Jan 02 2024, 08:27

IndiaFirst Life targets IPO launch by March:

IndiaFirst Life Insurance received approval for an initial public offering from the capital markets regulator Sebi in March last year and aims to float the issue by March. The company is meeting investors to gauge the market sentiment.

The company's value of new business (VNE) and VNB margins have shown positive trends, dien by a shift in the new business mix towend retall and higher-margin non-participatory products

IndiaFirst Life Insurance received approval for an initial public offering from the capital markets regulator Sebi in March last year and aims to float the issue by March. The company is meeting investors to gauge the market sentiment.

Life insurers are becoming a hard sell after the withdrawal of several tax benefits and the poor post-listing show by the biggest player, the state- owned Life Insurance Corporation.

Promoters Bank of Baroda and Union Bank of India are likely to sell a part of their holdings in the IPO.

"It has received final observations from Sebi in March 2023," said a source. "IndiaFirst's public issue can be floated by March 15 this year. If the company does not list now,it will have to file a fresh DRHP with updated financials."

Bank of Baroda, with a 65% stake, plans to offload 10%. Warburg Pincus arm Carmel Point Investment which holds a 26% stake plans to sell 39 million shares, while Union Bank of India plans to sell 30 million shares, according to the draft red herring prospectus (DRHP). The funds raised will be used to increase the company's capital base and enhance its solvency level, which stands at 2.25 times.

source: et 

Jan 02 2024, 08:19

Top Nifty50 stocks analysts suggest buying this week

 Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above- mentioned five component ratings is normally distributed to reach an average score. Each stock is ranked on a scale of 1 to 10.

The following list of stocks in the headline index Nifty50 were given a "Strong Buy/Buy" recommendation in the latest Stock Reports Plus report dated December 31, 2023. Analysts'
recommendations are provided

Price momentum rating is based on a combination of two technical performance factors: relative strength (70% weight) and seasonality (30% weight).


List of Nifty50 stocks with 'Strong Buy/Buy' recommendations and average scores of 8-10.

List of Nifty50 stocks with

'Strong Buy/Buy'

recommendations and average scores of 8-10

Strong

Buy/ Buy Hold /Sell

Reduce Count Count Count

Company Name

Average Analysts' Mean Score Recommendation

NTPC Ltd

10

Strong Buy

19

0

1

ICICI Bank Ltd 9

Strong Buy

37

2

0

Coal India Ltd 10

Buy

14

1

2

Axis Bank Ltd 10

Buy

34

4

0

Tata Motors Ltd 10

Buy

25

4

3

Bajaj Auto Ltd 10

Buy

20 11

7

Maruti Suzuki India Ltd

10

Buy

28

6

3

Bharat Petroleum Corporation Ltd

10

Buy

21

5

4

Hem MotoCorp Ltd

9

Buy

20

7 8

Larsen and Toubro Ltd

9

Buy

27 0

2

Indusind Bank Ltd

9

Buy

37

ITC Ltd.

9

Buy

32

4

0

State Bank of India

9

Buy

35

2

2

Sun Pharmaceutical Industries Ltd 9

Buy

29

Oil and Natural

Gas Corporation Ltd

Buy

18

4

2

Kotak

Mahindra Bank Ltd

8

Buy

15 16

4

Adani Ports and Special Economic Zone

Ltd

8

Buy

18 1 0

Bajaj Finance Ltd

8

Buy

20

3

4

Mahindra and Mahindra Ltd 8

Buy

31

3

0

Power Grid Corporation of India



source:et 

Jan 02 2024, 08:12

Stock Radar: The auto component stock hits a fresh 52-week high in January 2024; 

Samvardhana Motherson International stock rose from Rs 92.05 as of November 30, 2023, to Rs 101.95 recorded on December 29, 2023, which translates into an upside of over 10%.

Samvardhana Motherson International, part of the auto component industry, rose more than 10% in December 2023 to hit a fresh 52-week high and the momentum continued in January 2024 as the stock touched a fresh peak.

The stock rose from Rs 92.05 as of November 30, 2023, to Rs 101.95 recorded on December 29, 2023, which translates into an upside of over 10%.


"Post consolidating in a range for the last four months, Samvardhana Motherson stock has given a breakout from a channel with high volumes," Ruchit Jain, Lead Research, 5paisa.com, said.


"The price volume action is bullish, as we did not see any volume-based selling in the recent corrective phase while the upmove has resumed with high volumes,” highlighted Jain.

"We advise short-term traders to look for buying opportunities in Samvardhan Motherson in the range of Rs. 102-100 for potential targets of Rs. 108 and Rs. 114."




source: et 

Jan 02 2024, 08:02

Stock picks: 4 stocks with consistent score improvement and upside potential up to 27%:

The nifty has started 2024, in holiday mode as it trades flat, the other part of the market which is the mid and small cap are continuing with the party mode which they had started six months ago. This is reelected in the market breadth. In all market conditions, one should not forget the basic principle of investing, fundamental matters and valuations finally rule the markets. 

Similarly a number of industries are witnessing fundamental developments both negative and positive. For example, oil prices have come down, that is the reason we saw oil marketing and refining companies stocks performing well in the last couple of weeks. If things remain this way, it is very likely that we will see companies from sectors like cement and others also do well, because energy and transportation costs play an important role in these industries. 

Also, lower oil prices are good for the Indian economy, so lower oil prices are bound to keep flows high to Indian markets. On the other hand, metal prices have remained subdued for some time, which means that while metal companies may not see a sharp jump in their bottomline, the user industry like automobiles would be able to show better performance as they have shown in last quarter results. So, while the narrative and stock prices might be doing one thing, it is time to focus on fundamentals and any change at that front is what should be looked at.

 The selected list applies different algorithms for all BSE and NSE stocks.

For this, we have curated the list of stocks with minimum upside potential of 15%. Also, we narrowed down the list further by selecting only those stocks with an average recommendation rating of either "Strong Buy" or "Buy" or "Hold"


Top Picks of the week

Jan 1, 2024

Company Name

Dalmia Bharat

Latest Stock Score

8

Stock Score 1W ago

7

Stock Score 1M ago

6

Reco

Buy

Analyst Count

29

 Upside Potential (%)

27.9

Inst Stake (%)

13.8

Market Cap Type

Large

Market Cap Rs Cr

42,654

Company Name

Finolex Cables

Latest Stock Score

9

Stock Score 1W ago

8

Stock Score 1M ago

7

Reco

Analyst Count

Buy

7

 Upside Potential (%)

27.2

Inst Stake (%)

22.1

Market Cap Type

Mid

Market Cap Rs Cr

Company Name

16,353

Automotive Axles

Latest Stock Score

10

Stock Score 1W ago

9

Stock Score 1M ago

8

Reco

Strong Buy

Analyst Count

1

 Upside Potential (%)

24.0

Inst Stake (%)

12.6

Market Cap Type

Small

Market Cap Rs Cr

3.246

Company Name

Ahluwalia Contracts

Latest Stock Score

9

Stock Score 1W ago

8

Stock Score 1M ago

7

Reco

Hold

Analyst Count

11

 Upside Potential (%)

18.6

Inst Stake (%)

38.4

Market Cap Type

Mid

Market Cap Rs Cr

5.209

* Calculated from highest price target given by analysts



source: et 

Jan 02 2024, 07:52

4 chemical sector stocks with almost 20% upside potential:

The chemical sector is facing headwinds due to excess supply, lower volumes, falling realisations and lower exports due to weak demand from Western countries. While the agri-input companies are seeing pricing pressure due to inventory rationalisation, higher Chinese exports are denting the performance of specialty chemical companies.

There are 50 chemical companies in the Nifty 500 index that reported a 14.7% and 18.1% y-o-y decline in aggregate revenue and net profits, respectively, in the September quarter. Of these, Reuters-Refinitiv had earnings estimates for 39 companies. As many as 26, or 66.7%, companies missed earnings estimates.

However, analysts believe the fundamentals will improve in 2024-25. The performance in the second half of 2023-24 will be better than in the first half. The recovery will be led by strong domestic demand, reduction in high-cost inventories and stabilising raw material and operational costs. Reports from Axis Securities, Sharekhan, Elara Securities and Morgan Stanley, released in November, were optimistic about the sector's prospects.

Growing reliance on India by international customers, robust consumption of crop protection products in North America and Latin America, focus on enhancing customer relationships and efficient inventory management are some of the factors mentioned by the Axis Securities report that are expected to drive the medium and long-term growth of the sector. 

GALAXY SURFACTANTS
 repoted a healthy volume growth of 9.8% y-o-y in the September quarter.

UPL
The Crop Protection chemicals company has reduced its 2023-24 revenue guidance significantly after the September 2023 quarter results due to the persistent subdued global agrochemicals market.

PI INDUSTRIES

THE AGRISCIENCES COMPANY reported a healthy revenue growth of 20% y-o-y in the September 2023 quarter, led by strong performance of the CSM (custom synthesis manufacturing) business. 


source:et 

Jan 01 2024, 13:52

2024: Santa cheers seen spilling over to New Year:

The Santa rally may seep into the global markets in 2024, as per top global banks and brokerages. Indian stock and bond markets should benefit from the country's strong cyclical momentum and structural growth. India's corporate earnings are also likely to be boosted by the China+1 strategy, as serious concerns act as a drag on its prospects.

The Sensex is already trading above the 72000 mark and there is a new-found optimism in the Indian market backed both by the retail and foreign investors. But if the market is up does this that it is risky? India is seeing a massive rally where the midcap index is up 50% and the large-cap is up 20%. While there is a consensus that midcaps may not give high returns in 2024 many of the large-cap stocks are in value territory and are great candidates for the coming year.

Top global brokerages and banks expect the equity markets to do well in 2024 as inflation is likely to align around the target of most central banks.

There are serious concerns about China and its slowdown. While some investors are cautiously bullish on the country, others feel China is a global risk as it is deeply linked with some of the biggest multinationals across the world.


source: et 

Dec 31 2023, 10:27

5 midcap stocks with right RoE and upside potential of up to 42%:

By the end of 2023, there is only bullishness on the street. Why most investors are feeling bullish is not that Fll have returned to markets, but the fact that because mid-cap stocks have done extremely well and their portfolios are once again showing decent returns. As the party continues while staying bullish, just add an element.

Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid- cap stocks this principle becomes even more important for multiple reasons and specially at a time when valuations are not cheap and small corrections can lead to strong negative reaction in stock prices. 

Every sector has a different operating matrix which has high correlation with returns companies in that industry are able to generate. For some industries 15 to 20 percent net margins would be normal. Companies in service industries are able to do it. They are not impacted by the rising interest rates in India, because they are largely debt free, but for others, like construction and contractors, interest rates matter a lot. Whether it is RoCE, RoE or net margins all is dependent on the underlying business. 

 There is a range for each sector and industry. Expecting a commodity business to have double digit margins year after year would be wrong, though there would be time when metal companies will mint money, but then suffer for a long time when metal prices remain under pressure. Like they have been in the last three quarters.

Mid Cap Stocks with Net Margin & RoE

Upside Potential - Dec 30, 2023

Company La Opala R G

Name

Avg 6

Score

Reco Strong Bay

Analyst 3

Count

 Upside 42.6

Potential

Net 30.1

Margin %

RoE% 15.5

Inst 19.6

Stake%

Market 4,124

Cap Rs

Cr

Company Fusion Micro Finance

Name

Avg 9

Score

Reco Strong Buy

Analyst 10

Count

Upside 41.9 Potential %

Net 22.7

Margin %

RoE% 22.6

Inst 16.2 Stake%

Market 5,819

Cap Rs Cr

Company Navin Fluorine International Name

Avg 3 Score

Reco Buy Analyst 24

Count

 Upside 39.4 Potential %

Net 16.4

Margin

RoE% 17.3

Inst 39.0 Stake%

Market 19,095 Cap Rs

Cr

Company Natco Pharma

Name

Avg Score

Reco Hold Analyst 14

Count

 Upside 39.3 Potential %

Net 31.6

Margin%

RoE% 22.9

Inst 19.1 Stake

Market 14,529

Cap Rs

Cr

Company Cera Sanitaryware Name

Avg 10 Score

Reco Buy

Analyst 15 Count

 Upside 38.9 Potential

%

Net 12.3

Margin%

RoE% 20.4

Inst

28:3

Stake %

Market 10,207

Cap Rs Cr

Calculated from highest price target given by analysts


source: et 

Dec 31 2023, 10:19

7 housing finance stocks with a upside potential of up to 34%:

If one looks at what has happened in the last one year, this theory has been turned upside down. Interest rates are high on a relative basis as compared to what they were three years back, but still demand for real estate has not been impacted. It is the economic growth which matters for the demand of real estate. There are two or three ways to play to the real estate boom. One of them is the housing finance companies.

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. 

 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. So, it is a sector which one should own but should take care of one thing that management is conservative enough to ensure that at certain times, there would be a slowdown in the real estate sector and hence the quality of collateral is good enough so that in case of any default, they are able to recover a good part of their exposure.

We take a look at 7 stocks, 3 of them are backed either by PSU bank or insurance company, its own plus and minus but overall basis is still a plus to have a strong parent. A number of them have also implemented tech solutions both from growth and controlling non performing assets NPAs, even during covid and after related issues which emerged post covid.

Housing Finance stocks - Upside potential

Dec 30, 2023

Company Name

Avg Score

Reco

Analyst Count

Inst Stake%

Aavas Financiers

3

Buy

 Upside Potential%

Market Cap Type

Market Cap Rs Cr

Company Name

19

34.40

44.5

Mid

12,125

Home First Finance Co

Avg Score

7

Reco

Strong Buy

Analyst Count

17

 Upside Potential%

34.40

Inst Stake%

21.7

Market Cap Type

Mid

Market Cap Rs Cr

8,219

Company Name

Repco Home Finance

Avg Score

9

Reco

Buy

Analyst Count

10

 Upside Potential%

31.20

Inst Stake %

34.3

Market Cap Type

Small

Market Cap Rs Cr

2.453

Company Name

Can Fin Homes

Avg Score

9

Reco

Buy

Analyst Count

17

 Upside Potential%

28.60

Inst Stake%

36.1

Market Cap Type

Mid

10,359

Market Cap Rs Cr

Company Name

PNB Housing Finance

Avg Score

6

Reco

Buy

Analyst Count

9

 Upside Potential%

24.20

Inst Stake %

51.8

Market Cap Type

Large

20,279

Market Cap Rs Cr

Company Name

Aptus Value Housing Finance

Avg Score

Reco

Analyst Count

 Upside Potential%

Inst Stake %

Market Cap Type

3

Buy

12

23.50

61.1

Mid

15,951

Market Cap Rs Cr

LIC Housing Finance

Company Name

Avg Score

9

Reco

Buy

Analyst Count

28

* Upside Potential%

21.20

Inst Stake%

76.2

Market Cap Type

Large

Market Cap Rs Cr

29,483

Calculated from highest price target given by analysts

source: et 

Dec 31 2023, 10:11

स्टॉक रडार: 80 साल में 1% तक, इस तेल और गैस स्टॉक में रैली खत्म नहीं हुई है:

ऑयल इंडिया का स्टॉक 202 दिसंबर को 26, 2022 रुपये से बढ़कर 381 रुपये हो गया, जो 26 दिसंबर, 2023 को दर्ज किया गया, जो एक साल में 88% की वृद्धि में बदल गया ।  यह एक सप्ताह में 10% से अधिक और एक महीने में लगभग 30% से अधिक हो गया है । 

ऑयल एंड गैस स्पेस का हिस्सा ऑयल इंडिया ने पिछले एक साल में 80% से अधिक की रैली की है और चार्ट पैटर्न से पता चलता है कि रैली खत्म नहीं हो सकती है और दीर्घकालिक निवेशक डिप्स पर स्टॉक जमा करने के लिए देख सकते हैं.

मध्यम से लंबी अवधि के निवेशक अगले 450-9 महीनों में 12 के संभावित लक्ष्य के लिए स्टॉक खरीदना चाह सकते हैं, विशेषज्ञों का सुझाव है । 

तेल और गैस स्टॉक 202 दिसंबर, 26 को 2022 रुपये से बढ़कर 381 रुपये हो गया, जो 26 दिसंबर, 2023 को दर्ज किया गया, जो एक वर्ष में 88% की वृद्धि में बदल गया ।  यह एक सप्ताह में 10% से अधिक और एक महीने में लगभग 30% से अधिक हो गया है । 

"ऑयल इंडिया से ऊर्जा क्षेत्र में क्षमता का सबसे अच्छा उपयोग करने की उम्मीद है ।  इसने मजबूत वॉल्यूम के साथ साप्ताहिक चार्ट पर 13 साल का ब्रेकआउट देखा है ।  पिछले 18 महीनों में साप्ताहिक वॉल्यूम सबसे अधिक हैं जो मजबूत खरीद ब्याज का सुझाव देते हैं," गौरव बिस्सा, वीपी, इनक्रेड इक्विटीज ने कहा । 

"स्टॉक ने इचिमोकू प्रणाली में एक खरीद संकेत भी शुरू कर दिया है जो कीमतों को 450-500 के स्तर की ओर धकेल सकता है," उन्होंने कहा । 

"आरएसआई ने साप्ताहिक चार्ट पर एक स्विंग उच्च ब्रेकआउट देखा है और एमएसीडी लगातार बढ़ रहा है जो बताता है कि प्रवृत्ति मजबूत रहने की संभावना है और आने वाले दिनों में गति बढ़ सकती है," बिस्सा पर प्रकाश डाला गया ।


source: et 

Dec 31 2023, 10:07

इन शेयरों ने स्टॉक रिपोर्ट पर 10 पर 10 रन बनाए:

रिफाइनिटिव, 4,000+ सूचीबद्ध शेयरों के लिए विस्तृत कंपनी विश्लेषण करता है ।  विस्तृत कंपनी विश्लेषण के अलावा, रिपोर्ट प्रत्येक घटक के लिए विश्लेषकों के पूर्वानुमान और प्रवृत्ति विश्लेषण को भी समेटती है ।  स्टॉक रिपोर्ट प्लस में एक औसत स्कोर की गणना पांच प्रमुख निवेश उपकरणों - आय, बुनियादी बातों, सापेक्ष मूल्यांकन, जोखिम और मूल्य गति के मात्रात्मक विश्लेषण के द्वारा की जाती है । 

अस्थिरता, रिटर्न की परिमाण, बीटा और सहसंबंध सहित दीर्घकालिक (5-वर्ष) और अल्पकालिक (90-दिवसीय) स्टॉक प्रदर्शन उपायों की एक श्रृंखला का मूल्यांकन करके जोखिम स्कोर ।  प्रत्येक कारक समान रूप से भारित होता है ।  कम से कम जोखिम वाले शेयरों को 10 की जोखिम रेटिंग दी जाती है । 

साप्ताहिक रिपोर्ट दो तकनीकी प्रदर्शन कारकों के संयोजन के आधार पर मूल्य गति रेटिंग की गणना करती है । 

10/10 औसत स्कोर और 'मजबूत खरीद/खरीद'वाली कंपनियां

विश्लेषकों की सिफारिशें

मजबूत खरीदें / विश्लेषकों का मतलब है खरीदें

कम करें

होल्ड सेल

कंपनी का नाम

सिफारिश गिनती गिनती

गिनती एमकेटीसीएपी, नाम

यूनियन बैंक ऑफ इंडिया लिमिटेड

मजबूत खरीद

7

1 0

बड़ा

एल एंड टी फाइनेंस होल्डिंग्स लिमिटेड खरीदें

13

10

2

बड़ा

कोल इंडिया लिमिटेड खरीदें

15

1

2

बड़ा

हिंदुस्तान

पेट्रोलियम कॉर्प लिमिटेड खरीदें

18 85

बड़ा

नरवाना हृदयालय लिमिटेड खरीदें

4

01

बड़ा

अपोलो टायर्स लिमिटेड खरीदें

14

6

2

बड़ा

जेएसडब्ल्यू

इंफ्रास्ट्रक्चर लिमिटेड खरीदें

11 0

बड़ा

टाटा मोटर्स लिमिटेड खरीदें

25

4

3

बड़ा

बजाज ऑटो लिमिटेड खरीदें

20 11

7

बड़ा

इंडियन ऑयल कॉर्पोरेशन लिमिटेड खरीदें

17 10

2

बड़ा

जिंदल स्टेनलेस लिमिटेड मजबूत खरीदें

8

0

0

बड़ा

मारुति सुजुकी इंडिया लिमिटेड खरीदें

28

6

13 बड़े

मुथूट फाइनेंस लिमिटेड खरीदें

12

3

4

बड़ा

आईटीसी ढक्कन

खरीदें

32

4

0

बड़ा

श्रीराम फाइनेंस लिमिटेड खरीदें

28

3

0

बड़ा

भारत पेट्रोलियम कॉर्पोरेशन लिमिटेड खरीदें

20 5

4

बड़ा

केई इंडस्ट्रीज लिमिटेड खरीदें

8

5

10

बड़ा

केनरा बैंक लिमिटेड खरीदें

10

2

1

बड़ा

उज्जीवन स्मॉल फाइनेंस बैंक लिमिटेड

मजबूत खरीद

14

0

0 मध्य

इरकॉन

इंटरनेशनल लिमिटेड

मजबूत खरीद

2

0

0

मध्य

अरविंद लिमिटेड

मजबूत खरीद

7

0

0

मध्य

आईटीडी

सीमेंटेशन इंडिया लिमिटेड खरीदें

2

1

10

मध्य

वेलस्पन एंटरप्राइजेज लिमिटेड मजबूत खरीदें

0 10

मध्य


source:et