Stock Ideas 💡 - 25th 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 💡

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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.

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1. S P Apparels Ltd

• Revenue of 1078 Cr FY23 vs 1087 Cr. FY24 - 👍

• PAT of 83 Cr FY23 vs 90 Cr FY24 - 👍

• EPS of 32.88 FY23 vs 35.74 FY24 - 👍

• Looking at the technical standpoint -

  • Breakout from long base consolidation along with volumes.

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2. Rane Engine Valve Ltd

• Revenue of 498 Cr FY23 vs 567 Cr. FY24 - 👍

• PAT of 0 Cr FY23 vs 11 Cr FY24 - 👍

• EPS of (0.08) FY23 vs 15.84 FY24 - 👍

• Looking at the technical standpoint -

  • Following the trendline well and inching towards the high

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3. Muthoot Microfin Ltd

• Good volume in the weekly timeframe.

• Revenue of 1429 Cr FY23 vs 2270 Cr. FY24 - 👍

• PAT of 164 Cr FY23 vs 450 Cr FY24 - 👍

• EPS of 14.03 FY23 vs 26.37 FY24 - 👍

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4. Bhansali Engineering Polymers Ltd

• Breakout from resistance will all time high volume supporting price.

• Revenue of 1363 Cr FY23 vs 1222 Cr. FY24 - 👎

• PAT of 136 Cr FY23 vs 180 Cr FY24 - 👍

• EPS of 5.46 FY23 vs 7.22 FY24 - 👍

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5. Nova Agritech Ltd

• Really good weekly volumes supporting price.

• Revenue of 211 Cr FY23 vs 252 Cr. FY24 - 👍

• PAT of 20 Cr FY23 vs 28 Cr FY24 - 👍

• EPS of 3.14 FY23 vs 3.06 FY24 - 👎

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6. Cera Sanitaryware Ltd

• Inching towards All time high with really good weekly volumes.

• Revenue of 1803 Cr FY23 vs 1871 Cr. FY24 - 👍

• PAT of 210 Cr FY23 vs 239 Cr FY24 - 👍

• EPS of 161.2 FY23 vs 183.89 FY24 - 👍

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7. Sona Machinery Ltd

• Really good weekly volumes and strong price action

• Revenue of 81 Cr FY23 vs 95 Cr. FY24 - 👍

• PAT of 8 Cr FY23 vs 10 Cr FY24 - 👍

• EPS of 771 FY23 vs 7.63 FY24 - 👍

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8. Thomas Scott India Ltd

• Stock inching towards the all time high breaking the downward channel

• Revenue of 62 Cr FY23 vs 91 Cr. FY24 - 👍

• PAT of 3 Cr FY23 vs 10 Cr FY24 - 👍

• EPS of 4.53 FY23 vs 10.23 FY24 - 👍

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9. K2 Infragen Ltd

• Largest volumes with price action

• Revenue of 75 Cr FY23 vs 109 Cr. FY24 - 👍

• PAT of 11 Cr FY23 vs 12 Cr FY24 - 👍

• EPS of 50.53 FY23 vs 13.52 FY24 - 👍

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10. Nath Bio-Genes (India) Ltd

• Good build-up in weekly volumes with trendline being respected.

• Revenue of 234 Cr FY23 vs 333 Cr. FY24 - 👍

• PAT of 35 Cr FY23 vs 40 Cr FY24 - 👍

• EPS of 18.51 FY23 vs 21.14 FY24 - 👍

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11. Gravita India Ltd

• Breakout of a major resistance with really good weekly volumes.

• Revenue of 2801 Cr FY23 vs 3161 Cr. FY24 - 👍

• PAT of 204 Cr FY23 vs 242 Cr FY24 - 👍

• EPS of 29.13 FY23 vs 34.65 FY24 - 👍

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12. Privi Speciality Chemicals Ltd

• Good show of volumes and price nearing resistance with potential breakout.

• 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 - 👍

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13. Crown Lifters Ltd

• Following the channel well with good volumes.

• Revenue of 19.28 Cr FY23 vs 28.1 Cr. FY24 - 👍

• PAT of 3.9 Cr FY23 vs 5.51 Cr FY24 - 👍

• EPS of 3.75 FY23 vs 4.91 FY24 - 👍

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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. 

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Set of Stock Ideas 💡 given last few weeks on 27th May 2024, 3rd June 2024, 10th June 2024 & 18th 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 Paras Defense (63%+), Refractory (77%+) & TGL (55%+)

Top losers being Alankit (-7.5%) and MahePC (-7.18%)

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.

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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.

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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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