Kerbside
Ninad RamdasiCategories: DSIJ_Magazine_Web, DSIJMagazine_App, Informed Intelligence, Kerbside, Regular Columns
These stock recommendations are predominantly momentum based stocks and based on Word of Mouth. They are more based on hearsay and comprised of stock recommendations provided by brokers, analysts and dealers (not affiliated to DSIJ).
The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendations.
COLLABORATION FOR GROWTH
Yes Bank
BSE Code: 532648
CMP: ₹27.11
Hello gossip enthusiast! As we delve into this earnings season, let's take a sneak peek at the financial results of Yes Bank. In Q4FY24, the net profit stood at ₹452 crore, marking a remarkable increase of 123.2 per cent YoY and 95.2 per cent QoQ. Furthermore, the operating profit for Q4FY24 reached ₹902 crore, showing a modest increase of 1.5 per cent YoY and 4.4 per cent QoQ. But here is the scoop. The company announced a partnership with PayTM, offering services to both existing and new consumers and merchants, along with the launch of YES Pay Next, an innovative UPI payments app aimed at providing a seamless, secure, and efficient transaction management experience. Keep an eye on this bussing stock!
NEW PROJECTS IN THE PIPELINE
HCL Technologies
BSE Code: 532281
CMP: ₹1,387.10
The company stands as a prominent global IT services company, consistently ranked among the top five Indian IT firms based on revenue. In Q4 FY 2024, it reported revenue of ₹28,499 crore, showing a marginal increase of 0.2 per cent QoQ and a notable growth of 7.1 per cent YoY basics. Similarly, net income amounted to ₹3,986 crore, accounting for 14 per cent of revenue witnessed a marginal increase of 0.1 per cent YoY. Despite mixed performance company secured a significant project from a leading US-based technology company to transform its product validation and sustenance experience using GenAI. Keep an eye on this trending stock!
A VERTICAL RISE IN THE OFFERING
Eraaya Lifespaces
BSE Code: 531035
CMP: ₹562.15
Eraaya Lifespaces Ltd has demonstrated remarkable growth, with a staggering increase of 5,019.76 per cent over the past year. As a premier lifestyle and hospitality company, Eraaya Lifespaces is dedicated to curating unforgettable experiences worldwide. The company has announced significant developments in its hospitality business, including the acquisition of a luxury staycation property in Lonavala with an investment of ₹3 crore. Additionally, the company has acquired commercial retail spaces near the International Airport in Mohali, Punjab. If everything falls in place this hidden gem shall witness a significant vertical swing!
IN THE FAST LANE
Tata Motors
BSE Code: 500570
CMP: ₹1,000.45
In this ongoing earnings season, Tata Passenger Electric Mobility has secured a notable order for 2,000 units of XPRES-T electric sedans from Vertelo, a prominent fleet electrification platform. The rumour among the investors suggests: This partnership underscores Tata's expanding presence in fleet electrification amid India's EV revolution. Deliveries will be phased out to Vertelo, with Tata Passenger Electric Mobility aiming to capitalize on the rapid adoption of electric vehicles in the fleet segment, which has seen over 89 per cent market share in FY24. Furthermore, the company saw favourable growth in quarterly shareholding, with FII experiencing a YoY increase of 2.36 per cent and a QoQ rise of 0.58 per cent. The stock might soon witness an upward swing!
(Closing price as of April 16, 2024)