HomeNewsBusinessStocksHere are stocks that are in focus

Here are stocks that are in focus

Some of the stocks that should be on your radar are: Bharat Financial Inclusion, Federal Bank, Dewan Housing Finance Corporation, Jubilant Foodworks, Bharat Electronics, Adlabs Entertainment, L&T Technology Services, Adani Enterprises.

September 23, 2016 / 12:53 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Bharat Financial: Bharat Financial re-filed for QIP yesterday after technical error in initial filing. Sources say QIP demand has been very good; Nearly 3x book size. Bharat Financial to raise Rs 750 crore via QIP; Price band of Rs 732-770/share. QIP price band is at a 5-10 percent discount to CMP. Book Value will increase from Rs 205 to Rs 251 in FY18. Jubilant Food analyst meet: MoSL says Q2 SSS growth will be positive due to launch of Burger Pizza. MoSL says Stock trades at 44x FY18e PE premium to peers. Jubilant Food will await more clarity to emerge before we turn constructive. ICICI Security says impact from food delivery aggregators is minimal. ICICI Security believe SSS growth is on a decline & margin levers reducing. Maintain Sell; Target of Rs 895. JPMorgan says Management assures Ajay Kaul's departure will not impact business operations. Recent CEO resignation & SSS growth uncertainty to affect near-term price performance. Overweight; Target of Rs 1,155. Stock rises 6 percent From Wednesday's low of rs 923.50/share. BEL analyst meet takeaways: Management sounded cautious and conservative. Guided for 10-12 percent revenue growth for FY17. Margins are expected to contract by up to 100 basis points. FY17 order intake expected to be in range of Rs 10,000-15,000 crore. Inflows to stay in Rs 10,000-15,000 crore range for next 2-3 years.Adlabs Entertainment: Adlabs Entertainment Insync Capital Partners LLP buys 3.5 lakh shares at Rs 81.80/share. Adlabs Entertainment total debt at Rs 1,004 crore as of March 2016. FY16 revenue at Rs 252 crore, Net Loss at Rs 103 crore. FY16 EBITDA at Rs 41.5 crore versus Rs 22.3 crore. Key triggers are Improving operational performance, Increase in Footfalls, Reduction in Debt. Management to CNBC-TV18 on July 29 expect FY17 footfall growth of 8-10 percent. Expect to break even in cash in FY17. Debt repayments come up in FY19.Global Sugar: Prices at 4-year high. March contract hits high of Rs 23.67/kg. China launches enquiry into soaring imports.L&T Tech: L&T Technology Services, the subsidiary of engineering & construction giant Larsen and Toubro , will list its equity shares on September 23. The issue price is fixed at Rs 860 per share, the higher end of price band. The Rs 894-crore issue, which opened for subscription during September 12-15, was oversubscribed 2.52 times. It is the second company from the L&T Group to hit the capital market with an IPO since July, after L&T Infotech that listed on July 21.Adani Enterprises: According to reports Adani Enterprises slashes Australian Carmichael mine project size from USD 16 bn to USD 4 bn. Project size reduced due to fall in coal prices, project delay. Production target marked down to 25 mtpa vs 60 mtpa earlier. Targets to start construction by late 2017. Plans to ship production by 2019. Management says have invested over USD 1 billion in Australia Carmichael Project. Other stocks in focus are Federal Bank and DHFL.

first published: Sep 23, 2016 12:53 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!