📢 *Tower Talk* 🏦
_*(from Money Times)*_
🚀 Hyderabad-based Broking firm, *B.N. Rathi Securities,* currently trades at attractive valuations of 4x FY17E earnings and 0.6x its book value with 5% dividend yield. Buy for a price target of Rs.30 or 50% gain within a year.
🚀 China's Jiangsu plans to acquire 26% stake in troubled *Diamond Power Infrastructure* for around Rs.840 crore from lenders and later make an offer for another 25%. A positive for the Company.
🚀 *Ceat* posted decent results. This share is currently undervalued. Buy for a price target of Rs.1200.
🚀 Punters are positive on *Bata India*. Buy at the current level for a price target of Rs.675.
🚀 *Gati* is a good buy as GST will lead to lower transit time and higher truck utilisation.
🚀 Sell *Rana Sugars* which currently trades at Rs.15 in spite of carrying heavy accumulated losses.
🚀 *Electrosteel Castings* is ready for a takeoff. It owns about 50% of Srikalahasthi Pipes and also has about 27% of the market share for ductile pipes in the country. Buy for decent gains.
🚀 Apart from posting good Q1 numbers, *Godrej Consumer Products* has also bought two hair care firms in Africa (100% stake in Hair Credentials Zambia and 51% in Weave Senegal) to ramp up its presence there. A safe bet.
🚀 *Borosil Glass Works* has acquired 60% stake in Nasik-based glass packaging firm Klasspack for an undisclosed price, by way of fund infusion, with a view to serve the pharma sector. A big positive for the Company.
🚀 *Eicher Motors* is poised to continue its race as expansion of Royal Enfield is in place. Higher margins and robust order inflows will contribute to its rise. A good long-term buy.
🚀 *Astra Microwave Products* has obtained some coveted orders from the defence sector. Further, with expansion of its product offerings, the Company is expected to perform well in the next few years. A very good long-term buy.
🚀 *NRB Bearings* has once again been contracted to supply its products to Audi. The Company will benefit from this export business. A good buy at the current level.
🚀 The management of *Advanced Enzyme Technologies* expect its top-line to grow by about 25% over the next 10 years. An excellent long-term buy.
🚀 In spite of negative rumour and news, the share price of *Venus Remediesv refuses to fall further. An excellent buy for long-term investors.
🚀 *Voltas* posted 54% higher net profit of Rs.86.1 crore for Q1FY17. A good buy.
🚀 Excellent results by *Wim Plast* suggest that the run in its share price will continue. The Company has also declared a 1:1 bonus.
🚀 *Datamatics Global Services*, has posted excellent Q1FY17 results with 70% higher net profit and is likely to post an FY17 EPS of Rs.12. Its share price is poised to touch the Rs.100 mark. Its all-time high is Rs.210.
🚀 Some HNIs have bet on *Oriental Bank of Commerce (OBC)* as it is expected to post good results like Indian Bank. Its share currently trades at price to adjusted book value of 0.8:1 and may touch the Rs.145 mark.
🚀 An Ahmedabad-based analyst recommends *Aro Granite Industries, Daikaffil Chemicals India, IOL Chemicals & Pharmaceuticals, Lancor Holdings, Murudeshwar Ceramics* and *Tanla Solutions*.
🚀 The latest grey market premium for *Dilip Buildcon* IPO is Rs.29-30
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