Money Times Talk

*IRCTC’* NP rose 30.41% to Rs.279 cr. on 39% higher revenue of Rs.965 cr. and it has also declared a final dividend. Add for the long term. Young Jonnavittula Ananth to steer fintech *Vedvaag Systems* into the lucrative Artificial Intelligence (AI) and Machine Learning (ML) from this fiscal FY24. Stock to deliver surprising returns. Buy. *Inox Winds* expects better days to return soon on the back of its strong order book, rising margins and government push to the industry. Add. *Sobha Ltd’s* Q4 NP grew to Rs.49 cr. Net sales grew 70.34% YoY to Rs.1,209.9 cr. Add for the long term. *Refex Industries:* Money Times had recommended this share four months back at Rs.226. It’s now around Rs.550. Some more steam is left. Hold for some more time. *JK Cement* is ramping up capacities and expects to grow faster than the industry as the new capacities are at optimum levels. Add *Healthcare Global’s* debts are declining on the back of greater influx of foreign business. It hopes to garner better margins, which will push up profits and the share price. Add. *Force Motors* posted a good Q4, representing a turnaround. Keep it on your radar. *NCC* management has denied rumors that Karnataka Govt. had cancelled the orders awarded to it and it continues to do well. Do not sell. *JBM Auto* is repeatedly trying to breach the Rs.800 barrier with strong volumes. A hundred rupees jump looks imminent. Add for the short term. *ONGC* to spend about Rs.1 trillion by 2030 to control carbon emission. A big positive. This Fortune 500 share must find place in every model portfolio. India's largest tractor manufacturer, *M&M,* to make lightweight tractors for heavy market share gains. Its exports grew 15% in FY23. Add. *Gravita India* is hovering around its all-time high of Rs.615. Any decisive breakout can take its price to Rs.675-677. Hold. *PFC* is reporting higher price and higher volumes. Intelligent buying is suggestive of a bonus in the near term. Buy. *Mazagon Dock Shipbuilders’* FY23 NP was Rs.1072 cr. and a final dividend of Rs.6.90 has been declared. It is sitting on an order book of Rs.38,755 cr. Add for the long term. *Coal India* has raised the price of non-coking coal by about 8% for June 2023. This profit accretive move merits an Add. Although *Suzlon Energy’s* Q4 revenue fell to Rs.1689 cr. YoY, it posted turnaround results with NP of Rs.280 cr. from a loss of Rs.204 cr. YoY. Its debt has sharply reduced to Rs.1180 cr. from Rs.5796 cr. last year. Add for the long term. *Ugro Capital* plans to raise Rs.295 cr. through NCDs for onward lending and business purposes. Add in small quantities. The upbeat commentary of *BHEL* management points to a brighter future on the back of its bulging export orders and execution capabilities. Add in small lots. *GMDC* notched FY23 EPS of Rs.38.33 from FY22 EPS of Rs.6.85. It also declared a dividend of Rs.9.10/share. Add for good returns. *Geekay Wires* notched 204% higher FY23 EPS of Rs.26, which may lead to FY24 EPS of Rs.45. Buy for 50% gain. *Chamanlal Setia* notched 82% higher FY23 EPS of Rs.22.8, which may lead to FY24 EPS of Rs.30. Buy for 50% gain. *Suraj Products* notched 62% higher Q4 EPS of Rs.6.7 and 10% higher FY23 EPS of Rs.22.8, which may lead to FY24 EPS of Rs.26+. Buy for 30% gain. *Mallcom (India)* notched FY23 EPS of Rs.50.2, which may lead to FY24 EPS of Rs.65. Heavy investment buying is seen in this counter with rising volumes. Buy for 20% gain. *Karnataka Bank* notched 171% higher Q4 EPS of Rs.11.1 and 132% higher FY23 EPS of Rs.37.7, which may lead to FY24 EPS of Rs.45. Buy for 50% gain. *Andhra Paper Mills* notched 169% higher Q4 EPS of Rs.38.7 and 274% higher FY23 EPS of Rs.131. Buy for 20% gain. *ITL Industries* notched 26% higher Q4 EPS of Rs.7.6 and FY23 EPS of Rs.24.1, which may lead to FY24 EPS of Rs.30. Buy for 30% gain. *IZMO* notched 38% higher Q4 EPS of Rs.6.2 and 25% higher FY23 EPS of Rs.15, which may lead to FY24 EPS of Rs.18+. Buy on dips.