*Money Times Talk* *22nd February 2025* ₹ Although Money Times recommendation have outperformed other media, stock brokers and research houses, the brief recommendations under Money Times Talk (MTT) cannot display ‘BUY’, ‘SELL’ or ‘HOLD’ recommendations. Readers should, therefore, exercise their own judgement and evaluate the future prospects of the stock given its past performance, industry prospects in the backdrop of a growing economy and in consultation with their investment adviser. Burmans of Dabur take control of Religare Enterprises as promoters plans Rs.2000 cr. infusion and potential rebranding. At Rs.260, the stock offers a 50% upside. India-France to develop small nuclear reactors with Rs. 20000 cr. budget support. Walchandnagar Industries, among few Indian cos. in the sector, looks promising at Rs.180. Cambridge Technologies expands in AI & Data Analytics with key hires from Mastercard, Deloitte, Goldman and Oracle hinting at big plans. At Rs.65, it holds multibagger potential. M&M fell on Tesla's India entry fears but caters to Rs.20-30 lakh EV segment, unlike Tesla’s luxury focus. A further 10% dip could offer a strong buying opportunity. Jewellery stocks saw a sell-off post Kalyan Jewellers' fall. TBZ, now at Rs.180 from Rs.360, trades at a P/E of 10x, reflecting its expansion in financials. PSU stocks are under pressure, but Bank of India, Union Bank and HUDCO stand out as value buys. With Taj GVK at 52-week highs, Kamat Hotels looks attractive. At Rs.100 cr. EBITDA, Rs.800cr market cap and Rs.8+ EPS in Q3, it trades cheap at Rs.300. MOIL Ltd., a key manganese ore player, fell from Rs.588 to Rs.322. With global shortages and a strong metal index, risk-takers can consider it. WIM Plast, parent of Cello Furniture, expanded into bubble guard sheets. Trades at an attractive PE of just 10x. Heranba Industries, a key agrochemical maker, nears completion of capacity expansion. Better financials ahead. Hemant Surgicals under the AERO brand, imports medical equipment from Japan, China, France & Australia. Trades at a PE of 10x only. Sterling & Wilson Renewables, a part of the Mukesh Ambani Group, is among the top solar EPC players. Down 70% from its highs looks attractive. Dreamfolks Services, India’s largest airport service aggregator, enters Visa facilitation & membership club business. Trades at a P/E of 20x. AVP Infracon MD, D. Prasanna, raises his stake from 33.48% - 33.54% by acquiring 16,000 shares. V.L. Infraprojects secures Rs.41.92 cr. water infra project in Gujarat. Sky Gold is rebranded as Sky Gold and Diamonds Ltd. Active Clothing posted 223% Q3 PAT growth in FY25. Supreme Power Equipment won the ‘Best Emerging MSME - Listed Company’ award. AVP Infracon bags Rs.87 cr. infra project in Tamil Nadu. Nisus Finance Dubai arm expands deeper into the UAE market. Dev IT secures a key work order from the Rajya Sabha Secretariat. Emerald Finance partners with Unic World for EWA services. Indraprastha Medical Corporation, part of Apollo Hospitals, posted 9M NP of Rs.120.67 cr. vs Rs.125.81 cr. in FY24. Share trades at a PE of 24x vs. industry avg. 55.72x. DCM Shriram Industries receives stock exchange nod for a 3-way demerger with potential 70% gains. Alpa Laboratories posted 9MFY25 EPS of Rs.10.30 vs. Rs.6.33 in 9MFY24. Share trades at 9.18x PE vs. pharma industry avg. 35.4x. Apollo Micro Systems posted 9M NP of Rs.42.39 cr. vs. Rs.18.18 cr. in 9MFY24. Stock set for strong moves. Advani Hotels & Resorts trades at a PE of 21.9x vs. industry avg. 36.92x. SPL Industries trades at a PE of 10.3x vs. industry avg. 31.49x and holds 50%+ upside potential. Vedavaag Systems posted 9M NP of Rs.7.92 cr. vs. Rs.5.72 cr. in FY24. Trades at 16.2x PE vs. fintech industry avg. 33.85x. Virinchi, a fintech and healthcare co., has Mcap of Rs.262 cr. and offers 80%+ long-term upside. Dhunseri Ventures trades at a PE of 4.67x vs. industry avg. 31.49x promising strong returns. HFCL, active in the telecom space & defense targets FY26 revenue of Rs.10,000 cr. from Rs.4,465 cr. in FY24. Stock set for major growth. Kotak Mahindra Bank ranks 4th in deposit and gross advances market share. With RBI lifting restrictions and strong fundamentals, the stock is poised for a rebound. Bajaj Finance expects FY26 net profit to grow 20+% and AUM to rise 25%. Morgan Stanley raised its target to Rs.9,300. Strong credit growth supports upside. Quality Power Electrical Equipments into high-voltage power products. IPO proceeds will fund acquisitions and expansion. Strong market positioning suggests post-IPO strength. Power Finance Corporation trades at a PE of 5.77x with a 3.46% dividend yield. With its green hydrogen project in Andhra Pradesh it has strong prospects. SBI, India’s largest bank, trades at a PE of just 8.12x with a 17.3% ROE. Strong institutional holdings and valuations indicate long-term upside. Mazagon Dock Shipbuilders with Rs.34,787 cr. order book and a recent Rs.1,070 cr. defense contract benefits from India’s defense push and remains debt-free. Rudra Global Infra Products plans Rs.190 cr. capex in solar and wind energy targeting Rs.1,000 cr. turnover. Growth in steel and power sectors supports its upside potential. Aartech Solonics, a Rs. 201 cr. microcap, posted 210% growth in Q3FY25 PAT with a strong order book and new clients, signaling growth potential. ICRA (25th Sept 2024) projects the gold loan market to surpass Rs.10-lakh cr. in FY25 and Rs.15-lakh cr. by Mar 2027 with NBFCs' retail gold loans rising 17-19%. Muthoot Finance and Manappuram Finance remain key players. Karur Vysya Bank's 9M EPS rose 24% to Rs.17.8, which may lead to FY25 EPS of Rs.25. Its net NPA dropped to 0.2%. Stock trades at a PE of 8.8x vs. private banks' 16x. Goodluck India’s Goodluck Defence and Aerospace starts Sikandrabad production in Q1FY26. It posted 9M EPS of Rs.37.5, which may lead to FY25 EPS of Rs.50. Strong long-term outlook. Coral Laboratories’ Q3 EPS rose 187% to Rs.17.2 and 9M EPS grew 114% to Rs.59.7, which may lead to FY25 EPS of Rs.75+. Trades at a P/E of 10.5x vs. industry average P/E of 33x. Agarwal Industrial Corporation, a petrochemical co. in bitumen & LPG storage posted 9M EPS of Rs.57, which may lead to FY25 EPS of Rs.77. Share trades at a PE of 11.8x. Capacite Infra Projects’ Q3 EPS rose 55% to Rs.6.1, 9M EPS grew 84% to Rs.17.8, which may lead to FY25 EPS of Rs.25. Secured Rs.1203 cr. order from Signatureglobal and Rs.1320 cr. from NBCC. Styrenix Performance posted Q3 EPS of Rs.27.1 (+37%) and 9M EPS of Rs.101.8 (+44%), which may lead to FY25 EPS of Rs.135. Its medium-to-long term outlook looks good. Indian Bank's Q3 EPS rose 32% to Rs.19.1, 9M EPS grew 35% to Rs.61.5, which may lead to FY25 EPS of Rs.83+. Its NPA fell to 0.21% from 0.53%. Trades at 6.1x P/E vs. industry’s 8.5x. Panama Petrochem's Q3 EPS rose 17% to Rs.8, 9M EPS grew 6% to Rs.23.6, which may lead to FY25 EPS of Rs.30. Share trades at 11.5x P/E vs. industry’s 20x. Kellton Tech's Q3 net profit surged 159% to Rs.20.9 cr., 9M profit rose 51% to Rs.60.5 cr. against Rs.64 cr. in FY24. Strong medium-term outlook. Federal-Mogul Goetze (India), a German MNC, posted 18% higher Q3 EPS of Rs.5.2 and 9M EPS of Rs.18.5 with FY25 EPS expected at Rs.26.5+. Trades at 13.4x P/E vs. industry’s 32x. Sree Rayalaseema Hypo Strength posted 9M EPS of Rs.38.1, which may lead to FY25 EPS of Rs.51. Share trades at 10.7x P/E vs. industry’s 47x. Narbada Gelatines posted 9M EPS of Rs.20.3, which may lead to FY25 EPS of Rs.27. Share trades at a forward P/E of 12.3x vs. industry average P/E of 47x for the chemical sector. Some analysts favor Deepak Builders, which posted 23% higher Q3 EPS of Rs.3.7 and 61% higher 9M EPS of Rs.11.9. NMDC, a key iron ore miner, posted 29% higher Q3 EPS of Rs.2.1 and 9M EPS of Rs.5.8, which may lead to FY25 EPS of Rs.8.5 from Rs.6.3 in FY24. Share trades at a P/E of 7x. IIFL Capital, formerly IIFL Securities, saw Q3 EPS grow 31% to Rs.6.4, 9M EPS rose 73% to Rs.19, which may lead to FY25 EPS of Rs.26. Trades at 8.7x P/E vs. industry’s 20.5x. NLC India, a PSU power player, posted 553% higher Q3 EPS of Rs.9.8 and 228% higher 9M EPS of Rs.21, which may lead to FY25 EPS of Rs.25 from Rs.13.5 in FY24. Hero MotoCorp, posted H1 EPS of Rs.106, which may lead to FY25 EPS of Rs.210 in FY25. Share trades at 19.5x P/E vs. industry’s 32x. Strong long-term outlook. Petronet LNG maintained 9M EPS at Rs.19.2, with FY25 EPS likely at Rs.25. Capex of Rs.3000 cr. and rising demand drive long-term growth. SIS Ltd. posted 184% higher Q3FY25 EPS of Rs.7.1 and 18% higher 9M EPS of Rs.16.3, which may lead to FY25 EPS of Rs.23. The long-term prospects look bright. Cellecor Gadgets, a fast-growing electronics brand partnered with Jeeves Consumer Services (Flipkart) and Dixon Tech to boost after-sales service and revenue. Canara Bank, with 9816 branches, posted 9M EPS of Rs.13.8, which may lead to FY25 EPS of Rs.20. It raised Rs.10,000 cr. via infra bonds. It trades at 4.4x P/E vs. industry’s 8.5x. Aditya Birla Money, part of Aditya Birla Capital, posted 30% higher Q3 EPS of Rs.11.5, which may lead to FY25 EPS of Rs.16.5+ from Rs.9.4 in FY24. Share trades at a P/E of 9.3x. Bank of India posted 39% higher 9M EPS of Rs.15.3, which may lead to FY25 EPS of Rs.21.5 from Rs.14.4 in FY24. Keep track. International Conveyors posted 9M EPS of Rs.12.4, which may lead to FY25 EPS of Rs.16.5 on a small equity of Rs 6.3 cr. The share trades at a forward P/E of 4.1x. Vardhman Textiles posted 32% higher Q3 EPS of Rs.7.4 and 49% higher 9M EPS of Rs.22.7, which may lead to FY25 EPS of Rs.30+. Strong medium to long-term outlook. General Insurance Corp, a cash-rich PSU, posted 17% higher Q3 EPS of Rs.9.6 and 20% higher 9M EPS of Rs.28.1, which may lead to FY25 EPS of Rs.45. Strong long-term outlook. *Money Times Talk is part of 'Money Times' publication.bs*