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Weekly Stock Recommendation

Central Depository Services Ltd: CMP 830 SL 790 TGT 900

Sector: Miscellaneous 

Business Area of the company :

It is one of India’s leading securities depositories in India. It offers various services such as account opening, de-materialization, processing delivery receipt instructions, account statement, Re-materialization, pledging, nomination, the transmission of securities, bank account details & SMS services for depository participants.

The company was initially promoted by BSE Ltd. All leading stock exchanges like the BSE Ltd. National Stock Exchange and Metropolitan Stock Exchange of India are also associated with it.

Technical Setup:

Stock is trading above all important moving averages 

Stock Close above its resistance of Rs 827

Price Strength indicated by RSI 

MACD near to cross above the signal line 

Fundamental Setup:

The Company is almost debt-free.

Good quarterly growth in recent results, with the increase in operating margins on (YoY) basis 

Good profit growth of 24.10% CAGR over last 5 years

The company’s dividend payout is 42.69%

 

Astral Ltd: CMP 1680 SL 1600 TGT 1820 

Sector: Plastic products 

Business Area of the company:

This company is the leading manufacturers of plastic pipes. It manufactures plumbing, Drainage, agriculture, Industrial, electrical conduit, and fire sprinkler pipes along with Hauraton surface drainage systems.

It has been a pioneer in introducing CPVC pipes and fittings. The Company offers a wide range of products across piping and adhesives to meet the needs of the real estate sector in India. It has 12 manufacturing units in India and overseas. Astral is delivering the best in its business.

Technical Setup:

MACD crossover above the signal line 

Stock Closed above its 20 & 50 days SMA 

Fundamental Setup:

Increase in FII / FPI shareholding 

The strong cash-generating ability from core business

Company with Zero Promoter Pledge 

Sales growth is 20.95% of last 10 years

Kabra Extrusion:  CMP 181.75 SL 171 TGT 200 

Sector: Capital Goods-Non Electrical Equipment

Business Area of the company:

The Company manufactures extrusion lines with matched components, sophisticated automation concepts & tailor-made solutions enabling processors to consistently produce high-quality end products to all its customers.

Technical Setup:

MACD crossover above the signal line 

Stock Closed above its 20 & 50 days SMA 

The stock moves out of one-month sideways consolidation 

Fundamental Setup:

Company with Zero Promoter Pledge 

Promoters increasing shareholding QoQ

 

Investment Pick: Radico Khaitan CMP 546 TGT 675+

Market Cap: 7296Cr 

ROE 17.3% 

Dividend Yield 0.37%

Stock P/E 30.2

 

Sector: Alcoholic Beverages Industry: Breweries & Distilleries

About the company:

Radico Khaitan is one of the oldest and the largest manufacturers of Liquor in India especially Indian Made Foreign Liquor. Also known as Rampur Distillery earlier, started its business in 1943, and it emerged as a major bulk spirits supplier, it is one of the most renowned liquor brands in India.

With more than 75 years of experience in spirits making, it has evolved from being just a distiller of spirits and turned into a leading IMFL company in India. With the unique vision of the promoters, started its brands in 1998 & launched 8 PM Whisky.

And built a strong manufacturing platform and developing a pan India distribution network to expand its premium brands. It is one of the few companies in India to have developed its entire brand portfolio organically, with in-house capabilities with R&D and customer preferences.

Major Brands – 8-PM Whisky, Magic Moments Vodka, Contessa XXX Rum, and Old Admiral Brandy are some of its well-known brands.

Business Area of the Company:

The company is engaged in the manufacturing and trading of alcoholic products such as Indian-made Foreign Liquor, Alcohol, Country Liquor, etc. The company has its presence in India as well as across global market presence is there too.

Fundamental Setup:

The Company has delivered good profit growth of 26.89% CAGR over the last 5 years.

Improved ROE & ROA since last two years

Increase in FII/FPI & Institutional Shareholdings 

Company with low debt 

 

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