Although financial ratios and other factors are often considered to reflect the current earning potential while investing, can they also predict future prospects? This is where free cash flow of a company assumes importance. Mandar Wagh explains the concept of free cash flow, the benefits it delivers to the company, and why it is critical for investors to consider. Also, check out the leading companies that are consistently growing their free cash flow 

Sector and thematic funds fund should be avoided until you are confident about your ability to pick the right sector and have clarity on when to enter and exit

While the sector outlook for automobiles and automotive components is very bright given the government’s emphasis on transition to electric mobility, JBM Auto has a valuation that is extremely expensive as the share prices have soared significantly.

This is our mutual fund recommendation. Every fortnight, we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.

With the Securities and Exchange Board of India expected to soon release a consultation paper on total expense ratio (TER), it is time to understand how this impacts the investor’s cost of investment as well as the income of the asset management companies

The Nifty has finally ended its eight days of a winning streak and entered a phase of counter-trend consolidation.

By employing this expectation investing approach, investors can gain insights into the growth expectations priced into the stock and assess whether they align with their investments. However, before employing expectation investing, investors should exercise caution and consider the assumptions and uncertainties when determining growth expectations. The article explains the process to be followed and highlights the pitfalls 

Investment Horizon : Query-Specific : Subscribers can ask their queries regarding stocks they hold and get our expert guidance. 

Intelligent investing involves buying more than what you are paying for.

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

The automotive industry in India plays a vital role in the country's economy, serving as a major pillar of growth. With strong backward and forward linkages, it contributes significantly to the overall development.

This section gives a recommendation of a stock having a stock price below Rs 150 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

We had recommended Sharada Motors Ltd. in Volume 37, Issue No. 17 dated July 18 – 31, 2022, under the ‘Choice Scrip’ segment.

This column gives you a scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.

Exchange Traded Funds (ETFs) have emerged as a popular investment option in India, providing investors with a convenient and cost-effective way to gain exposure to a diversified portfolio of securities. These funds have achieved significant traction due to their unique characteristics and potential benefits. Vardan Pandhare explores the world of ETFs as an investment avenue

The market sentiment appears positive, with 1436 stocks advancing compared to 394 declining.

In your last special report, you distinguished the balancing act of wealth protection with wealth creation. 

Indian headline indices are setting fresh highs in backto-back sessions, fuelled by optimism amid robust FII inflows and an expected solid earnings season.

Passive investing has experienced significant growth in India over the past few years with investors placing faith on instruments such as index funds and exchange-traded funds (ETFs).

A leading real estate developer in India, has emerged as the highest bidder and secured the Letter of Intent for two luxury group housing plots in Gurugram's prestigious Golf Course Road micro-market.

Who are the Real Investment Advisors? The special story in the recent issue gave me a good outlook on registered investment advisors. Could you please provide guidance on how to recognise registered investment advisors?

Moreover, in the past year, the stock has surged by more than 40 per cent

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

On June 28, after a gap of almost seven months, the Indian frontline equity indices once again touched their lifetime high and in doing so became the only major equity market to cross its earlier high.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a slight gain of 16.41 points or 0.03 per cent.

The collaboration began in February 2021, when STL began providing Optical Networking Solutions to Windstream. Building upon this foundation, STL has expanded its offering set to provide advanced optical designs, such as high-fiber count Intelligently Bonded Ribbon and Flat ribbon, in addition to its loose tube optical cables.

According to the financials, the net sales increased by 3.59 per cent and the net profit increased by 127 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 8.15 per cent in FY23 compared to FY22. The company reported a net profit of Rs 4.82 crore in FY23 whereas in FY22 it reported a net profit of Rs 5.76 crore, down by 16.22 per cent.

The company's quarterly results showed strong growth, with both net sales and net profit increasing significantly. Standalone net sales increased by 26.12 per cent to Rs 324.38 crore, while consolidated net sales increased by 26.43 per cent to Rs 414.34 crore.

Shares of the company have gained more than 70 per cent in the last six months.

According to the annual results (FY23), the net sales increased by 8 per cent to Rs 729 crore in FY23 over FY22. The company reported a net profit of Rs 1 crore in FY23 compared to a net loss of Rs 57 crore in FY22. The shares of the company saw a spurt in volume by more than 1.76 times on BSE.

Seacoast Shipping Services Limited is providing single-window logistics services to exporters and importers. The company has a market cap of Rs 139.72 crore with a 3-year stock price CAGR of 30 per cent. The stock has a PE of 7.05x, a ROE of 36.10 per cent and a ROCE of 38.40 per cent.

Moreover, the stock has zoomed more than 40 per cent in the last 3 months

the stock has surged more than 422 per cent in the last 3 years.

ITCONS E-Solutions has a market cap of Rs 22 crore. The company reported positive numbers in its quarterly results and annual results. Additionally, the company has reduced its debt and currently, it's almost debt free.

The company is actively bidding for orders in the overseas market, particularly in the oil and gas sector and ongoing negotiations are taking place with multiple entities.

The consolidated revenue for the quarter reached Rs 59,381 crore, representing a YoY surge of 13 per cent.

On Wednesday, the Indian equity markets ended on a negative note

Panabyte Technologies Limited is engaged in multi-product distribution viz., consumer electronic & electrical goods and IT hardware & peripherals and Sanitary products. The company has a market cap of Rs 5.82 crore.  

On Wednesday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.34 per cent at 65,394 and the NSE Nifty-50 Index down 0.28 per cent at 19,384. 

On Wednesday, the benchmark indices are expected to have a flat start as indicated by the GIFT Nifty, with a decline of 8 points. The futures for the index were recorded at 19,529.

Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector. The company has a market cap of Rs 2,475 crore and reported excellent numbers in its quarterly results and annual results.

The estimated contract price ranges between USD 115 million and USD 130 million

The company's order book as of March 2023 stood at a staggering Rs 683 crore, surpassing its FY23 revenue by a factor of 2.2. This formidable order book has expanded by 1.8 times year-on-year in FY23, endowing the company with robust revenue visibility.

On July 11, foreign institutional investors (FII) purchased shares worth Rs 1,197.38 crore, while domestic institutional investors (DII) sold shares worth Rs 7.25 crore.

The net sales increased by 125.81 per cent to Rs 115.31 crore and net profit increased by 364.62 per cent to Rs 6.04 crore in Q4FY23 over Q4FY22. 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. 

Shares of the company grew by more than 30 per cent in the last six months.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 37.94 points or 0.06 per cent.

The net sales increased by 245.16 per cent and net profit skyrocketed by 354.20 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 213.75 per cent and net profit skyrocketed by 1,815.29 per cent in FY23 compared to FY22. The EPS for FY23 stood at Rs 5.38.

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

Additionally, the company reported excellent numbers in its half-yearly and annual results. The net sales increased by 27.50 per cent to Rs 9.85 crore and net profit skyrocketed 325 per cent to Rs 0.34 crore in H2FY23 compared to H2FY22.

The order Inflow during Q1FY24 stood at Rs 497 crore, up by 22 per cent on a Y-o-Y basis (Gear Division: Rs 446 crore and MHE Division: Rs 51 crore) and orders in hand as on June 30, 2023, stand at Rs 793 crore (Gear Division: Rs 655 crore and MHE Division: Rs 138 crore).

“The opportunities are huge. The time is ripe. So, we are moving ahead confidently to make it happen. After all, all Kinetic stakeholders, deserve the best,” added Mr. Firodia.

As on July 01, 2023, consolidated orders worth Rs 40 crore have been negotiated with clients and formal purchase orders are awaited. Out of this Rs 27 crore are for the Indian market and Rs 13 crore are for projects outside India. After negotiating an order, it may take up to 2 months to receive a formal purchase order from the client.

KRL has a market cap of Rs 223 crore and a 5-year stock price CAGR of 85 per cent. The maximum stake is owned by the promoters of the company (75 per cent) and the rest of the stake is owned by the general public (25 per cent).

The company has been able to grow its sales by 15 per cent (CAGR) over the past 3 years and profit by 37 per cent (CAGR) over the same period.

In a single day, the company received an order worth Rs 552 crore, which is equivalent to 2.73 times its total sales for the fiscal year 2023. 

On Tuesday, the Sensex zoomed by 273.67 points to close at 65,617.84, while Nifty 50 surged by 83.50 points to close at 19,439.40

The company has achieved a robust profit growth of 20.3 per cent CAGR over the past 5 years, accompanied by a healthy dividend payout of 35.0 per cent.

According to the financials, PFCL has a market cap of over Rs 60,000 crore and a 3-year stock price CAGR of 40 per cent. The company’s maximum stake is owned by The President of India (55.99 per cent) as of March 2023. The company reported excellent numbers in its quarterly results and annual results.

On Tuesday, the Indian equity markets ended on a positive note

The company reported excellent numbers in its quarterly results and annual results. The net sales increased by 14.87 per cent to Rs 18.62 crore in Q4FY23 over Q4FY22. The net sales increased by 71.88 per cent to Rs 62.89 crore in FY23 over FY22. The company reported a net profit of Rs 3.86 crore in FY23 compared to a net loss of Rs 12.27 crore in FY22.

The company has consistently maintained a commendable dividend payout ratio of 20.1 per cent,

The GIFT Nifty points towards a bullish opening for the benchmark indices on Tuesday, with a rise of 32 points. The futures stood at 19,480.

On Tuesday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.42 per cent at 65,617.84 and the NSE Nifty-50 Index up 0.43 per cent at 19,439.40. 

The price band of the issue has been fixed at Rs 23 to Rs 25 per equity share. The issue size is Rs 500 crore at a higher price band.

Over the past five years, the company has showcased impressive profit growth, with compound annual growth rate (CAGR) of 87.5 per cent.

Crunching the numbers, the gains accrued by Zerodha Broking from this astounding surge amount to approximately Rs 4.82 crore. Yes, you heard it right—nearly 5 crores! (calculated as 87 * 554,531).

According to the quarterly results, the net sales increased by 48.85 per cent to Rs 2,079 crore and net profit skyrocketed by 104.80 per cent to Rs 318 crore in Q4FY23 compared to Q4FY22. According to the annual results, the net sales increased by 36.52 per cent to Rs 7,827 crore and net profit increased by 85.77 per cent to Rs 1,073 crore in FY23 compared to FY22.

This is the stock to watch in 2023 as it has zoomed 153 per cent in just one year!

The order is valued at Rs 750 crores and highlights the company's commitment to sustainable mobility and expanding its EV product range.

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

On Tuesday, shares of the company surged by more than 3 per cent and traded on its new 52-week high of Rs 3,694.30.

On July 10, foreign institutional investors (FII) purchased shares worth Rs 588.48 crore, while domestic institutional investors (DII) bought shares worth Rs 288.38 crore.

Broader markets continue to look strong with fresh breakouts seen in Nifty Midcap and Nifty500 indices, states Gaurav Bissa, Vice President - Equity Advisory, InCred Equities

Company is involved in the trading hair care and beauty products.

A merger refers to the combination of two or more companies into a single entity.

The company has bagged an order worth Rs 35 crore for manufacturing A.P. (Active pharmaceuticals Ingredient) purification and sterilization Plant with Lyophilizers in small batch API. The company will create an advanced quality control system and R & D facility in new I.P. creation in the field of API & Intermediaries.

However, amidst this vibrant landscape, one stock has managed to capture the attention of market participants with its sudden surge. Suzlon Energy, the renowned Indian renewable energy solutions provider, experienced a remarkable jump of over 3 percent, accompanied by a substantial increase in trading volume. 

These additions have had a significant impact on the company's order book, which has reached an unprecedented level of over Rs 20,000 crore

The net sales increased by per cent to Rs 32.13 per cent to Rs 41.50 crore and net profit increased by 99.09 per cent to Rs 8.34 crore in Q4FY23 over Q4FY22. The net sales increased by per cent to Rs 20.03 per cent to Rs 159.33 crore and net profit increased by 82.78 per cent to Rs 31.58 crore in FY23 over FY22.

Indian Oil Corporation Limited (Indian Oil) and Praj Industries Limited (Praj) signed a term sheet to advance plans to strengthen biofuel production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others.

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

The net sales increased by 493 per cent to Rs 24,.93 crore and net profit increased by 2,018 per cent to Rs 5.37 crore in Q4FY23 over Q4FY22. In FY23, net sales skyrocketed 558 per cent to Rs 99.57 per share and net profit skyrocketed 3,404 per cent to Rs 9.93 over FY22.

The company reported positive results in its quarterly and annual consolidated financial statements. In comparison to FY21, the company’s net sales rose 53.22 per cent and net profit skyrocketed 1000 per cent in FY22. The company has a market cap of Rs 414 crore with a 1-year CAGR of 104 per cent.

Company has received incentives worth Rs. 500 Crores from the State Investment Promotion Board (SIPB) of the Government of Chhattisgarh. These incentives are granted under various heads, including relaxation of stamp duty, 75 percent net SGST rebate for 15 years

The net sales skyrocketed by 270 per cent to Rs 10.34 crore in Q4FY23 over Q4FY22. The net sales increased by 340 per cent to Rs 46.96 crore in FY23 over FY22. Also, the promotors of the company have increased their stake by 4.99 per cent in the last quarter.

The company has consistently maintained a commendable dividend payout ratio of 20.0 per cent.

The company reported positive numbers in its quarterly results (Q4FY23) and annual results (FY23). The net sales increased by 75.89 per cent to Rs 1,091 crore and net profit increased by 38.73 per cent to Rs 39.40 crore in FY23 over FY22.

The Board approved the fundraising plan of issuing equity shares and/or equity-linked instruments/securities, or a combination thereof, for an aggregate amount not exceeding Rs 750 crores.

Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Srihari Kota Centre of ISRO and the solid fuel complex at Jagdalpur under the umbrella of DRDO. The company has a market cap of Rs 527.56 crore and reported amazing numbers in its quarterly results (Q4FY23) and annual results (FY23).

On Monday, the Indian equity markets ended on a positive note

The shares of the company saw a spurt in volume by more than 2.75 times on BSE. The company has a market cap of over 1 lakh crore and reported positive numbers in its quarterly results (Q4FY23) and annual results (FY23).

An increase of 18 per cent compared to the corresponding quarter of FY23, where the revenue stood at Rs 1,000 crore.

On Monday, the GIFT Nifty suggests a neutral opening for the benchmark indices with a decrease of 10 points. The futures were recorded at 19,448.

On Monday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.10 per cent at 65,344.17 and the NSE Nifty-50 Index up 0.12 per cent at 19,355.90. 

Beyond the P75(I) submarine program, L&T and Navantia are exploring avenues for cooperation in other military initiatives and green energy opportunities, including offshore wind through Navantia Seanergies division.

Shares of the company gained more than 100 per cent in the last six months.

On July 7, foreign institutional investors (FII) purchased shares worth Rs 790.40 crore, while domestic institutional investors (DII) sold shares worth Rs 2,964.23 crore.

The real eye-opener lies in the record-breaking trading volume. Today, it has witnessed the highest single-day volume in nearly two years, with an astounding 60.22 lakh shares changing hands.

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