Sridhar Balakrishnan 🇮🇳🏆💰

, 203 cr. from Signatureglobal (I), which may lead to FY25 EPS of Rs.25.

*Visco Trade Associates*, a non-banking financial co. posted H1 EPS of Rs.12.2, which may lead to FY25 EPS of Rs.22+. The share is available at a forward P/E of just 4.5x.

*DCB Bank* posted 25% higher Q1 EPS of Rs.5, which may lead to FY25 EPS of Rs. 21+. Share trades at a forward P/E of 5.4x v/s the industry average P/E of 16x for the private banks.

*International Conveyors* posted Q2 EPS of Rs.4.2 and H1 EPS of Rs.9.3, which may lead to FY25 EPS of Rs.16 on its small equity of Rs 6.3 cr. The share trades at a forward P/E of 5x.

Debt free *IST,* posted 46% higher Q2 EPS of Rs.40.4 and 44% H1 EPS of Rs.85.6, which may lead to FY25 EPS of Rs.150+. Share trades at a forward P/E of 6.3x v/s the industry P/E of 40.5x.

*Money Times Talk is part of 'Money Times' publication*

ndia's growing market strength and independence.

The key difference between winning and losing traders lies in mindset. Winning traders maintain a positive outlook, treating every trade as a learning opportunity. Their success comes from continuous learning, adaptation and using outcomes as feedback to improve strategies.

Market veterans expect the BJP-led alliance's landslide win in Maharashtra to reignite investor interest in PSU banks, defence, railways and infrastructure. With confidence running high, the government is likely to adopt aggressive policies supporting a bull run post-correction ahead of the Budget followed by higher stock-specific activity.

The NDA government’s decisive victory is expected to clear market uncertainty following the Lok Sabha elections. Analysts anticipate strong demand in infrastructure, railway and banking stocks shifting focus from defence to more aggressive plays.

*Mercury EV Tech* posted stellar Q2FY25 results with PAT surging 169% YoY to Rs.159.69 lakh as revenue rose 252.55% and EBITDA growing by 118.85% YoY to Rs.242.29 lakh.

*Univastu India* posted stellar Q2FY25 results with sales of Rs.42.39 cr. and PAT doubling to Rs.4.05 cr. backed by Rs.32.4 cr. funding and Rs.14.14 cr. order driven by India's infra boom.

*Jay Kailash Namkeen* posted H1FY25 PAT of Rs.0.81 cr. vs. Rs.0.05 cr. YoY and entered B2C with a retail store. It also secured a key Haldiram order, showcasing strong growth potential.

*Rudra Global Infra Products* plans Rs.190 cr. solar and Rs.20 cr. casting capex targeting Rs.1000 cr. turnover and promising growth post-market recovery.

*Nath Bio Genes*, trading at a low P/E of 10x vs. industry average of 30x and expects FY25 growth driven by new product launches offers 50% potential returns in a year.

*Electrosteel Casting* with a 5-year CAGR of 32% and trades at 10x FY25E earnings looks attractive with the potential to deliver 50% returns within a year.

*AVP Infracon* secures Rs. 33.19 cr. sub-contract from M/S. CDR & Co. Constructions for upgrading the 48.48 km Thanjavur-Trichy section of NH-67 in Tamil Nadu.

*ANI Integrated Services* posted 99% YoY growth in H1FY25 net profit of Rs. 4.08 cr. with total income rising 23.93% to Rs. 109.22 cr.

*Praveg* partners with Lallooji & Sons as the Master Franchise to market and book 400 luxury tents for Rann Utsav 2024-25.

*AVG Logistics* allotted 2,30,000 equity shares to promoter Sanjay Gupta at Rs. 222.60 per share raising its equity capital to Rs. 14.72 cr.

*Emerald Finance* teamed up with Aleer Lifesciences to launch an Early-Wage-Access program for instant salary access.

*Osia Hyper Retail* posted 42.48% YoY growth in H1FY25 total income to Rs. 682.25 cr., PAT grew 17.73% to Rs. 9.97 cr. and EPS rose 27.94% to Rs. 0.87.

*Sree Rayalaseema Hypo Strength* posted 37% higher Q2 EPS of Rs.14.7 and H1 EPS of Rs.25.6., which may lead to FY25 EPS of Rs.55. It trades at a forward P/E of 13x v/s industry P/E of 54x.

*Style Baazar Retail,* a value fashion retailer, added 18 stores in Q2 bringing the total to 184. It earned H2 cash profit of Rs. 34 cr. on sales of Rs. 587 cr., making it a promising long-term play.

*Arkade Developers* posted Q2 net profit of Rs.43.4 cr. and FY24 EPS of Rs.122.8 cr. with strong long-term growth potential in Mumbai’s premium residential market.

*Cigniti Technologies* owned by Coforge, posted Q2FY25 EPS of Rs.19.4, which may lead to FY25 EPS of Rs.62+ offering strong gains.

*Aditya Birla Money* posted 121% higher Q2 EPS of Rs.4.7 and 101% higher H1 EPS of Rs.7.6, which may lead to FY25 EPS of Rs.18. The share trades at a forward P/E of 9x.

*Canara Bank* posted Q2 EPS of Rs.4.6 and H1 EPS of Rs.9.1, which may lead to FY25 EPS of Rs.20 from Rs.16.8 in FY24. The share trades at a forward P/E of just 4.7x.

*Styrenix Performance*, a leading global styrenics supplier posted 47% higher H1 EPS of Rs.74.7, which may lead to FY25 EPS of Rs.140+ indicating a strong upside potential.

*Capacite Infra Projects* posted 125% higher Q1 EPS of Rs.6.3 and secured orders worth Rs.1

06%.

In 2nd March MTTs, Indraprastha Medical given at Rs.185 touched Rs.490 - a gain of 162%.

In 16th March MTTs, Ritco Logistic given at Rs.223 touched Rs.423, a gain of 90%.

In 13th July MTTs, Deep Inds., given at Rs.318 touched Rs.534 - a gain of 68%, Kitex Garments given at Rs.216 touched Rs.679 - a superb gain of 214%.

In 21st September MTTs, Sharda Crop Care given at Rs.538 touched Rs.832 - a gain of 55%.

In 26th October MTTs, Multibase India given at Rs.252 touched Rs.565 - a mindblowing gain of 124% in less than 1 month, Tyche Ind. given at Rs.180 touched Rs.230.

In 9th November MTTs, PIX given at Rs.1683 touched Rs.2430 - a superb gain of 44% in less than 9 days during the week in highly negative market sentiments.

Last week in 16th November MTTs, Banco given at Rs.840 touched Rs.1131 - a gain of 35% in just 4 days, Cochin Minerals given at Rs.370 touched Rs.386, Dcal given at Rs.212 touched Rs.238, GGAuto given at Rs.154 touched Rs.164, HFCL given at Rs.127 touched Rs.132, Hindustan Adhesive given at Rs.426 touched Rs.450 & still looks very good, ITHL given at Rs.617 touched Rs.648, IPCA Lab given at Rs.1537 touched Rs.1606, Lactose given at Rs.169 touched Rs.175 & still looks good, Nahar Polyfilms given at Rs.256 touched Rs267, PFC given at Rs.455 touched Rs.479, 100% dividend paying Shawgeltin given at Rs.348 touched Rs.354 & now at Rs.344 looks good, Sika Interplant given at Rs.2397 touched Rs.2510 & now at Rs.2446 looks good, Somi Conveyor given at Rs.161 touched Rs.174, Sree Rayalaseema Hi-Strength Hypo given at Rs.667 touched Rs.728, SNL Bearings given at Rs.396 touched Rs.413 & now at Rs.401 looks good, Wabag given at Rs.1674 touched Rs.1729 during the week in a highly negative sentiment.

Focus on BSE SME stocks like *Jayant Infratech, Camex, Denis Chem, Hind Adhesive, Lactose, Mangalam Drugs & Organics, Narmada Gelatines, Sika, Shawgeltin, Srhhypoltd and SNL* for short-to-medium-term gains. Develop a strategy to maximize wins and minimize losses—rinse and repeat.

Debt free *Denis Chem Lab’s* Q2FY25 posted 70% higher PAT of Rs.3.53 cr. v/s PAT of Rs.2.08 cr. in Q1FY25, which may surpass its 52week high of Rs.233.

*Lactose (I)* posted 151% higher Q2 PAT & 144% higher H1 PAT of Rs 4.30 cr. with an EPS of Rs 3.42. It plans to issue 15 lakh convertible warrants at Rs.174, offering potential 2x returns.

*Sika Interplant Systems* posted 26.22% higher H1 PAT of Rs 10.83 cr. with Rs 105 cr. in reserves. At Rs 2446, it is attractive compared to its 52-week high of Rs 3548.

*SNL Bearings* posted 36% higher H1 PAT of Rs 5.21 cr. with a PE of 15.6x. At Rs 401, it is attractive given its 52-week high of Rs 514. It paid a dividend of 70% for FY24.

*Narmada Gelatines* posted H1 PAT of Rs 7.83 cr., which may lead to FY25 EPS of Rs 27. At Rs 343, it is attractive given its 52-week high of Rs 460. It paid a dividend of 100% in FY23 & FY24

*Jayant Infratech,* a leader in infrastructure electrification, posted H1 PAT of Rs 2.84 cr. with 47.3% CAGR over the last 5 years. At Rs. 138, it is attractive given its 52-week high of Rs 344.

*Hindustan Adhesives* saw 152% PAT rise to Rs 5.37 cr. with an EPS of Rs 14.65 for H1. Its strong growth & expansion make it appealing at Rs 539 with potential to reach Rs 565–610.

The story of the elephant perfectly captures the essence of recent IPOs. Initially, the excitement and promises are high—like the multimillionaire’s purchase. But as time passes, the reality sets in: what seemed like a great investment can quickly turn into a burden with unexpected challenges. Investors should be cautious when chasing IPOs based on hype as long-term outcomes may not align with early expectations.

FII ownership in Indian stocks has dropped to a 12-year low, now holding just 15.98%. Meanwhile, DIIs have grown their stake to 16.46% with the combined share of DIIs, retail investors and HNIs at 26.04%. Despite FPI outflows globally, India’s market strength is bolstered by domestic institutional and retail investors, reducing reliance on foreign capital. This shift signals I

*Money Times Talk*

*23th November 2024*

₹

Although Money Times recommendation have outperformed other media, stock brokers and research houses, the brief recommendations under Money Times Talk (MTT) cannot display ‘BUY’, ‘SELL’ or ‘HOLD’ recommendations. Readers should, therefore, exercise their own judgement and evaluate the future prospects of the stock given its past performance, industry prospects in the backdrop of a growing economy and in consultation with their investment adviser.

As per a mmarket veteran, avoid upgrading your lifestyle too quickly after booking fast stock market profits, as losses could strain your finances, mindset and performance.

Over 34 years, the Nifty 50 has seen 48 corrections of 5%+, 7–9% dips yearly, 10–20% every 3–4 years and 20%+ every 4–5 years.

Record-breaking 38th session of FII selling: FIIs offloaded Rs.40,948 cr. in November 2024 totalling Rs.1,66,394 cr. since 27th Sept. SEBI’s varying rules, negative stances of big players and government policies deepened the sell-off leaving portfolios, including balanced hybrids, in the red. While holding cash is sensible, lack of corrective measures leads to long-term damage. The blame lies more with SEBI, MFs and big players than the FIIs themselves.

Important points for next 3-4 months: 1. The next 3-4 months may bring high volatility and unexpected turbulence for investors. 2. Avoid selling your portfolio; focus on rebalancing with future themes. 3. Accumulate growth stocks gradually without haste. 4. Avoid FNO and strictly avoid margin trading facilities. 5. Stay away from penny/garbage stocks. 6. Focus on growth stocks with strong order books in tailwind sectors. 7. Don't panic over news or events; stay focused on your strategy.

Behaviour Management in a Falling Market: 1. Stay Calm: Avoid panic selling, as it often leads to poor decisions. 2. Rebalance Portfolio: Align asset allocation with goals and risk tolerance. 3. Stick to Your Plan: Follow your financial plan and avoid changing risk profiles due to market swings. 4. Think Long-Term: Treat equity as a long-term investment for financial growth. 5. Set Realistic Goals: Expect around 12% returns (Real GDP + inflation) from equities. 6. Limit News Exposure: Reduce stress by focusing on reputable sources, not sensational headlines. 7. Avoid Social Media: Stay clear of negative sentiment to avoid impulsive actions. 8. Mental Health Matters: Don’t check portfolios daily; stay positive. 9. Get Help if Needed: Consult professionals for sound investment planning.

As per market veteran, never break these financial rules: 1. Avoid borrowing for trading/investment. 2. Don’t let your emotions drive decisions. 3. Steer clear of F&O; it destroys wealth. 4. Prioritize assets over liabilities. 5. Never overtrade for quick wealth.

Someone asked a veteran investor, "When is a good time to buy?" The veteran replied, "You're looking in the wrong place for a good time." The stock market is full of regret—buy when prices fall, sell when they rise and always feel that you acted too late. Focus on long-term goals, as no one can perfectly time the market.

As per market veteran, never sell your winners to average out your losers. Doing so will only lead to a team of losers with you as the leader.

The Nifty rose from 7600 in March 2020 to 26277 in September 2024 - a gain of 18670 points, with only 2800 points (15%) falling so far. A healthy correction of 31.8% (5937 points) would lead the Nifty to 20340 and testing the 21281 low from 04/06/2024 could form a strong chart pattern. The market rewards brave and intelligent investors—fight with brains, not brawn!

As per astrology view some important turning dates are 25 & 28 November 2024. As per astro view expect stock-specific volatility until the end of November.

In 6th January MTTs, NSE SME S J Logistic given at Rs.190, touched Rs.725 - a superb gain of 282%.

In 27th January MTTs, Essen Specialty Films given at Rs.219 touched Rs.730 - a superb gain of 233%.

In 10th February MTTs, Univastu given at Rs.134 touched Rs.276 - a gain of 1

AUROBINDO PHARMA: CO HAS ENTERED INTO LICENSE AGREEMENT BETWEEN A GLOBAL PHARMA MAJOR AND AUROBINDO PHARMA USA INC A WHOLLY OWNED SUBSIDIARY

*GJ 12 Bhuj Nifty +695* ✈️

Trading @ 24549

TIME TECHNOPLAST ; Company has received an APPROVAL from the Nodal Agency, Petroleum and Explosives Safety Organization (PESO) for the manufacture and supply of HIGH- PRESSURE TYPE-3 FULLY WRAPPED FIBRE REINFORCED COMPOSITE CYLINDERS (6.8 Litres).

These HIGH-PRESSURE CYLINDERS WILL FIND USAGE FOR STORING HYDROGEN TO POWER FUEL CELL DRIVEN UNMANNED AERIAL VEHICLES AND DRONE APPLICATIONS.

Time Technoplast becomes India’s first company approved to manufacture Type-3 composite cylinders for hydrogen fuel cells, UAVs, and drones. The company is developing additional sizes, reinforcing its commitment to "Make in India" and sustainable green energy. This follows their June 2024 approval for Type-4 composite cylinders for hydrogen storage and transport.

Type-3 composite cylinders outperform conventional batteries with a higher power-to-weight ratio, enabling longer flights, higher payloads, and less frequent charging. Made with advanced materials, they offer an efficient, eco-friendly alternative to traditional power sources.

PERFORMANCE FOR THE WEEK

NOTIONAL ACCRUALS FOR THE WEEK ₹ 462,105

My Futures & Options educational trades for the week 18.11.24 to 22.11.24 (truncated week)
(My trade guidelines - appended below - apply. Please consult your financial advisor).
#stockmarket

FUTURES

APOLLOTYRE cmp 474.55 buy upto 460.00 stop 454.00 target 491.00 / 504.00+

Entry : 464.00 to 492.65

Profit : 48,705

BEL cmp 281.30 buy upto 273.00 stop 268.00 target 298.00 / 304.00+

Entry : 277.80 to 285.50

Profit : 21,945

BIOCON cmp 337.55 buy upto 324.00 stop 319.00 target 351.00 / 360.00+

Entry : 325.20 to 331.00

Profit : 14,500

DIXON cmp 14925.00 buy upto 14580.00 stop 14400.00 target 15500.00 / 15800.00+

Entry : 14743.00 to 15477.50

Profit : 36,725

JUBLFOOD cmp 610.20 buy upto 594.00 stop 585.00 target 644.00 / 660.00+

Entry : 604.05 to 645.55

Profit : 51,875

LUPIN cmp 2018.80 buy upto 1960.00 stop 1938.00 target 2105.00 / 2200.00+

Ennrt : 1996.00 to 2075.00

Profit : 33,575

NATIONALUM cmp 220.15 buy upto 209.00 stop 202.40 target 233.00 / 247.00+.

Entry : 223.70 to 259.00

Profit : 132,375

POWERGRID cmp 315.25 buy upto 303.00 stop 298.00 target 332.00 / 340.00+

Entry : 310.20 to 336.95

Profit : 48,150

*OPTIONS*

HINDALCO ce620 cmp 16.50 buy upto 8.00 stop 4.50 target 28.00 / 36.00+

Entry : 25.95 to 45.00

Profit : 28,000

SBIN ce800 cmp 17.50 buy upto 9.00 stop 5.00 Target 33.00 / 45.00 +

Entry : 13.70 to 26.00

profit : 9220

TATAPOWER ce400 cmp 12.50 buy upto 5.00 stop 2.50 target 24.00 / 35.00+

Entry : 8.00 to 20.60

Profit : 17,010

WIPRO ce560 cmp 14.90 buy upto 6.00 stop 3.00 target 27.00 / 35.00+

Entry : 3.55 to 16.90

Profit : 20,025

NOTIONAL ACCRUALS FOR THE WEEK ₹ 462,105

Please note (a) best entry of
Monday is taken (b) the high/low achievement of the week is taken for calculating notional profits (c) sl on closing basis.

Disclaimer
The above trades are given for educational purposes only and i am not responsible for any loss or profit. All can try these trades on paper to learn better. Performance updates will be posted only for academic purpose.

Garware Technical Fibres Exploring $20-Million Acquisition In Europe, Says CMD

Garware Technical Fibres Ltd. is actively on the lookout for an overseas acquisition worth about $20 million, said Chairman and Managing Director Vayu Garware. The top executive, speaking to NDTV Profit, said that since it will be the company's first ever acquisition, the size may not be big. “We will continue to look at the opportunities of M&As (mergers and acquisitions).

Size will not
initially be very large. We're looking at the $20-million range. It's very easy for us to digest,” he said.

However, there are a few prerequisites that the company looks for before acquiring a business. “It should be a business we understand well, products we understand well, and things that we can add value (to). That's a very core part of our strategy for acquisition,” Garware said.

He said that the company’s focus for this (acquisition) will remain outside India, “probably Europe”.

“A large part of our business is in Europe. Many of our customers also want us to be closer to them. For example, there have been so many challenges in the global supply chain. That's been one of the key drivers. So, yes, Europe is probably our primary target right now,” Garware explained.

The CMD asserted that there will be no impact on the return on capital employed due to a future acquisition. “If there is an acquisition that is significant, then we'll have to see at that time. But, in the normal capex, no,” he said.

Going forward, the company is “looking at aggressively growing”, and it is increasing its capital expenditure to meet this goal.

“We have good opportunities, including in value-added growth space, in some of these areas where we're increasing the capex,” Garware revealed.

The top executive further noted that the focus of his company was “always on profit growth”. Elaborating, he said, “So 20% profit growth is something that is very much on our plan. And we hope that we will be close to that.”

“This quarter, particularly, we've really been driven by the global aquaculture business as well as our geosynthetic business. The infrastructure investment in India driven hard by the government has been a very positive area for us, including soil reinforcement structures and things like that. So we are quite bullish on that area,” Garware noted.

HOS

Bhuj Nifty +444


Trading @ 24351

Praj jumps 9% after management expects 300% revenue growth by 2030 

According to the latest filings with the stock exchanges, Praj Industries is targeting growth in several sectors, including sustainable aviation fuel (SAF), biopolymers, and energy transition & climate action (ETCA). The company is also expecting its revenues to increase three-fold or by 300% by 2030. 

The company’s Chairman stated that the traditional oil and gas market will continue to attract new investments, estimated at Rs. 21 lakh crore globally over the next 10 years.

This will drive substantial demand for modularization solutions for setting up plants in these key sectors. 

He further highlighted that to meet this demand, Praj has developed strong engineering capabilities in modularization and has set up an advanced manufacturing facility in Mangalore, Karnataka. The plant, built with an investment of ~Rs. 400 crores across 123 acres, is projected to generate annual revenues of Rs. 2,000-2,500 crores at the optimum level. 

The management stated that Praj Industries’ current annual revenues are around Rs. 3,400 crores, with a goal to reach Rs. 10,000 crores by 2030.

At present, the share of exports is around 29 percent, and the company aims to increase this share to 50 percent by 2030. 

Financials: 
Praj Industries reported a marginal decline in revenue from operations, experiencing a year-on-year decrease of nearly 7.5 percent, falling from Rs. 882 crores in Q2 FY24 to Rs. 816 crores in Q2 FY25. 

Similarly, during the same period, the company’s net profit decreased from Rs. 62 crores to Rs. 54 crores, representing a decline of around 13 percent YoY.

Key Financial Ratios: 
In terms of key financial metrics, Praj Industries has a Return on Equity (RoE) of 23.3 percent and a return on capital employed (RoCE) of 29.3 percent. Additionally, the company’s debt-to-equity ratio stands at 0.13. 

SJVN

The company signed an MoU with the Rajasthan Energy Department to spearhead the development of renewable energy in the state. Under the MoU, SJVN would develop 5 GW pumped storage projects and 2 GW floating solar projects in the state.