Tower talk By VR Advisors Date 14 June 2020

Tower Talk

  1. Panacea Biotech has partnered with US based Refana Inc. in the development, manufacture and distribution of an experimental Covid 19 vaccine, the human trials of which are expected to start soon. A big buy.
  2. Vedanta reported consolidated loss before tax at Rs.15,269 crore for Q4FY20 on the back of lower commodity prices because of the covid breakdown. Although the share looks cheap, it’s better to exit before it is delisted. Sell.
  3. RITES has won an order for a detailed project report and pre-construction activities to construct highway tunnels across Darcha-Padam road (NH-301) across HP and Ladakh. Add.
  4. M&M has issued unsecured, redeemable non-convertible debentures for Rs.500 crore on a private placement basis. The Company is facing liquidity issues and profits are tumbling. Book profits at higher levels.
  5. The promoters of IndusInd Bank are hiking their stake in the bank via open market dealings. A positive for the company.
  6. Graphite India posted a consolidated loss of Rs.7 crore in Q4FY20 as against net profit of Rs.562 crore in Q4FY19. Sell now and review later.
  7. BHEL, an integrated power plant manufacturer with over 1,90,000 MW of power plants supplied globally, has just commissioned a 270 MW thermal unit at the Bhadradri Thermal Power Project in Telangana. Start accumulating this PSU.
  8. Adani Green has bagged a manufacture linked solar agreement from the Solar Energy Corporation of India (SECI). This company is a good long-term bet. Add.
  9. Traditional immunity drugs (such as Ashwagandha and Jeshtimadhu) are in demand. Dabur and Ajanta Pharma may be big long-term beneficiaries. Add
  10. OMCs are rebounding on correction in crude oil prices. Buy IOC.
  11. PFC plans to raise up to $ 750 mn by overseas bonds to meet is refinancing needs. This Navratna PSU (which now also owns REC) must be added.
  12. YES Bank may raise up to Rs.10,000 crore via a FPO. Wait for a good time to enter at lower prices.
  13. Cupid has received a repeat order from the Government of Tanzania to supply male condoms worth Rs.23.61 crore. This small cap pharma company can be added for long term gains.
  14. Dishman Carbogenics seems to be on a dream run. Three upper circuits and still going strong. Something is cooking. Risk bearing investors may enter selectively.
  15. Hester Bio is reportedly close to launching a Covid vaccine in India. A big opportunity for investors. Add.
  16. Indian Hotels posted a 38% fall in NP of Rs.76 crore amid the pandemic closure. The tourism industry is likely to remain subdued for a long time. Stay away.
  17. As PE investors flock to pick up a stake in Jio Platforms, RIL will be debt free earlier than targeted. Buy Reliance Industries for the long term.
  18. GSK will be a big beneficiary as its parent launches a Covid vaccine shortly. Accumulate this stock gradually.
  19. Mahanagar Gas’ NP jumped 25% to Rs.166.59 crore on 5% fall in net sales to Rs 686.55 crore in Q4FY20. PBT grew 9.7% to Rs.224.72 crore in Q4 FY20 from Rs.204.86 crore in Q4FY19. A good long term bet. Add.
  20. Welspun Corp has resumed production at its pipe & coating plant at Dammam in Saudi Arabia. The share available at a steep discount to its 52-week high of Rs.233 on 11 Feb 2020 is a strong Buy.
  21. IT company, Expleo Solutions (ESL) from Expleo Technology GMBH (former SQS Software Quality Systems AG) has signed over 10 new clients and won back two of its past clients and posted a Q4FY20 EPS of Rs 13.5 and FY20 EPS of Rs 38.5. The share could advance by 30% in the medium-to-short term. Buy.
  22. Sterling & Wilson Solar, a Shapoorji Pallonji company, is a pure global play with presence in 26 countries and 4.6% global market share, is attracting investors as its maiden Solar PV project in Oman is commissioned. Accumulate.
  23. Andhra Pradesh-based, zero-debt Auflouride Ltd produces high purity Aluminium Fluoride (AlF3) and other products with Swiss technology, is expected to notch an EPS of Rs.18-20 in FY20. Buy.
  24. Some analysts strongly recommend EPC Mahindra given its results and strong fundamentals. It offers farmers scientific water management by micro-irrigation systems and agronomical support. Discerning investors are accumulating the stock. Buy.
  25. Jindal Stainless (Hisar) has notched 43% higher net profit in Q4FY20 and 22% higher in FY20 despite global uncertainties and weak growth. The gap created by subsidised Chinese industry vacating global markets could boost our stainless-steel industry. This is big positive. Accumulate.
  26. Shivalik Bimetal Controls specialised in bimetals, which find applications in auto, defence, appliances, medical, industrial and electronics etc. has a bright potential going ahead. Buy.

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