*MONEY TIMES TALK - 7th JUNE 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 9, 12,16, 19, 23, 26th June 2025. *ALERT: As per market grapevine, several SME stocks are witnessing pump & dump activity by promoters/operators following superb results and overly optimistic investor presentations.* A glaring example is BSE SME Jayant Infratech, which announced stellar H2 & FY25 results on 31st May. The stock hit upper circuits on 2nd–3rd June with low volumes while promoter Daksha Jobanputra offloaded 2,86,500 shares on 3rd June at an ETP of Rs. 93.83 and 1,71,000 shares on 4th June at an ETP of Rs. 86.55 totaling 4,57,500 shares. By 6th June, the stock fell to Rs. 83.42 in the lower circuit. *Adding to concerns, the company’s listed contact numbers are reportedly non-functional. Market veterans warn that similar patterns are visible across many SME counters, and urge SEBI/BSE to take strict action.* *Fitch Ratings warns* that 50% US tariffs on steel and aluminium may widen regional disparities. *Citigroup now expects* the Fed’s first rate cut in September instead of July. *Big comments from FADA President:* India's Automotive Plants Risk Closure By Late June Due To China's Export Curbs On Rare Earth Magnets, Warns Fada President Cs Vigneshwar. *Trump slams* Fed’s inaction, says Europe has cut rates 10 times while the US has done none; urges a full-point cut as ‘rocket fuel’ for the economy. Successful trading is less about predictions and more about discipline, risk control and sticking to your strategy—stay connected with genuinely knowledgeable investors; as per market veterans, in the stock market your network is your true net worth. *When Nifty crosses 25,000 – Know your company before investing, investors must stay alert and watch for these red flags to protect their wealth: High Inventories Growth* – Inventories rising faster than sales for 3+ years signals trouble. *Promoter Behaviour* – Promoters selling shares post rights issue meant to reduce debt is a red flag. *Losses with Rising Promoter Salaries* – Continuous losses while promoter pay grows is concerning. Spike in Payables Without Sales Growth – Could indicate artificial cash flow management. *Negative Cash Flow with Dividend Payments* – Paying dividends despite negative CFO for 3 years is risky. *Rising Promoter Pledges* – Especially without sales/profit growth, signals stress. Pledges for Personal Use – Promoter pledges for personal needs is a serious concern. Frequent CFO/*Auditor Changes* – Signals possible internal instability or governance issues. Flashy Annual Reports – Excessive images and design may distract from poor fundamentals. *Overconfident Guidance in Unpredictable Businesses* – Unrealistic projections in uncertain sectors are a clear red flag. *As per market grapevine,* Nifty may swing between 23,700–26,000 in June, as street sentiment now expects sharp 1,000–1,200-point moves. Despite FPIs shorting over 1 lakh contracts and HNIs building 3 mn shorts from Gift City alone, the trend depends on flows, not fundamentals. Chartists are eyeing 23,700, and if it comes, HNIs may exit flat. *However, seasoned investors are avoiding shorts and prefer accumulating quality stocks trading below fair value, ready to buy the dips.* *Very Important:* As per market grapevine, investors are disappointed with BSE’s slow website performance—data loads slowly, and Q4 results are still not uploaded despite the 31st May deadline. BSE must urgently upgrade bandwidth and resolve tech issues; users facing issues can contact the Web Manager at 022-22728358/8594/8973/8249. *Alert: Fake WhatsApp groups are trapping investors by showing fake profits but blocking withdrawals*—many have lost Rs. 30–40 lakh to Rs. 10–15 cr. This is pure greed-driven fraud; those chasing shortcuts are likely to get trapped sooner or later. Stay away from such schemes. *Law of Averaging Out – Key Points to Remember: 1.* Avoid averaging weak trading stocks—doing so only worsens the fall. As they say, if you're sinking, stop digging. *2.* Average only in fundamentally strong stocks (preferably mid/large caps) if you plan to stay invested long term to reduce acquisition cost. *3.* Average on trend reversal, not just a fall—wait for 1–3% upward move with strong volume after a bottom formation. *4.* Temporary bad news causing sharp drops often presents solid averaging opportunities if fundamentals are intact. *5.* When applied right, averaging is a good long-term hedge against losses if you’re willing to hold quality companies. *6.* Traders must avoid averaging; instead, use stop loss and move on—follow LG (Let Go). *7.* Investors with limited capital should be cautious—averaging can trap all funds into a few stocks. 8. Falling prices don’t always mean value and rising prices don’t always mean overvaluation. *Fundamentals matter, not stories.* *Since 1979, Sensex has delivered* an average return of 15% over 46 years, with 76% positive years. In the last 14 years, only 2 were negative, and the past 9 years saw no negative returns. Staying invested and picking the right stocks pays off. *As per market grapevine,* US markets face a key test around 20th June, which will likely decide near-term trends. Expect volatility in Nifty around its 26th June expiry. *As per market grapevine,* many FPIs and big players are raising funds for high-speed algorithm trading, promising 30% returns—much higher than the usual 10-20% from DIIs. *2016 was a strong IPO year:* DixionTech rose from Rs.1766 to Rs.73,460, CDSL from Rs.149 to Rs.3060, Dmart from Rs.299 to Rs.4002, BSE from Rs.806 to Rs.16,066, and Cochin Shipyard from Rs.432 to Rs.3894 (all adjusted for bonus and dividends). *Warren Buffett:* "If I knew every decision I [made] was going to be perfect, it would not be as much fun. Mistakes are part of the game. We've made plenty of mistakes in business — and we'll make plenty more." "If you take big swings, you're gonna miss sometimes." *Data to note:* Every 10 years, Nifty roughly matches Sensex’s rise: in 2004 Nifty was ~2000 vs Sensex 6500; 2014 Nifty 6500 vs Sensex 22000; 2024 Nifty 22000 vs Sensex 72000. *OCCL* gains as India imposes a 5-year anti-dumping duty on insoluble sulphur from China and Japan, boosting domestic pricing power and profitability. *CLSA* rates Sobha Developers HOLD (target Rs.1550), Prestige Estates OUTPERFORM (Rs.2380), Godrej Properties OUTPERFORM (Rs.2770), and Sunteck Realty OUTPERFORM (Rs.625). *Alert: FNO/option trading is highly risky.* As per market grapevine, Kota ICICI Bank manager Sakshi Gupta misused Rs.4.58 cr. from 110 accounts, including her father’s Rs.40 lakh, losing it in the market. She was arrested after blocking alerts by changing customers’ numbers. *Alert: Avoid SME stocks* that show strong results but whose prices fail to rise or fall, as per market grapevine, operators and HNIs often pump and dump, trapping retail investors. In 29th March 2025 MTTs, *Aries Agro* given at Rs.254 touched Rs.332, *Gujarat Intrux* given at Rs.427 touched Rs.512, *HCC* given at Rs.25 touched Rs.35 - a superb gain of 40%, *Him Teknoforge* given at Rs.159 touched Rs.208, *Indo Amines* given at Rs.115 touched Rs.161 - a superb gain of 40%, *India Pesticides* given at Rs.134 touched Rs.221 - a superb gain of 65%, *IOLCP given at Rs.61 touched Rs.91 - a superb gain of 49% & still at Rs.88 looks very good,* *NCC* given at Rs.209 touched Rs.240, *Shri Bajrang Alliance* given at Rs.134 touched Rs.243 - a superb gain of 81% during the week. In 12th April MTTs, *GIPCL given at Rs.177 touched Rs.210 & still now at Rs.198 cum 40.9% dividend looks very good*, *IFB Ind.* given at Rs.1290 touched Rs.1626 - a gain of 26%, *Ruchira Papers* given at Rs.121 touched Rs.147 during the week. In 26th Apri MTTs, *Anantraj* given at Rs.459 touched Rs.570, *Artefact Projects given at Rs.61 touched Rs.82 & still now at Rs.75 looks very good, Alpex Solar* given at Rs.790 touched Rs.1084 a gain of 37%, *Gulf Petro* given at Rs.38 touched Rs.51 - a gain of 38%, *Hindustan Aeronautics* given at Rs.4201 touched Rs.5166, *Shilchar Techno* given at Rs.4451 touched Rs.6080 - a gain of 37%, *Vascon Eng.* given at Rs.41 touched Rs.55 during the week. In 3rd May MTTs, *IOLCP given at Rs.64 touched Rs.91 - a gain of 42% & still at Rs.88* looks very good, *India Pesticides* given at Rs.141 touched Rs.221 - a superb gain of 57%, *IRCON* given at Rs.153 touched Rs.226 - a bumper gain of 48%, *RBL Bank* given at Rs.200 touched Rs.220, *RAILTEL* given at Rs.316 touched Rs.465 - a bumper gain of 47% during the week. In 10th May MTTs, *Cords Cable* given at Rs.164 touched Rs.222, *DCM Shriram* given at Rs.993 touched Rs.1088, *Hind Rectifiers* given at Rs.910 touched Rs.1377 - a bumper gain of 51%, *Kalyani Steel* given at Rs.719 touched Rs.842 - a gain of 17%, *Nath Ind.* given at Rs.73 touched Rs.96, *Nitta Gelatin* given at Rs.740 touched Rs.871, *Reliance Power* given at Rs.38.60 touched Rs.63.39 - a superb gain of 64. during the week. In 17th May MTTs, *Pennar Inds., given* at Rs.193 touched Rs.257 - a superb gain of 33%, *Resonance Specialities a company of IPCA Lab given at Rs.88 touched Rs.124 & still at Rs.118 cum dividend looks very good.* In 24th May MTTs, *Cubex Tubing* given at Rs.92 touched Rs.108, *Cochin Minerals* given at Rs.294 touched Rs.311, *India Pesticides* given at Rs.172 touched Rs.221, *Reliance Infra* given at Rs.305 touched Rs.386 - a superb gain of 26%, *Va Tech Wabag* given at Rs.1522 touched Rs.1679 & still at Rs.1586 looks very good. Last week in 31ST May MTTs, *Astal Lab* given at Rs.83 touched Rs.86 & now at Rs.83 looks very good, *Cravatex given at Rs.439 touched Rs.452 & now at Rs.429 cum 125% dividends looks very good,* *Fiberweb* given at Rs.51 touched Rs.57, *Pennar Ind.* given at Rs.213 touched Rs.257, *RAILTEL* given at Rs.398 touched Rs.465 a gain of 17%, *Reliance Infra* given at Rs.330 touched Rs.386 - a gain of 26% just in a 3 days, *Wimplast* given at Rs.525 touched Rs.577 during the week. *Simmond Marshall* in collaboration with Firth Cleveland Fastenings U.K., supplies major auto OEMs like GM, Fiat, Honda and Suzuki. Available at a PE of 15.6x, the stock may surpass its 52-week high of Rs.182. With rising Covid cases, demand for Paracetamol and Ibuprofen may rise, benefitting *IOL Chemicals & Pharmaceuticals and Morepen Lab* through increased sales of formulations and medical devices. *Artefact Projects* posted 1254% higher PAT in Q4FY25, it trades at 0.83x its BV of Rs.90. With Rs.5 cr. debt prepayment, Rs.13.39 cr. new orders and strong HNI holds (21.35%), stock offers potential re-rating below its private placement price of Rs.111. *GIPCL* posted FY25 PAT of Rs.211.43 cr. and declared 40.9% dividend. At Rs.198, it trades at 0.87x BV of Rs.227. Backed by strong institutional holding and 77% renewables target by Dec 2026, it remains a value pick vs. 52-week high of Rs.270. *Shri Bajrang Alliance* posted Q4FY25 EPS of Rs.12.59 vs. Rs.7.56 QoQ; FY25 PAT stood at Rs.432.59 cr. with EPS of Rs.36.22. With tie-ups like Dmart, Reliance Retail, KFC, and a PE of 6.6x, the stock looks attractive. Stake in unlisted Bajrang Power adds hidden value. *Him Teknoforge* posted Q4FY25 EPS of Rs.4.93 vs. Rs.1.63 QoQ. Promoters raised stake by 2%. With M.Cap of Rs.185 cr., P/B of 0.85, and strong client base in defence, railways and auto, valuation remains compelling. *Orosil Smiths,* with brands like Sincere & Kuhjohl, sold Noida land for Rs.27 cr. while M.Cap is Rs.18 cr. Promoter optimism shown via OCPS issuance at Rs.10. Strong re-rating potential. *Cravatex* Q4FY25 PAT rose 476% to Rs.1.44 cr.; FY25 PAT Rs.4.83 cr. Stock looks attractive at Rs.439 vs. lifetime high of Rs.799. Its UK arm BB UK handles global FILA development and holds key licenses in UK, MENA via JD Sports PLC. Track for strong value unlocking. *Va Tech Wabag* posted FY25 PAT of Rs.294.80 cr. wih EPS of Rs.47, Strong FPI and HNI holding. Stock looks attractive at Rs.1586 vs. 52-W high of Rs.1944. It sees revival in large project momentum with order book likely to reach Rs.16,000–17,000 cr. Middle East & Africa seen as key growth drivers. *Astal Laboratories,* a fast-growing API player, posted FY25 PAT of Rs.8.93 cr. (up 1045%) and 5-year PAT CAGR of 213%. HNIs hold 55.93%. At just 9x PE and Rs.83, stock may hit fresh highs. *Bajaj Finance* sets 16th June 2025 as record date for stock split (1:2) and 4:1 bonus post-split. Stock in focus ahead of key corporate action. *Gujarat Industries Power* commissioned 25 MW solar phase at Vastan; Q1FY26 may see sharp jump in performance. Allotted shares at Rs.227 to GACL & GSFC; now trading at Rs.203 cum 40.9% dividend. May surpass 52-week high of Rs.270. *Garden Reach Shipbuilders* to see commissioning of INS Arnala, India’s first ASW-SWC, on 18th June 2025. Strategic boost from defence orders. *PNC Infratech* gets BUY rating from Dolat Capital with target of Rs.387, citing strong FY26E execution visibility and attractive valuations. *Cybertech Systems* posted 52% higher PAT of Rs.35 cr. in FY25 and doubled dividend to 40%, reflecting strong confidence. Attractive at Rs.181 cum 40% dividend vs. 52-week high of Rs.293. *IRB Infra* to sell 3 BOT SPVs to IRB InvIT for Rs.8,450 cr. EV. Proceeds to fund Rs.15,000 cr. growth pipeline. Asset base expansion from Rs.80,000 cr. to Rs.1,40,000 cr. in 3 years. Track the stock. *SEPC*, a full-scale EPC player, to launch its Rights issue on 9th June for its expansion & restructuring. *Emerald Finance* partners with Tech-Bulls Research to enhance its consulting capabilities. *Shera Energy* infuses fresh capital into Shera Zambia to accelerate overseas business expansion. *Afcom Holdings* posts strong 123% YoY PAT growth in H2FY25, signaling robust momentum. *Kaushalya Logistics* reports 28% YoY growth in consolidated income in H2FY25. *Active Clothing Co* clocks 40% topline and 73% PAT growth in FY25, reflecting demand surge. *Leo Dryfruits & Spices Trading* delivers stellar 288% rise in total income and 346% jump in PAT in H2FY25. *Premium Plast* achieves Rs.50 cr. revenue milestone in FY25 and reports 35% PAT surge. *Power & Instrumentation (Gujarat)* wins third Udaipur Air Terminal contract, boosting order book visibility. *Kore Digital* posts 212% revenue and 176% PAT growth in FY25, driven by strong execution. *Basilic Fly Studio* reports 324% rise in H2FY25 revenue and 88.5% growth in PAT, driven by content demand. *KRN Heat Exchanger & Refrigeration* begins operations at its new Neemrana plant, expanding capacity and market access. *Kaushalya Logistics* opens Katihar and Khajauli depots for ACC under the CCFA model to strengthen its logistics footprint. *Nisus Finance Services* signs MoU with Toyow to tokenize up to US$500 mn in real estate via Web3 platform. *SPEC's* Rights issue on 9th June signals its strong intent to grow in the EPC space with financial restructuring. *Veefin Solutions’* PSBXchange onboards key SaaS SME and SCF fintechs to scale embedded supply chain finance and working capital solutions for corporates and channel partners. *Kellton Tech* reported stellar FY25 earnings with EBITDA at Rs. 1,298 cr., margins at 11.8% and PAT growing 24% y-o-y; the company also added 9 new clients. *Elitecon International* posted strong FY25 numbers with Rs. 549 cr. revenue, Rs. 71.60 cr. EBITDA, and Rs. 69.65 cr. PAT; Q4 revenue & PAT grew 232% and 222% QoQ respectively. *RKEC Projects,* a marine infra player working with Cochin and Naval Dockyard, trades at a PE of 10x— a solid ancillary pick to play the defence shipbuilding boom. *Delta Manufacturing,* known for magnets used across auto, electronics and medical, may benefit from China’s export ban on rare earth magnets — worth tracking. *Mahindra EPC,* backed by Mahindra group, may benefit from strong Kharif season; at under Rs.400 cr. mcap, stock looks attractive amid agri and irrigation push. *Jyoti,* an Alembic group firm in pumps, turbines and control systems, is witnessing a turnaround; at Rs.200 cr. mcap and <15x P/E, stock offers good value. *Tata Capital* IPO buzz builds; watch Tata Investment and TRF closely for potential re-rating. *CDSL,* India’s largest depository by demat accounts, is debt-free with strong ROE of 32.6% and ROCE of 41.9%. With rising retail participation & demat growth, the stock remains a strong structural play. *Reliance Power* reported turnaround Q4FY25 PAT of Rs.126 cr. vs loss of Rs.398 cr., with borrowings reduced by over Rs.3,600 cr. It signed a 25-year PPA with SECI and announced Rs.10,000 cr. capex. Subsidiary bagged 350 MW solar + 175 MW BESS project from SJVN. Stock may perform well. *Belrise Industries* holds 24% market share in 2W metal components, serves 29 OEMs via 15 plants, and raised Rs.2,150 cr. for debt repayment. Strong positioning and improving balance sheet can drive re-rating. *Rudra Global Infra* plans Rs.190 cr. solar capex to support its TMT bar manufacturing, targeting Rs.1,000 cr. turnover. It received LOI for 3.3MW wind project and applied for NSE listing. May see strong upside. *Vodafone Idea* completed Rs.18,000 cr. FPO, plans to invest Rs.12,750 cr. in 4G/5G expansion, and is eyeing another Rs.20,000 cr. raise. Relief sought on Rs.30,000 cr. AGR dues. Tariff hikes expected. Positive triggers ahead. *Univastu India* bagged Rs.285 cr. worth orders vs Rs.300 cr. Mcap and raised Rs.32.4 cr. via preferential issue. Trading near issue price with strong order book; poised for growth. *Amwill Health Care* is a debt-free derma brand with 112 products, operating on asset-light model. Raised Rs.49 cr. for working capital and expansion; trades attractively at PE of 14.4. Potential value unlock ahead. *Agarwal Toughened Glass* posted PAT of Rs.9.23 cr. in H2FY25 vs Rs.8.59 cr. in full FY24. IPO proceeds to fund new machines and debt reduction. Recent order win and PE re-rating may drive upside. *Quality Power Electrical Equipments* is in energy transition space with 750 cr. order book. Q4FY25 sales and PAT rose 184.5% and 74.1% respectively. Secured Rs.19.7 cr. order. Strong outlook makes it a value unlocking bet. *Transrail Lighting* with Rs.17,240 cr. order book, Q4 EPS of Rs.10 and FY25 EPS of Rs.26. Stock is eyeing Rs.35–40 EPS in FY26 post Rs.198 cr. capex; strong growth visibility ahead. *Goodluck India* to soon commission Rs.217 cr. defence-aerospace forgings unit; link to bullet train project and rising defence outlay boost prospects. *Cosmo First* ramps BOPP film capacity to 2.77 lakh MT with new Aurangabad line; Rs.500 cr. capex underway, long-term outlook remains bullish. *LIC Housing Finance* posted FY25 EPS of Rs.99. Share trades at a P/E of 6.2x and P/BV of 1.04x vs the industry P/E of 17x for the housing finance sector. *International Conveyors,* posted 48% higher FY25 EPS of Rs.14.5 on small equity of Rs 6.3 cr. Share trades at a forward P/E of 5.7x. *Karur Vysya* grew business by 15%, deposits by 16%, and advances by 14% in 9MFY25 added 4 new branches, taking total to 888 — growth intact. The government-owned *Coal India* posted Q4 EPS of Rs.15.6 and FY25 EPS of Rs.57.4. Share trades at a P/E of 6.7x vs PE of 10.8x for the mining/minerals sector. *Capacite Infra* bags Rs.295 cr. order and JV wins Rs.384.72 cr. bullet train contract;medium-to-short-term outlook remains strong. *Indian Bank* posted 29% higher Q4 EPS of Rs.22.1 and 27% higher FY25 EPS of Rs.84. The share trades at a P/E of just 7.4x vs PE of 18x for the private sector banks. *Indian Hume Pipes* of the Walchand Group has Rs.4,168 cr. order book and gained Rs.545 cr. from Bengaluru land sale also signed revenue-share deals for surplus. *Money Times Talk is part of oldest, reputed & very popular financial weekly 'Money Times' publication.* *Do your due diligence before taking any investment/ trading decision.*