Market_Buzz
** September 10 - September 16, 2018 **
1. 
📜 It is mandatory for new car owners to take a 3-year insurance cover and new 2-wheeler owners to take a 5-year insurance cover September onwards. *GIC Housing Finance* to benefit significantly.
📜 It is mandatory for new car owners to take a 3-year insurance cover and new 2-wheeler owners to take a 5-year insurance cover September onwards. *GIC Housing Finance* to benefit significantly.
2. 
🏍 *Bajaj Auto* plans to expand its 3-wheeler and quadricycle capacity following the government's decision to exempt electric vehicles (EVs) and automobiles run on alternative fuel from permit requirements. An excellent BUY.
🏍 *Bajaj Auto* plans to expand its 3-wheeler and quadricycle capacity following the government's decision to exempt electric vehicles (EVs) and automobiles run on alternative fuel from permit requirements. An excellent BUY.
3. 
💻 I.T. services major *Wipro* has obtained a $1.5 billion 10-year deal from Alight Solutions. A big POSITIVE for the company.
💻 I.T. services major *Wipro* has obtained a $1.5 billion 10-year deal from Alight Solutions. A big POSITIVE for the company.
4. 
🕳 *Coal India* reported a 3.2% rise in output at 38.8 MMT last month. Coal prices are also on the rise on the back of higher demand. To meet the government’s financial targets, the company is likely to pay a hefty dividend this year as well. BUY.
🕳 *Coal India* reported a 3.2% rise in output at 38.8 MMT last month. Coal prices are also on the rise on the back of higher demand. To meet the government’s financial targets, the company is likely to pay a hefty dividend this year as well. BUY.
5. 
🎛 *Jindal Steel & Power* plans to break up its business into different entities and trim its ₹42000 debt by selling its Oman unit. This move may turn out to be a wealth creating opportunity for investors.
🎛 *Jindal Steel & Power* plans to break up its business into different entities and trim its ₹42000 debt by selling its Oman unit. This move may turn out to be a wealth creating opportunity for investors.
6. 
🚗 *Maruti Suzuki India* reported marginally lower sales in August. A good opportunity for investors to accumulate the stock if its share price falls. BUY.
🚗 *Maruti Suzuki India* reported marginally lower sales in August. A good opportunity for investors to accumulate the stock if its share price falls. BUY.
7. 
🏭 Food major *Britannia Industries* is showing signs of a breakout on the back of higher sales and improving EBITDA. The stock may touch ₹7250.
🏭 Food major *Britannia Industries* is showing signs of a breakout on the back of higher sales and improving EBITDA. The stock may touch ₹7250.
8. 
🍶 *Manpasand Beverages*, which was beaten down due to adverse news, seems to be recovering. Investors with a risk appetite may enter.
🍶 *Manpasand Beverages*, which was beaten down due to adverse news, seems to be recovering. Investors with a risk appetite may enter.
9. 🏭 FMCG major *Marico* expects a double-digit volume growth in the next 3-5 years. BUY for the long-term.
🏭 FMCG major *Marico* expects a double-digit volume growth in the next 3-5 years. BUY for the long-term.
10. 
⛽ *GAIL*, the country’s largest gas transportation and marketing company, plans to set up battery charging stations for EVs. BUY for the long-term.
⛽ *GAIL*, the country’s largest gas transportation and marketing company, plans to set up battery charging stations for EVs. BUY for the long-term.
11. 
🚐 *Mahindra & Mahindra* has introduced Marazzo (a multi-utility vehicle) priced at ₹10,00,000 in an attempt to compete with Toyota’s Innova and Maruti’s Ertiga. A POSITIVE for the company.
🚐 *Mahindra & Mahindra* has introduced Marazzo (a multi-utility vehicle) priced at ₹10,00,000 in an attempt to compete with Toyota’s Innova and Maruti’s Ertiga. A POSITIVE for the company.
12. 
💊 *Aurobindo Pharma* is close to acquiring Sandoz’s US portfolio dermatology business for $1 billion. A big POSITIVE for the company.
💊 *Aurobindo Pharma* is close to acquiring Sandoz’s US portfolio dermatology business for $1 billion. A big POSITIVE for the company.
13. 
🥛 *ITC* plans to compete with Amul, Coca Cola and Britannia Industries with the launch of its milk-based drinks. ACCUMULATE.
🥛 *ITC* plans to compete with Amul, Coca Cola and Britannia Industries with the launch of its milk-based drinks. ACCUMULATE.
14. 
💰 Reports suggest that some foreign investors are keen on buying a stake in *Reliance Home Finance*. The stock has corrected sharply. ACCUMULATE.
💰 Reports suggest that some foreign investors are keen on buying a stake in *Reliance Home Finance*. The stock has corrected sharply. ACCUMULATE.
15. 
⚙ Unconfirmed reports about falling prices of aluminium have pulled down the share price of *National Aluminium Company (NALCO)*. The stock will recover soon.
⚙ Unconfirmed reports about falling prices of aluminium have pulled down the share price of *National Aluminium Company (NALCO)*. The stock will recover soon.
16. 
💉 With the US dollar becoming stronger, Indian pharma companies stand to gain. *Biocon* has already started its upward march. BUY.
💉 With the US dollar becoming stronger, Indian pharma companies stand to gain. *Biocon* has already started its upward march. BUY.
17. 
🥌 *Sagar Cements* reported 24% higher consolidated cement sales at 2,47,051 tonnes in August 2018 over August 2017. A worthy BUY.
🥌 *Sagar Cements* reported 24% higher consolidated cement sales at 2,47,051 tonnes in August 2018 over August 2017. A worthy BUY.
18. 💊 *Sun Pharmaceutical Industries* derives a major portion of its revenue from exports. The strengthening of the US dollar will augur well for the company. BUY.
💊 *Sun Pharmaceutical Industries* derives a major portion of its revenue from exports. The strengthening of the US dollar will augur well for the company. BUY.
19. 
📑 *JK Paper* has lifted the lockout at one of its plants. Now with its routine operations back on track coupled with bright industry prospects, better profitability can be expected. BUY for the long-term.
📑 *JK Paper* has lifted the lockout at one of its plants. Now with its routine operations back on track coupled with bright industry prospects, better profitability can be expected. BUY for the long-term.
20. 
👙 Reports suggest that *Page Industries* may enter the women’s innerwear market. BUY.
👙 Reports suggest that *Page Industries* may enter the women’s innerwear market. BUY.
21. 
🔋 *Amara Raja Batteries*, India’s second largest traditional battery maker, plans to build a lithium-ion assembly plant in Andhra Pradesh to increase its market share. ACCUMULATE.
🔋 *Amara Raja Batteries*, India’s second largest traditional battery maker, plans to build a lithium-ion assembly plant in Andhra Pradesh to increase its market share. ACCUMULATE.
22. 
🌡 *Meghmani Organics* is expected to notch an EPS of ₹11 in FY19 and ₹14 in FY20 post expansion. A reasonable P/E of 10.80x (industry P/E is 39.93x) will take its share price to ₹137.5 in the medium-term and ₹175 thereafter.
🌡 *Meghmani Organics* is expected to notch an EPS of ₹11 in FY19 and ₹14 in FY20 post expansion. A reasonable P/E of 10.80x (industry P/E is 39.93x) will take its share price to ₹137.5 in the medium-term and ₹175 thereafter.
23. 📑 Based on its Q1FY19 EPS of ₹11, *International Paper APPM* is expected to notch an EPS of ₹50 in FY19. A reasonable P/E of 15x will take its share price to ₹750.
📑 Based on its Q1FY19 EPS of ₹11, *International Paper APPM* is expected to notch an EPS of ₹50 in FY19. A reasonable P/E of 15x will take its share price to ₹750.
24. 
🎚 Based on its Q1FY19 EPS of ₹104, *Honeywell Automation* is expected to notch an EPS of ₹390+ in FY19. The stock is poised to cross ₹25000.
🎚 Based on its Q1FY19 EPS of ₹104, *Honeywell Automation* is expected to notch an EPS of ₹390+ in FY19. The stock is poised to cross ₹25000.
25. 🏭 Patel Engineering has posted a consolidated EPS of ₹10 in FY18 on an equity capital of just ₹15.7 crore. The stock is poised to touch ₹75.
🏭 Patel Engineering has posted a consolidated EPS of ₹10 in FY18 on an equity capital of just ₹15.7 crore. The stock is poised to touch ₹75.
26. 
🍫 Some analysts are very bullish on *Nestle India*, which posted 50% higher PAT in Q2CY18. The stock is poised to touch ₹12500.
🍫 Some analysts are very bullish on *Nestle India*, which posted 50% higher PAT in Q2CY18. The stock is poised to touch ₹12500.
27. 
💸 *Yes Bank* is expected to post an EPS of ₹23 in FY19. The stock trades at a forward P/E of 16.52x and P/BV of 2.9x. A reasonable P/E of 20x will take its share price to ₹460. The stock trades cheap compared to RBL Bank, which trades at a forward P/E of 37.73x and P/BV of 3.86x.
💸 *Yes Bank* is expected to post an EPS of ₹23 in FY19. The stock trades at a forward P/E of 16.52x and P/BV of 2.9x. A reasonable P/E of 20x will take its share price to ₹460. The stock trades cheap compared to RBL Bank, which trades at a forward P/E of 37.73x and P/BV of 3.86x.
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