Recommendation from Capital Goods and Software & IT Services Sector
Ratin Biswass / 09 Jan 2025/ Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Hot Chips, Hot Chips, Recommendations
The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.
The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.[EasyDNNnews:PaidContentStart]
MIC ELECTRONICS LTD
CMP - ₹85.23
BSE CODE 532850
Volume 48,332
Face Value ₹2
Target ₹92 - ₹94
Stoploss ₹79 (CLS)
MIC Electronics Ltd is a global leader in designing, developing, and manufacturing LED video displays, high-end electronic and telecommunication equipment. When assessing the financial performance, we see an impressive revenue growth of around 166 per cent, surging from ₹10.31 crore in Q2FY24 to a total revenue of ₹27.46 crore in Q2FY25. The net profit, on the other hand, experienced a significant year-onyear decline. The stock recently saw a surge in buying interest following the company’s announcement that it has received approval for the Capacity cum Capability Assessment (CCA) for the GPS-based Public Address & Passenger Information System (PAPIS) and LED Destination Boards for both AC and Non-AC ICF and LHB Coaches. Shares of the company, which have delivered multibagger returns of 150 per cent over the past year, are currently trading 25 per cent below their 52-week high, but have a solid support level. Given the strong upside potential, we recommend BUY.
Bartronics India Ltd
CMP - ₹23.45
BSE CODE 532694
Volume 15,83,920
Face Value ₹1
Target ₹25 - ₹26
Stoploss ₹21 (CLS)
Bartronics India Ltd is a prominent technology solutions provider, primarily known for its expertise in automatic identification and data capture (AIDC) systems, including barcode, RFID, and biometric solutions. The company offers end-to-end solutions for industries like retail, logistics, manufacturing, banking and healthcare. It provides products ranging from point-of-sale (POS) systems to inventory management software, enhancing operational efficiency, supply chain visibility, and customer experience. Shares of the company have been consistently hitting back-to-back upper circuits, driven by robust investor interest. The main catalyst behind this rally was that its Board of Directors approved a Memorandum of Understanding (MOU) with TPW Global, a Singapore-based semiconductor solutions company. The stock has rallied over 30 per cent in the past five trading sessions. Considering its potential to sustain a streak of upper circuits, as witnessed previously, we recommend BUY.
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