Winning Strokes

The BSE Sensex is trading at 57,377.73 up 447.17 points (+0.79%), while the Nifty was seen trading at 17,084.20 up 128.75 points (+0.76%). The Nifty is likely to test 17500/18100 in the coming days. However, 16600 level is very important, on the downside. Photo: The Print.

#Buy the shares of IRB Infrastructure Ltd near the CMP of Rs.210.20. The company has a whopping order book position of Rs.19,210 crore. IRB Infrastructure has already completed and commissioned the 124 km long Agra Etawah BOT project with a cost outlay of around Rs.3,044 crore in UP. It is currently in the final stages of completing and commissioning its 99 km long Hapur Moradabad BOT project with cost outlay of around Rs.3,345 crore.

Meanwhile, the Competition Commission of India (CCI) earlier approved the acquisition of up to 16.94% equity share capital of IRB Infrastructure Developers Limited (IRB /Target) by Bricklayers Investment Pte. Ltd. (GIC Investor/Acquirer).

Besides, IRB Infrastructure Developers Ltd raised Rs.5,033 crore last year from listing its InvIT. 

Financials: The company's consolidated net profit came at Rs.42.31 crore in the quarter ended September 2021 as against a net loss of Rs.19.66 crore during the previous quarter ended September 2020. Net sales rose 30.4% on Y-o-Y basis to Rs.1,465.24 crore in Q2 FY22.

The shares of the company has a P/E of 26.25 against the Sector P/E of 38.06. The Book Value per share is Rs.196.35.

#Suzlon Energy Ltd (Rs.7.85) made an intraday high of Rs.8.15. The stock is currently trying to hold the crucial level of Rs.7.80, from where it fell last time.

#A2Z Infra Engineering Ltd today made a high of Rs.8. The stock should safely sail through Rs.10. Accumulate!

#The stock of Shriram EPC Ltd (Rs.8) is doing well today. It now has a foreign promoter, who is likely to provide enough liquidity for EPC projects. The company earlier had a high pedigree -- a part of the reputed Shriram Group. The current management is even better. We know FERA companies command high valuations. Hence, we can look for targets of Rs.35/40, in the coming months. Accumulate!

Bombay Rayon and Fashions Ltd (Rs.6.90) will hold its 28th AGM on 31/12/2021. The things are likely to get more clearer post AGM. The production is going on in full swing in both (Boisar West, Mumbai Metropolis and Bangalore) the factories of the company. 

💢Buy the shares of Orissa Mineral Development Corporation Ltd (OMDC) at around Rs.2300/Rs.2400, for short term targets of Rs. 2750/3400 and Oriental Trimex Ltd near the CMP of Rs.11 for short term targets of Rs.15/17.

After easing of Covid-19 restrictions, the mines have started to operate at full steam. This is evident from the September quarter results of OMDC. I'm Bullish on mining ⛏️ companies.