Tower Talk from 30 October 2017- 5 November 2017

⚜ Reliance Industries has submitted plans to develop KG-D6 Fields at an estimated cost of $1.4 bn. Investors can blindly invest in this counter at the current rate.

⚜ FMGC major, Sanwaria Consumer, may be a potential multi-bagger on account of its improved results and continuing expansion. Buy for the long-term.

⚜ Bajaj Holdings & Investment’s Q2 consolidated PAT climbed 20% to Rs.834.26 crore on a stagnant revenue base.  Hold.

⚜ PNB Housing Finance contemplates raising Rs.12000 crore through NCDs, masala bonds and rupee dominated  overseas bonds to finance affordable housing. A big positive.

⚜ Tata Sponge Iron posted 72% higher PAT in Q2FY18. The remaining quarters look equally good. A good time to add.

⚜ Lux Industries, one of the largest knitted garment makers, is in talks with foreign brands to introduce a wider range of products. Its working is also good and the stock merits a buy.

⚜ Claris Life sciences has received RBI clearance to increase foreign stake up to 49%, which indicates that foreign funds may enter the company.

⚜ Polyester major, JBF Industries, is reportedly planning a strategic sale of stake, which may result in a change in  management. With stronger hands taking over, its share price is likely to jump.

⚜ Som Distilleries & Breweries, which posted 79% higher PAT on 50% higher sales, is reportedly planning expansions. Buy.

⚜ Leading Darjeeling tea producer, Goodricke Group (a constituent of Camella, UK), is on the verge of buying Godfrey Philips India’s tea brands for ~Rs.20 crore. This will lead to better synergy and integration of its business.

⚜ Delta Corp posted promising results for Q2. It expects the second half to be equally good. Buy for two years.

⚜ Oil And Natural Gas Corporation contemplates to raise the output from ageing oil fields of other providers. The long-term contracts should result in higher profitability from the defunct wells.

⚜ Panacea Biotec reported slightly higher profits for Q2. Given that it has received final approval from the US health regulator to launch its Prasugrel tablet, this may be a good time to add this share.

⚜ There is no stopping for TTK Prestige, which has once again reported 11% higher PAT. Hold.

⚜ Zee Entertainment Enterprises posted a two-fold jump in its Q2 consolidated PAT. Its future looks equally good. Buy for the

⚜ Dilip Buildcon has obtained orders worth Rs.5.35 lakh crore for new road projects, which will definitely boost its working.

⚜ In spite of NPA issues, HDFC Bank managed to post a 20% jump in PAT. A small dent in its share price makes this a good buy.

⚜ Home appliance major, Whirlpool of India, posted 25% higher PAT for Q2. Such performance may continue the next many quarters. Add.

⚜ Investors should closely monitor Cineline India, which is on the threshold of a major breakout. The stock may soon cross the magical figure of Rs.125.

⚜ Power Finance Corporation has convened a meeting to consider its Q2 working as well as an interim dividend.  This Navratna company is on a comeback trail. Buy.

⚜ Yes Bank posted good results for Q2. The sustained financial performance of the last many quarters indicates its management strength. A good long-term buy.

⚜ India Bulls group stocks like IBULL Housing, IB real estate, IB ventures, SORIL Holdings and Rattan Infra have  delivered multibagger returns. Now it is time for Rattan India Power trading to follow suit. It trades at a historical low of Rs.5.7 and may double within a year.


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