Some stocks which look interesting in the short to medium term.
Disclosures – The author has vested interests and the stocks have been recommended to clients as well. Please read the disclosure and disclaimer and do your own research and risk management.
Finolex Cables – Good base formation done at 340-350. Time for a reversal back to 430/500.
Motilal Oswal – A major breakout on crossing and sustaining 800. Time to pre-empt with a stop at 730.
150-190 a long term resistance of last 6-8 years. 4 tops around 150-155 in last 1 year. An interesting bet where promoters did not tender in the buyback at 135 clearly indicating not wanting to dilute stake at those prices. Company to be debt free and quoting at 3x EV EBIDTA. Time for a long term trend change. Disclosure –A personal favorite and so biased.
Interesting MicroCaps – ( Illiquid please do your own research and risk management. )
Will try to keep covering microcaps with very small notes and not the detailed working and let readers do their own research. Do let me know your insights – firstname.lastname@example.org
Emkay Global - Back to where it started from.
150 Crores Market Cap and 130-150 cr of Cash and Cash Equivalents with Real Estate which they operate from worth at least 50-100 crores. Peak PAT of 28 cr in 2018. A cash bargain with a new team and a company which survived a fat finger trade.
Another interesting broking company is IIFL Securities – 1250 cr market cap – Real Estate value = 600-750 cr. Rental Income = 50 cr. Last two years consol PAT average 150-200 cr.
Interesting company fundamentally and good base made at 450.
175 cr marketcap. Debt of 350-400 cr. Last 3 qtrs PAT of 45 cr. Reducing debt by 40-50 cr every year for last few years. 130-140 cr of Operating Profit. Can the improving results continue ?
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