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Multibagger Alert: This speciality chemical company has given investors a return of 231% in the past year

Multibagger Alert: This speciality chemical company has given investors a return of 231% in the past year
by 5paisa Research Team 22/11/2021

On a YTD basis, the stock has given a return of 241%.

Leading manufacturer of aliphatic amines and speciality chemicals in India, Balaji Amines Limited has given investors stellar returns of 231.4% over the last year. The share price stood at Rs 953.75 on November 18, 2020, and since then, the stock has more than tripled investor wealth.

Balaji Amines manufactures, sells and exports methylamines, ethylamine and derivatives of speciality chemicals and pharma excipients in India. The firm serves pharmaceuticals, agrochemicals, refineries, paints, water treatment chemicals, dyes, coatings, polymers, textiles, personal and home care, animal nutrition etc.

On a standalone basis in Q2, Balaji Amines reported robust revenue of Rs 435.12 crore, which was up 54.92% YoY driven by higher realizations. Operating profit came 41.31% higher YoY to Rs 102.06 crore. Operating margins contracted to 22.49% from 24.85% due to high raw material prices and increased power and fuel cost. PAT was reported at Rs 69.59 crore was up 46.01% YoY. The management of the company expects better H2FY22 performance and have guided for 8-10% volume growth in the amine business of the company into consolidated revenue guidance of Rs 1800-1850 crore in FY22.

The global amines industry is expected to reach US$ 20.8 billion by 2025, registering a CAGR of 3.6%. The oligopolistic nature of the industry leaves a country with just a handful of producers catering to the majority of the demand in the region. The increasing trend of industrialization and expanding manufacturing sector, coupled with factors such as growing population and rapid urbanization are likely to have a positive impact on the demand for amines in the years to come.

Moreover, due to stricter environmental norms, tighter financing, and consolidation, the structure of China’s chemical industry is changing causing uncertainty for international players that source chemicals from China. This has created opportunities for Indian chemical companies to ensure uninterrupted supply. This coupled with stringent policies in regulatory norms, slow economic growth and the rising cost of labour across the globe has improved the sales volume of domestic chemical manufactures such as Balaji Amines.

At 1.15 pm on Monday, the stock is trading at Rs 3040.85, down by 3.79% or Rs 119.90 per share on BSE. The 52-week high of the scrip is recorded at Rs 5,220 and the 52-week low at Rs 850 on the BSE.

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HFCL trades volatile after bagging order worth Rs 412.90 crore

HFCL trades volatile after bagging order worth Rs 412.90 crore
by 5paisa Research Team 22/11/2021

Shares of HFCL gained from the previous close of Rs 72.85 to Rs 74.70 after the news break but slipped to Rs 69.85 in a matter of time.

In today’s morning trading session HFCL rose 2.53% to Rs 74.70 owing to this news that the company secured purchase orders aggregating to Rs 412.90 crore from one of the leading Private Telecom Operators of the Country for the supply of Optical Fibre Cables (OFC). The order will be executed by March 2022.

Company and its client base

HFCL is a midcap diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC).

Company's client base includes Jio, Tata, Airtel, Vodafone, Nokia, L&T, Orange, BSNL, BBNL, TCIL, BPCL, IOL, Railtel, HPCL, PGC, GAIL, Saudi Railways and others.

As of September 2021, the company had an order book of Rs 5,822 crore out of which Rs 4,500 crore worth of orders are where BSNL is the implementing agency. The order book broadly consists of defence projects (57%), optical fibre cable (14%), orders from RJIL (14%) BharatNet (7%) and others (8%).

Financials

HFCL consolidated revenue for the quarter Q2FY22 came in at Rs 1,126 crore as against Rs 1,068 crore in the corresponding quarter last year, registering a 5.62% YoY increase.

The EBITDA for the quarter grew by 25.99% YoY to Rs 173.33 crore as against Rs 137.5 crore in the corresponding quarter last year, with a corresponding margin expansion of 240 bps. EBITDA margin for the quarter stood at 15.44%.

The PAT for the quarter came in at Rs 86.1 crore as against Rs 53.3 crore in the corresponding quarter last year, a YoY increase of 61.18%.

Market opportunity: Rs 4-5 lakh crore in 5G alone; Rs 5000 crore in Defence, Rs 85000 crore in Railways in the next 4-5 years. There is an immense demand for fibre optic cables, telecom and networking products across the world followed by expansion of 4G and evolution of 5G network.

At 2.15 PM, HFCL was trading at Rs 69.70, 4.30% down for the day.

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Heranba Industries initiates commercial production at its Vapi unit

Heranba Industries initiates commercial production at its Vapi unit
by 5paisa Research Team 22/11/2021

This new unit which is located at Vapi, shall have a production capacity of 1200 MTPA and is expected to generate annual revenue of Rs 100 crore.

Heranba Industries Limited, an Indian agrochemical company that manufactures synthetic pyrethroids and its intermediates, announced the beginning of commercial production at its new Unit –IV.

Located at Vapi, this new unit shall have a production capacity of 1200 MTPA. It will not require any capital expenditure in near future and is expected to generate annual revenue of Rs 100 crore. This development is aligned with Heranba’s commitment and promises towards fostering sustainable growth while also creating job opportunities in the region.

Speaking about this development, the company’s managing director, R K Shetty said that the commencement of production shall result in additional revenue generation for the company. And that it is a recognition of the company’s established track record, healthy accruals and resiliency of the business model. He further said that in order to achieve significant margin expansion, the company is dedicated towards accelerating revenue growth and enhancing its productivity.

Coming to financial performance, in Q2FY22, Heranba’s net revenue grew by 1.22% YoY to Rs 353.44 crore. The PBIDT (ex OI) went up 9.59% YoY to Rs 61.18 crore. The PBIDT (ex OI) margin expanded by 132 bps to 17.31%. This growth came on the back of reduced expenses. The company’s net profit went up by 20.9% YoY to Rs 45.52 crore, whereas its corresponding margin expanded by 211 bps to 12.91%.

Going forward, the company aims to venture into the highly regulated markets of the USA and Europe, strengthen its R&D facility, and enhance production capacities as well as formulation and technicals in the international markets.

At 3.25 pm, the share price of Heranba Industries Limited was trading at Rs 655.55, which was a decrease of 2.27% from the previous week’s closing price of Rs 670.8 on BSE.

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Mutual funds have been purchasing these mid-cap stocks. Did you buy any?

by 5paisa Research Team 22/11/2021

Domestic mutual funds have become very significant players in the local stock market over the last few years given the rush of local liquidity. In fact, MFs are now almost as strong as foreign portfolio investors (FPIs) or foreign institutional investors (FIIs), which have been the driver of local bourses historically.

Indeed, the bull run of the past few months is largely attributed to the flow of cash into domestic mutual funds, which have pumped in a massive amount of money into the stock market.

However, Indian stock indices have been seeing a rush of money towards large cap stocks as investors, anticipating a correction, looked for safer investments rather than make riskier bets.

Although most local fund managers have been voicing concerns about valuations, quarterly shareholding data shows they pushed up their holding in over 200 listed companies. Of those, they increased their stake by two percentage points or more in around 18% of the companies.

In particular, they hiked stake in as many as 129 companies (as against 89 companies for FIIs) that have a valuation of $1 billion or more last quarter. Of these 129 companies, 67—or a little more than half—were mid-cap companies. In comparison, FIIs had increased their stake in 57 mid-cap stocks with a market valuation of Rs 5,000-20,000 crore last quarter. This shows local fund managers were more bullish about mid-cap counters than offshore investors.

Mutual fund managers were bullish on mid-cap banks, healthcare companies and drugmakers, NBFCs, automobile and auto component makers, real estate developers, and infrastructure companies.

Some of these are the same as the sectors backed by FIIs last quarter—financial services, construction, engineering and industrial.

Top mid-caps that saw MF buying

If we look at the pack of mid-caps with market cap between Rs 5,000 crore and Rs 20,000 crore, then MFs pushed up their stake in Indian Bank, Thermax, Prestige Estates, GR Infraprojects, Phoenix Mills, Gujarat State Petronet, Sundram Fasteners, Manappuram Finance, Sheela Foam and WABCO India.

Among others where MFs bought shares were Radico Khaitan, Poonawalla Fincorp, Century Plyboards, Timken India, Apollo Tyres, Birlasoft, Suven Pharma, Zydus Wellness, JB Chemicals, Cyient, KEC International, Bajaj Electricals, BASF India, RBL Bank and Narayana Hrudayalaya.

GR Infraprojects, Bajaj Electricals and Narayana Hrudayalaya were mid-cap stocks that figured among the buy calls of both FIIs and domestic MFs.

Further lower down the order were stocks like, City Union Bank, Amber Enterprises, Sterlite Tech, Birla Corp, V-Guard, Mahindra CIE, KIMS, Blue Star, Ratnamani Metals and MCX.

Meanwhile, in at least 13 mid-caps, mutual funds bought an additional stake of 2% or more last quarter. This pack includes GR Infraprojects, Can Fin Homes, MCX, Tatva Chintan Pharma, KIMS Hospitals, Apollo Tyres, Birlasoft, Manappuram Finance, Chalet Hotels, J B Chemicals, RBL Bank, Mahindra CIE Automotive and Indiabulls Real Estate.

GR Infraprojects and Indiabulls Real Estate had also significant buying by FIIs.

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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 22/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Archidply Industries Limited, Esab India, and Greenpanel Industries

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system: 

Archidply Industries Limited: The stock gained a 4.84% on Monday when there was blood on the street. The stock is trading strong since few days as the volumes keep on rising. It trades near its all-time high of 46. RSI is above 70 showing bullishness. With the kind of momentum it is showing, once can witness the stock breaking its all-time high levels. Traders must try for make use of this momentum to their benefit.

Esab India: The stock rose more than 4% on bleeding Monday. It looks to gain momentum as it hovers around its all-time high level of 2900. It took the support of 20-DMA before bouncing back. RSI shows good strength at 63. Also, above average were recorded in the stock today. One should closely keep a watch on this stock.

Greenpanel Industries: The stock gained 4% on trading session ended Monday. The stock flat to negative throughout the day but then huge buying was seen towards the end.  It took the support of 50-DMA before bouncing back as it looks to gain momentum. Today’s volume was almost two times the yesterday’s volume. The RSI still shows the strength in the stock as it lies on 56.  It closed above its 20-DMA today and looks good for short term. The stock is an ideal candidate for swing trade.

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Trending stocks: Keep a close eye on these small-cap stocks for 23 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 23 November 2021
by 5paisa Research Team 22/11/2021

The following small-cap stocks have made fresh 52-week high today – Art Nirman, Goldstone Technologies, Omkar Speciality Chemicals, Thomas Scott (India), Elecon Engineering Company, Expleo Solutions and Tanla Platforms.

Markets on Monday ended in the red territory, with headline indices Sensex and Nifty 50 slipping by 1.96% each. The Nifty Smallcap 100 index plunged by 2.74% to end at 10,734.05. Indian Bank, Century Plyboard, EID Parry and Dilip Buildcon were among the top losers.

Keep a close eye on these trending small-cap stocks for Tuesday, 23 November 2021:

Amber Enterprises India – The company and its subsidiary IL JIN Electronics India Private Limited (“IL JIN”) have received approval from the Ministry of Commerce & Industry under the Production Linked Incentive Scheme for White Goods (Air Conditioners). Approved application details include a threshold incremental investment of Rs 300 crore and Rs 100 crore for both the above-mentioned companies.

To quote Jasbir Singh, Chairman and CEO of Amber Enterprises India from a filing with the exchange, “We believe, with the opportunity in hindsight, our constant endeavour would be to increase penetration and increase our wallet share with the existing customers and acquire new customers and increase export penetration, as we will become more competitive with this PLI incentive and R&D capabilities.” 
 

Intellect Design Arena – The company has announced that the Intellect Digital Core-powered Cater Allen has won the prestigious IBSi NeoChallenger Bank Award in the consumer banking segment. Cater Allen has also been named as the best NeoChallenger Bank in the European Region.
 

To quote Rajesh Saxena, CEO, Intellect Global Consumer Banking, from a filing with the exchange, “Europe is a key market for us and we are confident that our strategic investments in creating state-of-the-art solutions, regional innovation hubs, delivery centres, and talent pool will enable more of our customers in the region to establish market leadership.” 

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Art Nirman, Goldstone Technologies, Omkar Speciality Chemicals, Thomas Scott (India), Elecon Engineering Company, Expleo Solutions and Tanla Platforms. Keep a close eye on these counters on Tuesday, 23 November 2021.

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