Kerbside
GOOD QUARTER
PVR
BSE Code: 532689
CMP: Rs. 1634.70
PVR owns and operates multiplexes across 19 states and UTs with a total of 748 screens. The company generates income from the following segments: box office (ticket revenue), food & beverages and advertisements. The company’s revenues for Q3FY19 jumped 53 per cent YoY to Rs. 857.3 crore, which is mainly attributed to higher footfalls and improvement in occupancy rates on a YoY basis. The advertisement revenue grew by 16 per cent YoY. Ad growth of 15 per cent is achievable and management expects advertising to remain strong in Q4. Our sources expect the Q4FY19 to be a good quarter. Hence, one can accumulate this stock for some blockbuster gains in the short-medium term.
RE- RATING
NTPC
BSE Code: 532555
CMP: Rs. 151.10
The new Central Electricity Regulatory Commission (CERC) tariff regulations for the period 2019-2024 as per one of the leading broker’s report appears to be dovish and accommodative, which is a significant respite for power companies. Within the space, we like NTPC as the stock is likely to witness a re-rating from the brokerage house and, lately, the volumes in the stock have seen a spike, which indicates it is grabbing a lot of attention of investors and traders.
LOW BASE
Torrent Pharmaceuticals
BSE Code: 500420
CMP: Rs. 1845.60
After having witnessed a depressing performance on Dalal Street for quite a long time, the pharma stocks are once again buzzing on the street. Some of the big brokers are indicating that the listless days for this sector are coming to an end and the sector could stage a recovery from a low base. In the pharma space, our sources suggests that one stock they particularly like is Torrent Pharma on the back of improving fundamentals and its positioning. Also, the stock has seen jump in volumes and there is a buzz that smart players are accumulating the stock. Risk-takers can go for this scrip and hope to make some quick buck.
AND FINALLY..
Balkrishna Industries
BSE Code: 502355
CMP: Rs. 934
Balkrishna Industries is India’s leading player in the global ‘Off-highway tyre (OHT)’ market. As per the reports, the company is expecting healthy demand going forward demand from farmers and also the government focus on the agriculture sector. The company is working on Rs. 2,000 crore expansion plan in India to meet the increasing demand of its products globally. Additionally, the stock is technically poised for an upmove in the near term. Traders can take exposure in this scrip for some trading gains.