Tit - bits

#The scrip of Mahanagar Telephone Nigam Limited (MTNL, CMP: Rs.44.07) looks good at the CMP for fresh investment. I have been recommending the scrip since a long time. Those who are still holding can buy in market declines to average their holding price. It is intersting to note that during the last few months there has been a series of revival measures, including:

🧨A service agreement with BSNL from January 2025 for operational synergies, 

🧨Government-backed asset monetization through land and building transfers to clear debt, and a Rs.6,000 crore cabinet-approved package for 4G expansion.  

Further support comes from indigenous 4G-5G stack development, DoT’s directive to prioritize MTNL-BSNL for secure services, and the “Make in India” push coupled with expedited asset transfers and revival packages, positioning the company for financial and operational recovery.

Hereto, the Indian government has provided significant support to MTNL, particularly given that a large portion of its debt—₹27,740 crore in bonds—is backed by sovereign guarantees, meaning the government is obligated to step in if MTNL defaults. Recent reports also indicate a bailout package is being prepared, including loan restructuring and asset monetization to help MTNL manage its financial obligations.

Recently, the MTNL reported that its total financial debt stood at ₹34,577 crore at the end of July. This is slightly higher than the ₹34,484 crore reported at the end of June. Keep a SL at Rs.43.

#Tata Steel, one of the largest integrated steel producers globally, has announced a major capital expenditure (capex) program aimed at scaling up its capacity, modernizing operations, and enhancing efficiency. 

This expansion drive is spread across its Indian operations, with the Kalinganagar and Angul plants expected to see significant investments. The focus remains on sustainability, higher-value steel products, and maintaining global competitiveness.

This move is not only positive for the steelmaker itself but also carries strong implications for its group company TRF Ltd (Rs.326), which operates in material handling and equipment solutions

Q. Why TRF Ltd Stands to Gain?

TRF Ltd specializes in bulk material handling systems, conveyors, and equipment required in steel plants, mines, and power sectors. 

Tata Steel has earmarked ₹15,000 crore for capital expenditure in FY26, with approximately 80% (around ₹11,000 crore) allocated to Indian operations. The rest is for projects in the UK and the Netherlands. Major domestic projects include ramping up the Kalinganagar plant, building an Electric Arc Furnace (EAF) in Ludhiana, and other downstream capacity enhancements.

With Tata Steel expanding its operations, a natural demand arises for:

🔹Material handling systems for moving raw materials and finished products.

🔹Conveyors and crushers to support increased mining activity.

🔹Modernization projects in existing plants requiring upgrades in handling capacity.

Since TRF is a Tata Group company, it is strategically positioned to secure a significant share of contracts related to Tata Steel’s expansion. This ensures steady order inflows and revenue visibility.

#Adani Green Energy Ltd (Rs.977) made an intraday high of Rs.981.55. The stock should trade at double digits in a short time. I had already placed my views on SumanSpeaksPlus. The share might consolidate at the current ranges, before charting the next upmove.

#Meanwhile, my recently recommended Ola Electric Mobility Ltd (Rs.50.20) made an intraday high of Rs.51.50, giving more than 20% in a short time.

You should book partial profits and hold the rest with a SL at Rs.47.