Ideas for profit | GRSE: Should you buy the stock post 18% correction from recent high?
The share price of Garden Reach Shipbuilders and Engineers' (GRSE) has corrected recently led by overall weakness in the stock market. The stock has fallen from the high of Rs 324 per share in May 2022, to the current price of around Rs 260 apiece. Interestingly, with close to a 3 percent dividend yield, valuations are quite attractive at 9 times its FY24 estimated earnings. Should you invest for the long haul? Watch the video to find out
Ideas for profit | Strong earnings, EV focus & robust portfolio makes this auto stock a worthy bet
Despite raw material challenges, this auto ancillary company sustained healthy performance in Q1FY23m reporting sequential growth in net revenue, driven by higher share of the commercial vehicles segment. Given a strong order book and robust product portfolio, MC Pro believes this stock is worth buying. Watch the video to know more
Ideas for Profit | Is this chemical stock worth a buy despite management lapses, muted valuations?
MC Pro recommends this chemical stock to high-risk investors as legal disputes and weak performance have led to muted valuations. We believe the company’s growth trajectory may move up from here compared to 9% CAGR in EBITDA over FY18-22. Watch the video to find out more about the stock
Ideas for profit | Has PVR become attractive since stock price correction ahead of Inox merger?
MC Pro continues to be bullish on the movie exhibition sector and raised its FY24 revenue & EPS estimates for PVR by 5.8 percent and 9 percent, respectively. PVR's share price has corrected 13 percent from the 52-week high this month. Is this the right time to buy? Watch the know to find out
Ideas for profit | Apex Frozen Foods: Stock rallies as supply chain bottlenecks ease; Time to buy?
Apex Frozen Foods reported a promising set of numbers in Q1FY23. The business is making good progress as supply chain bottlenecks seem to be easing and volumes are also improving. The stock has seen a sharp upmove of around 30 percent in recent weeks. Are the current valuations reasonable from a long-term perspective, or should you wait for some correction before buying the stock? Watch the video to find out
Ideas for profit | ABB India: Can the stock generate higher returns?
Capital goods and engineering companies are looking up after a long time. Despite higher commodity prices and interest rates, most of these companies have reported strong order inflows, and a very healthy pipeline. Reflecting this trend, ABB India has reported its highest quarterly revenue for the first time after COVID-19. While further re-rating is ruled out, stock returns would eventually track the earnings growth. Watch the video to know if you should invest.
Ideas for profit | Divi’s Labs: Should you buy the stock despite weak margins & rising costs?
Divi’s Labs reported a weak performance on the margins front in its latest quarterly result with EBITDA margins contracting by 630 bps QoQ. However, MC Pro expects part mean reversion in the coming months as prices of solvents and basic chemicals have moderated. Here’s why we think you should buy the stock during weak phases of market
Ideas for profit | Page Industries: Strong earnings and expansion plans to drive the stock higher?
Page Industries reported record sales and net profit in the last quarter despite a steep increase in cotton as well as fuel prices. As the management aims to gain market share by aggressively enhancing the distribution presence and filling product gaps, MC Pro recommends buying the stock.
Ideas for profit | Strong growth despite commodity cost inflation; Should you buy this auto stock?
The shares of this automotive giant are trading at a 20 percent discount to fair value, and MC Pro recommends investors accumulate the stock for the long term. The outlook is positive, driven by a pent-up demand preference for premiumisation, sharp momentum in exports, significant growth in the CV segment, and an improvement in fleet utilisation. Watch the video to know which stock this is and if you should invest.
Ideas for profit | IHCL: Can earnings & valuation re-rate on back of hotel sector upcycle post COVID?
IHCL looks poised to deliver 33 percent EBIDTA margins by 2025. At CMP, the stock is trading at EV/EBIDTA of about 20 times its FY24 estimates. Given the hotel sector upcycle, earnings estimate as well as the valuation multiples can re-rate. Here's why
Ideas for profit | This auto stock offers strong gains from current levels; Buy on dips for long term
This automotive giant’s Q1FY23 performance was in-line, driven by auto segment that arrested the weakness in tractor business. Its order bookings and demand continue to be buoyant from the medium-long term perspective. This, coupled with the company’s strong leadership in farm equipment makes it a candidate for the long-term. Watch the video to know which stock this is and if you should invest for the long haul
Ideas for profit | MAS Financial: Trading at steep discount to its IPO valuation; Should you buy?
MAS Financial has maintained high quality of earnings backed by decent growth in Q1FY23. With economic activity picking up and a stable funding scenario, we expect strong earnings growth in the next two years as well. Given the consistency and quality, MC Pro suggests the stock should find a place in your long-term portfolio. Watch the video to know if you should invest
IIFL Wealth vs Prudent: Which wealth management stock to buy in a volatile market | Ideas For Profit
While IIFL wealth reported strong earnings in Q1FY23 with net profit rising by 34% year-on-year, the newly-listed mutual fund distributor Prudent Corporate Advisory also saw net profit rise 25% YoY on the back of strong growth in AUM, and an improvement in product mix. Given the huge opportunity in wealth management, find out which stock MC Pro suggests adding to your portfolio
Ideas for profit | This SaaS co may gain from travel demand; Buy the stock amid market volatility
The largest software as a service (SaaS) company in the travel and hospitality industry in India is helping travel brands maintain rate integrity across multiple points of sale online, forecast demand and manage their online reputation. MC Pro advises investors to add this company’s stock gradually on decline for the long haul. Here’s why
Ideas for profit | Metro Brands: One of the best performing retail stocks; Should you buy?
Metro Brands posted its best-ever quarterly results in Q1FY23. With aggressive store expansion and a strong growth outlook, it has efficiently managed the inflationary cost pressures, reporting margin improvement in June’22 quarter. The stock has hugely outperformed the market and MC Pro retains a positive view on MBL, and advises investors to add the stock to their portfolio. Here’s why
Ideas for Profit | JK Paper: Stock offers reasonable upside on earnings visibility
Post the pandemic, JK Paper has emerged stronger, displaying resilience during downtrends and bounce-back during recovery. Despite the recent spike in major input costs, the company delivered an all-around performance in Q1FY23. Can JK Paper sustain the strong earnings trajectory from hereon? Watch the video to find out.
Ideas for profit | Jubilant FoodWorks: Stock trading below long-term historical range; time to buy?
Jubilant FoodwWorks is enhancing its core Domino's business in India by opening new stores, boosting same-store sales growth, and offering new products. It has also maintained the EBIDTA margins over the last two quarters and aims to maintain it in the current fiscal, which implies a healthy profitable growth. MC Pro stays bullish and advises investors to add the stock to the portfolio
Ideas For Profit | VIP Industries: Why current market volatility is the right time to buy this stock
VIP Industries has a strong balance sheet, and MC Pro expects a healthy earnings CAGR for the next few years. The valuation still seems to be at a discount to most other consumption categories. Does the stock offer good potential and is VIP a strong play to ride the sector tailwinds? Watch the video to find out
Ideas for profit | Larsen and Toubro (L&T): Can potential earnings upgrade support the stock price?
From peak levels seen in January this year, at around Rs 2,100, L&T’s stock has corrected along with the overall correction in the market to a low around Rs1,455 per share in the last week of June. While it has seen swift recovery, even at current levels, the stock offers good value. Here's why
Ideas for Profit | Axis Bank: Stock valuation at a discount to other private banks; Should you buy?
Axis Bank has a focused strategy to improve margins, drive profitable growth to reach its aspirational ROE of 18 percent in the next three years. Can the bank achieve this feat, and should you invest for the long term? Watch the video to find out
Ideas for Profit | How ICICI Bank narrowed valuation gap with HDFC Bank; stock to re-rate further?
ICICI Bank posted an improvement on all fronts in Q1FY23 numbers. The strong performance of the bank gets reflected in its stock performance. ICICI Bank has not only delivered higher returns compared to HDFC Bank but also outperformed the Nifty and the Nifty Bank in the past 1, 3 and 5 years by a wide margin. Will the outperformance continue? Is there scope for the stock to re-rate? Watch the video
Ideas For Profit | Syngene: High valuation likely to sustain; Use market correction to buy the stock
Syngene International not only reported a steady set of numbers but also guided for a healthy underlying growth outlook. While it continues to be in the investment phase, risks to watch are execution in the field of biologics and pending regulatory approvals. MC Pro suggests using market corrections to accumulate the stock for the long term. Here's why!
Ideas for Profit | IndusInd Bank: Stock valuation undemanding, further re-rating likely
IndusInd Bank started this fiscal year on a strong note with robust growth in advances, stable interest margin, steady core fees, and comforting asset quality with slippages largely from the restructured book. With the stock underperforming Nifty as well as Bank Nifty in the past three months, and trading at a reasonable valuation, MC Pro sees scope for further re-rating. Here's why.
ICICI Lombard: High stock valuation likely to sustain; should you buy during phases of market weakness?
At the current market price, ICICI Lombard is trading at a valuation of 6.4 times trailing book value, which is undoubtedly rich. However, MC Pro believes its premium valuation will sustain given market-leading share in a secular growth sector, and several other tailwinds. We believe any weakness in the stock price should be used as an opportunity by long-term investors to add the stock. Here's why
