Top Stock Choices Amid Big Event Pressure Budget & Earnings | Aditya Agarwala's Top Stocks | ET Now

Hello and welcome you tune into market Fattah fat with me, Ankita Saxena and with me is Cheryl D'souza. And this is the show where we take you through all the stocks that are buzzing away in trade, either on the back of research or on the back of technicals. But let's first quickly take where the markets are at market trek. Cheryl, we're comfortably in the green right now even after that gap down opening episode in the morning, we're comfortably in the green and lifters right now hovering somewhere around its resistance levels. Yes, absolutely. A very good afternoon to you. Ankita, you rightly spotted that the fact that the markets actually saw a downtick are open from there on. We've recovered in trade and a healthy recovery. We've sustained the recovery as you can see it on your screen, 0190 points uptake from the days lowest point coming in for the Nifty index now hovering around the days highest point. Even Nifty Bank has actually moved in tandem. When I talk about the recovery, if you look at Nifty Bank right now, it is staying flat with a positive bias. At one point in time, it was seeing sharper cuts when you compare it to the benchmark indices. So a days highest point coming in for Nifty Bank, seeing it up to about a percent or so broader markets comfortably in the positive territory with mid cap and small cap both the recovering in excess of about a percent from the days lowest point. So yes, that's the way how the markets are looking like at this point in time. Ankita, we started a brand new day and on a positive footing. OK, Shell. Well, then let's get started and tell you all the stocks that are in news today. And for that, we're joined by Aditya Agarwala, who's the Head of Research and Investments at Invest for Edu on the technicals. And from our researchers team, we have Ansh and Jinay joining us. Hi, gentlemen. Now welcome to Fatah Fat and then let's get started with all the stocks that are buzzing in trade. And I figured out the AG infra for us. In fact, the stock was trading with gains of over 8%. You know today, and this comes after the fact that the company has incorporated 6 new solar power units namely AG Kapuria Solar Project, AG Jaitpur Solar Project, AG Bhara Solar Project, AG Surana Solar Project, AG Pilwana and AG Jharkhand Solar project. And the company said in an exchange filing that each of the incorporated company has authorized, subscribed and paid up share capital of one lakh ₹1,00,000 dividend into 10,000 equity shares of rupees 10 each. And the company further also disclosed that the initial subscription for each unit share capital includes ₹51,000 which is divided into 5100 equity shares of rupees 10 face value and subscribed by AG Infra Engineering. So on the back of this news, AG and Fries and focus today, in fact, it's trading with gains of over 7% right now. All right, let's move on then. Aditya, good afternoon to you. And the stock that you are tracking for us is Somali ceramics. How is this one actually looking on the charts to you or sector that you don't talk much about? But nevertheless the charts are looking very bright. Absolutely. Good afternoon, Cheryl, Good afternoon as well. Thanks. Another show I believe this entire space is looking very interesting after a clutch of real estate stocks and the housing finance companies have already shot up. I think it's time to look at all these. I could say maybe a housing ancillary stocks, all of them are going up. They did last week as well and this week also they started on a very strong note. So money ceramic have picked out because I still feel that there is a room on the upside there is to reward is in favor of going long and at current levels. It's broken off from a bullish cup and handle pattern neckline, which was closer to about 775 on extremely healthy volumes. And I believe now the stock is poised to test levels of 950 to about 1000 on the upside with a good support on the downside at seven 2700 plus MACD has given a positive breakout and RSA has also entered into the bull territory. So everything is going good for the stock and I believe at current levels offers it is to reward also very favorable in going long at current levels. So for a target of nine 50,000, I would be a buyer in the stock with the stock loss at 700 on the downside. All right, so that's the take coming in on Somani Ceramics. But let's talk about root mobile in that particular counter has hit over five month high in today's inter day training session saw an optic of as much as a 10.9% at one point in time, which is the highest level since January 15th. The company said that they've enabled WhatsApp based ticketing for Nagpur, Pune, Hyderabad as well as Delhi Metro and also they said that they partnered with Bill Easy to extend WhatsApp based metro rail ticket booking, ticket booking. So on back from that, the stock is in good strength in trade today, 8% uptake and it is gaining for a second consecutive session. All right, moving to another counter which is which seeing it is seeing no stopping. In fact, this counter has given some stellar return over the last six months. GRSC Ansh, that's the name that you've picked out trading with gains of 7% today. Tell us what's the news flow that's powering the stock. So the company has signed contract with the German company for construction and delivery of four multipurpose vessels of 7500 DWT each with an option of building another four ships in near future. The ships have been specifically designed to carry multiple large windmill blades on the deck. Also, the consideration of this order is around $54 million. Also if you see the chart, the stock seems to have snapped its three session losing streak and it treats about key DMA levels. Also if you see on a larger time frame like you mentioned this year the stock has gained over 100%. So everything looks positive for the stock. All right, let's look at the new guidance. So for the gross loan book growth, the company and earlier that guided a growth of about 25%, but now has lowered to 20%. Now if you look at credit cost, they have increased the guidance earlier was 1.5% but the latest one stands at 1.7%. If you look at NIMS, they remain, they will be remaining at around 9%. But if you talk about Roe, which is written on, they say that it will be about 20% this year versus 22% of the earlier guidance. Now the company has also highlighted some FY20 25 growth strategy. The company will be focusing on improving their asset book with the mixed of balance on the both sides secured as well as unsecured. The company will be strengthening its deposit franchise and the company wants to be amongst the best of the affordable housing finance in this segment. And then they also want to emerge as a amongst top three preferred vehicle loan finance company. All right, that's a Jeevan Small Finance bank, but coming to you, Aditya, then United Spirits is what you've picked out for us. Tell us what are you seeing on the charts for this one? Very interesting looking stock. Ankita stock after a good up move entered into a pullback and the pullback halted right at the neckline from which it had broken out earlier. And in trade today it's resumed its uptrend. Volumes are decent so far. I believe volumes will pick up as we go ahead maybe in the rest of the trading session and tomorrow. So it offers an excellent risk to reward as well. On the upside, I think so stock can easily test levels of 1370 to about 1450. On the downside, 1250 is a very strong support zone. We're just just about 30-40 points away from that support zone. So I think with this talk was just below 1251 can look at fresh long positions in United spirits. Look for a target of 13701450. On the upside, RSI is has entered into the bull territory and MACD also suggesting a bullish stance over overall for this talk. So I think it's a buy list checks all the techniques, right? A by call coming in on United Spirits there. But moving on another counter that's in focus today is Lupin. Lupin share gained over 2% in the morning straight before it gave up those gains, but it was trading, you know, higher on the back of a positive inspection report by US FDA. The company received an EIR from US FDA for manufacturing facility at Somerset, NJ. The facility was inspected from May 7th to May 17th. And you know, the Managing Director of Lupin, Nilesh Gupta said that, but they are very pleased to have received the EIR with a satisfactory VAI status for for the Somerset facility. In fact, this is a significant milestone in building the reputation of being a best in class quality and compliance. So that's the word coming in from the managing Director and the back of positive results of the US FDA inspection. Lupin is in focus today. All right. So Lupin is in focus on back of that particular development, the Aster DM. This particular stock has been in use of late. And also today, once again, this one is in focus because remember on Friday you saw the huge block deal actually take place in Aster DM and we've got the names of the buyers. So Morgan Stanley and government of Singapore have picked up a combined stable approximately 1.9% in the company. This after Olympus Capitals block deal block sale that happened. So on back of that you can see the stock staying higher by 4 1/2 percent. Once again being in news and this time on the positive territory. All right, moving on, another name from the healthcare space and supplies walk to what you picked out to tell us what's the news flow on this one, right. So the stock is trading with 2% of decline. So actually USFDA had conducted an inspection at companies manufacturing facility in Goa from 10th to 21st June. And in conclusion of this inspection, the company has received 6 inspectional observation in Form 483, which is a cautious sign. But the company has said that they'll work closely with USFDA and is committed to address this comprehensive observations within stipulated time. Also, if you see the chart, then the stock seems to have given a gap down today also breakdown from its eight session consolidation pattern. And in addition to this, it has also slipped below its key 20 DMA level as well, keeping the bias a bit bearish here. All right, so that is all about SIPLA for you. In fact, on the sidelines of ET Now Leadership dialogues, our colleague Srishti actually Kara with Umang Gora, who is the CEO of Slip Global, CEO of SIPLA. Let's hear what exactly is he talking about. I think the the biggest vision for India would be to launch as many products as we can, all developed and manufactured in our country. So I'd like to see our sector actually not being called a generic sector, but a sector that innovates in a sector that takes our innovation to the rest of the world. So we would be innovators, we'd have several companies that are innovators all in with cutting edge technology and molecules that are patented. That's certainly among. But when we talk about the pharma sector, then there are so many breakthroughs that are happening. People are shifting and getting interest into the biosimilar space. There's a diabetic dog which is actually useful in the weight loss. So keeping Indias positioning, where do you see that India could play the bigger role in any such big theme that you are tracking at this point? So definitely in in areas where I would think innovation is required in terms of cost, supply chain, but I also think areas where drugs which cure diseases in this side of the world are really important. For example, the western world is not working as much on antimicrobial research. It's not working on on drugs of choice that are probably needed for our therapies here in India. And I think that is where companies like ours and companies in the Pharmaceutical industry in India will make a big impact. All right, let's resume with the with telling you all the stocks that are in focus today. And coming to you, Jinae TBO Tech is the name that you picked out for us a brokerage note that came out in the morning for this one. Tell us what is the brokerage note saying? The Goldman Sachs have initiated a buying rating in the company with the target price of rupees 1970. If you look at the financials over last five years, the companies revenue has grown by 26% CAGR and what Goldman believes that over next three years? Over next three years fiscal from FY20 24 to FY20 27, this revenues are set to grow at a CAGR of 2022 of 22%. And also they have highlighted some positive characteristics for the stocks. They believe that the company is exposed to large and fragmented addressable total visible markets, which will act as a tailwind for the company. They believe that company has a strong execution track record of the history and they also have asset light balance sheet which will aid them to generate free cash free strong free cash flow. The company has low competition and regulatory risk and Goldman believes that the company, the ratio of total FCF to PET ratio will be higher than 100% in foreseeable future. So very strong positive note coming in from Goldman Sachs on TBO Tech and the stock is trading about 8% in today's session. Absolutely brokerage note coming in is initiating coverage and the stock is staying high above by 8% in the recently list encounter. That is Aditya coming to you. Let's talk about Doctor Reddy's and I was actually this one looking on the charts to you. Interesting. 1 Sharon, stock hasn't moved yet within the pharma space. We are seeing some kind of an activity build up again and Doctor Reddy I think is getting up for a breakout from a downward sloping trend line. The neckline is face somewhere close to about 6070. So the moment stock starts to trade beyond 6070, we'll witness a three-year breakout from that downward sloping neckline and then the stock can test easily levels of 6500, about 6600 more of a positional trade shadow. But I think this is 1 trade one traders should not this out on another downside of 5900 about 5950 is a good strong support. Plus all the technical indicators are also suggesting the bullish momentum will follow through soon in the stocks. Overall, it's a very bullish looking stock. All right, with that, it's time for us to slip into a short break. Don't go anywhere. We'll be right back after the break with some more stocks. Welcome back here. Tune into market Fatah Fat with me, Ankita Saxen and with me is Cheryl D'souza. So let's get started yet again with all the stocks that are in focus today and Welshman Speciality Solutions. This counter is buzzing away in trade. In fact, it is trading OR with gains of 12% right now. In the morning it was trading with gains of over 17%. This is on the back of the fact that you know, the company has been named as the Elvin L1 bidder by BHEL for the supply of seamless stainless steel boiler tubes for the National Thermal Power Corporations Culture 2 into 616 megawatts super critical thermal power project. And the cost of this entire contract is 100 and ₹17,00,00,000. And on the back of this contract when Belt and Speciality Solutions is trading with gains of over 12% right now. All right, moving on, Aziza, let's talk about ICICI Pro Live. And this particular stock if you've seen is only given a very marginal uptick over the last six months or even for the matter of fact one year as well. The gains or returns coming out from this one has not been that exciting. What are the charts telling you now, do you think? Exciting times ahead for ICICI Pro, I think, Cheryl. In fact, the entire space could be very interesting heading closer towards the budget as well. There could be something in for the sector and overall, if I talk about ICC Prudential in particular, stock is getting up for a breakout from a consolidation phase. Interesting part is in the recent pullback that the stock had given last week, stock dictates supported the neckline from which it had broken out last last last week. So I think now it's getting up for a move up move again on the upside and test levels of 6:45 to about 660. On the downside, immediate supports are at 590 to about 585 S. It's just about ₹10 away from where it is trading right now. I think one can definitely look at adding on to the position right now in ICC. Potential for a target of 65660. RSI is also inching above the 60 level mark, so that is entering into a strong gold territory zone, which suggests that a good up move can be seen maybe in the coming trading sessions. All right, let's move on. Let's talk about Sanghvi movers then. And this particular counter is seeing a good uptick on an intraday basis. At one point in time, it was trading higher by about 3.8%. Now the stock is staying higher in excess of above 4% or so. And this because it has received two work orders with a total value of over 180 crore rupees. And on back of that, the stock is snap a three day losing streak and hopefully it will be able to sustain and close above these levels going ahead. And Tasangi movers to you buzzing on back of two orders in excess of about 180 crore rupees. Alright, JSW Energy is what you picked out for us. Another auto win coming in. Tell us, tell us about the auto win that's powering the stock. Yes, this is stock is up over 2% in trade today. So GSW New Energy, a wholly owned subsidy of the company has received a letter of award for ISTS connected wind solar hybrid power project of a 300 MW from Solar Energy Corporation of India. The subsequent to this capacity award, company's total logged in capacity increases to 13.6 GW and company expects to have an installed generation capacity of around 9.8 GW by this year of 2024, which is up from 7.3 currently. Also if you see the chart, the stock has touched record high today, it rates a Bucky DML level and has gained over 70% this year. All right, let's move on. Let's talk about MGL then Aditya and on the charts, how is MGL looking to you? Because you know, also the moves in MGL or for the matter of fact IGL half the time is also dependent what exactly happens happens to the prices, the news, the sentiment, the the policies that surround it. But on the charts, do you think that irrespective of what the news flow is, the stock will rise going ahead? Think so. And if anything, the news flows are positive. I believe Shell for the entire sector, which is why we are seeing good buying in all these stocks. Talking of MGL specifically, it's broken out from a good consolidation, a very long consolidation case rather I would say. And now it's getting up for a big up move. I believe on the upside, recent corrections have also halted at the key support at moving averages and also taking support at the trend line. So I think it has done with its correction, intermediate correction that it had it had to do. So on the upside, it can easily test levels of 1600 to about 1700. On the downside, immediate support is at 1450. So with the stock loss just of ₹5060, I think. So one can definitely look at going aggressive long on the stock, I would say because the technical indicators are suggesting that the stock will see higher levels in the coming trading sessions. All right, that's MGL. But moving on, Janay Howell, this what you've picked out for us. Tell us brokerage note came out this morning. Tell us what is the note saying? Jefferies came up with a note on heavens. They have maintained their hold rating with the target price of rupees 1800. What they believe is that key drivers for Lloyd margins could be normalizing ad spends, capacity utilization and cost savings. Now in FY20 24, we saw a strong B2B demand for the company, but witnessed some capacity constraints in the cable segment. Now what? Jefferies is estimating a 25% capacity addition by June of 2025 and they are expecting a EPS CAGR of about growing 21% from FY20 24 to FY20 27, led by margins revival as well. And let you know the stock is buzzing up around 1%. All right, so that is all about hassles for you. But on that note, we slip into a break and this edition of Market Fit offered most talks to discuss on the other side. Don't go anywhere. If you like this video then like, share and subscribe to ET Now.