Stock Market Alert: Top Stocks Set to Soar on June 12, 2024

Indian Stock Market: Prime Investment Opportunities for June 12, 2024

Siemens Ltd

Rs.7,070.25/-

Siemens to List Energy Business Separately

• Siemens Limited is set to list its energy business as a separate entity, Siemens Energy India Limited.
• Shareholders will receive one share in Siemens Energy India Limited for every share held in Siemens Ltd, maintaining a 1:1 ratio.
• The energy segment accounts for 33% of Siemens Limited’s overall operations.
• Over the past year, Siemens has delivered impressive returns of 87.42%.

 

Britannia Industries Ltd

Rs.5,467.02/-

Britannia Stock Climbs Amid Positive FMCG Outlook

• Britannia Industries Ltd stock has risen by approximately 8.59% over the past month.
• The Nifty FMCG index, which includes Britannia, has also increased by around 4.82% in the same period.
• Samco Ventures’ CEO recently highlighted that FMCG stocks are undervalued and present buying opportunities.
• Over the past three years, Britannia has delivered returns of 54.26%.

 

Tube Investments of India Ltd

Rs.4,174.95/-

Tube Investments Secures Funds for Electric Mobility Expansion

• Tube Investments of India Ltd, along with its subsidiary TI Clean Mobility Private Ltd, has secured a Rs 160-crore investment from South Asia Growth Invest III LLC and South Asia EBT Trust III.
• This funding is part of TICMPL’s larger strategy to raise ₹3,000 crore to enhance its electric mobility operations.
• Over the past five years, Tube Investments has achieved impressive returns of 908.03%.

 

Container Corporation of India Ltd

Rs.1,145.60/-

CCRI Projects Robust Volume Growth for FY25

• Container Corporation of India Ltd (CCRI) has appointed Prabhas Dansana as Part-Time Government Director.
• The company forecasts a 15% growth in EXIM volume, 25% growth in domestic volume, and 18% overall growth for FY25.
• EBITDA margin is projected to be between 24-25% over FY24-26.
• Analysts reiterate a BUY rating with a target price of INR 1,260.
• Over the past year, CONCOR has delivered returns of 59.02%.

 

Dredging Corporation of India Ltd

Rs.1,129.20/-

DCIL Stock Soars on Major Contract Win

• Dredging Corporation of India Ltd (DCIL) saw its stock hit the 10% upper circuit after securing a Rs 2,015.88 crore contract from Syama Prasad Mookerjee Port Authority for maintenance dredging in the Hooghly Estuary.
• For FY23-24, DCIL’s EBITDA surged by 81.36% to Rs 224.40 crore compared to the previous year.
• Over the past year, DCIL has delivered an impressive return of 194.85%.

 

Transformers and Rectifiers (India) Ltd

Rs.808.00/-

Transformers & Rectifiers India Launches QIP to Raise Rs 500 Crore

• Transformers & Rectifiers India Ltd has launched a Qualified Institutional Placement (QIP) to raise up to Rs 500 crore.
• The floor price is set at Rs 699.95 per share, reflecting a 4.5% discount to the closing price on June 10th.
• The funds will be allocated for capex plans, debt repayment, working capital, inorganic growth, and general corporate purposes.
• Over the past five years, TRIL has delivered an astonishing return of 5989.63%.

 

Varroc Engineering Ltd

Rs.680.35/-

Insiders Show Strong Confidence in Varroc Engineering

• Varroc Engineering Ltd’s CEO is the most bullish insider, with the stock gaining 11% last week.
• Insiders hold more than half of Varroc Engineering, effectively controlling the company.
• Increased trading volume on NSE indicates rising investor interest in the stock.
• Over the past year, Varroc has delivered returns of 93.68%.

 

IOL Chemicals and Pharmaceuticals Ltd.

Rs.394.55/-

IOL Chemicals Boosts Market Reach with New Certifications

• IOL Chemicals and Pharmaceuticals Ltd has obtained a Certification of Suitability (CEP) for Pantoprazole Sodium Sesquihydrate using an alternative process.
• The company also secured a CEP for Allopurinol, enabling exports to European and other CEP-accepting countries.
• These certifications are expected to enhance IOL Chemicals’ revenue growth by expanding its market reach.
• Over the past five years, IOLCP has delivered returns of 81.44%.

 

Shipping Corporation of India Ltd

Rs.260.45/-

Expedited Divestment of Shipping Corporation of India on the Horizon

• The government is set to expedite the divestment of its 63.75% stake in Shipping Corporation of India.
• Facilitation of the sale is anticipated following the approval of a stamp duty waiver from Maharashtra and the conclusion of general elections.
• Over the past year, SCI has delivered impressive returns of 130.96%.

 

TVS Supply Chain Solutions Ltd

Rs.177.65/-

TVS Supply Chain Solutions Secures Major Contract with Daimler Truck

• TVS Supply Chain Solutions has signed a 5-year strategic contract with Daimler Truck South East Asia for Integrated Supply Chain Solutions (ISCS) services in Singapore.
• The contract aims to streamline supply chain operations across the Asia-Pacific region, managing 8,000 SKUs and 65,000 order lines annually.
• Despite recent challenges, TVSSCS is poised for growth with this significant new partnership.

 

Kriti Industries (India) Limited

Rs.164.01/-

Kriti Industries: AGM Announcement and Strong Dividend Yield

• Kriti Industries (India) Ltd recently announced a remarkable dividend payout of 0.2 per share for FY24, equating to a 20% dividend yield.
• The company is set to convene its Annual General Meeting (AGM) on June 11, providing an opportunity for stakeholders to engage.
• With a substantial return rate of 36.24% over the past year, KRITI shares have captured investor interest and confidence.
• Amidst the market’s flux, Kriti Industries emerges as a standout performer, emphasizing stability and growth in the Indian stock market.

 

Hindustan Construction Company Ltd

Rs.49.93/-

HCC’s Growth Potential Unveiled

• Elara Securities has commenced coverage on Hindustan Construction Company (HCC) with a buy rating and a target price of Rs 63, indicating a potential upside of approximately 60%.
• Forecasts by Elara suggest HCC’s standalone revenue and EBITDA to exhibit a compounded annual growth rate (CAGR) of 20% during FY24-27E, accompanied by an impressive earnings CAGR of 50% due to reduced interest costs.
• HCC has delivered remarkable returns of 101.01% over the past year, signaling robust performance and investor confidence in the infrastructure sector.

 

Trident Ltd

Rs.39.92/-

Trident Ltd Boosts Subsidiary with Strategic Investment

• Trident Limited increases stake in Trident Global B.V., its wholly-owned subsidiary, by acquiring 15,000 ordinary shares at €1 each.
• This move aims to bolster the subsidiary’s position within Trident Ltd’s portfolio, potentially driving future revenue growth.
• The investment underscores Trident Ltd’s strategic vision and commitment to maximizing subsidiary potential.
• TRIDENT has delivered impressive returns of 463.22% over the past five years, reflecting sound investment strategies and resilience in the market.

 

Reliance Power Ltd

Rs.31.54/-

Reliance Power Clears Debt, Achieves Standalone Debt-Free Status

• Reliance Power Ltd becomes debt-free on a standalone basis by settling debts of approximately Rs 800 crore.
• Debt settlement involves selling development rights for its hydro-electric project in Arunachal Pradesh and wind energy project in Maharashtra.
• This strategic move allows Reliance Power to focus on growth initiatives.
• RPOWER demonstrates financial resilience with 64.54% returns over the past year.
• Reliance Power’s debt-free status reflects its commitment to financial stability.

 

Brightcom Group Ltd

Rs.9.88/-

Brightcom Group Faces Share Suspension Amidst Investor Concerns

• Brightcom Group shares tumble by 5% following disappointing September quarter earnings and delayed Q3 results.
• Trading suspension from June 14 onwards until compliance with Master Circular regulations.
• Despite challenges, retail investors persist in their interest in Brightcom Group shares.
• Over the past five years, BCG has delivered remarkable returns of 370.14%.
• The share suspension underscores investor apprehensions amidst ongoing regulatory compliance issues.

 

 

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