This breweries & distilleries stock has risen by 9.4% since launching its Magic Moments Remix Pink Vodka on November 23. The new product caters to the growing demand for coloured vodka, and is set to strengthen the company’s 60% market share in the vodka segment. It appears in a screener of stocks that have risen by more than 20% over the past month, thanks to a 23.6% growth in share price during the same period.
The company’s Chief Operating Officer (COO) Amar Sinha said, “The launch of the first Magic Moments Vodka in 2006 was our response to the premiumization trend in the Indian liquor industry when Vodka was not really a household drink. We are pioneers in this category.”
In Q2FY24, the company’s net profit and revenue grew by 19% and 21.5% YoY, beating Trendlyne’s Forecaster estimates by 8.3% and 3.2%, respectively. The revenue rose due to better sales of its Royal Ranthambore whiskey, which has already surpassed its FY23 volumes in H1FY24. The EBITDA margin expanded by 130 bps YoY to 13.1% in Q2FY24, owing to price increases and ongoing premiumization in the Indian-made foreign liquor (IMFL) business.
Dolat Capital maintains its ‘Buy’ rating on the stock with an upgraded target price of Rs 1,850 per share. This indicates a potential upside of 17.9%. The brokerage believes that strong growth in the parts & accessories (bottle and distillery manufacturing) segment, volume recovery in the ‘Popular’ brand, and a reduction in raw material prices will help the brewery’s revenue. It expects the company’s revenue to grow at a CAGR of 12.4% over FY23-26.
This capital markets firm rose by 10% in intraday trade on Wednesday, helped by robust growth in its client base and average daily turnover (ADTO) in November. Its client base surged by 51.3% YoY, reaching 1.85 crore and its gross client acquisition jumped by 114% YoY to 6.8 lakh. The company's investments in technology and digital products have given its customer experience a boost. This, along with its expanding social media presence, has sped up its client acquisition over the past year.
The firm has also tied up with fintech platforms like Sensibull, Smallcase, and Streak to expand its digital presence. Its ADTO increased by 165% YoY to reach Rs 34.4 lakh crore in November. The futures and options segment, which accounts for 98.8% of the total turnover, has played a key role. The impressive performance has also helped its market share, which climbed by 530 bps YoY to 14.6% as of September.
The platform’s total number of orders has grown by 51.4% YoY to 10.7 crore. This surge is due to its rising client acquisitions and daily turnovers on the back of its simplified pricing structure. Angel One is a discount broker and charges a nominal Rs 20 for options, currency, and commodity trades. The firm’s rapid growth in core operations over the past year places it in a screener of companies with strong cash-generating abilities from core businesses.
Apart from launching mutual fund distribution on its platform, the firm has also entered the consumer credit segment in FY24. Analysts at Keynote Capitals note a steep increase in cross-selling as customers are increasingly willing to purchase multiple services. Trendlyne’s Forecaster estimates the company’s annual net profit to grow by 23.4% YoY in FY24.
This IT consulting & software firm rose by 7% on November 30 after announcing December 12 as the record date for a 1:1 bonus issue. According to Trendlyne’s Technicals, the stock has risen by 4.4% in the past week. It appears in a screener of stocks with strong momentum.
In Q2FY24, Sonata Software’s TTM operating revenue grew by 22.8% YoY, helped by an increase in the international IT and domestic services segments. The company’s TTM operating profit margins also improved by 33 bps YoY, thanks to better utilization and operational efficiency overall. The management plans to expand International IT Services, aiming for a revenue target of $1,500 million by FY26E, an increase of 118% from FY23. It is also focused on maintaining EBITDA margins around 20%, a notable increase from the 11.5% in Q2FY24.
Post the integration of Quant Systems, the company has unlocked partnership opportunities worth $150 million in healthcare, life sciences, and BFSI verticals. The firm also grew its major deal pipeline by 38%. It expects a 25% revenue contribution from AI through Harmony.AI by H1FY25. Additionally, as Microsoft's systems integrator partner, Sonata is at the forefront of the “Fabric Platform” launch. Fabric offers data-related services, including integration, warehousing and real-time analytics.
KR Choksey notes that Sonata has achieved robust growth, especially in its international IT services segment (46.0% YoY). With a strong client base, including partnerships with major players like Google, SAP, AWS, and Microsoft, the firm maintains an ‘Add’ rating on the stock.
This electric utilities company has risen by 3.1% in the past week, following the announcement of new orders worth Rs 2,263 crore on Monday. The company’s transmission and distribution (T&D) business has obtained orders totaling Rs 1,564 crore across India and overseas markets. Its water and buildings & factories (B&F) businesses bagged orders worth Rs 458 crore and Rs 241 crore, respectively.
KPIL’s order inflows stand at Rs 14,441 crore post these order wins. Manish Mohnot, the Managing Director & CEO, said “These T&D orders have strengthened our order book in India, Latin America, Africa and Sweden. We expect the T&D business to be a significant growth driver for KPIL in the coming years.” He also highlighted its plans to achieve an order inflow of Rs 25,000 crore in FY24. The T&D segment contributes around 36% of the company’s total revenue as of Q2FY24.
In Q2FY24, its net profit improved by 3.5% YoY to Rs 89 crore. Its revenue also increased by around 19% YoY to Rs 4,518 crore, driven by the engineering, procurement and construction segments.
Prabhudas Lilladher has a ‘Buy’ rating on Kalpataru Projects with a target price of Rs 740, implying an upside of around 8.2%. The brokerage has a positive outlook on the company due to its focus on geographically expanding across the water, railways, and civil segments, and its increasing pre-qualification for large contracts.
This natural gas company has risen by 6.4% in the past week, reaching an all-time high of Rs 145.1 on Monday. This surge follows a decline in average liquefied natural gas (LNG) prices, thanks to an easing of global supply conditions. Natural gas prices also fell by 25.3% in November.
In the past week, GAIL filed an arbitration case against SEFE Marketing & Trading Singapore, a former unit of Russia's Gazprom, seeking $1.8 billion in damages for not receiving the supply of LNG. GAIL had signed a 20-year contract in 2012 to buy 2.9 million tonnes of LNG from Gazprom, with deliveries starting in 2018 and expected to reach full volume by 2023. However, supplies stopped in June 2022 following Western sanctions against Russia for invading Ukraine. The supplies were later resumed in April 2023.
In Q2FY24, GAIL’s net profit increased by 85.8% YoY to Rs 2,444.1 crore (beating Trendlyne Forecaster’s estimate by 35.2%), despite a 14.7% decline in revenue. This resulted in a 639 basis points YoY increase in EBITDA margin due to lower inventory costs. The management expects to cross an EBITDA of Rs 4,000 crore in FY24 in the trading segment, a 25% increase.
GAIL incurred a capex of Rs 2,460 crore in Q2, mainly in pipelines, petrochemicals, and city gas distribution projects.
ICICI Securities reiterates its ‘Buy’ call on GAIL on the back of its strong Q2 performance. The brokerage remains optimistic, expecting stronger tariffs, higher transmission volumes, and falling costs for petrochemicals and LPG.
Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.
