Stock Ideas 💡 - 10th June 2024
Stock Ideas handpicked saving you from wasting time and analysis paralysis.
Hello! 👋
Welcome to some interesting stock ideas for this week.
What is Stock Ideas💡 and who is it for? Refer here - Introduction to Stock Ideas 💡
Save the hassle of going through a list of 1500+ stocks and creating a final list of 10-15 stocks also doing fundamental research on the same every single week.
None of the stock ideas are Buy/Sell recommendation as they are no entry or exit prices mentioned.
It is purely for idea generation and prevent mundane screening every week so you can focus on better things.
This series will present you with the best momentum stocks that can be in the traded/ invested from timeframe of few weeks to even couple of months.
Mawana Sugars Ltd.
Revenue of 1355 Cr FY23 vs 1482 Cr. FY24 - 👍
PAT of 13 Cr FY23 vs 38 Cr FY24 - 👍
EPS of 3.36 FY23 vs 9.62 FY24 - 👍
Looking at the technical standpoint -
Consolidation for a long time and visible volume increase.
Matrimony.com Ltd
Revenue of 456 Cr FY23 vs 481 Cr. FY24 - 👍
PAT of 47 Cr FY23 vs 50 Cr FY24 - 👍
EPS of 20.97 FY23 vs 22.26 FY24 - 👍
Looking at the technical standpoint -
Good volumes on weekly timeframe along with strength in price.
Aegis Logistics Ltd
Good volume in the weekly timeframe.
Revenue of 8627 Cr FY23 vs 7046 Cr. FY24 - 👎
PAT of 511 Cr FY23 vs 672 Cr FY24 - 👍
EPS of 13.19 FY23 vs 16.22 FY24 - 👍
Cords Cable Industries Ltd
Beautiful channel formation and price breaking out with some signs of volume.
Revenue of 526 Cr FY23 vs 628 Cr. FY24 - 👍
PAT of 7 Cr FY23 vs 10 Cr FY24 - 👍
EPS of 5.58 FY23 vs 7.79 FY24 - 👍
Orbit Exports Ltd
In a good channel and price is at the bottom of the channel.
Revenue of 197 Cr FY23 vs 200 Cr. FY24 - 👍
PAT of 34 Cr FY23 vs 34 Cr FY24 - 👎
EPS of 12.75 FY23 vs 12.89 FY24 - 👍
Teerth Gopicon Ltd
Revenue of 39 Cr FY23 vs 105 Cr. FY24 - 👍
PAT of 2 Cr FY23 vs 12 Cr FY24 - 👍
EPS of 3.58 FY23 vs 14.45 FY24 - 👍
Indian Energy Exchange Ltd
Good price action and consolidation. Also nearing resistance levels
Revenue of 401 Cr FY23 vs 449 Cr. FY24 - 👍
PAT of 293 Cr FY23 vs 341 Cr FY24 - 👍
EPS of 3.28 FY23 vs 3.83 FY24 - 👍
Cashflow positive.
ERIS Lifesciences Ltd
Breakout of major resistance with good volumes.
Revenue of 1685 Cr FY23 vs 2009 Cr. FY24 - 👍
PAT of 374 Cr FY23 vs 397 Cr FY24 - 👍
EPS of 28.1 FY23 vs 28.82 FY24 - 👍
Gokul Agro Resources Ltd
Breakout and retest of major resistance with good weekly volumes.
Revenue of 10740 Cr FY23 vs 13854 Cr. FY24 - 👍
PAT of 132 Cr FY23 vs 136 Cr FY24 - 👍
EPS of 8.97 FY23 vs 9.2 FY24 - 👍
Dr Lal Pathlabs Ltd
Breaking major resistance level followed with good volumes
Revenue of 2017 Cr FY23 vs 2227 Cr. FY24 - 👍
PAT of 241 Cr FY23 vs 362 Cr FY24 - 👍
EPS of 28.65 FY23 vs 42.85 FY24 - 👍
Biocon Ltd
Followed a good channel and now broke out of the channel with good weekly volumes.
Revenue of 11174 Cr FY23 vs 14756 Cr. FY24 - 👍
PAT of 643 Cr FY23 vs 1298 Cr FY24 - 👍
EPS of 3.85 FY23 vs 8.52 FY24 - 👍
Garware Technical Fibres Ltd
Breakout of All time high resistance levels with good weekly volumes.
Revenue of 1306 Cr FY23 vs 1326 Cr. FY24 - 👍
PAT of 172 Cr FY23 vs 208 Cr FY24 - 👍
EPS of 84.5 FY23 vs 102.16 FY24 - 👍
DISCLAIMER : Please note the above is not a Buy/Sell recommendation, it is purely for just knowledge purposes and understanding Technical analysis and the behavior of the market. This newsletter is by no means is to give you calls or recommendations of any kind. Please learn from the above analysis and don’t copy trade. We are not SEBI registered nor a financial advisor. Thank you. 
Set of Stock Ideas 💡 given last week on 13th May 2024, 20th May 2024, 27th May 2024 & 3rd June 2024 performance have been good in the span of 4 weeks.
Will only keep a record of how it performs on 4 weeks basis.
As we can see from the above Stock Ideas presented on 13th May have performed well in past 4 weeks time period.
This is how you can take ideas presented to you, learn how you can mix fundamentals and technical analysis, shortlist and make your own bias.
Will be updating weekly on the performance of the stocks given in the previous week and prior to that.
If you enjoyed reading this, learnt something and have any feedback or insights, please share by leaving a comment below 👇
Thank you for reading and keep learning.
Cheers,
Arjun.
Disclaimer : Content shared on or through this article is for information and education purposes only and should not be treated as investment or trading advice. The analysis and insights presented are based on publicly available information, and while efforts have been made to ensure accuracy, we cannot guarantee the completeness or reliability of the information.
Please do your own analysis or take consultation with a qualified financial advisor before making any investments based on your own personal circumstances.
Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
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Hi! Thankyou for sharing these. So all of these stocks are from a swing-trading point of view. Do you reckon your picks will change if you wanted to list out stocks from a long term investment perspective. Like picking out a potential multibagger in a few years?