Tower Talk

📍 Glenmark Pharmaceuticals has received final ANDA (abbreviated new drug application) approval for its Colesevelam Hydrochloride medicine. Buy for the long-term.
📍 Bharat Electronics has signed a MoU with Saab, Sweden, for jointly marketing L-B and 3D Air Surveillance Radars, primarily for the defence and civil security. A big positive for the company.
📍 The government is likely to infuse ~Rs.2816 crore into Punjab National Bank to strengthen its balance sheet. Accumulate and hold for two years to reap good returns.
📍 Ashok Leyland reported excellent results for Q1FY19 with an EPS of Rs.1.26 v/s Re.0.38 in Q1FY18. A worthy buy.
📍 South Indian Bank does not have any asset quality concerns and has reasonable valuations. Its current share price
merits a buy.
📍 Bombay Dyeing & Manufacturing Co. is aggressively promoting its own brand of shirts ‘Cezari’ through its exclusive outlets. Accumulate.
📍 Auto component major Jay Bharat Maruti reported excellent results for Q1. The stock is available at a P/E of 15x v/s the industry average of 36x. Maruti Suzuki holds around 36% stake in the company. An excellent buy.
📍 Oberoi Realty offers an upside of around 20% from the current level on account of new launches. It recently made a QIP allotment of ~Rs.1200 crore priced at Rs.500/share. A good buy.
📍 The management of Waterbase is slowly increasing its stake via open market operations. The stock is available cheap at nearly one-third its 52-week high rate. Don’t miss this opportunity to buy.
📍 Aurobindo Pharma is expected to buy Apotex’s commercial operations to expand its European business. Buy for the long-term.
📍 Federal Bank reported 25% growth for Q1 on account of better quality assets and growing demand for loans and advances. The next few quarters are also expected to be good. A good buy.
📍 India’s biggest pure play consumer company Hindustan Unilever posted double-digit sales growth in Q1 on the back of higher rural demand. Buy.
📍 Britannia Industries is setting up a greenfield unit in Assam at a capex of Rs.200 crore to cater exclusively to the northern territories. The stock is poised to rise further.
📍 Bandhan Bank reported 47% higher PAT for Q1 at Rs.481.71 crore. Its future looks equally good. Buy.
📍 Zee Entertainment Enterprises reported 19% YoY growth in ad revenue and over 31% growth in PAT. Buy for the
long-term.
📍 An associate of Kridhan Infra has received a new project worth Rs.222.6 crore. A positive for the latter since it holds 51% stake in the associate company. The stock seems under-priced. Buy.
📍 Cadila Healthcare plans to raise up to Rs.1000 crore via various options to fund its expansion plans. It may be prudent to buy this share.
📍 J.K Tyre & Industries reported PAT of Rs.64.24 crore in Q1 on the back of robust sales. Its FY19E EPS is likely to cross Rs.11. The stock has the potential to appreciate around 50% within a year.
📍 Idea Cellular is losing ground to big operators due to tough competition. It may be prudent to sell your holdings.
📍 Srikalahasthi Pipes is one of the biggest manufacturers of ductile pipes in India. Its share is available cheap at a
trailing P/E of just 7x and merits a buy.
📍 Reliance Industries contemplates raising Rs.40000 crore this year to expand its consumer business. Buy.
📍 Sun Pharmaceutical Industries has received USFDA approval for its Infugem injection used to treat cancer. A big positive.
📍 Mindtree reported 30% higher PAT for Q1. It has 339 active clients and a headcount of around 19,000 employees. Buy for the long-term.
📍 Sintex Industries is set to notch an EPS of Rs.3.5 in FY19. The stock trades cheap at a forward P/E of just 5x.Buy.
📍 The robust Q4 and FY18 results posted by Indo-National (Nippo
Batteries) were ignored by investors. Its share book value is just Rs.560 on a small equity of Rs.3.75 crore. The stock is poised to cross Rs.700 in the short-term.
📍 The latest grey market premium for the IPO of TCNS Clothing Co. is Rs.10-12.
📍 The latest grey market premium for the IPO of HDFC Asset Management Co. is Rs.350-360 and the cost of itsminimum application form is Rs.1300-1350.