5% RoE & 20.4% RoCE, it has compelling valuations and FIIs hold 3.52% while DIIs hold 5.76%. Add. *Aartech Solonics* manufacturer of electrical machinery with Mcap of Rs.238 cr., shows trunaround results and record orders. It announced 1:2 bonus with expanding facilities at Mandideep & Parwanoo. Add. Raymond Realty, a *Raymond* subsidiary, secures a 2-acre re-development project in Bandra (East), worth Rs. 2,000+ cr. in revenue. Add. *IGL* plans a Rs.1,800 cr. capex in FY25 and commission 80 new CNG stations & 10 CBG plants to boost volume & profitability. Add for potential gains.

*MONEY TIMES TALK* *JUNE 22, 2024* ₹ *As per market veteran*, even an ordinary investor can see index management by big players on expiry days with the Nifty down & Bank Nifty up by 1500+. Seen such an absurd thing for the first time. *Alert*: Fraud and cheating cases are rising. Stay cautious, avoid greed and refrain from joining unfamiliar stock-related WhatsApp, Instagram or Telegram groups, who give promises of bumper profits & handling your trading/investment accounts. *As per technical expert*, the market isn't overbought or oversold, but fear is at an all-time high. While many expect a healthy correction, significant declines in India are unlikely until the Budget. Expect volatile swings from June 24th to 27th; consider using dips during this period to rebuild positions with careful stock selection. *As per market veteran* AI, cloud computing, data processing, coal, cosmetics, defense, electrolyzers, ethanol, export-oriented industries, FMCG, gasification, railways, real estate, selected PSUs and textiles as sectors to watch during dips. Prime Minister's focus on boosting exports aiming for $600 billion by 2030 from $44 billion. Focus on AI, cloud & data storage. *As per market veteran*, market is not your enemy. Success in trading/investment hinges on managing fear, greed & impatience. The fight is against your emotions, not the market. *As per astrology view* some important turning dates are 24, 27 & 28 June 2024. As per market grapevine *Cybertech, Godavari Drugs, HCC, Jain Irrigation, RBL Bank, Shri Bajrang Alliance, Yes Bank* are likely to cross its 52 weeks high. In 25th Nov MTTs, *Bondada Engg.* recommened at Rs.444 touched Rs.2930 - a gain of 560%. In 6th Jan MTTs, *Sika Interplant* recommended at Rs.1395 touched Rs.3548 - a gain of 154%. In 17th Feb MTTs, *Mafatlal Industries* recommended at Rs.146 touched Rs.192 - a new 52 weeks high during the week. In 23rd March, *Amines Plasticizers* recommended at Rs. 158 touched Rs.278 - a gain of 76%. In 6th April MTTs, *Jublilant Pharmova* recommended at Rs.644 touched Rs.770, *GIPCL* recommended at Rs.188 touched a new 52 week high of Rs.270 during the week. In 11th May MTTs, *DCM Shriram Industries* recommended at Rs.195 touched Rs.242. In 18th May MTTs, *ITD Cementation* recommended at Rs.391 touched Rs.497, a life time high during the week. In 1st June MTTs, *Panasonic Carbon* recommended at Rs.515 touched Rs.600, *National Fittings* recommended at Rs.111 touched Rs.135, *Anantraj* recommended at Rs.385 touched Rs.453- a new 52 week high, *RDB Rasayan* recommended at Rs.127.60 touched Rs.157, *Gujarat Intrux* recommended at Rs.321 touched Rs.400 during the week. In 8th June MTTs, *Anantraj* recommended at Rs.391 touched Rs.453, *Denischem Lab* recommended at Rs.172.50 touched Rs.233, *Exicom* recommended at Rs.304 touched Rs.424- a superb gain of 39%, *Godrej Agrovet* recommended at Rs.560 touched Rs.635, *HCC* recommended at Rs.38.31 touched Rs.51.85– a gain of 35%, *ITD Cementation* recommended at Rs.438 touched Rs.497 – a new 52 week high, *Jain Irrigation* recommended at Rs.67.26 touched Rs.84.10 – a new 52 week high, *Morepen Lab* recommended at Rs.48 touched Rs.57.80, *Rudra Global Infra* recommended at Rs.42. touched Rs.53 - a superb gain of 26%, *RVNL* recommended at Rs.374 touched Rs.417, *Vasundhara Rasayans* recommended at Rs.223 touched Rs.256, *Vodafone Idea* recommended at Rs.15.85 touched Rs.17.40, *Vipul Organics* recommended at Rs.170 touched Rs.189, *Va Tech Wabag* recommended at Rs.1082 touched Rs.1220 – a new high during the week. Last week in 15th June MTTs, *Anantraj* recommended at Rs.424 touched Rs.453, *ABM Knowledge* recommended at Rs.133 touched Rs.167 – a gain of 26%, Black Rose recommended at Rs.130 touched Rs.144 - a gain of11%, Crest Ventures recommended at Rs.417 touched Rs.446, *EPACK Durable* recommended at Rs.212 touched Rs.238 – a new 52 weeks high, *HCC* recommended at Rs.48.63 touched new high Rs.51.85, *HFCL* recommended at Rs.118 touched Rs.130, *ITD Cementation* recommended at Rs.469

touched Rs.497, *IOLCP* recommended at Rs.409 touched Rs.425, *Indian Toners* recommended at Rs.286 touched Rs.320, * Indiabulls Housing Finance* recommended at Rs.172 touched Rs.184, *Indiabulls Real Estate* recommended at Rs.139 touched Rs.163 – a new 52 weeks high, *Metro Global* recommended at Rs.143 touched Rs.164, *Rana Sugars* recommended at Rs.26 touched Rs.27.35, *RCF* recommended at Rs.168 touched Rs.228, a mind blowing gain of 36%, *Tarsons Products* recommended at Rs.498 touched Rs.536 during the week. *Cybertech Systems & Software* into Enterprise Cloud Transformation, posted higher PAT of Rs. 22.74 cr. on income of Rs. 221.74 cr., with a 20% dividend for FY24. Foreigners and NRIs hold 26.55% stake. Buy for 30% gains. Indiabulls Real Estate changes name to *Equinox India Developments Ltd*. Keep on radar for good gains. Debt-free *Venus Remedies* posted FY24 NP of Rs. 30.5 cr. on Rs. 13 cr. equity and BV of Rs. 365. Corporate bodies, FPIs, HNIs & NRIs hold 17.09%. It recently won UNICEF & WHO tenders. Buy. *Rudra Global Infra* posted 50% higher FY24 NP of Rs.20.76 cr. It is venturing into Aerospace & Defence with its new subsidiary ‘Rudra Aerospace and Defence Pvt Ltd’. Keep on radar. *Rupa & Co*. profit margin grew 100 bps in FY24, cash flow was strong at Rs. 156 cr. and Net debt fell to Rs.6 cr. from Rs.134 cr. YoY. It declared a dividend of 300%. Buy for decent gains. *Kopran* posted FY24 NP of Rs.50.96 cr. against PAT of Rs.27.23 cr. in FY23- big jump of 87%. Prominent wealth creators hold 2.89 %, HNIs hold 8.80%. It is reducing dependence on China to move towards self-sufficiency. Buy. *Shri Bajrang Alliance,* a contract manufacturer, posted PAT of Rs.40.86 cr. & EPS of Rs 45.40 for FY24. It caters to Jubliant Foods, KFC & Lulu Group for exports and manufactures several food items for Nestle. Cheapest FMCG stock. Buy. *Denis Chem,* producer of sterile intravenous injectables, posted FY24 EPS of Rs 8.04 and declared a dividend of Rs. 2. Its M.Cap: Sales ratio is 0.55x. Dream 11 Varun Daga holds 11.5% stake and FII’s hold 20.74%. Keep track. *Vipul Organics* into pigments and dyes segment is setting up a new 22000 sq. mt. plant in Gujarat, which will significantly enhance its manufacturing capacities. Its Q4 PAT was up 269.10% and its 52-week high is Rs.237. Buy for good returns. *Competent Automobiles* is available at a throwaway valuations of M.Cap of Rs.365 cr. with revenue if Rs.2124 cr., EPS of Rs 45.6, PE of 12.5, Book Value of Rs 557, Price to Book of 1.03, Promoters have almost 75%. Multibagger gains possible. *Midhani* is associated with development of long range subsonic indigenously developed cruise missile by DRDO. All critical materials were developed in mission mode. Keep on radar. *Adani Ports* to enter in Sensex on Monday. *Moschip Technologies* recommended last week, surged from Rs. 200 to over Rs. 320 before correcting to Rs. 280. Dips towards Rs.240 will be a buying opportunity for re-entry. *GOCL Corp* owned by the Hinduja’s, expands into space & defence products while exploring real estate opportunities in Bangalore & Bhiwandi. Smart investors foresee potential multibagger growth, similar to Solar Industries. As India emerges as the largest market for Maggie Noodles & Kit-Kat, *Shri Bajrang Alliance,* a contract manufacturer for Nestle, will benefit big. Its stock at Rs. 260 offers potential yield of 50% in the short-term. *Tata Steel's* penny stock TRF zoomed 150% in less than six months. With key top management changes announced recently including prominent industry names, it's a stock to watch closely. *Sakuma Exports* to consider bonus issue on 1st July and the launch of an ethanol plant in the UK. Co.expected to generate Rs. 400-500 cr. monthly. Add. *Cellecor Gadgets* launches Cellecor Gadgets HK Ltd., a new wholly-owned subsidiary in Hong Kong pivotal for procuring critical components and managing operations. Add.

*Gujarat Gas* plans Rs. 1,000+ cr. capex in FY25 to expand PE & steel pipelines and enhance infrastructure for sustainable energy. Add for medium-term growth. *Action Construction Equipment* plans JV with Japanese construction equipment major Kato and focus on medium-large cranes like truck, crawler & rough terrain cranes. Add. *Tata Technologies* partners with Microsoft for Tata Motors’ InnoVent hackathon and collaborates with BMW Group on automotive software & IT solutions. Buy. *Tata Power* plans 66% higher capex of Rs.20,000 cr. to focus on energy transition & net-zero emissions for 70% capacity from non-fossil-based fuels by 2030. Add. *Swan Energy* approves proposal to establish a unit for IT and AI activities promising excellent future prospects. Add. *Samvardhan Motherson International* plans capex Rs. 5,000 cr. in FY25, setting up 18 greenfield facilities with 70% investment in non-auto sectors. A big positive. Add. *BEL* aims to boost R&D and product design through enhanced collaborations with cos., institutions, academia & experts. Potential for budget-related gains. Add to portfolio. *Emerald Finance* partners with Vasundhra Jewellers Pvt. Ltd. to launch an Early-Wage-Access program to allow employees to access their salaries anytime for financial relief. *Uravi T and Wedge Lamps* to acquire 55% stake in SKL (India) Pvt. Ltd. for upto Rs. 20.1 cr. and venture into the defence sector. *Rocking Deals Circular Economy* partners with Oriana Power Ltd. to boost its solar kit distribution and marketing. *NPST* wins Technoviti Innovation Award 2024 for EvoK Payment Platform as a Service (PPaaS). *Ajooni Biotech* partners with Avalon Energy Group LLC, USA and Avalon Bioenergy Pvt. Ltd., aimed to advance the Moringa project. *Phantom Digital* Effects launches Spectre Post Pvt. Ltd., a subsidiary, to boost its VFX industry presence. This move aims to boost agility, attract clients & capitalize on growth. *IRIS Clothings* opens two exclusive brand outlets in Kolkata and Siliguri, aiming for 15 EBOs in FY25. *Spright Agro’s* Rs.44.87 cr. rights issue at Rs.13.4/share as against Rs. 43.93 closing price on 19th June 2024. The issue closes on 12th July 2024. *V-Marc*, manufacturer of wires & cables, posted FY24 EPS of Rs 11.8 on 129% higher sales of Rs 565 cr., which may lead to FY25 EPS of Rs. 20+. Buy for 30% gain. Cash-rich *IIFL Finance,* a retail-focused NBFC, posted Q4 EPS of Rs 9.7 and FY24 EPS of Rs 45.7 on its equity of Rs. 76 cr. Buy for 30% gain as its trades at a P/E of just 10.6x. *Mahanagar Gas,* a distributor of CNG & PNG in and around Mumbai, posted FY24 EPS of Rs. 130, which may lead to FY25 EPS of Rs. 150+. Buy for 25% gain *LIC Housing Finance* posted FY24 EPS of Rs. 87, which may lead to FY25 of Rs. 100+. A conservative P/E of 8.5x could take its share price to Rs. 850. Buy. *Natco Pharma* posted 43% higher Q4 EPS of Rs. 21.6 and 97% higher FY24 EPS of Rs. 77.3. The promoters hold 50%, MFs 4%, insurance cos. 6%, FIIs 16% and PCBs 2%. A reasonable P/E of 20x could take its share price to Rs. 1546. Add. *Canara Bank* with 9588 branches clocked FY24 EPS of Rs. 16.8. A reasonable P/E of 8.5x could take its share price to Rs. 142. Accumulate. *Golkunda Diamonds,* a leading manufacturer of diamond studded gold jewellery, posted Q4 EPS of Rs. 6.3 and FY24 EPS of Rs. 13.8. Accumulate. *Basilic Fly Studio*, a top VFX studio’s order book and expansion is expected to double its revenue to over Rs. 200 cr. in FY25 with a likely EPS of Rs. 30+. Buy for 25% gain. *Venus Remedies* bags an oncology tender from the WHO-backed PAN American Health Organization (PAHO). Buy for the long term. *Paul Merchants* offers services like Inward Money Transfer, Foreign Exchange, International Business remittances, Tours & Travels posted FY24 EPS of Rs. 177. Buy.

Allotment on ministries: What we know so far (news based). Amit Shah: Home Rajnath Singh: Defence JP Nadda: Health Shivraj Chauhan: Agriculture, Panchayati Raj & Rural Development Nirmala Sitharaman: Finance Nitin Gadkari: Road Transport & Highways Chirag Paswan: Sports and Youth Affairs Jitan Ram Manjhi: MSME Bhupendra Yadav: Environment & Forest Hardeep Puri: Petroleum Kiren Rijiju: Parliamentary Affairs ML Khattar: Power & Housing Sarbananda Sonowal: Shipping & Port Railways & I&B: Ashwini Vaishnav Piyush Goyal: Commerce and Industry I&B, Railways: Ashwini Vaishnav Annapurna Devi: Women and child development HD Kumaraswamy: Heavy Industries and Steel (News Reports)

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BJP led NDA will form a stable government once again Overcome the short term fear, Nothing gas gone wrong These are just short term sentiments No company’s sales, revenue or profit will be affected To generate the alpha such corrections should be utilised to add