Nov 25 2023, 11:56

Narayana Hrudayalaya's shares are on a growth beat; driving the hospital chain's:

Improving financials of hospital chains, future growth prospects of the sector itself have attracted investors to hospital stocks. But while Apollo Hospitals and Max Healthcare led the gains post Covid-19.

The company's shares are at an all-time high, the business is doing well, and investor sentiment is positive. Ever since the hospital chain reported better-than- expected earnings for the second quarter of FY24 on November 13, 2023, the stock has run up 14%.

The stock has been consistently rising over the last three years buoyed by improving business performance, and the overall upbeat sentiment of investors towards the hospital sector.

After a big drop in share prices in March 2020 when the Covid-19 pandemic struck the world, hospital stocks have surged and significantly beaten the benchmark Nifty 50 index. Among the top four listed hospital chains, Apollo Hospitals and Max Healthcare led the gains earlier but so far, this calendar year, Narayana Hrudayalaya has outperformed other major hospitals with a 72% rise in its share price. On November 21, shares of Narayana Hrudalaya closed at INR1,262.60 a piece.

According to consensus estimates on Bloomberg, Narayana Hrudayalaya's one-year forward EV/Ebitda was 19x as of November 8, compared with Apollo Hospitals' 26.5x, Max Healthcare's 27.5x, Medanta hospital's 26x, and Rainbow Children's hospital's 22x.

source: et 

Nov 25 2023, 10:51

Nifty stocks: Few regulatory changes don't change the macro opportunity for long term:

After the RBI decision to curb unsecured lending, there has been a flurry of explanations from companies and estimates by analysts of how much it will impact NBFC and banks margins. Even as the debate continues on the impact, the stocks which had lost some weight due to the headlines which literally suggested that it is the end of business for some companies have been in recovery mode.

It is not the first time that RBI has taken measures to curtail unsecured lending. In past also there has been instances when banks and NBCF's got aggressive to push credit growth and RBI has to tame them, first through verbal advice in public forum than then through rules and regulations. But the fact is that in capital starved countries like India, demand for credit will always remain high. This means that despite all the short term issues, in the long term a good lender which has a risk management system in place will be able to grow its top and bottom line.

As a sector, it has been going through structural changes. Right from the entry of the new age, fintech players whose target is to get business by reducing the cost of transactions to mega mergers of HDFC and HDFC Bank. On the other side there has been a quiet comeback by the PSU banks space, which after many years are showing improved performance on many parameters on a sustained basis.


List of NIFTY Financial Services stocks with 'Strong

Buy/Buy/Hold/Sell'

recommendations

NIFTY Financial Services Stocks

Upside Potential-Nov 24, 2023

Search in table

Company Name Avg Score

ICICI Bank

Reco

Strong Buy

Analyst Count

41

Upside Potential Inst Stake

28.9

Market Cap Rs Cr

53.8

647,010

Company Name

HDFC Bank

Avg Score Reco

Buy

Analyst Count

41

Upside Potentials

27.5

Inst Stake

49.3

Market Cap Rs Cr

1,154,973

Company Name

SBI

Avg Score

9

Reco

Buy

Analyst Count Upside Potential

42

27.0

Inst Stake

271

Market Cap Rs Cr

499,734

Company Name

Bajaj Finance

Avg Score

Reco

Buy

Analyst Count

31

Upside Potential Inst Stake

25.0

Market Cap Rs Cr

21.0

437,081

Company Name

SB Cards

Avg Score

5

Reco

Hold

Analyst Count

24

Upside Potential

18.7

Inst Stake

21.3

Market Cap Rs Cr

70.160

Company Name

Kotak Mahindra Bank

Aug Score

7

Reco

Analyst Count

Buy

35

Upside Potentials

17.9

Inst Stake Market Cap Rs Cr

48.6

345,518

Company Name

Axis Bank

Avg Score

Reco

Buy

Analyst Count

42

Upside Potential Inat Stake

16.1

62.7

Market Cap Rs Cr

307,968

Company Name Avg Score

SBI Life

Reco

Analyst Count

Upside Potential Inst Stake

Market Cap Rs Cr

Company Name Avg Score

5

Strong Buy

30

14.1

26.3

141,404

ICICI Prudential Life

4

Reco

Buy

Analyst Count

31

Upside Potential Inst Stake

11.7

153

Market Cap Rs Cr

80.046

Company Name

Shriram Finance

Avg Score

10

Reco

Buy

Analyst Count

32

Upside Potential

11.4

Inut Stake Market Cap Rs Cr.

51.1

74,132

Company Name

HDFC Life

Avg Score

Reco

Buy

Analyst Count

32

Upside Potential

9.9

Inst Stake Market Cap Fls Cr

242

142,923

Company Name Avg Score

Bajaj Finserv

Reco

Buy

Analyst Count

10

Upside Potential Inst Stake

7.1

Market Cap Rs Cr

101

258,673

Company Name Avg Score

Reco

LIC Housing Finance

Buy

Analyst Count

28

Upside Potential

7.0

Inst Stake

75.2

Market Cap Rs Cr

25.028

Company Name

Avg Score

Cholamandalam Investment & Finance

7



source: et 

Nov 25 2023, 10:29

46 smallcap stocks, hit fresh 52- week highs:

 About 29 smallcap stocks scaled fresh 52-week highs in the last week. Some of the popular names in the smallcap list are SpiceJet, Latent View Analytics, SeQuent Scientific, Morepen Laboratories, Bliss GVS Pharma, SML Isuzu, Anand Rathi Wealth, Edelweiss Financial Services, Prataap Snacks, and 63 Moons Technologies.

Agencies The week gone by saw the benchmark Sensex giving muted returns, but as much as 46 stocks in the smallcap segment clocked double-digit weekly gains of up to 31%.

The Sensex ended the week with a net gain of 0.3% and settled at 65970.04 points. However, the S&P BSE Smallcap index rose 0.5% on a weekly basis.


Some of the popular names in the smallcap list are SpiceJet, Latent View Analytics, SeQuent Scientific, Morepen Laboratories, Bliss GVS Pharma, SML Isuzu, Anand Rathi Wealth, Edelweiss Financial Services, Prataap Snacks, and 63 Moons Technologies.

The sustaining of the pricing scenario is key for the sector, and we need to watch it closely over the coming quarters," Meeta Shetty of Tata AMC said in a recent interview.

Public sector insurance companies topped the list of midcap gainers, with Life Insurance Corp of India, General Insurance Corp, and New India Assurance surging over 10-38% on a weekly basis.

The gains came after the country's largest life insurer announced plans to launch 3-4 products over the coming months to push growth in its new business premium (NBP) segment.


source:et 

Nov 25 2023, 07:46

7 auto stocks with upside potential of up to 38%:


A company announced the launch of an EV tractor. The reaction on the street, a 20 percent jump in stock price in a single trading session. The company in question has been in this space for decades but the launch of just one product in the EV space changed the whole perception and re-rated the stock. It is very likely over the next couple of quarters that large old companies in the automotive industry may see such possible re- ratings. 

TVS motors and Tata motors, a large part of it can be attributed to their moving early into EV space. Let's go back a couple of years. What dominated the headlines was the XYZ startup focused on EV space has become a unicorn because it has raised US $ 20 million at such and such valuations. Here we need to make a distinction between the total amount raised which will go into operation of the company and the valuations. 

The total amount which is real business is just Rs 150 crore, though the valuation has crossed more than a US Sone billion dollar. Valuations don't run business, they only get headlines.

The reason why this is relevant is that a large old two wheeler company with which this startup is supposed to compete, its quarterly profit only is more than than 10 times this money raised by this start up. But because it is something which happens every quarter, it does not make it to the headlines.

So, this old two wheeler company languished on the street as people are not able to relate it to EV opportunity just because it is not telling anyone what are its plans for EV space.


Auto Sector - Upside potential

Nov 24, 2023

Company Name

Maruti Suzuki India

Avg Score

9

Reco

Buy

Analyst Count

43

Upside Potential

38.3

Inst Stakes

29.9

Market Cap Type

Large

Market Cap Rs Cr

317,003

Company Name

M&M

Avg Score

8

Reco

Buy

Analyst Count

39

Upside Potential %

35.9

Inst Stake%

53.5

Market Cap Type

Large

Market Cap Rs Cr

192.243

Company Name

Ashok Leyland

Avg Score

Reco

Buy

Analyst Count

39

Upside Potential

Inst Stake

Market Cap Type

Market Cap Rs Cr

Company Name

Avg Score

Reco

Analyst Count

Inst Stake S

Market Cap Type

*Upside Potential%

Market Cap Rs Cr

33.8

29.3

Large

52248

Tata Motors

10

Buy

31

23.7

25.0

Large

225.887

Company Name

Eicher Motors

Avg Score

7

Reco

Buy

Analyst Count

38

Upside Potential%

Inst Stake S

Market Cap Type

Market Cap Rs Cr

Company Name

19.7

26.6

Large
106,271

Hero MotoCorp

9
Avg Score

Reco

Buy

source: et 

Nov 24 2023, 10:30

Radar: 7 factors make City Union Bank a good bet:

Despite being a smaller sized bank and having a concentrated presence in south India, City Union Bank has all the features of a large private bank, believes Sandeep Raina of Nuvama Professional.

City Union Bank has been one the fastest growing small-sized banks in India with a rare status of being one of the most consistent in terms of growth and operating metrics.
The bank delivered steady and superior return ratios and controlled its delinquencies till FY19.

The average slippage run-rate between FY03-19 was 1.8% which increased to 3.2%, restructured book also increased to over 5% and SMA- 2 book also remained elevated.

Bank's NIMs remain in the range of 3.8-4.2%, cost-to- income ratio at 39-44%, PPOP- assets at 3% and credit cost remained benign because of a better recovery rate of 65-70% in slipped accounts.


source: et 

Nov 24 2023, 10:19

The midcap stocks with 'strong buy' & 'buy' recos can rally over 20%:

There has been an improvement in the underlying sentiment for the midcap as reflected by improvement in the market breadth. Also once again on some trading sessions, mid-caps are once again performing better than large caps. During the next few weeks, market breadth of the midcap segment would be a key indicator to watch. If the breadth remains positive then it would be a bullish indication. 

The mid-cap have been able to once again outperform in the short term. Keep an eye on liquidity as that will determine what happens to mid-cap stocks.

The list contains selected companies from different sectors. Unlike the past, this time the list is not dominated by companies from one particular sector. Making to the list are companies from infrastructure, small banks, retailers amongst others.

Mid Cap Upside Potential

Search in table

Company Name

Reco

Analyst Count

Upside Potential %

MarketCap Rs Cr

PVR INOX
14

Upside Potential %

26.3

MarketCap Rs Cr

5,721


24

Upside Potential %

22.7

MarketCap Rs Cr

Company Name
HG Infra Engineering 
16,242

Reco

Analyst Count

Upside Potential %

22.4

Strong Buy

17

33.5

8,364
Equitas Small Finance Bank Buy

17


source: et 

Nov 24 2023, 10:08

6 housing finance stocks with upside potential of up to 32%:

The recent RBI guidelines on tightening the normal for provision for unsecured lending, bring back the debate to whether from a long term perspective, it is better to own a good housing finance stocks as it largely secured portfolio or should be stick to unsecured lenders who have faster growth rate. 

Despite all the ills of the real estate and housing finance business, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. So, it is a business which is good to own but what you choose to own matters most.

Housing finance as an industry had its fair share of controversies. If one looks at the root cause of the NBFC crisis, it is clear, it was housing finance companies which were at the centre of the crisis. If one looks globally also, either directly or indirectly, they have been at the root of a financial crisis or a scam.

One of the reasons why this sector carries such risk is that the underlying asset, which is real estate itself, is both cyclical and non-transparent. Despite all the ills, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. 

NBFC - Housing Finance - Upside potential
Nov 23, 2023
Company Name
Aptus Value Housing Finance

Avg Score
5
Reco
Buy
Analyst Count

12

 Upside Potential%

32.1

Inst Stake%

58.1

Market Cap Type

Mid

Market Cap Rs Cr

14,344

Company Name

LIC Housing Finance.

Avg Score

9

Reco

Buy

Analyst Count

28

 Upside Potential %

31.4

Inst Stake %

75.2

Market Cap Type

Large

Market Cap Rs Cr

25,099

Company Name

Can Fin Homes

Avg Score

7

Reco

Buy

Analyst Count

18

 Upside Potential%

30.5

Inst Stake%

34.2

Market Cap Type

Market Cap Rs Cr

Company Name

Mid

10,214

Repco Home Finance.

Avg Score

8

Reco

Buy

Analyst Count

10

 Upside Potential%

30.4

Inst Stake %

32.5

Market Cap Type

Small

Market Cap Rs Cr

2,470

Company Name

Home First Finance Co

Avg Score

5

Reco

Buy

Analyst Count

17

 Upside Potential%

29.0

Inst Stake%

19.0

Market Cap Type

Mid

Market Cap Rs Cr

8.061

Company Name

PNB Housing Finance

Reco

Avg Score

Analyst Count

Inst Stake %

Market Cap Type

Market Cap Rs Cr

4

Buy

9

 Upside Potential%

17.4

51.7

Large

21,014

*Calculated from highest price target given by analysts

source: et 

Nov 24 2023, 09:41

5 largecap stocks from different sectors with upside potential up to 31%:


Whether it is the bullish or bearish phase of the markets, it always pays to stay with a better quality of balance sheet and in companies which have the ability to withstand the slowdown which every economy faces at different points of time. Especially when valuations are not cheap by any standard, it would be good to stay with large caps if one is thinking of increasing exposure to equity.

The month of November has been better for bulls, a little bit of correction here and there, but overall market sentiment has been bullish. This is largely because of the fact that some of the headwinds which Indian markets have been facing might have receded. Right from high oil prices to US bond yields are something which could have been a big problem for the Indian market but at least at this point of time are behind us.

A look at stocks which have shown outperformance in the phase of volatility in the nifty of the last few weeks. Outperformance can be measured in a couple of ways: either the stock has not fallen as much as the Nifty or it has been able to move up even if the index has slipped southward and when Nifty witnessed a recovery, it was among the first to gain. Also when the stocks are able to move faster then nifty or the index which they are part of.


Large Cap Stocks with Score Improvement Month on Month
Upside Potential-Nov 23, 2023
Company Muthoot Finance

Name
Latest 7
Avg
Score
Avg 6 Score 1M

ago

Reco

Analyst 22

Count

Upside 31.0

Potential
Buy

1M 5.0 Return
Inst
17.4
Stake
Market 53,6-47
Cap Rs
Cr
Company Max Financial Services Name
Latest
Avg
Score
Avg Score 1M

ago

Reco Buy

Analyst 16

Count

*Upside 23.3

Potential

1M

5.0

Return

Inst

77:9

Stake

Market 33,612

Cap Rs

Cr

Company Cummins india

Name

Latest 9

Avg

Score

Avg

Score 1M

ago

Reco Analyst 23

Hold

Count

Upside 19.2 Potential

1M 9.0

Retum

Inst

324

Stoke

Market 51,135

Cap Rs Cr

Company Pidilite industries

Name

Latest

Avg

Score Avg 3

Score 1M

ago

Reco

Hold

Analyst 19 Count

Upside 19.0 Potential

TM Retum 49

Inst 14:8

Stake Market 126,545

Cap Rs

Cr

Company Max Healthcare Institute

Name

Latest 8 Avg

Score

Avg Score 1M
7
ago

Reco Buy Analyst 13

Count

Upside 18.4 Potential

1M 56 Retum

Inst 53.0

Stake Market 59,933

Cap Rs

Cr

Calculated from highest price target given by analysts


source:et 

Nov 24 2023, 09:30

Stock Radar: Up 10% shortly, Hero MotoCorp suggested  likely to continue:

The 2-3-wheeler stock hit a 52-week high of Rs 3,528 on 23 November. It rose from Rs 3,177, which translates into an upside of over 11% in a week. The momentum also helped the stock break out from a consolidation pattern since March 2021 in which Rs 3,200-3,300 acted as a stiff resistance on the daily charts.

Short-term traders can look to buy the stock on a decline for a possible target of Rs 3,560 in 2- 3 weeks, suggested experts.
The 2-3-wheeler stock hit a 52- week high of Rs 3,528 on 23 November. It rose from Rs 3,177, which translates into an upside of over 11% in a week.

"Hero MotoCorp counter is shifting gear and holding on quite well. It has come out of its range on the weekly basis, which suggests a good potential up move," said Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd.



source: et 

Nov 24 2023, 09:24

3 insights to kick-start the day;Go First's future:

Go First heads for liquidation; Scott Schleifer leaves Tiger Global; and Mamaearth profit nearly doubles. Go First is headed for sunset with bankers set to consider liquidation.

Nearly seven months after Nusli Wadia's Go First announced a surprising bankruptcy offering itself to the National Company Law Tribunal (NCLT), the airline has failed to get a single suitor. The lone Jindal Group, which had sent its interest, has not pursued it any further.

 The announcement of the departure of the private investment chief of the New York-based global fund house made ripples in the Indian startup ecosystem. Schleifer, a regular fixture on the Forbes Midas Touch list and a billionaire, is a founding team member of Tiger Global. Like his predecessor Lee Fixel, Schleifer too would leave behind a stellar record, especially with his multiple China investments such as JD.com, Didi Chuxing, and Meituan.

Shares jumped 20% to a new high of INR423.75 on Thursday, as Q2 net profit skyrocketed 93% to INR29.4 crore.

Revenue from operations in the September quarter increased 21% to INR496 crore. While there was a growth deceleration sequentially, the management attributed this to ERP changeover. Jefferies reiterated its 'buy' rating on the stock after the upbeat results and raised its target price to INR530 from INR520 earlier.