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Shares of KEC International made a bottom at around Rs 390 and then moved up to the current level of around Rs 450. Despite the recovery, the stock still offers great value. It is quoting 14 times its FY24 estimated earnings, around its long-term average, which is quite attractive. Here’s why
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Visaka Industries posted a jump of 37% in revenue for Q1FY23 on a year-on-year basis as positive market momentum in the rural economy translated into healthy volume growth in the core business. MC Pro suggests long-term investors to keep the stock on the radar as the current valuations offer significant scope for further multiple expansion in the medium term. Here’s why
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Jyothy Labs, having a diversified product portfolio, strengthened its core business with focus on distribution and brand investment despite witnessing high inflationary pressure. The company’s revenue grew 22% in the June quarter (excluding HI business) and the raw material basket increased by 14%. MC Pro suggests investors expecting moderate returns and with a longer term view to buy the stock at current levels and add on declines.
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This retail stock gained 29%, outpacing Nifty’s 14% upmove since MC Pro’s recommendation three months ago. We remain positive and advise investors to add the stock in the portfolio. While EBIDTA margins improved strongly to 18.4% in Q1FY23, operating leverage, owing to strong topline growth, led to margin improvement. Watch the video to find out the stock.
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LG Balakrishnan, operating in a niche segment of auto ancillary industry, has a strong brand, long-term relationship with clients, and strong financials. With leadership position in domestic market coupled with positive industry outlook and reasonable valuations, MC Pro suggests investors to buy the stock. Watch the video for more.
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In Moneycontrol Pro's Discovery Series, we look at companies that are promising but were not under our active coverage so far. And Speciality Restaurants is one such name. With cost control measures, it turned profitable last fiscal (after a gap of six years). We expect profitability improvement to sustain going forward as well. Here’s why
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Despite being impacted by Covid-led stress, RITES has reported strong execution along with growth in new orders. While the stock has seen a sharp run-up in the recent months, which could pose some near-term price risk, MC Pro believes the stock still offers good value and should be accumulated on attractive valuations, quality of business and growth opportunity.
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RIL has announced its entry into the highly competitive FMCG sector via Reliance Retail. CJ believes new competition could hurt valuations of FMCG stocks but Santo sees limited risks. Watch the duo clash heads over what RIL's entry means for FMCG stocks plus their thoughts on Escorts and BLS International
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This steel stock is a proxy play for increasing steel production. As India is likely to witness incremental production of nearly 15-20 million tonnes of steel in the next 3 years, MC Pro expects this company’s revenue to grow at 20% and 12%, respectively for 2022 and 2023 and also expects higher dividend payout which will improve return ratios. Investors with a long-term view and expecting moderate return can accumulate at current levels and add on declines.
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Despite the steep market correction, demand concerns related to electric vehicles across Europe, and the shortage of semiconductors, MC Pro recommends investors accumulate this stock in a staggered manner given its significant presence in the two-wheeler segment. Watch the video to find about the best proxy for two-wheeler segment growth
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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
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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
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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
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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
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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.
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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
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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.
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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
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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
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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
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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
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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.
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2021 saw an IPO rush as companies across industries went public. Here are some of them with their experience of life after listing.
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Thangamayil Jewellery mentions in its annual report that June’22 quarter was its best ever quarter in history. While the stock has corrected by about 25 percent in the past six months, market share gains from unorganised players provides a huge growth opportunity. MC Pro recommends long-term investors to add the stock to their portfolio. Here's why!
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Detailed guide to all the latest OTT releases, book recommendations, podcasts, and exciting activities to indulge in over the weekend! This weekend, you can pick from a host of Netflix & Amazon prime releases, a book on making better decisions, listening to podcasts, attending fun events & much more!
