2023-01-12 10:55:36
TOWER TALK 12/1/23 @stocksniftysensex
63 Moons Technologies to provide software support services to Multi Commodity Exchange of India for another six months to 30 June 2023. Add at declines.
Savita Oil Technologies posted 20% higher Q2 EPS of Rs 10.1 and 15% higher H1 EPS of Rs 23.2, which may take FY23 EPS of Rs 48. Buy this potential blue-chip share for 30% gain.
HFCL has orders worth Rs 95.4 cr. from Reliance Projects & Property Management Services for the supply of optical fiber cables to be executed by February 2023. Add for long term.
Borosil has commenced commercial production of opal ware glass at its Jaipur plant, which has additional capacity of 42 TPD for opal ware glass. Buy.
Safari Industries’ subsidiary Safari Manufacturing has commenced its additional commercial production of luggage at the Halol factory in Gujarat. Buy for the long term.
Karnatak Bank’s Q3 CASA is up 10% to Rs 26,991 cr. while advances rose 12.4% to Rs 63,658 cr. Based on its robust H1 performance, the bank may notch FY23 EPS of Rs 37 and its share may cross Rs 350 mark at a P/E of 10x.
MSTC (Metal Scrap Trading Corpn.), a PSU with 64.8% govt. holding, notched H1 EPS of Rs 16.8 as against FY22 EPS of Rs 28.3 and may post FY23 EPS of Rs 40. Buy for 30% gain.
PNC Infratech’s subsidiary, Akkalkot Highways, to construct 6 lane highway under Bharatmala Pariyojna in 912 days. Buy for the long term.
GSFC has notched 72% higher H1 EPS of Rs 15.8, which may result in FY23 EPS of Rs 30+. Marketmen expect a big boon for the agro-industry in the ensuing Budget. Buy for steady appreciation. @stocksniftysensex
PGIM India Mutual Fund bought 3.07 lakh shares of Somany Ceramics from the open market at an average price of Rs 499. Long-term investors can evince interest in this counter.
With the pre-marketing of ‘HP Durapol’ brand of polymers, Hindustan Petroleum has forayed into the petrochemicals business. Buy for 20% gain.
At an investment of Rs 2,614 cr., SJVN’s 382 MW Sunni dam hydroelectric project in Himachal Pradesh will generate 1,382 million units annually after 63 months. Grab for 20% gain.
The market grapevine has it that Orient Cement may be taken over by the Adani Group. Buy the share for medium-term gain. @stocksniftysensex
Ircon International has bagged Rs 400 cr. order from the Ministry of Railways and a Rs 122 cr. railway project in Sri Lanka, which will boost its FY23 performance. Add.
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