Kotak Institutional Equities initiated coverage on Dhoot Transmission with a sell call, target 1400 rupees per share
By ScoutQuest · · 5 min read
Heard on Live television at 09:05:25 IST.
[08:56:25] Have a good day ahead, Dharmesh. Thanks a lot for joining in and giving us all of those stock calls. Time will slip into a short break. You come back, we'll have the pre opened rates with us. We'll also have Jignanshu Go or Bernsteen to discuss the quick commerce trends, UPI MDR implications, and a lot more. Please [08:59:25] [09:02:25] Uh we may even revisit the levels of 22,800 that's the view. Uh on the head side uh the now uh resistance has shifted from 23,600 to 23,300. So there we need to be careful. I mean to say, tomorrow we have to face the uh major event of monthly expiry and in case if we see any rebound in today's date uh close to 23,200 or 300 uh there in fact we should look for reducing some week long positions. Uh but yes in case market falls further then instead of like focusing more on index it is better to focus more on stocks. So straight away let's get to the stocks then. Uh Sudarshan Pharma Healthcare has been your preferred sector even last week when we chatted with you through this downturn. What are you recommending this morning? I would have recommending stocks other than this because the sector itself I have already explained this works looking into. Independent of this at least two sectors cams is a buy you're a stock under 695. National aluminium is a buying opportunity you're a stock under 351. Tata power is a sell you're a stock of 375 and Indus towers is a sell you're a stock of 385. Hmm. Uh got that gentleman morning Srikant what about your picks? Good morning Prashant. Uh yeah certainly I think pharma sector is something to which look for. Uh there we are seeing good amount of activity and most of the stocks are very close to their important uh uh resistance level so we can see some breakouts out of activity. In that specifically we like uh Torrent Pharma. Uh the stock has been consolidating since last almost uh two months uh within the range of 5000 uh 50 and uh 4800 on the downside. Uh there we are expecting further upside in the near future and the stock can move towards the levels of at least uh 5100 or 5150. Uh currently it is around 4980, 4985. So it's a buy at current levels with a stop loss at 4900 with a target of 5150 we should look for creating some long positions. Uh there we have a confidence. Also um on the shorting side uh we feel uh Bharti uh there uh we can see some more weakness. Uh Bharti Airtel has broken its important support level at 1800 uh in the previous week and now it is heading for the levels uh for uh 1747 1730 uh which it has made in the uh uh uh in last six months. So there we can expect uh one more uh slide and uh currently uh it is around 1780 85. So it's a short at current levels with a stop loss at 1810 on the high side. Okay, thank you very much for that. Bharti Airtel has lost 15% this year and now getting very close to its 52 week low of 1740. Stock on Friday closed around 1781, 52 week low 1740. Uh gentlemen, thank you. We'll come back to you for more calls. For now, let's go across to Sudarshan for the brokerage call of the day. Sudarshan. So many news stocks where coverage has been initiated. First one is Dhoot Transmission where Kotak Institutional [09:05:25] Equities has initiated coverage with a sell call and target price is ₹1,400 per share. It says that company is a market leader in the domestic two-wheeler and three-wheeler wiring harness segment and it's transitioning from a single product harness market into broader automotive ENE platform and it expects revenue and EBITDA to grow by 23% CAGR each over FY 26 29. But due to fair valuations upside looks very limited. Next one is Allied Blender's Nomura initiated coverage with a buy call. Target here is ₹850 per share. It says company is finding all cylinder for the next phase of growth. At least there can be a structural margin expansion, back by prization, backward integration and UKFTA and new launches to drive mid teen sales and mid 20s EPS growth over FY 26 29. GIC Nomura again has initiated coverage with a buy call and target here is ₹1,965 per share. It says company is a strong cash pile which provides funding for next leg of fleet growth and they had a cash pile of rupees 8,000 crore in Q1 and which was around 30% of NAV and 38% of market cap and cash could fund doubling of existing fleet when shipping cycle turns down and company looks well positioned to benefit from disciplined capital allocation through shipping cycle. One interesting note today has come out from Burnstein that is on P Fintech. We are trying to make sense of that note, but they maintain outperform call with a target price of more than ₹2300 per share. Well, that is the key point that the target is unchanged. It is a scenario analysis and the it's it's not I mean calling for 2,300, but it's the price target has not been changed in that sense. But interesting list as always, so thank you very much for that. Well, spotlight on the quick commerce space and, you know, the consumer economy from that perspective, we've got the Burnstein's Jignashu Gore. He's director and senior research analyst joining us now. Jignashu, good morning. Good to have you with us here on the program. Thanks for joining in. You know, let's just get the latest two initiations out of the way, Jignashu. I think uh you you have a initiation on Misho and you've got an initiation on Nykaa, uh which uh which I think the last two. If you want to just talk about those and then we can pick on some of the uh you know, more news related items.
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