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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 200 6 Turnaround Watch · EPC SEPC Ltd (₹6.54): From Stressed Asset to Strategic Platform Debt down from a peak of ₹907 crore to ₹351 crore. Two SAIL orders worth ₹1,527.89 crore landed inside eight weeks. A Dubai-headquartered promoter that bailed the company out of an RBI stressed-asset restructuring is now backing an ADNOC-linked entry into the Middle East. This is what a real turnaround looks like when you actually read the balance sheet instead of the ticker. 1 The Arc: From a ₹300 IPO to a Stressed Asset to a Rescue SEPC Ltd listed in February 2008 as Shriram EPC, priced at ₹300 a share, raising ₹150 crore under the Shriram Group — one of India's most recognised financial-services names, then led by T Shivaraman...
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  Today's Call and Other Information   #Buy the shares of Adani Wilmar Ltd near Rs.375/Rs.377, for intraday target of Rs.383.15 (Upper Circuit) and Rs.457 an Rs.660 for the short term. Billionaire Gautam Adani's flagship entity Adani Enterprises on Thursday approved the demerger of the company's food FMCG business to Adani Wilmar. "It is believed that the proposed demerger will unlock the direct value of the demerged company’s shareholders into the resulting company and allow a focused strategy and specialization for sustained growth for enhanced value, which would be in the best interest of all the stakeholders and the persons connected with the aforesaid companies," Adani Enterprises said in an exchange filing. Photo : Value Research. #According to my sources, there are some good news for the shareholders of Debock Industries Ltd (Rs.7.60).   After the exit of one of the promoters, now the business has shifted to the pragmatic hands of the gentleman, Mr.Manveer...
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  Today's Call and Other Information #By the shares of KFC India operator Devyani International Ltd (Rs.181.06) for targets of Rs.109/Rs.117. SL: Rs.172.  The company remains optimistic about witnessing a recovery over the next few quarters and is confident of reaching 2,000 stores by the end of calendar year 2024. Photo : Devayani International Ltd. #The morning call on J P Associates Ltd (Rs.8.44) saw it hit the Upper Circuit. The call was given when the scrip was at Rs.8.40.  T₁: Rs.12, T₂: Rs.17. There is as such NO major negative news in the counter, except the debt overhang.  Now Fresh Bidding will take place for its cement division. #The shares of 63 Moons Technology Ltd (Rs.384) is consolidating around the current ranges. It needs to give a close above Rs.387, for further upmove. #The shares of Swan Energy Ltd (Rs.759.30 ). I had earlier give a target of Rs.1000, when it was available around Rs.210. #The stock of BLB Ltd (Rs.18) can spurt anytime from now...
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Porinju Veliath: The Downfall of His Boldest Stock Call Porinju Veliath, the charismatic stock market maven whose predictions in the mid, small, and micro-cap spaces once enthralled investors and traders on Indian bourses, has seen his star fall faster than a penny stock in a rising bull market. That's the price you pay for excesses in the share market. 💢Remember GVK Power & Infrastructure? At Rs.6.34, it’s making new 52-week lows. Porinju, in his heyday, boldly forecasted a target of Rs.27/29. Alas, the stock barely touched Rs.17, despite his relentless endorsements on various business channels. Sure, it hit an all-time high of around Rs.80 some 15 years ago, but those glory days are long gone. 💢The Hyderabad - based power and infrastructure company GVK Power & Infrastructure, dabbling in power, roads, urban infrastructure, bio-science, hotels, and manufacturing, was once heralded by none other than Porinju Veliath as the next Rs.1,00,000 crore giant. Fast forward to tod...
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  Winning Strokes: Think Different   The Indian markets are on a roll, after the Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 which focused on employment, skilling, MSMEs, and the middle class. The rally in the coming days is expected to become more broad-based -- picking up momentum in the small and mid cap space. The two very important development we witness in the budget 2024 are: 💢Provision of Rs 11.11 lakh crore (3.4% of GDP) for capital expenditure. 💢Aiming to reduce the fiscal deficit below 4.5% next year and and maintaining a declining central government debt-to-GDP ratio from 2026-27 onwards. Proposing an investment of Rs 10 lakh crore, including Rs.2.2 lakh crore in central assistance, over the next five years under PM Awas Yojana Urban 2.0 to address the housing needs of 1 crore urban poor and middle-class families. This is positive for the real estate companies which are into affordable housing. Post Budget 2024, the mutual fund managers...
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JP Associates Ltd (Rs. 8.50) and Buyer Freeze Syndrome JP Associates Ltd has been enjoying a series of Buyer Freezes lately. Interstingly, when stocks surge, everyone becomes a market sage armed with lofty targets coupled with an array of postive vibes.  But when they stumble or when the share starts hitting continuous Seller Freezes, it's all doom and gloom out there in the bourses — a phenomenon Rakesh Jhunjhunwala famously called "Analysis Paralysis."  I've seen this play out with my earlier recommendations too like: Premier Explosives Ltd at Rs.29/30, Suzlon Energy Ltd at Rs.6, Swan Energy Ltd at Rs.210, and Wockhardt Ltd at Rs. 170, to name a few. These stocks have turned into multi - baggers over time.  Incidentally, the real issue arises when some folks in stock market start comparing option trading gains to equities—apples and oranges, guys! Don't get confused! Meanwhile, some of you have asked me, about JP Associates Ltd’s targets. Honestly: 💢 I have no...
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  BLB Ltd (Rs.18.05): An E merging Opportunity in the Share Market Recent intel from my reliable sources in Delhi indicates that the proposed open offer price of Rs.22.50, which surfaced in January 2024, was ultimately rejected by both parties due to procedural and other undisclosed issues.  However, these setbacks have not deterred the company's outlook, as it is poised for a promising performance starting this quarter, according to the sources who preferred to remain anonymous. By the way, as the shares of numerous brokerage houses are climbing in sync with the Sensex, this particular stock has the potential to be a standout performer. It is advisable to accumulate this stock close to the company, as it is expected to gain momentum imminently. Photo : Economic Times, March 2024. Price Targets: 💢First Target: Rs. 32 💢Second Target: Rs. 37 So, dear investors, it appears the stage is set for this stock to steal the spotlight and dance its way up the charts. Keep an eye on it,...
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The recent Telecom Tariff Hike was comparable to what money would have earned in Bank FDs.. Interest charged by banks and financial institutions is like a premium on your idle money, or in simpler terms, it's the rent you pay for letting your money change locations from your pocket to theirs. Recently, telecom companies hiked their tariff plans after a three-year pause, much to the chagrin of many Indians. However, these recent hikes, ranging from 17-19%, coupled with the natural growth in data usage thanks to the 5G wave, are expected to push the industry average revenue per user (ARPU) to a decade-high of Rs.225-230 by fiscal 2026, up from Rs 182 in fiscal 2024, according to CRISIL Ratings. Photo : The India Times . CRISIL Ratings also noted that, along with a reduction in capital expenditure due to fewer network investments following the completion of 5G roll-outs and limited spectrum renewals, the return on capital employed (RoCE) will improve. This will support deleveraging in...
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  Today's Call  #Buy the shares of 63 Moons Technology Ltd (erstwhile Financial Technical Ltd) near the CMP of Rs.350, SL: Rs.342, T: Rs.421.  63 Moons Group is radically transforming from a traditional fintech company to a leading-edge technological enterprise. This evolution focuses on emerging technologies, including blockchain, digital assets, cybersecurity, artificial intelligence (AI) and legal tech.  63 Moons Technologies Ltd is transforming from fintech to tech enterprise, focusing on blockchain, AI, and cybersecurity. Key initiatives include 63 SATS, 3.0 Verse, and QiLegal.   Photo : AngelOne As mentioned above, the company has forayed into new verticals which will take the scrip to new highs. 63 moons Technologies offers consultancy, computer programming, and related services. It is a global leader in supplying technical intellectual property (IP) and domain expertise for the development and trading of advanced financial markets. These markets are des...
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  Today's Call Introduction : BLB Limited specializes in 'Jobbing and Arbitrage,' known for its strong capital commitment and deep understanding of market dynamics and structure. The company's main business is trading and investing in shares and securities. BLB Limited is a corporate member of the National Stock Exchange of India Limited (NSE). Buy the shares of BLB Ltd near the CMP of Rs.19.50, for targets above Rs.27. According to ICICI Securities, here are the strengths of the company: 💢 Rising Net Cash Flow and Cash from Operating activity. 💢Company with Low Debt. 💢Increasing Revenue every quarter for the past 2 quarters. Photo : Nirmal Bang. In a significant development in January, 2024, Dream Achiever Consultancy Services Private Limited, purchased 1.37 crore fully paid-up equity shares from public shareholders at a price of Rs.22.60 per share through an open offer. The total expenditure incurred by Dream Achiever Consultancy on this open offer amounted to Rs 3...
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  Today's Call Introduction : Ashoka Metcast Ltd is a part of a diversified business group having interests in several sectors, which include: Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate.  Its flagship Group Company - Gujarat Natural Resources Ltd  is engaged in the business of Oil & Gas exploration and production. The company is listed in the BSE. Buy the shares of Ashoka Metcast Ltd near Rs.20.40/Rs.20.50, for short term targets of Rs.32/37. Financials : Market Cap: Rs.50 Cr. EPS : Rs.2. TTM P/E: 10.10. Industry P/E: 44.24. Book value: Rs.41.83. Ashoka Metcast Ltd's March, 2024 quarter's Financial Performance:  Ashoka Metcast's net profit increased by 185.60% to Rs.3.57 crore in the quarter ending March 2024, compared to Rs.1.25 crore in the same quarter of the previous year. During the same period, sales went up by 104.62% to Rs 39.39 crore, from Rs.19.25 crore the previous year. For the full year ending March 2024, the net pro...
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  Today's Call #Re - enter the shares of Vodafone Idea Ltd (Rs.17.41) near the CMP for short term targets of Rs.22 and Rs.28. After the tariff hike and a bounce from Rs.17.30, the stock is looking attractive Moreover, Nuvama expects an inflow of $ 254 million through the passive funds. Also, Vodafone Idea, 5 other stocks expected to enter MSCI index, as per a recent report in Economic Times. Meanwhile, JM Financial is bullish on Vodafone Idea as they see the telecom space remain in pink after the recent price hike. The stock has witnessed a bump in volumes in the last 3 months along with a bullish pole and flag pattern set up, says the research firm. The analysts gave a target of Rs.24/28 for the stock. Amar Deo Singh, Head Advisory at Angel One on Monday said the telecom companies will gain from the recent tariff hike as they have not raised tariffs since 2021.  For Vodafone Idea Ltd (VIL), the analyst said the stock has been like a "slow and steady" performer recen...
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Front Running and Swan Energy Ltd (Rs.192.15) Accumulate the stocks from distress selling.... Front-running is an illegal and unethical practice where someone trades in shares based on advance information from a broker, dealer, analyst, or other executive at a market intermediary in their personal accounts, before the trades are executed by that entity.   Photo : The Hindu BusinessLine. After the name of Swan Energy Ltd, got entangled with Quant Mutual Fund, selling has been witnessed in the counter, especially yesterday when it fell more than 4% in intraday trade, closing near the days low.  It is to be noted that around 100 stocks out of the basket consisting of 178 that are part of the portfolio of Quant Mutual Fund ended lower, post Moneycontrol's report on Sunday that mentioned SEBI's search and seizure operations on the premises of the fund house. The operation was conducted across two locations – Mumbai and Hyderabad. Quant Mutual Fund is owned by Sandeep Tand...
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  Today's Calls #Buy the shares of P C Jewelers Ltd (Rs.50.40) near the CMP for targets of Rs.61/67. The company has come up with better Bottomline in March, 2024 quarter. It is raising Rs.2000 crore debt through rights issue and private placement. Photo : Just Dial. On June 26, 2024 the price of 10 grams of gold was ~Rs.72,000. Pure 24-carat gold was valued at Rs.72,220 per 10 grams, while 22-carat gold was priced at Rs.66,240 per 10 grams, indicating a drop in price. At the same time, the price of silver dropped to Rs.91,600 per kilogram. #The share of Vodafone Idea Ltd (Rs.18.04) made a new 52 - week and reached my 1st Target of Rs.18. Book some profits and wait for dips to enter. #The stock of Parshnath Developers Ltd (Rs.13.70) moved to Rs.13.80. The company came up with satisfactory March quarter results. Accumulate for targets of Rs.17/22.  #The scrip of J P Associates Ltd (Rs.9.92 ) made an intraday high of Rs.10.25 yesterday. Accumulate for targets of Rs.17/19. #Ac...
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  Swan Energy Ltd (Rs.618.65): Buy Target : Rs.1000+ Time : 9 to 12 months. One of the most influential businessmen in NaMo's India is someone you likely haven't heard of much. If you search for Nikhil V. Merchant online, you'll struggle to find a photograph, profile, interview, or even a quote from the entrepreneur in his fifties. However, his close ties with Narendra Modi are well-known among the top ranks of the Bharatiya Janata Party (BJP) and its government in Delhi. Photo : Instgram . While other corporate giants make headlines, the promoter of a relatively obscure company, who is believed to have Midas touch, Swan Energy Ltd, is genuinely enjoying "Achche Din" as public sector firms eagerly seek to do business with him. Swan is led by Nikhil Merchant and his father-in-law, Navinbhai Dave, who purchased it from the Goenka group in 1991. Swan Energy Limited is an Indian business enterprise that operates in the petrochemical, textile, real estate, and energy i...
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  Today's Calls #You can take fresh entry at Paytm Ltd near the CMP of Rs.404.75, T: Rs.441, SL: Rs.392.  There are media reports about Zomato Ltd (Rs.195.50) being in talks with Paytm for acquiring the latter’s movies and event ticketing business. Both the companies confirmed the development but said that the talks were at preliminary stages and no binding agreement was signed. This if happens will be a win - win situation for both the companies. If you remember, I recommended Zomato Ltd near Rs.53, which turned out to be a multibagger. There is rumour of Gautam Adani group, in talks with Paytm Ltd to take a substantial stake in the company. The Economic Times reported on June 16, 2024 that Zomato is looking to acquire Paytm’s movie booking and events unit, in a deal that may value Paytm’s vertical at around Rs.1,600-1,750 crore. Post the addition of receivables from cinema exhibitors, the valuation could go up to Rs.2,000 crore, according to that report. #The stock of Indo...
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  Today's Call #Accumulate the shares of Zee Entertainment Enterprises Ltd near the CMP of Rs.155 for targets of Rs.170 and Rs.197.The short term correction seems to be over in the scrip.  #The shares of Sarthak Industries Ltd (Rs.25.50) have not moved up since a long time. This quarter results of the company is expected to be better than Q4FY24. #Accumulate the shares of Eros International Media Ltd (Rs.20.68 ) near the CMP for targets of Rs.27/31. The season of the media sector has already kicked off. #The stock of IDFC First Bank Ltd (Rs.83.40) made an intraday high of Rs.83.94. The stock was recommended around Rs.78 on Twitter (X) last week. #Buy the shares of Parsvanath Developers Ltd (Rs.14) for short term targets of Rs.19/21. If you remember, I have been recommending the scrip since it was around Rs.7/8. In the Q3FY24 the company came out with good results. The topline increased by 223.41% & the loss decreased by 89.75% YoY. As compared to the previous quarter the...
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  Today's Call Buy the shares of Jaiprakash Associates Ltd (J P Associates Ltd) near the CMP of Rs.11.21, for short term targets of Rs.19/21. SL: Rs.9.70. Founded by Jaiprakash Gaur, the group experienced rapid growth from 2000 to 2006, benefiting from surges in real estate and infrastructure. Jaypee Power Ventures Ltd and the group’s engineering and construction arm, JP Associates Ltd, saw their revenues increase significantly, with annual growth rates of 26.92% and 32.08%, respectively, from 1999-2000 to 2014-15. However, during this period their debts also grew substantially, increasing by 40 times and 20 times, respectively. Recently, the Allahabad bench of the National Company Law Tribunal (NCLT) directed initiation of insolvency proceedings against debt-ridden Jaiprakash Associates (JAL). The insolvency plea against the company was filed by ICICI Bank and State Bank of India in 2018 and 2022 respectively. Pronouncing the order, a two-member NCLT bench, comprising members Prav...
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Coffee Day Enterprises Ltd (Rs.57.30): Buy Coffee Day Enterprises Ltd (Rs.57.50) is engaged in the trading of coffee beans. The company owns and operates a resort and renders consultancy services. It is also engaged in the coffee business which ranges from procuring, processing and roasting coffee beans to retailing coffee to domestic and overseas customers. Coffee Day Enterprises Ltd has seven subsidiaries: 💢Coffee Day Global,  💢Tanglin Retail Reality Developments,  💢Tanglin Developments,  💢Giri Vidhyuth (India),  💢Coffee Day Hotels & Resorts,  💢Coffee Day Trading and  💢Coffee Day Econ. As per media reports, Prashant Jain, the former MD and CEO of JSW Energy, has bought a stake in in Coffee Day Enterprises Ltd, through his personal fund Tikri Investments. He picked up 40 lakh shares, translating to 1.89% stake in the company. The shares were bought at Rs.70.94 apiece, which is much higher than the CMP. Photo : Business Today.
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  Today's Calls India's retail inflation, though exceeded the central bank's target of 4%, has remained within the 2-6% tolerance range for nine consecutive months. Last week, the RBI maintained the policy rate at 6.5%, indicating that interest rate cuts may be delayed as the central bank waits for inflation to stabilize. According to data from the statistics ministry, retail inflation based on the consumer price index (CPI) dropped to 4.75% in May from 4.83% in April, marking the lowest rate in a year. This moderation was driven by slower price rises in food items like meat, fish, dairy products, vegetables, and spices. Inflation has remained below 5% since March. Food inflation, which constitutes nearly 40% of the overall consumer price basket, rose 8.69% year-on-year in May, slightly down from 8.70% in April. Food prices have remained high for over a year, largely due to last year's uneven and below-normal monsoon rains. Food inflation has consistently stayed above 8...
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  Today's Call Buy the shares of Dhanlaxmi Bank Ltd near the CMP of Rs.42.50, T: Rs.47, SL: Rs.37.  A non-performing asset (NPA) is a debt that remains overdue and unpaid for a specified duration.  Trendlyne Data reports that in Q4FY24, Canara Bank, Punjab & Sind Bank, Bandhan Bank, and Central Bank of India experienced the most significant reductions in NPAs. The net NPA ratio of Dhanlaxmi Bank stood at 1.25% in Q4FY24, Vs 1.27% in Q3FY24. Dhanlaxmi Bank recorded a net profit of Rs.57.82 crore for the financial year that ended on March 31 (FY24) against Rs.49.36 crore in net earnings received in the previous year. The operating profit for the period came to Rs.69.26 crore. Total business reached ₹24,687.21 crore from ₹23,205.38 crore, registering a growth of 6.39 per cent. Total Deposits reached ₹14,290.31 crore from ₹13,351.65 crore, a growth of 7.03 per cent. CASA’s share of total deposit was 30.66 per cent. Retail term deposits registered a growth of 9.17 per...
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