Current affairs

TOWER TALK head lines

👍🏻 NRB Bearings reported excellent results for H1FY19 with a 25% jump in sales and 89% jump in earnings. Its future looks bright. Accumulate.

👍🏻 Lux Industries reported good results for Q2FY19 and H1FY19. With its proposed amalgamation with J. M. Hosiery and Ebell Fashions, the new entity will become stronger. Buy.

👍🏻 Entertainment Network, a Times of India group company that owns and operates Radio Mirchi, reported 50% higher PAT for Q2. The management is positive about the company’s future.
Buy.

👍🏻 FMCG major Procter & Gamble Hygiene & Healthcare reported 25% higher PAT of Rs.144.1 crore for Q2FY19. Buy for the long term.

👍🏻 Tata Chemicals reported 17% higher PAT for Q2 at Rs.409 crore. Accumulate.

👍🏻 Bata India continued its strong performance in Q2FY19 with an EPS of Rs.4.3 v/s Rs.3.3 in the previous corresponding quarter. Its overall profitability for FY19 is likely to be 35% higher than FY18. Accumulate.

👍🏻 Hindalco Industries beat street estimates with 54% higher PAT for Q2.
Its performance for the next few quarters is likely to be equally good. Buy.

👍🏻 Godrej Consumer Products reported
excellent results for Q2 with an EPS of Rs.5.65. Accumulate.

👍🏻 After reporting fantastic results for Q2, Alkyl Amines Chemicals is expected to notch an EPS of Rs.28 for FY19. Buy.

👍🏻 Honeywell Automation India reported excellent results for H1 with an EPS of Rs.214 v/s Rs.146 in the previous corresponding quarter. Buy.

👍🏻 Since 21 September 2018, Dewan Housing Finance Corporation has repaid commercial paper holders Rs.9465 crore including buyback worth Rs.3240 crore. This shows the inherent strength of the company. Buy immediately.

👍🏻 The Infibeam Avenues counter has witnessed heavy volumes. The company seems to be on a comeback trail.
Investors with a risk appetite may enter with a strict stop loss.

👍🏻 Phoenix Mills aims to double its operational retail portfolio to 12 million sq.ft. in the next 1-2 years. Buy.

👍🏻 Graphite India, a big beneficiary of the rising electrode prices in India, is poised to appreciate. Buy.

👍🏻 Ashoka Buildcon reported excellent Q2FY19 results. With a growing order book, its future looks equally strong.
Buy.

👍🏻 IndiaBulls Real Estate contemplates selling 50% stake in two office assets in Gurgaon to a global investment firm.
It may report good results in the next quarter. Buy.

👍🏻 Many brokerage firms are now positive on Axis Bank based on its Q2FY19 results. Accumulate on dips.

👍🏻 PNB Housing Finance reported strong results for Q2FY19 with 33% higher PAT. The stock may regain its lost
ground. Buy.

👍🏻 Natco Pharma doubled its profitability in Q2FY19 on the back of new launches. It expects better times ahead.
Buy.

👍🏻 Deepak Spinners reported excellent Q2FY19 results with an EPS of Rs.7. Currently, the stock trades cheap and can easily appreciate by 50%.

👍🏻 National Peroxide has consistently posted good results. This Wadia group company posted an EPS of Rs.98 in Q2FY19. The stock is poised to cross Rs.10000.

👍🏻 Small-Cap IT stocks such as Trigyn Technologies and Take Solutions are trading near their 52-week lows despite reporting a good
quarterly performance. Buy for quick 20% gains.

👍🏻 Shree Ajit Pulp & Paper is a dark horse in the paper sector.
The stock has the potential to touch the 4-figure mark.

👍🏻 Falling crude oil prices will boost the earnings of Phillips Carbon considerably. A good proxy bet for the medium-to-long term.

👍🏻 An Ahmedabad-based analyst recommends 20 Microns, IOL Chemicals & Pharmaceuticals, Ruchira Papers and Umang Dairies.
From his previous recommendations,
Balrampur Chini Mills appreciated 68% from Rs.66.4 on 25-06-18 to Rs.110.9 last week; Lahoti Overseas appreciated 42% from Rs.18.35 on 8-10-18 to Rs.26 last week; and ASM Technologies appreciated 23% from Rs.114 on 27-8-2018 to Rs.140 last week!