Friday, 20 January 2023

PFC

The rising volumes and share price of PFC suggest the long-awaited Bonus issue and better Q3 results to be declared shortly. The 2nd interim dividend is likely to be around Rs. 6.

Affle India

Affle India to be a big beneficiary of the PLI scheme for producing many electronic items that were hitherto being imported. A good long-term haul.

Karnataka Bank

The pessimism at the hawkish stance of the RBI has led to high expectations about banks. Add Karnataka Bank for further gains.

Lal Path Labs

Lal Path Labs plans to ramp up its western India operations. A positive for the Company

Gravita

‘Recycle or perish’ is the new mantra. Gravita with plants across the globe is set to reap a big harvest in recycling metals and plastics.

Texmaco Rails

Going to spend Rs18,000 cr. on the upkeep of Vande Bharat trains. Texmaco Rails can be a big beneficiary

HAL

In the FY24 Union Budget on 1st Feb, huge sums may be allocated for modernising the defense forces. HAL will be one of the biggest beneficiaries.

India Daybook – Stocks in News

*P&G:* Net profit up 36.5% Rs 210.7 cr, Revenue up 8.9% at Rs 1,138.4 cr YoY  *TVS Motors:* Net profit at Rs 536.6 cr vs poll Rs 520.0 c...