Winning Strokes The Indian stock indices tanked ferociously on the last two days of Trading on renewed fears of the rise in Covid-19 cases,C in China and elsewhere. On last Friday, the BSE Sensex closed at 59,845.29 down 980.93 points (-1.61%), while the Nifty ended the day at17,806.80 down by a massive 320.55 points (-1.77%). However, the Covid-19 fears were too much exaggerated and the selling basically came from the panic stricken retail investors, since DIIs were net buyers to the tune of Rs.3398.98 Cr, while FIIs net sold Rs.706.84 Cr. This week we are expected to resume, 2nd phase of the much anticipated rally which fizzled out last week. The Indian media channels should be careful before showing events on sensitive issues. Their irresponsible behaviour in the last week caused immense pain to the retail investors. However, the things are not that gloomy as was projected by the media channels last week. We're probably at the last phase of US rate hike cycle. This month, the F...
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FCS Software Ltd: Buy CMP: Rs.3.05 FCS Software Solutions Limited offers software development, marketing, and support services to corporate business entities in India and the United States. Photo : FCS Software. FCS Software Solutions reported the following consolidated quarterly numbers for the third quarter of 2022: In September 2022, net sales were Rs.9.13 crore, a 12.55% increase from Rs.8.11 crore in September 2021. Quarterly net profit increased by 2807.18% to Rs. 0.53 crore in September 2022, compared to Rs.0.02 crore in September 2021. In September 2022, EBITDA stands at Rs.2.01 crore, up 47.79% from Rs.1.36 crore in September 2021. FCS Software Solutions had ₹218.1 million of debt at March 2022, down from ₹246.1 million a year prior. On the flip side, it has ₹43.8 million in cash leading to net debt of about ₹174.3 million or Rs.17.43 Cr only. Buy the shares of this microcap software company near the CMP for targets of Rs.4.8/Rs.6.5/7/9.6. SL: Rs.2.60.
Brightcom Group Ltd: Buy CMP: Rs.32.75 T: Rs.41/46 Key Highlights: September, 2022 quarter results: 💥 Revenue : ₹16.8b (up 53% from 2Q 2022). 💥 Net income : ₹3.21b (up 51% from 2Q 2022). 💥 Profit margin : 19% (in line with 2Q 2022). 💥 EPS : ₹1.59 (up from ₹1.22 in 2Q 2022). Net profit of Brightcom Group rose 51.16% to Rs.320.68 crore in the quarter ended September 2022 as against Rs.212.15 crore during the previous quarter ended September 2021. Photo : Zee Business . Sales rose 52.48% to Rs.1683.07 crore in the quarter ended September 2022 as against Rs.1103.78 crore during the previous quarter ended September 2021. Blocal exchange and Brightcom video player, the two new product technology introductions, early this year have started contributing significantly to the overall business growth. Photo : The Economic Times. Ace investor Shankar Sharma, holds substantial stake in the company. Company Profile: Brightcom Group is a global provider of comprehensive online or digital mar...
Parsvnath Developers Ltd: Buy CMP: Rs.7.35 Parsvnath Developers Ltd (Rs.7.35) is well - known name in the real estate sector for over 30 years. They have a reputation for converting desolate areas into lovely green belts with top-notch residential, business, and even recreational buildings. With a pan-India presence in over 13 states and 37 cities, Parsvnath Developers Ltd is growing steadily, building dreamscapes - be it beautiful residential spaces, state-of-the-art commercial complexes, budget housing, luxurious shopping malls and hypermarkets, etc. Meanwhile, Parsvnath Realcon (PRPL), a wholly owned subsidiary of Parsvnath Developers, had started construction of its project Parsvnath Paramount situated at Subhash Nagar, New Delhi last year and it plans to complete the project within FY23. Parsvnath Paramount consists of five towers including one separate Tower of EWS, having total 87 residential units in four towers and 45 units in EWS Tower. The company now owns 100% stake in...
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Patel Engineering Ltd: 2nd Quarter 2023 Results Net profit of Patel Engineering rose, a m assive 282.31% to Rs.26.15 crore in the quarter ended September 2022 as against Rs.6.84 crore during the previous quarter ended September 2021. Sales rose 23.27% to Rs.893.05 crore in the quarter ended September 2022 as against Rs 724.45 crore during the previous quarter ended September 2021. Patel Engineering, is a Premier Bombay based civil construction Company, specialising in the hydropower sector. Key Financial Highlights : 💥 Revenue : ₹9.23 billion (up 27% from Q2FY22). 💥 Net income : ₹261.5 million (up 282% from Q2FY22). 💥 Profit margin : 2.8% (up from 0.9% in Q2FY222). The increase in margin was driven by higher revenue. 💥 EPS : ₹0.53 (up from ₹0.15 in 2FY22). In September, 2022, there was an announcement that Patel Engineering Ltd (Rs.19.10) has allotted 1,25,52,800 equity shares at issue price of Rs.25.36 each for cash at par aggregating to Rs.31.83 Cr Afrin DIA - Category...