Nucleus Software - Buy on dips

 

The income from software products and services came in at Rs 169 cr for Q3 FY23, growing 30%

The company recorded a 24% sequential growth in consolidated profit at Rs 38 cr for the quarter, driven by strong operating performance as well as a healthy topline.

On the operating front, Nucleus registered EBITDA at Rs 47 cr for Q3 FY23 up 318% Vs PQ. The OPM expanded sharply by 1,947 bps sequentially to 28 percent for the quarter.

Returns

One year - up by 28%

6 months - up by 37%

1 month - up by 42%

1 week - down by 2%

Scrip lost 9.8% on 11 March after spectacular rally. The scrip has been spurting with good volumes indicating interest from institutions. Any declines  to 500 levels can be a good buying opportunity.

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Karnataka Bank - Buy on declines.

Recorded a net profit of ₹300 cr in Q3 FY23 as against ₹146 cr reported in the year-ago period, registering a growth of 105%

The operating profit went up 49% and NII went up 34%

NPA came down to 3.28 per cent 4.11% and net NPA was at 1.66% Vs 2.45%

The provision coverage ratio  at 80%. 

Provisions stood at ₹164 cr Vs ₹138 cr

Advances growth of the bank is healthy at 12%

capital adequacy ratio was at 15%

Returns

One year - up by 157%

6 months - up by 37%

1 month - up by 42%

1 week - down by 2%

has notched 106% higher Q3EPS of Rs.9.7 and 119% higher 9M EPS of Rs.26.5, which may lead to FY23 EPS of Rs.37+ Vs 15.5 in FY22

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Sterling Wilson - Buy on dips

 The company has emerged as the successful bidder for the BOS package comprising of four blocks of 300 MW (AC) each in the proposed 1200 MW Solar PV Project of NTPC Renewable Energy Limited at Khavda RE Power Park, Rann of Kutch, Gujarat

As per Trendlyne data, the average target price estimate for the stock is Rs 454, which shows an upside potential of 44% from the current market prices. The consensus recommendation from one analyst for the stock is a strong buy.

Having a presence in 28 countries, company provides EPC services for utility-scale solar, floating solar and hybrid and energy storage solutions. Within a short span, it created a strong presence in regions such as the Middle East, Africa, Europe, the Americas, and Australia.

Investors should buy around 300 levels and hold for a long term target of 400 for a holding period of 15-18 months.

CMP 316 - Date 23 March 2023

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Himatsingka - Turnaround stock Buy

 Net Sales at Rs 548.19 crore in December 2022 down 24.16% from Rs. 722.87 crore in December 2021.

Quarterly Net Profit at Rs. 1.35 crore in December 2022 down 95.66% from Rs. 31.12 crore in December 2021.

EBITDA stands at Rs. 92.74 crore in December 2022 down 19.96% from Rs. 115.87 crore in December 2021.

Equity Returns

1 week up 8.52%

1 month up 12.32%

6 months down 23.73%

1 year down 47.17%

Textile stocks are underperforming. Stock appeared to have bottomed out around 70 levels. Wait for correction and buy on dips for long term investment.

Astro Microwave - Buy

Company has reported Net Sales at Rs 218.87 cr up 9.95% from Rs. 199.06 crore in December 2021.

Quarterly Net Profit at Rs.30.27 cr up 149.63% from Rs.12.13 cr PY

EBITDA stands at Rs.54.53 cr up 98% from Rs. 27.54 cr 0LY

Astra Microwave EPS has increased to Rs. 3.50 from Rs.1.40 in December 2021.

..

One year - up by 27%

6 months - down by 4%

1 month down by 7%

The company has a good products for Defense, Space, Meteorology, Homeland Security and a wide range of Radars.

Buy on declines and hold long term

Kalyan Jewellers - BUY

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--

The company recorded revenue of Rs 3,884 cr for Q3FY23 as against Rs 3,435 cr previous year, a growth of 13%.

EBITDA was recorded at Rs 327 cr compared to Rs 299 crore PY

PAT was at Rs 148 cr as against 135 cr LY

Over the past 4 quarters, the Company has achieved revenue in excess of Rs 13,500 crore and a PAT of 434 crore.

Returns

One year - up by 74%

6 months - up by 57%

1 month down by 9%

The company has been consistently growing up and is technically bullish. Investors can buy around 105 levels for a TP of 150 in next 1 year.

Company plans to open 52 showrooms during the calendar year 2023 which is a big positive.

Buy ITC Limited for super gains

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Q3 FY 23 Results and outlook

Company declared an aggregate equity dividend of Rs 11.5 per share during last one year.

ITC posted a NP of Rs 5,031 cr in the December quarter, up 21% YoY, and a marginally 2.3% higher revenue from operations of Rs 16,226 crore. 

EBITDA surged 25% YoY to Rs 5,183.5 crore, OPM jumped by a whopping 574 bps in Q3 FY23 to 31.95% due to price hikes and an improved mix.

Returns

ITC shares are quite bullish and trading positive -

gone up by by whopping 70% on yearly basis,

gone up by  22% in the last 6 months and

gone up by 15% in the last 1 month

Currently trading year high and is technically bullish trading 50, 100, and 200 DMA

Any declines in the price will present a golden opportunity to add the blue chip share to your portfolio.

 

Tejas Network - Buy

 

Company reported a net loss of Rs 10 cr in Q3 FY23 as against a net loss of Rs 24 cr posted in Q3 FY22.

Revenue from operations zoomed 156.4% to Rs 274 cr Vs  Rs 107 cr recorded in the same period a year ago.

The company reported a pre-tax loss of Rs 5 cr  as compared to a pre-tax loss of Rs 32.91 crore reported PY

Total expenses up 92.27% year on year to Rs 300 cr in Q3 FY23. Cost of materials consumed was at Rs 160 cr (up 155.31% YoY) and employee expenses stood at Rs 68.66 crore (up 118.94% YoY) 

Tejas Network shares - gone up by 35% on yearly basis, gone up by   23% in the last 6 months and in the last 1 month went up by 5%

Company is expected to well as the outlook for the products is robust order book of Rs.1,431 crores for optical and fibre products.

Any declines in the price will present a golden opportunity to add the blue chip share to your portfolio.

Equitas Bank - buy on dips

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Equitas SFB Q3 FY 23 results

NP surged 57.4% to Rs 170.13 crore on 17.5% rise in total income to Rs 1,216 crore in Q3 FY23.

PrBT climbed 56.7% year on year to Rs 229 cr in the quarter ended 31 Dec 2022.

Net Interest Income grew 20% to Rs 647 cr Vs Rs 541 crore PY

Pre Provisioning Operating Profit (PPoP) was at Rs 279 crore in Q3 FY23, rising 24% from Rs 225 cr

NPA was at Rs 861 cr against Rs 863.82 crore as on 31 Dec 2021.

Returns

6 months - 61%
1 month - 41%
1 week - 11%

Investors can wait for correction and buy on dips.

Hold for long term as the outlook is extremely bullish technically.
 

How to analyze IPO and Invest to build a robust Portfolio

Equity Research is a must be it for IPO or for picking up a share for investment.

How to short list few companies from 1000s of shares that are being traded in NSE and BSE.

The following are few aspects one has to study.

• Promoters - Much will depend on the background of promoters and their track record of building businesses and making profits. Besides it is also important to analyze their efforts to enhance shareholders' value.
• Industry - One has to look at the competitive landscape and understand how the company is stacked up against the competition. What are the key management strategies the company has adopted to stay ahead of others in the industry?
• Operating Margins - just being in the sector is not enough, the company has to demonstrate that its OMs are competitive and rising.
• FCF - it is essential that the company should have positive cash flows and should be able to keep its debt at a low level.
• Technology - It is essential that the company adapts and absorbs.
• Returns - company should have a healthy return on equity with a good visibility of robust business
• The equity size which is coming for IPO should not be too large nor too small. Depending on the company size there is not much of dilution of equity.
• One can go through the Brokerage Reports and understand how they are recommending and what are the points which help them go come up with the recommendations to investors.
• All listed companies have to publish Quarterly Results period ending 30th June, 30th September, 31st December and 31st March.  Carefully analyze and if the results are not as per our expectations get rid of the shares.  If they are doing good keep adding on declines.

Do not get excited when the share lists at a premium, not get sad when it is listed at a discount.

Market will take time to digest and discover the right price after 6–9 months from the date of listing.