Stock Ideas 💡 - 1st July 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.
NBI Industrial Finance Company Ltd
Revenue of 10.16 Cr FY23 vs 12.95 Cr. FY24 - 👍
PAT of 5.27 Cr FY23 vs 7.87 Cr FY24 - 👍
EPS of 21.45 FY23 vs 32.03 FY24 - 👍
Looking at the technical standpoint -
Breakout from the downward channel with highest volume in a year.
Shanthi Gears Ltd
Revenue of 446 Cr FY23 vs 536 Cr. FY24 - 👍
PAT of 67 Cr FY23 vs 82 Cr FY24 - 👍
EPS of 8.74 FY23 vs 10.72 FY24 - 👍
Looking at the technical standpoint -
Following the upward channel well and closer to the midpoint of channel. Volumes picking up.
ITD Cementation India Ltd
Following the steep upward channel with strong price action and huge voume buildup in past few weeks.
Revenue of 5091 Cr FY23 vs 7718 Cr. FY24 - 👍
PAT of 125 Cr FY23 vs 274 Cr FY24 - 👍
EPS of 7.23 FY23 vs 15.93 FY24 - 👍
Black Box Ltd
Breakout from resistance will all time high volume supporting price.
Revenue of 6288 Cr FY23 vs 6282 Cr. FY24 - 👎
PAT of 24 Cr FY23 vs 138 Cr FY24 - 👍
EPS of 1.41 FY23 vs 8.19 FY24 - 👍
Mahanagar Gas Ltd
Really good weekly volumes supporting price with making a new all time high
Revenue of 6299 Cr FY23 vs 6245 Cr. FY24 - 👎
PAT of 790 Cr FY23 vs 1289 Cr FY24 - 👍
EPS of 79.98 FY23 vs 130.5 FY24 - 👍
Indraprastha Gas Ltd
Price was following the upward channel perfectly and now closed above it with good volumes.
Revenue of 14146 Cr FY23 vs 14000 Cr. FY24 - 👎
PAT of 1445 Cr FY23 vs 1748 Cr FY24 - 👍
EPS of 20.64 FY23 vs 24.97 FY24 - 👍
Privi Speciality Chemicals Ltd
Good breakout from the previous small consolidation and now going towards the major consolidation with good volumes.
Revenue of 1578 Cr FY23 vs 1712 Cr. FY24 - 👍
PAT of 22 Cr FY23 vs 98 Cr FY24 - 👍
EPS of 5.75 FY23 vs 25.03 FY24 - 👍
Raymond Ltd
Price gave a clean breakout of the resistance level with good weekly volumes
Revenue of 8215 Cr FY23 vs 9020 Cr. FY24 - 👍
PAT of 537 Cr FY23 vs 1643 Cr FY24 - 👍
EPS of 79.45 FY23 vs 246.01 FY24 - 👍
Hexa Tradex Ltd
Highest ever volumes with good breakout from a long consolidation.
Revenue of 1 Cr FY23 vs 133 Cr. FY24 - 👍
PAT of (26) Cr FY23 vs 92 Cr FY24 - 👍
EPS of (4.64) FY23 vs 16.71 FY24 - 👍
Rossari Biotech Ltd
Clean breakout from the downward channel with good volumes.
Revenue of 1656 Cr FY23 vs 1831 Cr. FY24 - 👍
PAT of 107 Cr FY23 vs 131 Cr FY24 - 👍
EPS of 19.45 FY23 vs 23.66 FY24 - 👍
Craftsman Automation Ltd
Breakout of a major resistance with highest ever volumes. There also was a recent QIP of 1200 Cr on 14th June.
Revenue of 3183 Cr FY23 vs 4452 Cr. FY24 - 👍
PAT of 251 Cr FY23 vs 337 Cr FY24 - 👍
EPS of 117.56 FY23 vs 144.11 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 few weeks on 3rd June 2024, 10th June 2024, 18th June 2024 & 25th 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.
Great performance by most of the stocks given in the last 4 weeks.
Top gainers being Refractory (54%+), TGL (55%+) & Digispice (36.3%+)
Top losers being Sonamac (-9.8%), Infobean (-8.43%) & Garfibers (-6%)
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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