*Money Times Talk* *1st March 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. As per astrology view some important turning dates are 3, 7, 10, 13 & 17th March 2025. Alpa Lab manufactures for Cipla, Zydus, Lupin, Glenmark and exports to multiple countries. Share is available at a P/E multiple of 7x and looks promising. As per market veteran, retail investors panic during corrections while FIIs & DIIs accumulate quality stocks at lower levels. A 4153-point Nifty correction and 10-90% stock declines have shaken confidence but corrections are part of the cycle. Investing in parts (7-9) instead of lump sums ensures better entry points. Always check the fundamentals before buying. As per market veteran, volatility is not a risk but an opportunity hidden in fluctuations. In trading and life, uncertainty is the only certainty adapt or perish. Emotional discipline beats market timing every time. https://whatsapp.com/channel/0029Va5IsEv6buMRcEYJT22h As per market grapevine, in recent months, China rose 25%, US markets grew 12% but Indian markets fell 16% due to aggressive buying at overvalued levels by inexperienced fund managers and retailers. Moral: Always respect valuations. Many small/midcap & SME stocks remain overvalued and may correct further in March 2025. As per market grapevine, SIP stoppage ratio hit 109% in January, the highest since April 2024, as retail investors exited due to market corrections. Outstanding SIP accounts fell to 102.7 million from 103.2 million in December, reflecting shaken confidence. Experts say this is not alarming unless SIP contributions stagnate. ALERT: RBI Warns Against Reckless Financialization: 1. Derivative Euphoria – RBI Deputy Governor, M. Rajeshwar Rao, highlights risks from excessive unsecured borrowing and speculative derivatives fueling a market bubble and rising default risks. 2.Over-Financialization – Uday Kotak warns that retail investors are blindly moving savings into equities, propping up DIIs while FIIs exit, raising concerns about long-term stability. 3. Economic Survey 2025 – The survey cautions that excessive financial engineering creates complex, high-risk products where lenders profit while uninformed small investors face potential losses. Ruchira Papers invests Rs.100 cr. to expand and optimize aiming for long-term value. Stock looks attractive at Rs.115 vs. 52-week high of Rs.152. As per market grapevine, volatility may persist due to portfolio reshuffling and profit-loss adjustments. IT, Healthcare and SME stocks at a PE of 40-90 x remain expensive while stocks around PE of 10-15 x with sustainable growth appear safe potentially yielding reasonable returns in 5-7 months. Many PMS investors question fund managers on buying at a PE of 30-90+x. Rakesh Jhunjhunwala's Insights – Be an optimist, expect realistic returns and balance fear and greed. Investing is about wisdom, not just intelligence. RISK is a four-letter word never to forget. Have discipline, conviction, patience and a game plan. It's not just what you buy but at what price. Exit should be an independent decision, not driven by profit or loss. As per market grapevine, Nifty may stabilize ~ 21,700 and 19,150 in the next 5-7 months with resistance at ~22,750 and ~23,250. A confirmed bull phase will start only if the Nifty crosses ~25,000 on strong FII buying and a better Rs./$ exchange rate. Seasoned investors will use this phase to realign portfolios and accumulate stocks systematically. In 25 years, both equity and gold have delivered similar returns of ~13%. So, who’s better—housewives or fund managers. Contact 9831066460 to join WhatsApp Channel. Strong trends frustrate traders trying to time tops and bottoms. Scenario 1: Nifty’s uptrend from 19300 (6th Nov 2023) to 26,000 (31st Dec 2023) saw repeated short squeezes as stop losses hit, frustrating short sellers. Scenario 2: A downtrend from 26,000 (30th Sept 2024) to 22,500 (22nd Nov 2024) trapped bottom fishers, as each rebound failed and new lows formed denting traders across the board. As per market veteran, before bottoming out, markets frustrate traders and investors. Five months of pain in India is nothing compared to 10-15 years of zero returns in Hong Kong and China. Many question investing as a full-time career. Feeling low is normal pick yourself up and keep moving. True happiness lies in relationships not just money or success. As per market veteran, markets move in phases, but businesses operate independently based on their fundamentals. While small/mid-cap corrections have been severe, strong companies rebound as sentiment improves. As per Nithin Kamath of Zerodha, market correction has led to a 30% drop in trading volumes causing the first industry-wide degrowth in 15 years. If this persists, STT collection may fall to Rs. 40,000 cr. in FY25-26 well below the Rs. 80,000 cr. estimate. As per market grapevine, 1. In the last 10 years, Nifty daily RSI has gone below 25 only 5 times. 2. Once Nifty RSI hits 25 and below, base formation takes a maximum of 1 month. 3. March 2025 could see a base at 21,800, a key support zone (500 DEMA / 200 WMA). 4. April 2025 may bring a structural recovery, driven by earnings season and a low base effect. 5. Junior Nifty, down 25% from its peak, is a BUY for 6-12 months in 10-15 phases. As per market grapevine, broader markets corrected sharply as SME and illiquid stocks surged without fundamentals backing. This sell-off dragged quality stocks down 30-50% as retail sentiment weakened, driven by PE contraction. Selective investing in fundamentally strong stocks with good track records remains key. As per market veteran, short-term trading may offer quick gains but often leads to stress and uncertainty. In contrast, long-term investing requires patience and discipline but rewards investors with financial stability and peace of mind. As per data, the sharp fall on 28th February 2025 broke a 30-year record. Nifty has declined for five straight months since October 2024, down 12% in five months and 16% from ATH - the first such streak since 1996. As per data, Friday 28th February was a record-breaking day, with over 700 companies closing below their previous 52-week low. Contact 9831066460 to join WhatsApp Channel. As per market grapevine, strictly avoid high PE small/midcaps & SME stocks as bear cartel targets them daily. More hammering expected in March. As per market grapevine, all overvalued SME, small and midcap stocks may crash in the next 1-3 months. Astrologically, 29th March – 8th May is seem inauspicious with possible natural calamities and a weak stock market. As per market grapevine 54,000+ Demat accounts closed in February; over 1 lakh may close in March if the market falls further. As per market grapevine with Nifty struggling at a PE of 19-20x, avoid SME stocks trading at high PE of 25-95x and SME IPOs launching at a PE of 25-45+x. Ruchira Papers' Q3 PAT rose 129% YoY to Rs.16.48 cr. Strong ROCE of 15.8%, 50% dividend for FY23 & FY24 and high dividend yield make it a cheap paper stock with re-rating potential. Kotak Mahindra Bank ranks 4th in deposits & advances. With RBI lifting restrictions, strong financials and a stagnant price range for four years, it may gain as the markets rebound. Bajaj Finance expects 20+% profit and 25% AUM growth in FY26. Morgan Stanley raised its target to Rs.9,300. Easing credit growth makes this counter promising. Quality Power Electrical specializes in high-voltage equipment, its IPO funds will fuel expansion. Strong market position signals post-IPO growth. Power Finance Corporation trades at a PE of 5.39x with 3.71% yield. Setting up an SPV for green hydrogen transmission indicates strong prospects. Contact 9831066460 to join WhatsApp Channel. SBI, India’s largest bank, trades at a PE of 7.75x with17.3% ROE. DIIs holds 24.79%, FIIs hold 10.27%. Attractive valuation for medium- to long-term gains. Mazagon Dock Shipbuilders has built 801 vessels. A Rs.1,070 cr. defence deal and Rs.34,787 cr. order book augur strong growth under ‘Make in India. Aartech Solonics posted 210% PAT rise to Rs.1.80 cr. in Q3FY25 with its highest-ever order book. Strong potential once markets stabilize. Rudra Global Infra plans Rs.190 cr. capex for a 30MW solar project, targeting Rs.1000 cr. turnover. LOI secured for a 3.3MW wind project. Growth prospects look strong. Emerald Finance expands Early-Wage-Access program with Widereach Technologies. Dev IT secures Rs.2 cr contract for Lok Sabha Secretariat digital transformation. Kaushalya Logistics strengthens network with a new depot in Varanasi for Adani Cement Group. Leo Dryfruits & Spices Trading obtains ISO 22000:2018 (EIACI Dubai Approved) certification and a Certificate of Registration from the Ministry of Consumer Affairs, officially recognized as a manufacturer and packer of consumer goods. AFCOM Holdings expands domestic operations to transport premium mobile phones across India. Digikore Studios achieves full production capacity strengthening its market position. NPST partners with Hyperface to enable embedded credit solutions via UPI. Kaushalya Logistics awarded the MSME Ratna Award. Contact 9831066460 to join WhatsApp Channel. Dhruv Consultancy expands presence on NH-116A with Rs.4.50 cr. Independent Engineer Contract. V.L. Infraprojects secures Rs.7.80 cr. project from Hariprasad Constructions. AVP Infracon strengthens its renewable energy portfolio with Rs.9.23 cr. contract from BR Constructions. ICRA upgrades SPEL’s ratings, long-term from BB+ to BBB– (Stable) and short-term from A4+ to A3, reflecting strong growth and financial health. Leo Dryfruits & Spices Trading achieves ISO 9001:2015 certification for Quality Management Systems (QMS). NPST’s Ms. Savita Vashist honored with Dynamic Women Business Leaders 2025 at the Dun & Bradstreet Women Leadership Summit 2025. Indraprastha Medical Corporation, posted 9MFY25 NP of Rs.120.67 cr. vs. FY24 NP of Rs.93.6cr. Stock trades at a PE of 21.7x vs. industry average of 51.79x. DCM Shriram Industries receives stock exchange clearance for its 3-way demerger with potential gains of over 70%. Alpa Laboratories posted 9M EPS of Rs.10.30 vs. Rs.6.33 in 9MFY24. Stock trades at a PE of 8.14x vs. pharma industry PE of 34.59x. Advani Hotels & Resorts trades at a PE of 20.5 x vs. the hospitality industry average of 36.92x. SPL Industries, a textile stock, trades at a PE of 9.49 x vs. industry PE of 31.13x with potential gains of over 50%. Vedavaag Systems, a fintech co., posted 9MFY25 NP of Rs.10.12 cr. vs. Rs.9.14 cr. in FY24. Stock trades at a PE of 14.78 x vs. industry PE of 30.88 x. Contact 9831066460 to join WhatsApp Channel. Mahanagar Gas to invest Rs. 385 cr. in a JV with IBC US targeting a 40% stake for setting up a Bangalore Gigafactory to manufacture lithium-ion cells. Century Enka posted 165% higher 9M EPS of Rs.27.3, which may lead to FY25 EPS of Rs.38. Share trades at a forward P/E of 15x against the industry average P/E of 28x. IFB Agro Industries posted Q3 EPS of Rs.12 and 9M EPS of Rs.23.4, which may lead to FY25 EPS of Rs.35. The share is worthy of investment. Manoj Vaibhav posted Q3 EPS of Rs.5.2 and 9M EPS of Rs.15.1, which may lead to FY25 EPS of Rs.21+. It invested Rs.192 cr. in eight new jewellery stores. Long-term outlook looks strong. NTPC into mining, hydro & solar power posted 9M EPS of Rs.14.9, which may lead to FY25 EPS of Rs.22. Share trades at a forward P/E of 14.4x vs. industry average P/E of 21.5x. Keep track. Mahanagar Gas acquires Unison Enviro for Rs. 286.7 cr. from Ashoka Buildcon boosting revenue and profitability prospects. Rashi Peripherals posted 9MFY25 EPS of Rs. 23.8, which may lead to FY25 EPS of Rs. 30. Share trades at a PE of 9.2x vs. industry PE of 65x. Co. to acquire cyber security leader Satcom Infotech. Venus Remedies posted 184% higher Q3 EPS of Rs.14.5 and 36% higher 9M EPS of Rs.18.2, which may lead to FY25 EPS of Rs.28. Long-term prospects look bright. Indian Hume Pipe from the Walchand Group has an order book of Rs. 4168 cr. and has secured a revenue share deal with Kalpataru and Dosti Builders. Positive long-term outlook. Hero MotoCorp, India's top two-wheeler co. posted H1 EPS of Rs. 106, which may lead to FY25 EPS of Rs. 210. Share trades at a PE of 19.5x vs. industry PE of 32x. Bright long-term prospects. Contact 9831066460 to join WhatsApp Channel. City Union Bank posted Q3 EPS of Rs.3.36 and 9M EPS of Rs.11.28, which may lead to FY25 EPS of Rs.15.5 on its small equity of Rs.74.1 cr. Its Net NPA declined to 1.42% from 2.19% YoY. Keep track. NTPC along with ONGC-NTPC Green, signs a share purchase agreement (SPA) to acquire Ayana Renewable Power for Rs. 19,500 cr. ($2.3 billion). LIC Housing Finance posted 22% higher Q3 EPS of Rs.26.1 and 11% higher 9M EPS of Rs.74, which may lead to FY25 EPS of Rs.100+. Share trades at a FY25 P/BV of 0.8x and a P/E of 5.7x. Shriram Pistons & Rings acquires TGPEL Precision Engg. for Rs. 220 cr., adding to last year’s buys of Takahata Precision and EMF Innovations, which may lead to FY25 EPS of Rs.115, cash EPS at Rs. 130. Share trades at 16x P/E vs. industry 32.5x. West Coast Paper Mills is among the largest paper and paperboard manufacturers with a growing cables business. Stock looks attractive at a P/E multiple of 7x. Bank of India shows y-o-y financial improvement over the last three years. Stock appears to be a good investment opportunity at a P/E multiple of 5x. *Money Times Talk is part of 'Money Times' publication.*