With optimism brought on by the quarter earnings’ season, the Indian benchmark indices continued to climb and set new all-time highs in back-to-back trading sessions.

We had recommended Meghmani Organics Ltd. in Volume 37, Issue No. 18 dated Aug 1 – 14, 2022, under the ‘Low Price’ segment.

The cover story in the recent issue gave me good insights into the growth expectations priced into the stock. Could you please elucidate on the DDM method and other methods one can use for valuation? - Seema Pandit

For those not familiar with the story, Goldilocks and the Three Bears is a 19th century English fairytale of which three versions exist, one of which is that of a young woman called Goldilocks who enters the forest home of three bears.

There are various reasons why investors are choosing stocks and not other financial investment avenues for long-term growth. The article highlights the domain of equity mutual funds to help understand this trend.

How vital is the tracking error in Exchange Traded Funds?

Authored by Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt Ltd

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

After a turbulent beginning to the year, the Indian equity market has experienced a remarkable surge in the past three months, propelling equity indices like the S & P BSE Sensex and the Nifty 50 index to new all-time highs.

The debtor days have improved from 49.3 to 31.7 days. The shares of the company have a PE of 13.80x whereas the industry PE is 36.40x with a ROE of 17.92 per cent.

According to the annual results, the net sales increased by per cent to Rs 1,583 crore and net profit increased by per cent to Rs 130 crore in FY23 compared to FY22. The EPS for FY23 stood at Rs 60.66. The scrip has a PE of 14.70x, a ROE of 20 per cent and a ROCE of 21.60 per cent.

Recently, The Board of Directors of the company have recommended and approved the bonus Issue of equity shares in the proportion of 1 equity share of Rs 1 each for every 2 Equity Shares of Rs 1 each held by shareholders of the company as on the record date. The share ex-record date was Wednesday, June 19, 2023.  

Shares of the company have gained more than 100 per cent in the last one year.

Shares of this company jumped more than 25 per cent in the last 6 months.

KIVL is engaged in aquaculture farming, seafood processing, international trade of marine products, aquaculture consultancy, food-related infrastructure development and domestic marketing and supply of retail packed marine products.

Open positions, in terms of the number of contracts and value, exceeded the first day of full-scale operations by 32 per cent and 35 per cent, respectively. The commencement of full-scale operations saw 2,37,108 contracts worth USD 9.14 billion (Rs 74,987 crore equivalent) in Gift Nifty.

These initiatives mark a significant stride towards a sustainable and greener future.

Ashish Kacholia, a prominent investor, hold a 1.10 per cent stake in Megastar Foods, which translates to total ownership of 1,12,968 equity shares in the company. However, given Kacholia's recent decision to exit his position in the stock, it has left investors speculating about the company's future prospects. Could this be a signal that the stock has reached an overhyped valuation, and its merry run might be coming to an end?

The profit after tax (PAT) recorded a significant growth of 46 per cent, amounting to Rs 2,500 crore.

The company has delivered returns of 70 per cent over the past year and returns of 40 per cent over the past 3 years.

Recently, the company announced stock split wherein it will be converting equity shares with a face value of Rs 10 each into 5 equity shares with a face value of Rs 2 each with the record date set as Wednesday, February 15, 2023.  

Additionally, MICL Group added another Ultra-Luxurious Residential Project with a saleable carpet area of 4 lakh sq. ft. in Ghatkopar East, Mumbai and bags another significant size EPC order worth Rs 680 crore (inclusive of GST) from BMCT (PSA Group) for pavement work on the reclaimed earth on the execution of Phase II infrastructure works at the fourth container terminal of JNPT.

On Wednesday, at 03:30 pm, indices ended the trading session in the green with the BSE Sensex Index up 0.53 per cent at 66,707.20 and the NSE Nifty-50 Index up 0.50 per cent at 19,778. About 1,906 shares have advanced, 1,630 declined and 160 are unchanged on BSE.  

On Wednesday, the GIFT Nifty suggests a neutral opening for the benchmark indices, with a slight increase of 12 points. The futures are currently positioned at 19,869 points.

At the current market price, this translates to an attractive dividend yield of 4.52 per cent. Additionally, the stock boasts an impressive Return on Capital Employed (ROCE) of 60.8 per cent, reflecting its efficient utilization of invested capital.

Market sentiment appears positive with 1265 advancing stocks against 576 declining stocks.

Torrent Power, with a turnover of Rs 25,694 Crores (approx. USD 3 billion) is the integrated power utility of the diversified Torrent Group with group revenues of Rs 37,600 crore (approx. USD 4.5 billion) and a market cap of Rs 95,000 crore (approx. USD 11.50 billion). It is one of the largest power companies in India with a presence across the entire power value chain of generation, transmission, and distribution.

The price band of the issue has been fixed at Rs 285 to Rs 300 per equity share. The issue size is Rs 686.55 crore at a higher price band.

Additionally, the company also announced its quarterly results wherein revenue from operations grew by 148.34 per cent to Rs 79.57 crore, EBITDA skyrocketed by 415.47 per cent to Rs 7.13 crore and PAT skyrocketed by 1,056.34 per cent to Rs 4.10 crore in Q1FY24 compared to Q1FY23.

DVR shares of company spiked by more than 14 per cent after plans to convert DVR shares into ordinary shares.

TruCap caters to the financing needs of MSMEs. The company's objective is to empower these enterprises by providing them with the necessary financial resources to grow and thrive. The shares of the company saw a spurt in volume by more than 1.10 times on BSE.

Looking at FY24, we are optimistic and confident about a turnaround, thanks to the acquisition of new contracts and improved execution of existing ones, expresses Nirav Talati, CFO, Asian Energy Services Ltd

Shares of the company have gained more than 140 per cent in the last one year.

According to the annual results, the net sales increased by 11.36 per cent to Rs 16.72 crore and net profit increased by 201.73 per cent to Rs 0.70 crore in FY23 over FY22. Additionally, the company announced bonus shares in the ratio 1:2 to its shareholders as of the record date. The ex-bonus date was Wednesday, May 03, 2023.

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As of June 2023, the promoters own the majority of the company's shares, with a 55.17 per cent stake. FIIs own a tiny fraction of the shares, at just 0.02 per cent. The remaining 44.81 per cent of the shares are owned by the general public.

The net sales increased by 103.78 per cent and net profit increased by 77 per cent in Q4FY23 over Q4FY22. The net sales increased by 42.21 per cent and the net profit skyrocketed by 127.34 per cent in FY23 over FY22. The stock has a PE of 10.04x and a ROE of 47.81 per cent.

Commenting on the Q1FY24 Performance earlier, the Management added, "We are pleased to announce the remarkable financial results for the Q1FY24, which demonstrate our continued commitment to growth, efficiency, and value creation. We have achieved significant improvements YoY in revenue, EBITDA, EBITDA margins, and profit after tax, reflecting the success of our strategic initiatives and the dedication of our team."

Shares of the company gained more than 60 per cent in the last six months.

According to the annual results, the net sales increased by 43.79 per cent to Rs 3,155.90 crore, the operating profit increased by 77.84 per cent to Rs 156.25 crore and the net profit skyrocketed by 106.85 per cent to Rs 79.74 crore in FY23 compared to FY22.

The company has a market cap of Rs 25.66 crore. The shares of the company have a PE of 7.76x whereas the industry PE is 32.10x.

Mukul Agrawal, has emerged as a significant investor holding an impressive 9.26 per cent stake in the company.

According to the annual results, the net sales increased by 26.40 per cent to Rs 2,801 crore and net profit increased by 37.84 per cent to Rs 204 crore in FY23 over FY22. 

On Tuesday, shares of the company surged by 5 per cent and reached its upper circuit limit of Rs 808.30.

The company’s maximum stake is owned by The President of India (55.99 per cent) as of March 2023.

On Wednesday, Indian equity markets ended on a positive note

Net profit of the company surged by 75 per cent and stood at Rs 73.9 crore as against to Q1FY23.

On Tuesday, at 03:30 pm, indices ended the trading session in the red with the BSE Sensex Index down 0.04 per cent at 66,356 and the NSE Nifty-50 Index up 0.04 per cent at 19,681.

The company is having ROE of 7.84 per cent and ROCE of 10.6 per cent.

On Tuesday, the benchmark indices are expected to open flat, as indicated by the GIFT Nifty, with a gain of 33 points. The futures are currently at 19,736.

The stock's multibagger return for the last year was 137.19 per cent

The stock has witnessed significant buying activity in the last 3 years as it has surged more than 475 per cent.

The shares of the company have a PE of 16.17x whereas the sectoral PE is 35x with a ROE of 19 per cent. The stock is up by 55 per cent year to date and over 1,000 per cent in 3 years.

These stocks from S&P BSE 250 SmallCap space were trading in the green after strong demand from buyers.

The scrip witnessed a massive spurt in volume by 14.96 times on BSE.

The stock has witnessed significant buying activity in the last 3 years as it has surged more than 266 per cent.

The company have announced its quarterly results (Q1FY24) wherein Revenue from Operations grew by 241.32 per cent from Rs 2.42 crore and net profit skyrocketed by 200 per cent from a net loss of Rs 1.24 crore in Q1FY23 to a net profit of Rs 1.24 crore in Q1FY24.

As of now, there is an unexecuted order book of 856 MW that is scheduled to be completed within the next 9 to 12 months.

The broader market sentiment appears positive, with about 1385 stocks advancing and only 467 stocks declining, reinforcing the optimistic outlook among investors.

Shares of the company gained more than 25 per cent in the last six months.

The company has a market cap of Rs 385 crore with a 1-year stock price CAGR of 70 per cent. The stock has a PE of 12.33x whereas the industry PE is 35x and a ROE of 26.30 per cent.

According to the financials, the company have a market cap of over Rs 582.51 crore with a 3-year CAGR of 262 per cent. The company reported amazing numbers in its quarterly results and annual results. From Rs 10.67 per share to Rs 564.45 per share, the stock gave astounding returns of 5,190 per cent in just 5 years.

The company secures two massive orders with the involvement of Rs 57,000 crore which is more than double its market capitalization.

The company has received a Letter of Acceptance from Gujarat Metro Rail Corporation Limited for designing, manufacturing, and supplying standard gauge metro coaches for Surat Metro Rail Phase-I. The company secured wagon orders worth Rs 443 crore, increasing the wagon order book from private players to 20 per cent of the FTRS order book.

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Shares of the company have gained more than 180 per cent in the last one year.

A testament to this fact is that since the first day of full-scale operations of the Connect, Gift Nifty has witnessed a total cumulative volume of 7,86,636 contracts with a total cumulative turnover of US $30.28 billion.

Mr Rao Tummalapalli, MD of SenecaGlobal, shared his thoughts, saying, "This collaboration aligns perfectly with our commitment to leverage technology for social good. By combining our tech expertise with EQUIPPP's Social Tech platforms and sustainability vision, we are confident in our ability to create meaningful change."

How to pick stocks that will grow your wealth over time.

Deccan Gold Mines Limited was established in the year 2003 by Australian promoters with deep roots in the mining and exploration sector. Since its inception, DGML and its wholly owned subsidiary Deccan Exploration Services Private Limited (DESPL) have actively pursued gold exploration activities through the adoption of modern methods and the latest technology in all of its exploration prospects. 

This strategic move is driven by our commitment to meeting the demands of our valued customers.

The company has delivered returns of 64 per cent over the past year and stellar returns of 194 per cent over the past 3 years.

The company has delivered returns of 108 per cent from the date of its listing in March 2023.

After rising nearly 1,195 per cent over the period of 5 years, shares of Brightcom Group are undergoing a correction and have hit the lower circuit today. Shares of Brightcom Group Ltd plunged 5 per cent to Rs 25.13 per share from its previous closing of Rs 26.45.

Today it hit a fresh 52 week high and in the last 5 days the stock has grown its value by 34 per cent.

Authored by Mohit Ralhan, Chief Executive Officer, TIW Capital

FMCG stocks faced significant selling pressure, particularly ITC, which announced the demerger of its hotels business

Shares of the company have gained more than 180 per cent in the last one year.

On Monday, at 03:30 pm, indices ended the trading session in the red with the BSE Sensex Index down 0.45 per cent at 66,384.78 and the NSE Nifty-50 Index down 0.37 per cent at 19,672.35.

On Monday, the GIFT Nifty suggests a neutral opening for the benchmark indices, starting with a decline of 21 points. The futures are positioned at 19,745.

G G Engineering Limited manufactures electric power generators. The company develops diesel generators and engines for power management. Today, shares of G G Engineering surged 0.88 per cent to Rs 1.14 per share with an intraday high of Rs 1.19 per share and an intraday low of Rs 1.09 per share.

The company has been consistently maintaining a robust dividend payout of 80.8 per cent.

The company has a market cap of Rs 103 crore and reported positive numbers in both quarterly results and annual results. Previously the company traded ex- split having a face value of Rs 10 each in 10 equity shares of Rs 1 each which had an ex-record date of May 16, 2023.

Sensex and Nifty show marginal declines of 0.07 per cent and 0.04 per cent respectively.

These stocks from S&P BSE 250 SmallCap space were trading in the green after strong demand from buyers.

Net profit of the company surged significantly by 747 per cent and stood at Rs 576 crore as against to Q1FY23.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 450.34 points or 0.68 per cent.

According to the annual results, the net sales increased by 87.63 per cent to Rs 269.57 crore and net profit increased by 173.43 per cent to Rs 11.04 crore in FY23 over FY22. 

Over the past five years, the company has achieved an impressive compound annual growth rate (CAGR) of 90.1 per cent in its profit, demonstrating robust and consistent profit growth.

Shares of the company gained more than 13 per cent in the last one month.

IPO listed with 60 per cent premium on the BSE.

The company reported positive numbers in its quarterly results and annual results. The net sales increased by 994 per cent to Rs 3.72 crore and net profit skyrocketed by 1,775 per cent to Rs 0.67 crore in Q4FY23 compared to Q3FY23.

The stock has gained more than 100 per cent in the last six months.

On Friday, the Sensex dipped by 887 points to close at 66,684.26, while Nifty 50 dipped by 234.15 points to close at 19,745.00

The company's quarterly results showed a significant increase in both net sales and net profit. Net sales skyrocketed by 131 per cent to Rs 92.81 crore in Q1FY24, compared to Q1FY23. Net profit also increased by 46 per cent to Rs 5.44 crore in Q1FY24.

This is the second largest package which the company has won in this prestigious MAHSR project.

The stock has witnessed significant buying activity as it has given multibagger returns of more than 1300 per cent in just 1 year

Shares of the company gained more than 45 per cent in the last six months.

In terms of shareholding pattern, the maximum stake is owned by promoters of the company (71.77 per cent) and the rest is owned by the general public (28.23 per cent).

This reflects the company's strong commitment to advancing clean energy solutions and environmental sustainability.