Stock Ideas 💡 - 3rd 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.
Heritage Foods Ltd
Revenue of 3241 Cr FY23 vs 3794 Cr. FY24 - 👍
PAT of 58 Cr vs 107 Cr FY24 - 👍
EPS of 6.25 vs 11.48 FY24 - 👍
Looking at the technical standpoint -
Good volumes on the weekly and inching toward the all time high
Showing strength in price.
Johnson Controls-Hitachi Air Condition. India Ltd
Revenue of 2384 Cr FY23 vs 1919 Cr. FY24 - 👎
PAT of (82) Cr FY23 vs (76) Cr FY24 - 👍
EPS of (30.21) FY23 vs (27.84) FY24 - 👍
Cashflow positive.
Looking at the technical standpoint -
Good volumes on weekly timeframe along with strength in volume.
M M Forgings Ltd.
Good volume picking up in the weekly timeframe.
Revenue of 1409 Cr FY23 vs 1527 Cr. FY24 - 👍
PAT of 126 Cr FY23 vs 145 Cr FY24 - 👍
EPS of 52.02 FY23 vs 59.96 FY24 - 👍
Atlantaa Ltd
On the Monthly timeframe there is a breakout after a few years of consolidation.
Revenue of 52 Cr FY23 vs 133 Cr. FY24 - 👍
PAT of (32) Cr FY23 vs 539 Cr FY24 - 👍
EPS of (3.98) FY23 vs 65.99 FY24 - 👍
Refractory Shapes Ltd
No reading from technical point of view.
Revenue of 25.49 Cr FY22 vs 37.97 Cr. FY23 - 👍
PAT of 2.87 Cr FY23 vs 1.92 Cr FY24 - 👎
KNR Constructions Ltd
Highest weekly volumes along with confirmed breakout of trendline.
Revenue of 4062 Cr FY23 vs 4429 Cr. FY24 - 👍
PAT of 439 Cr FY23 vs 752 Cr FY24 - 👍
EPS of 16.29 FY23 vs 27.64 FY24 - 👍
Suprajit Engineering Ltd
Good price action and consolidation going towards all time high.
Revenue of 2752 Cr FY23 vs 2896 Cr. FY24 - 👍
PAT of 152 Cr FY23 vs 167 Cr FY24 - 👍
EPS of 10.99 FY23 vs 12.08 FY24 - 👍
Cashflow positive.
Grindwell Norton Ltd
Huge volumes along with a breakout of the resistance of multiple years.
Revenue of 2541 Cr FY23 vs 2687 Cr. FY24 - 👍
PAT of 362 Cr FY23 vs 384 Cr FY24 - 👍
EPS of 32.69 FY23 vs 34.65 FY24 - 👍
Samvardhana Motherson International Ltd
Resistance breakout with significant volume building up.
Revenue of 78701 Cr FY23 vs 98692 Cr. FY24 - 👍
PAT of 1670 Cr FY23 vs 3020 Cr FY24 - 👍
EPS of 2.21 FY23 vs 4.01 FY24 - 👍
CMS Info Systems Ltd
Obeying the trendline and slight volumes picking up and price action looks good
Revenue of 1915 Cr FY23 vs 2265 Cr. FY24 - 👍
PAT of 297 Cr FY23 vs 347 Cr FY24 - 👍
EPS of 19.25 FY23 vs 21.33 FY24 - 👍
Sanghvi Movers Ltd
Coming to the bottom of the range and also on weekly supported by Volumes.
Revenue of 456 Cr FY23 vs 619 Cr. FY24 - 👎
PAT of 112 Cr FY23 vs 188 Cr FY24- 👍
EPS of 25.88 FY23 vs 43.42 FY24 - 👍
Emami Ltd
Highest weekly volumes ever also supported by the price breaking resistance.
Revenue of 3406 Cr FY23 vs 3578 Cr. FY24 - 👍
PAT of 627 Cr FY23 vs 724 Cr FY24 - 👍
EPS of 14.5 FY23 vs 16.58 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 performance have been good in the span of 2-3 weeks.
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.
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