SumanSpeaks: The Information Super Highway

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By Sumon Mukhopadhyay - June 30, 2023

Market Mantra In the afternoon trade, the domestic equity benchmark indices reached new intraday highs. The Nifty is currently trading at 19163, up roughly 190.90 points and is hovering around the 19,150 levels. European markets rose, while most Asian markets traded in the green. In this bull market most stocks are likely to rise up. Photo : Swaraja.com The Nifty and the Sensex hit all-time highs in afternoon trade at 19,160.10 and 64,593.74, respectively. Meanwhile, the Nifty_Bank Index also registered its fresh record high at 44,758.45. In an intersting development according to RBI's latest Financial Stability Report, the asset quality of the MSME portfolio of all SCBs showed improvement during FY23 with the gross NPA ratio nosediving from 9.3% in March 2022 to 6.8% in March 2023. At this juncture you need to be patient, pick up good beaten down stocks during market dips and hold on to your positions with appropriate stop losses. #Today most of the stocks in the Adani pac...

By Sumon Mukhopadhyay - June 28, 2023

Market Mantra In early afternoon trade, the benchmark indices extended their advances and set a new record high -- the Nifty 50 index reached an all-time high of 18,982.05 while the Sensex reached an all-time high of 63,948.84. Photo : Just Dial. Meanwhile, this trend was seen in broader market too with the S&P BSE Mid-Cap index rinsing 0.39% while the S&P BSE Small-Cap index gaining 0.30%. The market breadth was strong. On the BSE, 1,866 shares rose while1,471 shares fell. A total of 157 shares remained unchanged. The benchmark indices are now expected to trade flat while the action is likely to be seen in the small, mid and micro cap spaces. #Buy the shares of NDTV Ltd (Rs.229.70) near the CMP for short term targets of Rs.251/Rs.306. SL: Rs.209. Adani group holds a whopping 64.71% stake in NDTV Ltd. It is well known that the Adani has established itself in several Industry verticals, including airports, renewable energy, mining, and data centres, to name a ...

By Sumon Mukhopadhyay - June 23, 2023

Market Mantra The Indian markets are trading with slight loss in absence of any major clue. Meanwhile, the US Fed Chair, Jerome Powell hinted for going to move more slowly in terms of any further interest rate hike. #Buy 3i Infotech Ltd at Rs.35, for short term targets of Rs.41/46, SL: Rs.31.60. The software companies who are into automation should do well in the near future. #The scrip of Central Bank Ltd (Rs.27.90 ) probably completed its correction phase today. With the current set of fundamentals, the stock should double from the current price. Accumulate or average your holding. #The scrip of RTN Power Ltd (Rs.4.80 ) touched Rs.5.05, due to improved Fundamentals. The stock should cross Rs.10 in the coming months. #The share of A2Z Infra Engineering Ltd (Rs.7.56) has been shifted to T - group. However, the company is expected to show a strong come back after few quarters of lackluster performance. Accumulate.

By Sumon Mukhopadhyay - June 19, 2023

The Two Scrips and a Few Points Overseas, Asian stocks are trading lower today as investors await China's rate decision and testimony from US Federal Reserve Chair Jerome Powell for indications on the route ahead. Meanwhile, on June 16, foreign portfolio investors (FPIs) purchased shares worth Rs.794.78 crore, while domestic institutional investors (DIIs) were net purchasers worth Rs.681.33 crore in the Indian equities market. #Buy Central Bank Ltd (Rs.26.70) near the CMP for short term targets of Rs.32/37. Central Bank of India recently said that ICRA Limited, a rating agency has assigned credit ratings for various bonds. The rating agency has assigned "[ICRA]AA- (Stable)" for Basel III Tier II bonds worth Rs 2,000 crores. Further, the filing noted that the rating was upgraded from [ICRA]A+(Positive). It also said that ICRA assigned "[ICRA]AA- (Stable)" to Basel III Tier II bonds worth Rs 1,500 crores and "[ICRA]A+ (Stable)" to Basel III Tier I bo...

By Sumon Mukhopadhyay - June 05, 2023

Winning Strokes The trading pattern of the Singapore stock exchange's SGX Nifty suggests that the Nifty could open with a 40-point gap up. Overseas, Asian equities are up on Monday on expectations that the Federal Reserve would stop rate hikes this month following a mixed US jobs report, while crude oil jumped after Saudi Arabia vowed significant output cuts in July. You now have to pick up good small and mid cap stocks for the upcoming June - September rally. Photo : Equity Bulls. #The stock of Zomato Ltd (Rs.71.15) made an intraday high of Rs.73.20. With this move all the short term targets have been achieved. Book profits and wait for dips to enter. #The stock of Dhani Services Ltd (Rs.34.35) is consolidating at the current ranges. One of companies, Yaari Digital Integrated Services Ltd (Rs.12.90), whose promoter is Sameer Ghelaut, hit the upper circuit last Friday. This is expected to give a positive rub off to the shares of Dhani Serv...

By Sumon Mukhopadhyay - March 26, 2023

Real Estate Sector in India Given their comfortable leverage, consistent rise in location-agnostic demand, and declining inventory levels, most brokerages expect listed real estate majors to get good buying support. According to the real estate data and analytics platform PropEquity, the sector grossed sales of 149 million square feet (msf) in the top seven cities in the October-December quarter (third quarter, or Q3) of FY23 – the High quarterly sales in a decade. Sales grew 34% year on year (YoY) to 412 msf in the nine months ending December. Strong sales, driven by high demand and increased affordability, aided in reducing inventory levels. Unsold inventory levels fell to 839 msf in December 2022, down from 923 msf in December 2021. Besides, many analysts believe that interest rate cycle has probably peaked out. In such circumstances, the prudent investors should buy the stocks of beaten down good real estate companies. P.N: I don't upload the blog too often becaus...

By Sumon Mukhopadhyay - March 24, 2023

Indiabulls Real Estate Ltd: Buy before the merger announcement CMP: Rs.52.50 Market Cap: Rs .2843 Cr Book Value: Rs.80.47 Target: Rs.110 Time Frame: Next Deepawali. Introduction : Indiabulls Real Estate Ltd is one of India's leading real estate enterprises, with a diverse presence in residential projects ranging from affordable to mid-income to premium to super-luxury segments. Geographically, its area of operation is basically concentrated around Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) of India. The Company is one of the leading real estate companies in India, with 17 ongoing projects totaling 44.59 million square feet. It also has commercial development with a leasable area of 25.5 million sq.ft. under construction. It possesses 1424 acres of SEZ land at Nasik Maharashtra. The Company has delivered over 25 million square feet of commercial and residential projects through its SPVs/subsidiaries, including the reno...

By Sumon Mukhopadhyay - March 14, 2023

I continue to remain Bullish in Textile Yarn companies Last week, cotton prices had recorded a sharp decline in India and the world. However, North India’s cotton prices improved yesterday after a crash in ICE cotton on Friday. The domestic cotton prices recovered around 1-2% due to improved buying at lower prices Moreover, Turkey is known as the hub of spinning mills and it got affected by the earthquake. Therefore Indian Mills are receiving more trade enquiries from Turkey as well as European nations. Therefore, the fall in cotton prices from their peak and the China+1 policy will benefit Indian spinning companies. Please continue to hold Nahar Spinning Mills Ltd (Rs.273.35) and Nitin Spinners Ltd (Rs.225.10).

By Sumon Mukhopadhyay - January 29, 2023

Indowind Energy Ltd: Buy CMP: 13.45. Book Value: Rs.25.74. Market Cap: Rs.169 crore. Introduction : Indowind Energy Limited (IEL) has been in the business of power generation through wind mills since its inception in July 1995. It is one of the pioneers in the renewable energy sector and is managed by professions with experience in diverse fields. Shri Bala Venckat Kutti, Indus Finance Limited, and Loyal Credit & Investments Limited are the company's promoters. Over the course of 27 years, the company has consistently grown in this sector. The Company set up its first wind Mill in Tamil Nadu having a capacity of 225 MW. Interestingly, the windmills of the company are situated in the highest wind potential areas in the states of Tamil Nadu and Karnataka. As on date, Indowind Energy Ltd is having 123 windmills having capacity of 49.645 MW spread across the states of Tamil Nadu and Karnataka (Tamil Nadu: 29.55 MW and Karnataka: 20.095 MW). Apart from this anothe...

By Sumon Mukhopadhyay - January 17, 2023

Market Mantra The BSE is now trading at 60,516.48 up 423.51 points (+0.70%), while the Nifty was last seen at 18,007.25 up 112.40 points (+0.63%). However, this green tick in the indices belies the bigger sell off in the broader market. #Today the shares of Zomato Ltd (Rs.50.70 ) broke Rs.52/53 ranges. Hence I would suggest to avoid fresh buying, unless it gives a closing above Rs.52.70. Put SL at Rs.47 on closing basis. I'm finding some pattern in selling. I had tagged SEBI and Mr.Kirit Somaya on Twitter and asked them to look into the matter. Ironically, the shares of Zomato Ltd is getting sold off at a time when Nationwide Lockdowns have been lifted and intense cold is preventing people from going out. In such a weather it is just a no brainer to think that people will order food through mobile, for home delivery. Moreover, 1 Million plus order on the new year day is not a joke. Even if we take a minimum of Rs.10 as the average net margin per order, the profit could be in cror...

By Sumon Mukhopadhyay - January 12, 2023

Market Mantra The benchmark Nifty is down 60.20 points to 17,828.45 after the FPIs went for heavy selling yesterday. However, the Nifty should hold 17,200 on the downside as there are no major negative news on the inflation front. The action should now depend on stock selection, as the days of low hanging fruits 🍓🍓🍑🍑 are probably over. Those who have experience in the market will survive, the rest are likely to burn their fingers. Those who have a portfolio size of around Rs.2 lakhs can join my profit sharing scheme of 60:40, between you and my consultancy. The stocks will be chosen basically on fundamental basis, though technical angle can't also be overlooked. #Accumulate the shares of Nahar Spinning Mills Ltd near Rs.281, for targets of Rs.320/350. SL: Rs.257. Drastic fall in the price of cotton is positive for the textile companies. #The stock of Indowind Energy Ltd (Rs.15.70) hit another lower circuit today probably on the fear that the company would become ...

By Sumon Mukhopadhyay - January 09, 2023

Indowind Energy Ltd: Some thoughts Introduction : Indowind Energy Limited develops wind farms for sale, manages the wind assets, and generates Green Power for sale to utilities and corporates. It also does turnkey implementation of Wind Power Projects, from concept to commissioning. It also undertakes Wind Asset Management Solution for installed assets, including operations, billing, collection of revenue to project customers. Supply of Green Power to Customers. It is also into CERs (Carbon Credit) Sales and Trading. Rights Issue and other details : 1st let me start with Carbon Credits, Indian companies have registered 1,669 projects under CDM and earned 246.6 million credits; another 526 projects were registered under the ‘voluntary’ market and these have earned 89 million credits. Thus, in all, Indian companies got roughly 350 million credits. To begin with, Indian enterprises registered 1,669 projects under the CDM and earned 246.6 million credits; another 526 projects w...

By Sumon Mukhopadhyay - January 06, 2023

Tit - bits *D B Realty Ltd (Rs.91)* has taken the support at Rs.87/88 ranges and is moving up. We can again see the targets of Rs.131/135, as the company is selling its Andheri East land parcel at a whooping Rs.480 Cr. Also, if the media reports are to be believed then it is a takeover candidate by *Adani Group*. As per market rumour, they are likely to name it *Adani Reality*. *A2Z Infra Engineering Ltd (Rs.10)* has tied up with Airtel for installation of telecom infrastructure in India. Accumulate!! *RTN Power Ltd (Rs.4)* the erstwhile Indiabulls Power, an A - grade power company, is struck up in a range. It will however break out of the current levels as its fundamentals are improving constantly. It has two sprawling factories in Amravati and Nashik, the former is *profitable*, while the latter is slowly coming out of debts. *You can start to accumulate once it gives a closing above Rs.4.20.* The *Mukhesh Ambani owned media Behemoth, * TV18 Broadcast Ltd (Rs.37)*...

By Sumon Mukhopadhyay - January 06, 2023

Market Mantra Yesterday, the S&P BSE Sensex, fell 304.18 points, or 0.50%, to 60,353.27, while the Nifty50 fell 50.80 points to 17,992.15 or 0.28%. Today also the Nifty is down 49.65 (0.28%). The indices are going for seasonal adjustments, post a massive Bull run --medium to long term investors need not worry. Investors were concerned after the Dow Jones fell as the US Federal Reserve's December monetary policy meeting increased apprehensions, that the US central bank will continue to raise interest rates in the future. Yesterday, the U.S. stocks sank after economic data showed private payrolls rose more than expected last month and weekly jobless claims fell to a three-month low, pointing to continued tightness in the labor market despite higher interest rates. But the point is that we can't draw such staight forward conclusions, simply by looking at the US Jobs data while ignoring other economic matrices, like job cuts, contraction in the US economy (Two consecutive qu...

By Sumon Mukhopadhyay - January 04, 2023

Market Mantra #Buy the shares of Mukhesh Ambani Company, TV18 Broadcast Ltd near the CMP of Rs.37.20, for short term targets of Rs.41/42, SL: Rs.35. Triggers : Analysts believe that amendments to the new tariff order (NTO 2.0), combined with industry consolidation, will keep broadcasting stocks buoyant in the short term. Furthermore, as raw material costs decline for the majority of business enterprises in the second half of the current fiscal year (H2FY23), it is expected that advertising spending will increase in the following quarters. #Buy the shares of A2Z Infra Engineering Ltd near the CMP of Rs.10, for short term targets of Rs.17/19.

By Sumon Mukhopadhyay - January 03, 2023

A2Z Infra Engineering Ltd: Buy CMP: Rs.10 Introduction : The focus of the A2Z Group has been on Facility Management and Waste Management (Collecon & Transportation) and shall continue to be so. In the EPC vertical, it is focused on executing existing projects and pursued only the projects that present suitable financial terms. In the EPC business, its focus continues to be on the Telecom and Power Transmission & Distribution segments. The company is presently having offices in Nepal, Uganda and Tanzania for global expansion of business. In near future to expand the business operations, the company might open offices in other countries as well. More Coming.......Stay Tuned....🙏🙏

By Sumon Mukhopadhyay - January 01, 2023

Piramal Pharma Solutions Ltd (Rs.16.65): Highly Undervalued? In August last year, the National Company Law Tribunal approved the demerger of Piramal Enterprises' (PEL) pharma business and the simplification of the company's corporate structure. The order paved the way towards creation of two separate listed entities Piramal Enterprises Ltd (NBFC) and Piramal Pharma Ltd (PPL). It is to be noted that the demerger plan of Piramal Enterprises was approved by the company’s board a year ago after PE biggie Carlyle Group invested about $540 million for a 20% equity stake in Piramal Pharma in 2020. Now, let do some simple arithmetic, $540 million = Rs.4428 Cr. This much amount was paid for 20% stake in Piramal Pharma Solutions Ltd (Rs.16.65) by PE biggie Carlyle Group in 2020. Which means the approximate valuation of Piramal Pharma Ltd = Rs.22,140 Cr in 2020 or 3 - years back. Ironically, this is against the current market cap of Rs.13,681 Cr. ================== However, as mentioned ...

By Sumon Mukhopadhyay - December 26, 2022

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...

By Sumon Mukhopadhyay - December 07, 2022

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.

By Sumon Mukhopadhyay - December 06, 2022

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...

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