Stock Market Watch: High-Potential Stocks Poised for a Surge on June 14, 2024

Indian Stock Market: Leading Picks to Consider for Investment on June 14, 2024

Dixon Technologies (India) Ltd at Indian Stock Market
Dixon Technologies (India) Ltd at Indian Stock Market

Dixon Technologies (India) Ltd

Rs.11,376.60/-

Dixon Technologies Announces Major Expansion and Investment Plans

  • Investment Plans: Dixon Technologies plans to invest Rs 1,500-1,800 crore over the next three years to expand its production capacity and component manufacturing.
  • Funding Source: The company will use internal accruals from cash flow to fund these investments.
  • New Ventures: Dixon is exploring the electric vehicle space, focusing on manufacturing components like electronic modules.
  • Future Growth: With strong revenue performance, Dixon’s expansion plans could lead to significant growth opportunities.
  • Recent Performance: DIXON has provided a return of 139.06% over the past year.

 

Trent Ltd at Indian Stock Market
Trent Ltd at Indian Stock Market

Trent Ltd

Rs.5,173.00/-

Trent Ltd Receives Strong Buy Ratings Amid Robust Growth

  • Analyst Ratings: Trent Ltd has been given a Buy rating by Motilal Oswal and Sharekhan, with target prices set at Rs. 5500 and Rs. 5838 respectively.
  • Growth Drivers: The company’s strong performance is driven by consistent double-digit same-store sales growth (SSSG), ongoing store expansions, and increased market share in the value apparel segment.
  • Investment Returns: TRENT has delivered an impressive return of 198.29% over the past year.

 

Bharat Bijlee Ltd at Indian Stock Market
Bharat Bijlee Ltd at Indian Stock Market

Bharat Bijlee Ltd

Rs.5,094.90/-

Bharat Bijlee’s Capital Growth Outpaces Return on Investment

  • Capital Increase: Bharat Bijlee Ltd has increased its capital employed by 163% over the last five years.
  • Stable Returns: Despite the capital increase, the returns on this capital have remained stable at 7.9%.
  • Investment Yield: The company’s investments have not resulted in high returns on capital.
  • Stock Performance: The stock has given multi-bagger returns, with 145.57% in six months and 211.27% in a year.
  • Long-term Returns: BBL has delivered an impressive 577.09% return over the past three years.

 

J K Cement Ltd at Indian Stock Market
J K Cement Ltd at Indian Stock Market

J K Cement Ltd

Rs.4,333.35/-

J K Cement Poised for Market Share Expansion

  • Market Expansion: J K Cement, a top-five domestic cement manufacturer, aims to expand its market share to 55% by March 2025.
  • Growth Strategy: According to an ICRA report, leading cement companies plan to increase capacity through both organic and inorganic expansions.
  • Sector Performance: The cement sector is expected to see significant growth and consolidation.
  • Recent Returns: JKCEMENT has provided a return of 29.01% over the past year.

 

ICICI Lombard General Insurance Co Ltd at Indian Stock Market
ICICI Lombard General Insurance Co Ltd at Indian Stock Market

ICICI Lombard General Insurance Co Ltd

Rs.1,746.10/-

ICICI Lombard Sees Growth in Sales and Profit

  • Sales Increase: ICICI Lombard General Insurance Company Ltd. reported a 3.52% rise in consolidated sales for the quarter ending March 31, 2024.
  • Profit Growth: The company’s net profit for the quarter reached Rs 519.5 crore.
  • Premium Growth: May data indicated a 15% year-over-year growth in premiums in the insurance segment.
  • Stock Performance: ICICIGI has provided a 35.68% return over the past year.

 

Life Insurance Corporation of India at Indian Stock Market
Life Insurance Corporation of India at Indian Stock Market

Life Insurance Corporation of India

Rs.1,052,25/-

LIC to Enter Health Insurance Market Through Acquisition

  • Acquisition Plans: Life Insurance Corporation of India (LIC) plans to acquire one of India’s top five private standalone health insurance companies.
  • Market Entry: This acquisition will allow LIC to enter the growing health insurance market.
  • Strategic Diversification: The move is part of LIC’s strategy to diversify its product offerings and target double-digit growth in Annual Premium Equivalent (APE) for FY24-25.
  • Stock Performance: LICI has delivered a return of 66.71% over the past year.

 

KEC International Ltd at Indian Stock Market
KEC International Ltd at Indian Stock Market

KEC International Ltd

Rs.930.35/-

KEC International Projects Margin and Revenue Growth

  • Margin Improvement: KEC International anticipates its EBITDA margin to rise to 9-10% by FY26, driven by the Transmission and Distribution (T&D) segment.
  • Order Book: The current order book stands at Rs 38,000 crore, nearly double the FY24 sales, ensuring revenue visibility for the next two years.
  • Debt Reduction: With improving EBITDA, KEC’s high net debt-to-EBITDA ratio is expected to decrease from 4.2 times as of March-end.
  • Stock Performance: KEC has delivered a 49.95% return over the past year.

 

EIH Associated Hotels Ltd at Indian Stock Market
EIH Associated Hotels Ltd at Indian Stock Market

EIH Associated Hotels Ltd

Rs.888.45/-

EIH Associated Hotels Announces First Bonus Share Issue

  • Bonus Shares: EIH Associated Hotels will issue bonus shares for the first time, as per exchange data.
  • Eligibility: Shareholders who buy the stock before the ex-date will receive the bonus shares at no extra cost.
  • Investor Interest: The bonus share announcement may boost investor interest in the company’s stock.
  • Stock Performance: EIHAHOTELS has provided a return of 61.95% over the past year.

 

RITES Ltd at Indian Stock Market
RITES Ltd at Indian Stock Market

Rites Ltd

Rs.706.15/-

RITES and DMRC Sign MoU for Metro Consultancy

  • MoU Signed: RITES has signed a Memorandum of Understanding with Delhi Metro Rail Corporation (DMRC).
  • Objective: The partnership aims to explore consultancy and operations management (O&M) for metro rail systems.
  • Scope: The collaboration will streamline processes for securing and executing consultancy projects for Metro, LRT, and Mass Rapid Transit Systems in India and internationally.
  • Stock Performance: RITES has delivered a 78.74% return over the past year.

 

Suven Pharmaceuticals Ltd at Indian Stock Market
Suven Pharmaceuticals Ltd at Indian Stock Market

Suven Pharmaceuticals Ltd

Rs.699.90/-

Suven Pharma Acquires Stake in Sapala Organics

  • Acquisition Deal: Suven Pharmaceuticals will acquire a controlling stake in Sapala Organics for Rs 229.5 crore.
  • Strategic Move: This acquisition aims to bolster Suven’s position as a leading integrated pharma and specialty chemical CDMO company.
  • Project Pipeline: Suven has a robust pipeline with over 100 active projects, including Phase 3 and late Phase 2 molecules.
  • Stock Performance: SUVENPHAR has achieved a return of 41.26% over the past year.

 

GPT Infraprojects Ltd at Indian Stock Market
GPT Infraprojects Ltd at Indian Stock Market

GPT Infraprojects Ltd

Rs.264.69/-

GPT Infraprojects Secures Rs 26 Crore Order from Transnet Freight Rail

  • Contract Secured: GPT Infraprojects Ltd, through its subsidiary, has secured a Rs 26 crore work order from Transnet Freight Rail, South Africa.
  • Scope of Work: The contract involves supplying concrete sleepers from the Ladysmith factory.
  • Revenue Boost: This order is expected to contribute significantly to GPT Infraprojects’ revenue growth.
  • Industry Position: The contract strengthens GPT Infraprojects’ position in the civil construction sector.
  • Stock Performance: GPTINFRA has delivered a remarkable return of 341.96% over the past year

 

National Aluminium Company Limited at Indian Stock Market
National Aluminium Company Limited at Indian Stock Market

National Aluminium Company Limited

Rs.193.26/-

NALCO Expands Bauxite Mining Operations with Lease Agreement

  • Lease Agreement Signed: NALCO, the National Aluminium Company Ltd, has signed a lease agreement with the Odisha Government for bauxite mining.
  • Raw Material Boost: This agreement will enhance NALCO’s supply of raw materials, crucial for its operations and future expansions.
  • Production Capacity: The mines covered by the agreement have an annual production capacity of 3.5 million tonnes.
  • Reserves and Longevity: Estimated reserves of 111 million tonnes suggest a mine life of 32 years, ensuring long-term resource sustainability.
  • Stock Performance: NATIONALUM has delivered a return of 117.54% over the past year.

 

L&T Finance Ltd at Indian Stock Market
L&T Finance Ltd at Indian Stock Market

L&T Finance Ltd

Rs.182.20/-

L&T Finance Sees Stake Shuffling with Bain Capital and BNP Paribas

  • Stake Divestment: Bain Capital and BNP Paribas have divested a 3.54% stake in L&T Finance for Rs 1,504 crore through open market transactions.
  • L&T’s Increased Ownership: L&T Finance acquired an additional 0.5% stake for Rs 213 crore, boosting its ownership to 66.4%.
  • New Investor: Morgan Stanley Asia has acquired a significant portion of L&T Finance shares worth Rs 576 crore.
  • Stock Performance: LTF has generated returns of 55.25% over the past year.

 

Lemon Tree Hotels Ltd at Stock Market
Lemon Tree Hotels Ltd at Stock Market

Lemon Tree Hotels Ltd

Rs.150.41/-

Lemon Tree Hotels Reports Strong Financials and Expands with New Property

  • New Property: Lemon Tree Hotels has unveiled Keys Lite by Lemon Tree Hotels, Urban Square, Udaipur.
  • Financial Performance: In March 2024, Lemon Tree Hotels recorded consolidated net sales of Rs 327.31 crore, marking a 29.53% increase year-over-year.
  • Profit Growth: Quarterly net profit surged to Rs 66.98 crore in March 2024, up by 52.33% from Rs 43.97 crore in March 2023.
  • Stock Performance: LEMONTREE has delivered impressive returns of 247.25% over the last three years.

 

Saurashtra Cement Ltd at Indian Stock Market
Saurashtra Cement Ltd at Indian Stock Market

Saurashtra Cement Ltd

Rs.140.05/-

Adani Group Considers Acquisition of Saurashtra Cement

  • Potential Acquisition: Adani Group is currently evaluating the acquisition of Saurashtra Cement.
  • Recent Stock Performance: Saurashtra Cement shares have surged by 26% in the past month.
  • Long-term Perspective: Despite recent gains, the stock’s value remains largely unchanged from a year ago.
  • Investment Returns: SAURASHCEM has shown significant returns of 98.56% over the last year.

 

 

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Source: Google

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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.


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