Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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March 03, 2025

• Weekly Recap
• Markets suffered their worst fall of 2025 on Friday, with Nifty plunging 2.94% over the week. What triggered the sell-off, and where do we go from here?
• Get expert insights and next week’s market outlook
• https://blog.liquide.life/weekly-market-recap-nifty-sensex-crash-analysis/
• CVOCA Investocraft 2025
• t.me/beatthestreet10
• 1) Bhargav Buddhadev - Ambit-
• Entero Healthcare (Mcap 5500 - CmP 1265)
• - Dynamic promoter with deep industry understanding (ex Allem)
• - Wide spread industry prime for consolidation as most distributors don't have a succession plan
• - Post takeover Entero is able to offer wide product portfolio and small distributor is able to offer relationships (as they continue post takeover)
• - Quasi play on Pharma industry
• 2) Manish Sonthalia - Emkay
• Religare Mcap 7400 (225 CMP)
• - 65% ownership in Care health (main value contributor) , other business include Broking , MSME finance and Housing finance
• - Trigger ownership of Burman (235 open offer price) - will infuse more money to increase stake thru pref cap
• - Burman have experience in insurance space via Aviva and Universal Sompo
• - Care is 2nd largest standalone health insurance player and has better ratios than competition
• 3) Paras Chedda - Caprize
• Rajesh Power 1400cr Mcap 782 CMP (IPO 335)
• - Transmission & Distribution play
• - 2750cr order book to be executed on next 18-24m (FY 26-27 numbers can be big)
• - 5000cr orders in pipeline
• - Internet of Things solution for monitoring transmission assets
• 4) Ruzmik Oza - 9 Rays Capital
• Just Dial Mcap 7150cr , CMP 840
• - Cash on books at 70% of Mcap (5kcr) which yields around 7% leading to depressed return ratios
• - Core business high cash generating, if no slow down in msme space stock can go to 1050 (1 year) and 1475 (2 years)
• - Dividend policy to be put in place which can be a trigger to distribute 500cr atleast
• 5) Mihir Shah - Meritus Capital
• AU SFB Mcap 42kcr CMP 566
• - Trigger SFB to Universal bank
• - Knows customer base very well and is able to cross sell
• - Promoter skin in the game is high
• - Core competencies in origination and collection
• - Even in case of normalised growth can be 840 in 3 year and bull case 1725 in 5 year
• 6) Dhurvesh Sanghvi - Prospero Tree
• Sobha Relaty 12.8kcr 1200cmp
• - Debt free, Promoter buying, commands premium over area rate
• - Annual sales 3m sq can it go to 5-7-10m sqft ?
• - owns 2600 acres of land (but not in play)
• Wonderla Mcap 4000cr , 630 CMP
• - Pref cap at 780
• - Experience of running 4 parks , very low debt to equity, entertainment business with potential
• - Can number of parks go from 4 to 6 to 10?
• Fine Organic 10.8kcr Mcap 3500 CMP
• - Niche player Oleochemistry
• - Trigger will be new capex in next 24 months as currently capacity is 100% utilised
• - 400 cr PAT currently
• 7) Vivek Mashrani - Technofunda
• SAFARI Industry 10.5cr Mcap 2135
• - Quasi play on travel industry
• - Gaining market share from both unorganised and organised players
• - key man risk Sudhir Jatia
• - QIP done at 1900 Lighthouse PE
• - High roce 30%
• - trigger going from mass to premium segment with improvement in margins + cycle in luggage industry has reduced
• 8) Miten Lathia - Fractal Capital
• India Shelter Finance Corp Mcap 7850 , CMP 727
• - Smaller ticket size in affordable housing sector, backed by security and differentiated underwriting (no pay slip no IT return)
• - Trigger PMAY 2.0 where subsidy is received each year (equivalent to 2-3 emis) which reduces risk and increases customer stickyness
• - Used to lend at fixed rate and borrow at floating, now with reducing interest scenario should benefit. New lending at floating rate
• - Maintains operations cost at low levels to justify the returns and can be. 20% compounder
• - PE promoter who will eventually exit is a key risk
• 9) Deepan Kapadia - Spark Capital
• Imagica Entertainment Mcap 3350cr, CMP 61.8
• - Trigger New Promoter Malpani group, consolidation of all entertainment assets under one company and has financial backing
• - Play on Entertainment sector
• - More parks addition will lead to lower capital infusion as it will self sustain
• 10) Resha Mehta - Green edge wealth
• Flair Mcap 2260,214 CMP
• - Strong brand which has international partnership and capabilities to manufacture most of the critical parts in a pen
• - Trigger being premiumisation in pens, and expansion in other stationary and steel.bottles
• 11) Sandeep Daga - Nine River Capital
• Alldigi Tech Mcap 1350cr CMP 890
• - Subsidiary of Quess corp
• - Works on Employee experience (Payroll & HRMS) and Consumer experience (BPO buy in technical sector like AML, KYC, Tech support, Insurance, Healthcare which required human touch)
• - Divided paying with yield of 4.5%
• - potential to deliver 20-30% Cagr growth
• - Risks being large concentration to bfsi sector
• 12) Abhishek Jain - Arihant Capital
• AGI Greenpac, 4100cr Mcap. 636 CMP
• - Leader in glass packaging (large supplier to alcobev and pharma)
• - HNG deal not in favour as merger called off by SC. 100 cr legal expenses currently
• - Business as is is performing well as cost of packaging is very small portion vs sale price of customer, providing pricing power
• - RM cost for glass currently reducing which may give margin boost
• 13) Hiren Ved - Alchemy Capital
• Force Motors Mcap 8800cr , CMP 6670
• - Leader in Light commercial vehicles
• - Also manufactures engines for Merc, BMW and new tie up with Rolls Royce (indirect play on luxury vehicles)
• - Trigger new launch of commercial vehicles Urbania (premium toTempo traveller)
• - Company has pricing power as able to command 20-25% premium to competition due to better engine and performance
• 14) Rahul Dani - Monarch Networth
• Ethos 6150cr Mcap 2520 CMP
• - Play on luxury segment, pan India player in watches with exclusive tie ups
• - Trigger now expanding to Luxury travel and jewellery brands
• 15) Amit Doshi - Care PMS
• Dodla Dairy - 6250cr Mcap 1035 CMP
• - One of Top player in south India (has a good distribution set up)
• - Trigger being introduction of value added product (ghee, butter, sahi, cheese ice cream) which have higher margin than only milk distribution
• - Steady compounder story as it has a strong balance sheet, command over supply chain and good brand recall in its markets
• 16) Siddharth Kataria - K2 Capital
• VRL Logistics. Mcap 3950 CMP 450
• - Play on road logistics in India as a proxy to MSME growth
• - only company that owns fuel station, driver on pay roll, has own maintenance team and strong management team
• - Company has strong operations and has pricing power as they have a deep reach in their markets of operations
• 17) Mohit Jangir - Inved Research
• Navkar Corp Mcap 1400cr CMP 93.6
• - Trigger promoter change to JSW group. Acquisition by JSW around CMP (Book value 130)
• - Utilisation in Morbi will be another trigger. Track development in concalls along with JSW infra
• - Integration play with JSW Ports
• *Company Presentations*
• *Waaree Energy Mcap 62kcr CMP 2159*
• - Negative Working Capital ( order book of 50kcr is only confirmed order where advance is received and customer has all permission and land secured)
• - Solar Module and cell manufacturing
• - New triggers - Battery storage, Green Hydrogen and Retail solar by way of branches like in developed countries (for roof top)
• - Over next 2 years capex 12kcr for 6GW Ingot facility and towards new initiative
• - cash at 7.9cr plus bank lines of 7kcr available
• *Privi Speciality Mcap 5725, 1444 CMP*
• - Aroma chemical manufacturing, uses waste from paper manufacturer to make chemicals (waste to wealth with no discharge)
• - Global leader in Pine tree based aroma chem
• - New JV with Givaudan (top global player) Capacity just came online
• *Diffusion Energy Mcap 900cr CMP 241 (Ipo at 168 in Oct 24)*
• - Cement & Steel industry quasi play
• - supplies ware parts and welding materials
• - trigger now able to develop equipment as well as wareparts that are usually used in these industries
• *Apollo Microsystems Mcap 3450 CMP 113*
• - 2018 listing and 40 years experience in defence, works closely with DRDO
• - Key player in Missile tech
• - Developing Attack drones, under water surveillance, explosives
• - Trigger New developments, Looking for acquisitions in defence, new capacity coming online this year
• - Current order book 650cr expecting 3-4x order book this year
• - Long working capital cycle and also long product gestation and testing cycle (industry dynamic)
• - Raised 550cr pref cap in Jan at 114
• - Promoter share pledge to invest more in the company
• Delhi government plans to launch cruise service on Yamuna for tourist operations - PTI
• UMIYA BUILDCON ; Umiya Buildcon Ltd. (formerly MRO-TEK Realty) plans to sell its Electronic City property, relocating its electronics business to a cost-effective location.
• The proceeds will fund real estate expansion, aligning with its growth strategy.
• Co. says The sale supports our plan to relocate for lower costs, better logistics, and future expansion, boosting efficiency and market position.