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The GST Council has cut rates sharply for new houses starting 1 April 2019. The demand for affordable housing is
bound to rise. Buy Godrej Properties.
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Bata India posted strong Q3 results. The management targets 20-25% revenue growth over the next three years.
Accumulate.
β Britannia Industries has replaced Hindustan Petroleum in the Nifty 50 index. This will trigger high institutional buying. Buy.
β TTK Prestige has witnessed increased rural buying on account of rising disposable income. Its December results were also higher by around 21%. Accumulate.
β Reliance Communications continues to fall with increased pledging of shares by the promoters. Stay away from this
counter.
β REC has declared its highest-ever interim dividend of Rs.11/share. At a time when most analysts were sceptical about the companyβs workings, Money Times strongly recommended the stock time and again. We are still bullish on this stock.
β Although ICRA has cut down Dewan Housing Finance Corporationβs creditworthiness on concerns of repayment of commercial papers, its beaten down share price seems attractive. A good contrarian buy.
β Bharti Airtel is on a fund-raising drive. The debt trap may not augur well for the company in the long run. Beware!
β Auto component major, Jay Bharat Maruti, has bought 60% stake in Germanyβs Linde-Wiemann for about Rs.710 crore to boost its technical and engineering capability. A positive for the company.
β Thomas Cook (India) has bought 51% stake in Digiphoto Entertainment for around Rs.289 crore. A good shift. Buy.
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Linde India posted strong numbers for Q3. A fresh buyback offer is also expected soon. Its volumes are also rising.
Buy.
β Jet Airways is in big trouble. More aircrafts have been grounded due to a financial crunch and the lenders may have to take control of the business. Exit before itβs too late!
β Analysts are bullish on Gujarat Gas with high revenue estimates for the next few years. It may be prudent to go with the crowd. Buy.
β The Suven Lifesciences counter has witnessed higher volumes, which is also driving its share price higher. The company has many patents in the pipeline. Buy.
β Auto component major, M.M. Forgings, expects strong growth ahead on the back of rising domestic and export demand. Buy.
β Iron ore prices are on the rise post the supply disruption in Brazil. NMDC will benefit significantly. A huge dividend may also be on the cards. Buy immediately.
β The cement sector is expected to record 6-8% volume growth this year. Ultratech Cement and Shree Cement are likely to gain. Buy both for the long term.
β Lupin is set to launch its Ranolazine ER tablets in USA. A big positive for the company. Buy.
β CARE Ratings has witnessed unprecedented volumes of late. Some good news may be in the offing. Long-term investors may accumulate.
β Quick Heal Technologies intends to buy back its shares. An opportunity to make some quick money.
β Time Technoplast has entered into an agreement with Confidence Petroleum for the safe use of LPG Cylinders across India. This may boost its business significantly. Buy.
β Prakash Industries continues to reel under pressure. But its audited results look good. Investors with a risk appetite may enter with a horizon of one year.
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Him Teknoforge, the merged entity of Gujarat Automotive Gears, is expected to notch an EPS of Rs.20-22 for FY19 on
a small equity of Rs.1.6 crore. The stock has the potential to double from its current level.
β International Paper APPM is likely to notch an EPS of Rs.50 for FY19. A reasonable P/E of 12x will take its share price to Rs.600.
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Torrent Power is expected to notch an EPS of Rs.25 for FY19 going by its robust H1FY19 earnings. The stock may
cross Rs.375 at a reasonable P/E of 15x.
β With FY19E EPS of Rs.40, Eimco Elecon (India) is likely to cross Rs.500.
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An Ahmedabad-based analyst recommends Cantabil Retail India, Donear Industries, Jiya Eco-Products,
Indraprastha Medical Corporation, IOL Chemicals & Pharmaceuticals and Pitti Engineering.