Winning Strokes

The major indices are down in the 2nd consecutive day. The BSE Sensex was seen trading at 59,979.54 down 402.42 points (-0.61%), while the Nifty was last seen at 17,887.15 down 123.90 points (-0.65%). However, there's bullishness in selective pockets, which will get directly benefited due to ongoing festival season. The prudent investors should buy good stocks at reasonable valuations in this market. Photo: Mint

#I have taken some shares of Trident Ltd at Rs.39.50. Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer in India. It is one of the largest players in home textile space in India.

The company's consolidated net profit declined 37.5% to Rs.129.35 crore despite of 13.3% rise in net sales to Rs.1,679.90 crore in Q1FY23 Vs Q1FY22.

While there are significant headwinds for the textile sector in the near term, a downward trend in cotton prices, easing of the supply chain, and government measures to combat inflation point to a much better 2HFY23 for the industry.

Despite a poor first quarter, management remains optimistic about the sector's medium to long-term demand as a result of various government initiatives.

The ongoing festival season is expected to increase the sale of company's products.

#My recommended Mawana Sugars Ltd (Rs.94) made a high of Rs.96.45, today. Hold with a SL of Rs.91.

#The shares of the construction Behemoth, Dilip Buildcon Ltd (Rs.242) made an intraday high of Rs.245.25.

The Order Book of Dileep Buildcon Ltd (Rs.241)  as of June 2022, stood at a whopping Rs.25, 160 Cr (~2.8x FY22 revenue), with Rs.61000 Cr worth order inflow (OI) in Q1FY23 (Vs FY23 OI guidance of Rs.8,000-10,000 Cr).

Segment-wise, 47/22.4/16.6/9% of the OB comprises Road & Highways/Mining/Irrigation/Tunnel projects. 

Client-wise, the central/state government orders account for 78/22% the OB. DBL has revised FY23 OI guidance at Rs.10,000 - 12, 000 Cr.o

Government order gives stability of earning to the company.

#My recommended, restaurant stock Zomato Ltd (Rs.64.60) made a high of Rs.64.80. Post lifting of lockdowns, the restaurant and entertainment shares are expected to give superb returns. 

Do you remember my recommendation of Imagicaworld Entertainment Ltd (Rs.33.60)

 at Rs.3.65, during the end of Rs.2020. Check the 52 - week high price, which it made this year....🙂🙂

#The stock of RTN Power Ltd (Rs.5.05) hit another seller freeze today. After a long upmove, this is just a technical adjustment. There is absolutely no problem in this profit making company. 

However, the investigating authorities should find out why the shares of this profit making company is trading below its Face Value in this Bull market, while Anil Ambani controlled Reliance Power Ltd (Rs.21) having a debt of more than Rs.20,000 Cr is trading at such a high price...Who are the operators involved in this counter?