How market wizard Anil Singhvi views Natco Pharma, NALCO, NMDC, other stocks today
Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks. Here's how the market wizard views stocks such as NMDC, NALCO, United Spirits, and Natco Pharma.
As domestic equity benchmarks Sensex and Nifty50 hover within one per cent of their all-time highs ahead of Lok Sabha election results due next week, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks. Here's what the market wizard suggests investors do with stocks such as Natco Pharma (NATCOPHARM), United Spirits (UNITDSPR) and Sumitomo Chemical India (SUMICHEM).
Natco Pharma operational performance very strong: Anil Singhvi
The market guru points out that the pharmaceutical company registered a record net profit as well as revenue for the financial year.
For the quarter ended March 31, Natco Pharma registered year-on-year growth of 40 per cent and 19 per cent in net profit and revenue, respectively, while its margin improved by 870 bps to 46.5 per cent, according to a regulatory filing.
Buy Natco Pharma stock: Anil Singhvi
The market wizard suggests buying Natco Pharma shares for targets of Rs 1,040, Rs 1,054 and Rs 1,070 with a stop loss at Rs 1,015.
United Spirits post-earnings conference call impressive: Anil Singhvi
The market wizard highlights that USL's premiumisation growth story looks strong while the company seems confident of double-digit growth in FY25.
Buy United Spirits futures: Anil Singhvi
The market guru suggests buying United Spirits futures for targets of Rs 1,180, Rs 1,195 and Rs 1,210 with a stop loss at Rs 1,145.
Buy Sumitomo Chemical India shares: Anil Singhvi
The market wizard suggests buying Sumitomo Chemical shares for targets of Rs 449, Rs 454 and Rs 460 with a stop loss at Rs 435.
Sumitomo Chemical India results better than estimates: Anil Singhvi
The market guru points out that Sumitomo Chemical India staged a "very strong" operational performance for the March quarter.
The chemical manufacturer's margins improved by 830 bps on a year-on-year basis to 20.8 per cent.
NALCO Q4 results beat analysts' expectations, operational performance strong: Anil Singhvi
The market guru highlights that NALCO shares have already risen 25 per cent in three months and 140 per cent in a year. He expects profit-booking at higher levels in the stock and suggests investors avoid chasing it.
The stock exited the F&O ban on Tuesday.
NALCO Q4 PAT jumps 94%, margin expands by 1,000 bps
NALCO logged a 94 per cent surge in its standalone net profit to Rs 1,015 crore with 44 per cent growth in its EBITDA for the March quarter. Its quarterly margin, a key measure of profitability, expanded to 31 per cent from 21 per cent a year ago.
NMDC Q4 results weak: Anil Singhvi
The market wizard points out that state-run miner NMDC's quarterly numbers fell short of analysts' expectations on the operational front.
He expects some correction in the stock owing to the company's weak quarterly performance.