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.
 

Easy Trip Buy on dips

NP to Rs 41.7 cr for Q3 FY23 Dec 2022 Vs NP of Rs 40 cr PY, 

Its consolidated revenue from operations stood at Rs 136 cr against Rs 86 cr

total expenses in the third quarter were higher at Rs 82 cr compared to Rs 35 cr

Air segment clocked revenue of Rs 111 cr during the quarter Vs Rs 86 cr in the year-ago period, while hotel packages revenue stood at Rs 23 cr

..

One year - up by 27%

6 months - down by 4%

1 month down by 10%

During the year company announced 3:1 bonus issue, and 1:1 stock split

EaseMyTrip is one of India's largest online travel platforms in terms of air ticket bookings

Co offers 'End to End' travel solutions including air tickets, hotels and holiday packages, rail & bus tickets.

 

Ashoka Buildcon Limited - Buy on dips

 The prestigious Eastern Peripheral Expressway (EPE) was launched by the Government of India to decongest Delhi. There was a need to complete this project in the least possible time so that the rising pollution level in the Nation’s Capital can be reduced.

The package IV of this project was awarded to Ashoka Buildcon Ltd. Despite the hurdles inherent to a green feild project, the Company was able to complete the stretch in record time of only 482 day

Railway Over Bridge

in 100 Working Days

The Company has added yet another feather in its cap by constructing a Railway Over Bridge in just 100 working days at the prestigious Eastern Peripheral Expressway Project.

One can judge the importance of this achievement by considering the fact that in general, construction of such ROB takes 2 to 2.5 years.

The EPE project is one of the most important highway projects being executed in the Country as it is intended to reduce congestion and pollution in Delhi.

This project comes as an effect of Supreme Courts direction to create a bypass around Delhi. The progress of the project is being monitored directly by the Prime Minister’s office.

Bridge (1) On River Rupnarayan

This bridge was special because for over 10 years, no construction company came forward to build it. The previous company that had tried to failed to do so and abandoned the project midway.

Ashoka Buildcon rose to the challenge. Faced with a dual challenge, that of the geographical impediments and of rectifying the errors made by the previous construction company, Ashoka deployed the best of its resources to complete the bridge.

The Company built this bridge an nontraditional method, that of launching a 323 mts. long, 1700 tonne heavy, steel girder assembly from one end of the river and finally lowering it into position. Such a feat had never been tried before in India.

Braving all odds, the team members of Ashoka worked days and nights to complete this one of its kind bridge in a period that was way ahead of its scheduled completion date.

A Bridge in 38 Days

In the year 1999, Ashoka created a stir in bridge construction industry with the construction of Mandve Bridge near Pandharpur (Maharashtra).

The allotted time period for the construction of this 90 mts. cast in situ bridge was 12 months.

In what can be termed as an extra ordinary example of team work, planning and execution, this bridge was completed in 38 days.

The feat earned a place in the Limca Book of Records.

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One Year Performance of the Stock

The scrip had a Year high of 125 and Year Low of 80

Long term investors should buy the scrip and add to their portfolio.