TRIVENI TURBINE EARNINGS
Midcaps stocks for long term investors: 5 stocks from different sectors with right financial & growth matrix and upside potential of up to 49%
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons. At this point of time, when valuations are high and small corrections can lead to strong negative reactions in stock prices. So, while capital gains is the objective, never lose the perspective of protecting capital from sudden shocks. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case.
Stocks to buy: Bet on stocks that regularly beat analyst estimates; 5 stocks with double-digit upside
Stocks to buy: Out of 304 companies, where estimates are compiled by a minimum of three analysts through Reuters-Refinitiv, 50 stocks have consistently surpassed analysts’ net profit estimates in all four quarters of 2023-24. This group of 50 stocks has delivered an average return of 72.4% over the past year, compared to the BSE 500 index’s 38% return over the same period. This data is based on closing values as of 18 June. The article explores the five companies that have been covered by a significant number of analysts and currently offer double-digit share price potential.
Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%
Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.
Top stocks to buy: Bet on companies with healthy net profit margins to remain versatile during uncertain market conditions
The markets are expected to rally if the election results align with expectations. Nonetheless, persistent macro issues and valuation concerns may constrain the upside potential. Analysts suggest that investors capitalise on the current volatility by accumulating quality stocks.
Stocks with tailwinds called advantage India: 5 largecap stocks from 3 different sectors with an upside potential of upto 36 %
In terms of valuations and sentiment we are not far from the place where we were in the last quarter of 2023 or early part of this year. When it was not possible to find stocks which can be called as “fairly valued” forget “undervalued”, and the sentiment was very bullish. The only difference between then and now is that we have election results which are coming up. Surely a confirmation on 4th June that continuity in the policy making is a big factor. But there is another thing which long term investors need to look at before investing. Whether the company or the sector has an advantage due to India as a country. A well known example, which has been present for decades is that of the IT industry. India as a country is a factory of software engineers, and that is our strength. So when investing for the long term, look at sectors where we have some strong tailwinds due to our human capital.
Stocks in news: Vodafone Idea, Biocon, PB Fintech, ZEEL, JSW Steel
Shares of ZEEL, JSW Steel, Godrej Industries, Glaxo and Sobha will be in focus as the companies will announce their quarterly results.
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Triveni Turbine Q4 Results: Net profit jumps 37% YoY to Rs 76 crore
Triveni Turbine on Thursday posted a 37 per cent rise in consolidated net profit to Rs 76.2 crore in the March quarter, mainly on the back of higher revenues. Its consolidated net profit stood at Rs 55.6 crore in the quarter ended on March 31, 2023, a company statement showed.
Q4 results this week: Zomato, Airtel, M&M among 501 companies set to announce earnings this week
Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among others. Overall, around 501 companies are set to release their quarterly numbers this week.
New set of exporters emerging from India? 5 stocks from engineering sector with an upside potential of up to 33%
It has been a long time that engineering major L&T has ventured into exports of engineering services to the Middle East, then it moved into exports of engineering goods. Over the years, there are companies, who specialize in some industries who also have been able to get an entry into the export market. Getting into the export market is not easy and it takes years to get into the market for two reasons. First, global companies tend to be very aggressive in bidding so that new competition does not come in. Second, Indian companies which are sort of a crossover of engineering and capital goods, required the ability to sustain these attempts to get into the esports market at a time when domestic demand was very poor. Now in the last few years, things have improved on the domestic demand and hence these companies were able to put their foot forward into the export market. Will these companies become a new set of exporters from India?
Rerating in capital goods space; Triveni Turbine and L&T top picks for FY25
Investors remain positive on the multi-year capex cycle, driven by various sectors. The CPCB norms shift, market shares, and price stabilization are crucial, along with growth projections for Triveni Turbine and L&T in the evolving market landscape.
For a long term investor with moderate risk appetite: 6 midcap stocks with right RoE and upside potential of up to 29%
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons and specially at a time when valuations are not cheap and small corrections can lead to strong negative reaction in stock prices. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case.
Azad Engineering is well-placed to take advantage of rising demand
Hyderabad-based Azad Engineering started operations in 2008 and it makes airfoil blades used in turbines for power generation to improve efficiency. Azad is the most recent entrant in the global supply chain which has not seen a new supplier for many years.
Good days are back? 5 stocks from capital goods and engineering sector with upside potential of up to 35%
Capital goods and engineering companies had faced tough times for many years. The reason, there was hardly any capex in many sectors of the Indian economy. This changed in 2014, when the new government took over. Road and infrastructure sector got a big push and all the companies in that sector saw their order book growing sharply. Over a period of nine years, many other sectors have seen a sharp increase in their capex. Right from railways to defence all of them have seen increased outlays leading to sharp improvement in the bottomline of the companies in the whole chain of companies. Given the capacity utilisation which some other sectors might see in near term, some more engineering and capital goods may come into focus.
Tracking benchmarks? Please read broader market carefully
Many stocks from cyclical and emerging sectors have run way ahead of their revenue and earnings visibility and are witnessing a reversion to mean, said analysts.
Street to weigh valuations vs earnings this week, says Deepak Jasani of HDFC Securities
"Corporate results, geo-political developments, and crude oil price moves will influence the trend of the indices in the coming week. For Nifty, the crucial levels are resistance in the 19,839-19,878 band, while support could come in at the 19,512-19,565 band. For Bank Nifty, the similar levels are 44,940 and 46,250 on the upside and 43,600 and 42,580 on the downside."
Finally capex revival showing results: 5 capital goods and engineering stocks with upside potential of up to 21%
Unlike in the past where the turn around in the capital expenditure cycle was pretty much a secular phenomena, this time around it is turning out to be sector specific phenomena. So anything to do with railways, defence and sugar has done extremely well, whereas power has been a laggard. But now even power has been catching up. Some other new sectors like water and waste management have come up where demand for a different sort of engineering services and capital goods have been created.
Ahead of Market: 10 things that will decide stock action on Monday
Indian equities closed in the red on Friday amid mixed quarterly results, a reversal of FII activity, a rising dollar index, and an increase in crude oil prices, despite gains in some broader markets. Sensex fell to 66,160, while Nifty closed marginally lower at 19,646, with both indices down by 0.8% and 0.5% for the week
Hold on to them: 5 capital goods and engineering stocks with upside potential of up to 22%
Capital good companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Given the performance of the stock, a large majority of these stocks have hold recommendations from the analysts.
Stock screener: 8 multibagger smallcaps with consistent EBITDA margin over 15%
At least 37 BSE-listed Indian companies have maintained their EBITDA margin over 15% in every quarter of FY23 and have seen their stock prices rise by over 50% in the past year, revealing eight small-cap multibaggers. These include Mold-Tek Technologies, with steady growth and operating margin expansion; Elecon Engineering Company, with a 25% ROCE and better earnings quality; and Nitta Gelatin India, boasting a global presence and relatively low valuation. The screener avoided financial stocks and firms with market caps under INR500 crore.
Ahead of Market: 10 things that will decide D-Street action on Friday
Indian shares closed higher on Thursday, relying on strong earnings and sustained buying by foreign investors to overcome US Fed Chair Powell's inflation concerns. The Nifty50 ended the session 0.92% higher at 18,255.80 and the S&P BSE Sensex gained 0.91% to 61,749.25. The market's bullish momentum was driven by sector-wide gains and both indexes recorded four-month highs. Vinod Nair from Geojit Financial Services and Nagaraj Shetti from HDFC Securities both commented on the outlook of the Nifty50 with a sharp upside of around 186,000, contingent on resistance zones of 18,200-18,300.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Indian equity benchmarks Sensex and Nifty extended their winning streak for the third straight session, backed by IndusInd Bank, Nestle India and HCL Tech, while losses in global equities and continuous foreign fund outflows restricted gains in the market, according to traders. Microsoft drove gains on US equities, while bank worries and the banking sector dragged European shares down, showing their largest drop in a month.
From mediocre to masterstroke! Industrial stocks join the elite club, will they stay long?
“A few stocks in capital goods and engineering space exhibiting sustainable growth attributes have outperformed in the recent past and moved up into the high optimism zone along with consumption as incremental growth emanates from the investment cycle,” the brokerage said.
Ahead of Market: 10 things that will decide D-St action on Wednesday
“For bulls, 17,350 could be the immediate trigger level and above the same, the index could move up to 17,425-17,4780. On the flip side, as long as the index trades below 17,350 the correction wave is likely to continue and it could slip till 17,250-17,200,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities.
6 stocks from capital good and engineering sector; with upside potential of up to 49 %
Capital good companies had faced tough times for many years. This statement would be more applicable to companies which were making turbines for the power sector. But for a company which was into supplying plants and machinery for speciality chemical companies, the last couple of years have been good. As more industries start to show first signs of building fresh capacity, more capital good companies may see a healthy order book.
Looking to beat volatility? Bet on these 5 stocks with upside scope of up to 26%
NIFTY has been volatile since the last quarter of 2021, so volatility should not be something which traders and investors should not worry about but learn to live with. In the last one month, sometimes large caps have faced selling pressure by foreign investors and are more volatile than midcaps and vice versa. A score improvement coming in a volatile earnings season along with the fact that valuations are still very high on an over basis is something worth looking into. Right from a company which is beneficiary of laying of pipeline for ensuring that tap water reaches every home to an electrical goods maker which is attempting to make a comeback. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
Weekly Top Picks: 5 stocks with consistent score improvement and upside potential of up to 41%
While NIFTY stays in volatile mode and fear of correction grips the street. There are still some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
3 sugar stocks with up to 25% upside potential
Robust opportunities from EBP program, firm domestic and international prices and favourable government policies to support performance.
Corporate Radar: Navin Fluorine, Coforge to go ex-dividend, Adani Enterprises, Vodafone earnings and more
Amid the ongoing earnings season, Adani Enterprises, Ajanta Pharma, Amara Raja Batteries, Bank of India, Blue Star, HDFC, HPCL, Vodafone Idea, JK Lakshmi Cement, Mahindra Lifespace, Rain Industries, Raymond, Sanofi India, SKF, GMM Pfaudler, Hawkins Cookers, Devyani International, Sapphire Foods and UCO Bank, among others, will be announcing their Q2 results.
Nischal Maheshwari’s top largecap, midcap and smallcap picks for Diwali
“When the tide is up, all boats rise and for the banking sector and for the finance sector, the tide is coming almost three years after the IL&FS fiasco happened. It has taken three-four years for the system to clean up, over leverage to go down and most banks to get their capital back. This is just the start of the whole rally. The tide is strong and there is demand in the sector. The rerating should continue.”
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