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Shares of Bata India Ltd. rose nearly 1.5% in intraday trade to Rs 2,064.9 apiece after the company's net income turned to profit in September quarter
Bata India Q2FY22 (Consolidated, YoY)
Revenue up 67% at Rs 614.12 crore Vs Rs 367.87 crore
Net profit of Rs 37.18 crore Vs Net loss of Rs 44.31
Ebitda up 5.57 times at Rs 119.22 crore Vs Rs 18.14 crore
Margins at 19.4% Vs 4.9%
Of the 16 analysts tracking the company, 10 maintained 'buy', two maintained 'hold' and four maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 7.4%
Shares of Happiest Minds Technologies Ltd. rose over 4.6% in intraday trade, the biggest single-day gain in two months, to Rs 1,290 apiece.
Trading volume was 26% above the 20-day average volume, for this time of the day.
The company trades at 102 times its estimated earnings per share for the coming year.
Analysts have two 'buy', no 'hold' and no 'sell' recommendations on the stock.
Shares of Gujarat State Petronet Ltd. shed over 3.7% in intraday trade, to Rs 312.8 apiece. The company reported net profit in the September quarter that beat the average analyst estimate, post market hours Wednesday.
Gujarat State Petronet Q2FY22 (Consolidated, YoY)
Net sales up 37% at Rs 4,085.13 crore Vs Rs 2,980.43 crore
Net profit down 20% at Rs 398.39 crore Vs Rs 498.57 crore
Ebitda down 28% at Rs 805.15 crore Vs Rs 1,117.99 crore
Margins at 19.7% Vs 37.5%
Of the 31 analysts tracking the company, 25 maintained 'buy', four maintained 'hold' and two maintaned 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 20%
The broader indexes almost mirrored their larger peers with the S&P BSE MidCap index and the S&P BSE SmallCap index adding nearly 1%. All the 19 sectoral indexes compiled by BSE Ltd. advanced, with the S&P BSE Auto, Consumer Durables, Power, Utilities indexes rising over 1%.
The market breadth was skewed in favour of bulls. About 2,222 stocks advanced, 375 declined and 103 remained unchanged.
Shri @ashishchauhan, MD&CEO, @BSEIndia along with Bollywood Actress Ms. @bhagyashree123 and others felicitating the #vaccination warriors pic.twitter.com/OY0cfbT5ne
— BSE India (@BSEIndia) November 4, 2021
Samvat 2078: Top Stock Picks By Three Market Veterans
Ridham Desai On India Stock Market, Inflation Woes And Bets For Samvat 2078
Ten Things I Learned Over This Last Samvat
Shankar Sharma, Veteran Investor
It’s a great mahurat to invest and the only huge risk in the market is that one may have sold too soon. This is a great mahurat to invest. The real risk is to take money off the table.
My personal view remains that India is a player in the overall equity landscape. We lagged the global markets, but now India has broken out. India will benefit due from the huge tailwinds coming through.
Inflation is good for corporate earnings in India. Because that's what guides the overall prosperity of 70-80% of India. It's the real unloved factor in the overall scheme of things.
Occasional dips will be there, but they will pass through. Market will go up substantially from here, incrementally
In most part, they (new age companies) come in at a fairly aggressive pricing. Because the VCs had invested, and nobody thought Indian IPOs would open and give such great exits. Everybody was looking at NASDAQs, so because of that aggression, investors are not going to make much money from these IPOs .
We turned bullish on it (commodity cycle), oil and steel bought, there is still some upside. The world will kill the commodity cycle soon, they can't survive the inflation, so make hay while the sun is shining.
No clue about crypto. It's a huge tidal wave, can't ignore it, I have a position and I continue to like the space.
Many things are promising (from a 24-month horizon). One is Real estate and derivates of RE all look good.
Sunil Singhania, Veteran Investor
India is a long term buy market. Every mahurat is good day to invest. The only thing is that we are in a period after a great rally and to that extent, as long as our return expectations are rational, it's a good day to invest
(In the) last 4-5 years, companies had capacity but demand wasn't robust. Suddenly demand has set in, companies are now operating at 75-80% utilisation. Companies have started to look at expansion. And acquisition targets are also gone. So corporates are announcing new capex now. First 6-8 months of this capex cycle isn't visible, but it's happening. In the 2nd or 3rd year, it's visible. To play that, companies are not cheap, but there are still good opportunities, in, for example, bearing, heavy machinery, cement companies.
Only near-term headwind is capex costs have gone up.
No harm in investing in steel, cement companies, but they are deep cyclical sectors. One must keep that in mind.
The tech behind crypto is robust but I don't understand the application, how we are using it.
Information Technology sector is a good space
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