Stock Market Alert: Must-Watch Stocks Set to Skyrocket on June 6, 2024

Indian Stock Market: Top Investment Picks for June 6, 2024

Kalpataru Projects International Ltd

Rs.1,186.80/-

Kalpataru Projects Eyes Fundraising via NCDs

• Kalpataru Projects International Ltd plans to raise funds through the issuance of non-convertible debentures (NCDs) on a private placement basis.
• The company’s board and executive committee will convene on June 10, 2024, to review and approve this fundraising proposal.
• This strategic initiative could pave the way for future growth opportunities for Kalpataru Projects International Ltd.
• KPIL has achieved a 104.75% return over the past year.

Container Corporation of India Ltd

Rs.1,045.00/-

CONCOR and SCI Ink Partnership Agreement

• Container Corporation of India (CONCOR) signs a Memorandum of Understanding (MoU) with Shipping Corporation of India (SCI) to provide seamless end-to-end logistics solutions.
• This strategic partnership is anticipated to boost revenue growth and profitability for CONCOR.
• Following the announcement of the MoU, CONCOR shares surged by up to 7%.
• CONCOR has achieved a 41.29% return over the past year.

Nandan Denim Ltd

Rs.45.60/-

Nandan Denim to Review Stock Split Proposal

• Nandan Denim’s board is set to consider and potentially approve a proposal for a stock split.
• The company’s share price has seen substantial growth, delivering multibagger returns of around 122.4% over the past year.
• Investors are keenly observing this development, as it could significantly influence the company’s stock performance.
• NDL has achieved an impressive 84.02% return in the last year.

Heritage Foods Ltd

Rs.601.15/-

Heritage Foods Sees Q4 Profit Surge

• Heritage Foods’ Q4 profit more than doubled, reaching Rs 40.5 crore.
• Revenue increased by 16.3% year-on-year, amounting to Rs 950.6 crore.
• The rise in demand for branded dairy products and higher milk prices are key factors driving this revenue growth.
• HERITGFOOD has delivered an impressive 80.89% return over the past year.

Gujarat Gas Ltd

Rs.569.50/-

Gujarat Gas Attracts Brokerage Attention Amid Positive Outlook

• Brokerages are keeping a close watch on Gujarat Gas Ltd. due to anticipated rural growth and favorable monsoon conditions.
• Economic factors and stricter regulations promoting cleaner gas are expected to boost trading volumes.
• GUJGASLTD has recorded a 12.2% return over the past year, reflecting its steady performance.

Bhagiradha Chemicals and Industries Ltd

Rs.241.25/-

Damani’s Entity Buys Stake in Bhagiradha Chemicals

• Derive Trading and Resorts, owned by Radhakishan Damani, has acquired a 3.5% stake in Bhagiradha Chemicals & Industries Ltd.
• Following the acquisition, the stock price surged by up to 41% over the last two trading days.
• Bhagiradha Chemicals specializes in producing agrochemicals, including pesticides and insecticides.
• BHAGCHEM has delivered a 155.27% return over the past three years.

Gail (India) Ltd

Rs.208.30/-

GAIL Poised for Expansion Amid Industry Shifts

• Citi Research selects GAIL (India) and Mahanagar Gas Limited (MGL) as top picks in the energy sector.
• GAIL is strategically positioned to benefit from the multi-year energy transition, with a favorable outlook for FY25.
• GAIL has achieved an impressive 82.19% return over the past year.

Bharat Heavy Electricals Ltd

Rs.278.50/-

BHEL Lands Major Thermal Power Project Orders

• Bharat Heavy Electricals Ltd (BHEL) secures over Rs 7,000 crore in orders for thermal power projects in Chhattisgarh and Uttar Pradesh.
• The orders include the supply of boilers, turbines, generators, and associated auxiliaries, along with supervision of erection and commissioning.
• BHEL has delivered a remarkable 188.03% return over the past year.

KEC International Ltd

Rs.771.85/-

KEC International Wins Rs 1,002 Crore Orders in Civil Sector

• KEC International secures Rs 1,002 crore in orders for its civil business.
• Projects include residential developments in northern and southern India from leading real estate developers.
• The company will also construct official residences and facilities for senior defence officials.
• KEC has provided a 31.4% return over the past year.

Century Textiles and Industries Ltd

Rs.2,065.10/-

Century Textiles Forms JV for Luxury Residential Project

• Century Textiles & Industries Ltd’s subsidiary, Birla Estates, partners with Barmalt India Pvt. Ltd for a luxury residential group housing project in Gurugram.
• The project encompasses 13.27 acres of land, with a development potential of approximately 2.4 million square feet.
• Estimated revenue from the project is around 5,000 crore.
• CENTURYTEX has delivered an impressive 138.84% return over the past year.

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Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.