Winning Strokes

The BSE Sensex was seen at 52,516.84 up 216.37 points (+0.41%) while the Nifty50 was trading at 15,789.95 up 52.20 points (+0.33%). The markets are likely to consolidate around the current ranges, with not much downside seen in the near term.

#Buy Patel Engineering Ltd near the CMP of Rs.15.30/Rs.15.35, for short term targets of Rs.21/29/32. 

Patel Engineering's work includes tunneling, underground works for hydropower generation, irrigation and urban infrastructure projects.

One time settlement with its lenders and good order book positions is likely to take this Re.1, F. V. scrip to above Rs.50 in the medium term and Rs.100 in the medium to long term.

Also, Patel Engineering Ltd is one of the companies which saw the highest increase in DII holdings in percentage terms in the last quarter. 

#The shares of Future Retail Ltd hit the upper circuit at Rs.60.05. As mentioned umpteen number of times, the scrip is likely to cross Rs.100, by this Deepawali.

#The stock of Yes Bank Ltd (Rs.14.40) today moved to Rs. 15 and is now consolidating around Rs.14.40 - 15 ranges. Break out is likely to happen very soon. Accumulate on declines.

The private lender Yes Bank Ltd on Thursday said that is board of directors have approved raising up to Rs.10,000 crore by the issue of debt securities. If it can really raise this amount, the scrip will cross Rs.150 - I mean 10x current CMP. Just have a little patience. 

#BCPL Railway Infrastructure Ltd (Rs.51.95) is a growing infrastructure company. The stock should slowly move towards Rs.100.

Financials:

BCPL Railway Infrastructure Limited on 14th May, 2021, announced its financial result of FY21 and Q4 of FY21.

The Company has been able to post significant improvements in its EBIDTA margin which has improved by almost 40% during the FY21 as well as Q4FY21.

Revenue from operations during the Q4FY21 saw a jump of 36%, Y-o-Y basis. However, the overall Revenue from operations for the full year FY21 suffered a setback of almost 35% because of the pandemic.

The Board of Directors has recommended a Dividend of Re.0.7 per share (7%) as compared to 6%,previous year. Total pay out towards dividend would amount to Rs.1.17 crore.

BCPL Railway Infrastructure Ltd has been able to record a net cash accrual of Rs.16.70 crore during the FY21. The corresponding figure for FY20 was a net outflow of Rs.5.55 crore.

Some points:

In January 2021, Indian Railways achieved the highest freight loading of 119.79 million tonnes, surpassing its previous record of loading 119.74 MT freight in March 2019.

The Indian Railways earned Rs.10,657.66 crore (US$ 1.44 billion) from freight loading; this increased by Rs.449.79 crore (US$ 61.13 million) or 4% compared with Rs.10,207.87 crore (US$ 1.38 billion) in the same month previous year.

In November 2020, India Railways announced that 40% of dedicated freight corridor (DFC) will be opened for traffic by end-FY21, while the entire 2,800 km route will be completed by June 2022.

#My recommended Reliance Capital Ltd (Rs.20.35) from below Rs.10 to recent re-recommendation at around Rs.13.35 (on 27 May, 2021) on this blog hit another consecutive buyer freeze. Congratulations to those who entered the stock, reading my blog posts.