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.
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.