TURNAROUND STOCKS
Big correction possible after a couple of months; VIP is a turnaround candidate: Sandip Sabharwal
Sandip Sabharwal says VIP could be a potential turnaround candidate. It is one of the stocks that we hold that has not performed and I would think that at these prices, it offers value and for people who want to wait, they could wait out the results, see if there are signs of turnaround, and then look at buying.
Pharma sector: Turnaround for good, 6 small and mid cap pharma stocks with upside potential of up to 32%
While it might not have been making it headline, the pharmaceutical sector or commonly called as pharma has come through a tough period due to US FDA and other factors. It has been witnessing a turnaround of sorts which has been slow but more companies are showing improvement in their performance. Also there is a process of re-rating which is quietly going on in the sector. It was large players which got the attention of tend to gain first and then it is smaller and mid sized. If one looks at the corporate announcement about approval of drugs by the US FDA or other drug regulator or any entry into new markets, a number of them are coming from mid and small companies. Given the lesson which the Indian pharma industry has learnt after its reckless approach between 2005 to 2015, there is a high probability that the sector may gain attention.
Should investors make fresh bets in FMCG stocks? Rajat Sharma answers
I think in the last 15-20 years, since I have been—18 years to be precise—since I have been looking at the market, I have never seen this kind of bullishness and fundamentals as strong as we have right now.
Stocks to buy: Consider stocks with robust credit quality; 5 stocks with up to 17.5% upside
Stocks to buy: These 269 companies delivered average one-year and two-year returns of 102.3% and 278.7%, respectively, compared to the Nifty 500 index returns of 38% and 69.3%. All returns are point-to-point and not annualised, and are based on the closing values as of 2 July. The following are five companies with substantial analyst coverage and double digit share price potential.
Time to buy pharma? 3 stocks Forum Parekh is betting on
Zydus Life's US business is going to report a good set of numbers. Also, in India, wellness products are doing good, Overall Zydus Life will tend to report some 25% EBITDA margin. Therefore, Sharekhan By BNP Paribas has a buy call on Zydus Life with a price target of almost Rs 1200, says Foram Parekh
Stock Radar: This sugar stock is showing signs of bottoming out after 24% fall from highs; time to buy?
Dalmia Bharat's stock stabilizes as experts recommend a bullish outlook, targeting above Rs 2,100 in the volatile sugar industry. The company's price movements reflect a harmonic pattern signaling potential reversals.
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IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
Kotak Institutional Equities bets on Godrej Agrovet’s turnaround story, sees upside potential of over 9%
Godrej Agrovet (GAVL) shifts focus to value-added segments with cost-cutting measures. Kotak Institutional Equities upgrades stock to 'buy' with target price of Rs 740, expecting sustainable turnaround in crop protection and dairy sectors.
With Odisha and Andhra being governed by NDA 3.0, will Aquaculture, a sector dominated by small caps and troubles, see a turnaround?
When looking at any sector, it is good to know the history of that sector, it helps in bringing the context to the possible investing time frame and also the risks which come with that particular investment. Aquaculture as a sector came into limelight in 1992-93. Best of the names of India Inc of that time entered the sector as the Indian economy was opening up and exports were expected to pick up. It was assumed that given the long coastline the production of shrimps would be an easy business to grow. But reality turned out to be very different and the story is full of troubles. There were multiple reasons, right from the nature of business itself and lack of coordinated and sustained support by the government. But now with NDA 3.0 in power in two states which dominated this sector, will there be a more coordinated effort to bring this industry back on track and turnaround is sustained?
Turnaround stocks: 10 companies that returned to profit in Q4
In the March quarter of FY24, several companies transitioned from loss-making to profit-making. According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24. Here is the list:
Turnaround stocks: 10 companies that returned to profit in Q4
According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24
Uttar Pradesh elections results: Samajwadi Party leader Akhilesh Yadav snatches back Uttar Pradesh in surprise turnaround
Akhilesh Yadav's stature saw a remarkable surge on Tuesday as his Samajwadi Party made significant inroads in Uttar Pradesh, diminishing the ruling BJP's dominance. According to the emerging trends, the SP was leading in 37 seats, compared to the BJP's 33 seats. The evolving tally poses a setback for the BJP, which had earlier projected a sweeping victory in the state, where Prime Minister Narendra Modi holds a parliamentary seat.
Gap surges 22% as apparel maker's turnaround strategy starts to pay off
Shares of Gap climbed as much as 22% on Friday after the apparel retailer lifted its full-year sales forecast signaling that its turnaround strategy of bringing in newer styles is starting to work.
Suzlon Energy shares give multibagger returns of 340% in 1 year. Time to ride the next leg of rally?
Suzlon Energy Share Price: Suzlon Energy's shares surge 340% in a year, fueled by strong order inflows and debt-free status. Analysts foresee up to 43% upside potential. Fundamentals improve with debt reduction and cash reserve. Brokerages maintain 'buy' ratings, targeting Rs 54-58.
What to expect from RIL stock going ahead? Deven Choksey answers
To a greater extent likes of Reliance, likes of Bajaj Finance, likes of Kotak Bank are some of the companies where probably you find that the business condition remains absolutely upbeat and robust and at the same time the stock prices have not moved anywhere despite of the rally going on in this market.
GAIL Q4 Results: Net profit triples on gas transmission business turnaround
State-owned gas utility GAIL (India) Ltd on Thursday reported more than tripling of its fourth quarter net profit after the natural gas transmission and petrochemical business saw a turnaround.
TBO Tek shares debut at 55% premium over issue price
TBO Tek's shares debuted on NSE and BSE at premiums of 55% and 50% respectively. The company's appeal stems from its robust technological foundation, leveraging a proprietary platform. It raised funds from anchor investors for growth and inorganic acquisitions. IPO opening witnessed strong interest. General Atlantic acquired a minority stake in TBO.
Do Dr Lal Pathlabs' results indicate a turnaround for the sector? 4 stocks from diagnostic space, 3 with upside potential of up to 31%
Some sectors have a company which can be called as the bell weather of that sector and that is why its results of that company probably are indicative of what is happening in the sector. In case of the diagnostic, it is probably the Dr Lals path labs which would fit the criteria, it has national presence, large network, present in both physical and digital segment. So when the quarterly numbers come and they show improvement on many fronts then probably it is time to have a look at them more seriously and see if there is a possible turnaround building in the sector. This became even more important because these stocks had gained extremely high valuation and also popularity in terms of both retail and institutional participation. But then for close to two years, they have been a strong under performer in a strong bull market. Does this result mean that finally in terms of price war for customer acquisition over and now the valuation readjustment will start in the upward direction.
Earnings season sparking volatility; 3 sectors to watch for turnaround: Shreyash Devalkar
Shreyash Devalkar of Axis Mutual Fund discusses the market volatility and potential growth areas like FMCG, private banks, and IT. He emphasizes the importance of monitoring valuations and anticipating a market turnaround for these sectors. He says that most of the volatility at the stock level is based on the result season.
Turnaround after battling many headwinds? 4 microfinance stocks with upside potential of up to 38% in next one year
Right from the Covid-19 crisis to the tightening of regulatory requirements on capital in a short span and increasing competition, all these three headwinds hit the microfinance industry in one go. The result, the stocks that at one point in time were getting high valuations cracked sharply and underperformed. This is how the journey of the last few years of microfinance companies can be described. However, given the fact that they are the lender to the most marginalized section of society where the requirement of capital is always high, these companies have been able to manage and have been able to survive though growth has not been as expected. In any sector, the phase of headwinds comes at the face where two things tend to happen. First, few players get more attention on the street second the upward journey of stocks is slightly more volatile in the initial phase of recovery.
Avoid IT stocks; look for beaten down turnaround candidates in this volatile earning season: Sandip Sabharwal
Sabharwal advises caution in volatile markets, suggesting opportunities in capex stocks like NCC and Ahluwalia Contracts. He highlights the importance of minimal debt and strategic stock selection for long-term investment success. In IT, downside is limited, but valuations are not cheap and that is why the upside also is restricted. So, it is a no-go sector in Sabharwal's view.
Wipro CEO Thierry Delaporte's resignation: Shares fall as quick turnaround unlikely
Investors will await clarity on any strategic or organisational changes and capital allocation from new CEO and MD Srini Pallia.
Turnaround story: 40 smallcaps that lost over 30% in FY23, turn multibaggers in FY24
The FY24 has been a turnaround year for smallcap stocks, witnessing a significant rally with many stocks turning multibaggers. However, concerns over valuations raised by Sebi might moderate returns in FY25. While equity bulls partied hard in most of FY24, the Securities and Exchange Board India (Sebi) turned a party spoiler towards the end.
What EPack Durable's MD has to say on Q3 turnaround, debt and stock’s tepid show
EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company's turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company's falling debts, IPO proceeds and stock's performance,
Chinese pray God of Wealth for a turnaround of their fortune in Dragon Year to beat economic slowdown
Videos and posts on Chinese social media platforms showcased the busy scenes at the temple fairs in Beijing. More than 130,000 visitors visited the temple fair at Ditan Park last Sunday - the opening day of the fair. Similar scenes were witnessed in many Chinese cities, including Shanghai, Hangzhou, Chengdu, and Fuzhou, where people gathered in temples to pray and take part in local fairs.
Possibility of HDFC Bank outperforming in the near term has increased; expect upside in M&M: Sandip Sabharwal
Sandip Sabharwal says HDFC Bank management working to regain confidence. The probability that it could outperform in the near term has increased. Axis Bank correction could make it attractive. Vedanta and Yes Bank are turnaround stories. NCC has strong results. VA Tech Wabag undervalued. PSU energy pack influenced by government decisions.
Wait for Voltas to consolidate; VIP Industries could be a turnaround play: Sandip Sabharwal
Sandip Sabharwal doesn't anticipate big bang announcements in the interim budget, but expects statements of intent regarding taxes. The fiscal deficit figures till December look strong, giving the government leverage for social spending and capex. The increase in demat accounts indicates a long-term bullish stance, driven by IPOs and sustained market performance. The market construct is puzzling, with largecaps and smallcaps moving in different directions. Sandip expects consolidation and correction globally, leading to a correction in India.
Uber set to join the S&P 500 index in latest sign of turnaround for the ride-hailing service
The San Francisco company will be added to the benchmark index prior to the opening of regular trading on Dec. 18, S&P Dow Jones Indices said late Friday.
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