NEW DELHI: Whoever said the stocks rally since March lows was reckless should be eating crow now.
Many of the stocks that saw a stellar run in the rally have also turned out to be the ones delivering solid top line and bottom line growth through these hard times, and showing strong earnings visibility for the near future.
The best part is, investors sit easy in these stocks, as the rest of the market gets busy fixing stop losses and booking partial profits in anticipation of an imminent correction.
Shares of 23 companies with healthy earnings outlook (at least for the short term) rallied up to 550 per cent from March lows. And June quarter earnings validated those bets, as these companies reported more than 20 per cent rise in both sales and profit in an otherwise washout quarter, data compiled by corporate database AceEquity suggests.
The chart-topper was Aarti Drugs, whose shares rallied a whopping 548 per cent since March lows. For June quarter, the company reported a 280 per cent YoY surge in profit after tax (PAT) at Rs 85.45 crore on a 34.34 per cent rise in net sales at Rs 544.67 crore. While disruptions in China helped, Anand Rathi says the company is a prime candidate to benefit from the government’s push for indigenous API manufacturing.
Shares of LT Foods soared 288 per cent from March lows. The owner of Basmati rice brand Daawat delivered 82.24 per cent rise in net profit at Rs 83.58 crore on a 24 per cent rise in net sales at Rs 1,215 crore. Analysts like the business on account of strong product line and consistent market share gains, which they believe may help the company outperform peers.
Sugar producer Dalmia Bharat Sugar & Industries more than doubled June quarter profit at Rs 125.86 crore on a 51 per cent rise in net sales at Rs 881.52 crore. This stock has risen 247 per cent from March lows. ICICI Securities said optimum byproduct capacities helped Dalmia Bharat Sugar bring stability to earnings and cash flows. This brokerage likes the company as likely additional sugar exports and higher sugarcane diversion towards heavy ethanol is expected to help it cut sugar inventory by 50,000 tonnes over next two years.
Laurus Labs’ June quarter bottom line was higher than the average annual profit it had reported over FY17-20. The June quarter numbers redefined earnings assessment for the company over near to medium term, Motilal Oswal said.
Brokerages now look at Laurus Labs as a solid play on the formulation business, and have revised earnings estimates sharply, suggesting a 20-30 per cent potential upside. This stock has rallied 245 per cent from March lows.
Among others, Vaibhav Global, Granules India, Triveni Engineering & Industries. Bombay Burmah Trading Corporation and Deepak Fertilisers have jumped 138-163 per cent from March lows. These companies reported at least 46 per cent rise in profit on 23-32 per cent rise in sales.
Tata Coffee, Muthoot Finance, Balrampur Chini Mills and ICICI Securities were among other stocks that have delivered over 100 per cent returns since March 24, the day BSE Sensex hit its 52-week low of 25,638. The BSE barometer is up over 50 per cent since then. These companies also reported stellar numbers for the June quarter, AceEquity data showed.
Nitin Raheja, Co-Founder, AQF Advisors says if an investor keeps on getting obsessed with the market level, s/he is never going to get it right. “You probably have missed out huge gains that you could have made in last three or four months. The lesson here is to focus on your companies: Be bottoms-up and focus on stocks, where you have the growth visibility. That is what we continue to do. It is true that a period of consolidation normally occurs after a runup. But this is a long-drawn thing,” Raheja told ETNow.
Other stocks that have seen 40-100 per cent recovery from March lows have all reported healthy quarterly numbers. Among them were stocks like Alembic Pharmaceuticals, PI Industries, Bayer CropScience, Manappuram Finance, Divi’s Laboratories, Britannia Industries, Coromandel International, Ipca Laboratories, Bajaj Finserv and REC.
Only companies with Rs 500 crore in quarterly sales and at least Rs 50 crore in profits were picked for the study.
Waqar Naqvi, CEO of Taurus Mutual Fund, said he prefers companies with stable cash flow and stronger balance sheets where the debt is minimal. “Investors will do good to trace those investment ideas where balance sheets are stronger and can absorb shocks induced by black swan events like the current pandemic. Debt-free companies or at least those making attempts to reduce the overall debt by recasting their balance sheets will be better investment options for the cautious investor,” he said.
Up to 550% rally! Stocks that shone in hard times showing muscles too
Urmila Matondkar to Kangana Ranaut: Start Fighting Drugs from Your Own State Himachal Pradesh
Urmila Matondkar to Kangana Ranaut: Start Fighting Drugs from Your Own State Himachal Pradesh
Urmila Matondkar is upset over Kangana Ranaut's criticism of Mumbai, and said that the latter should start her war on drugs from her home state, Himachal Pradesh.
Last Updated: September 16, 2020, 11:21 AM IST
Urmila Matondkar is the latest celebrity to have slammed Kangana Ranaut for her comments criticising Mumbai. The Rangeela star has countered Kangana's remarks on Mumbai and the alleged drug menace in Bollywood, by asking her to look at her home state first.
Urmila said that if Kangana wants to start a war against drug abuse, she should begin with her home state, Himachal Pradesh. "The entire country is facing the menace of drugs. Does she (Kangana) know Himachal is the origin of drugs? She should start from her own state," Urmila told Mumbai Tak.
She also said that if Kangana knew about the drug menace in Bollywood, she should have informed the police. She asked, "Why did this person who has been given Y-security from the taxpayers' money didn’t give information about the drug nexus to the police?"
The 46-year-old actress said she wouldn't tolerate Kangana's defamatory comments on Mumbai. Urmila said, "There's no of doubt that Mumbai belongs to everyone. Whoever has loved the city and has given back to the city, it belongs to them As a daughter of the city, I will never tolerate any defamatory remark against it. When you make such comments you are not only insulting the city, but people of the state at large," she said.
Kangana had compared Mumbai to Pakistan-occupied-Kashmir inher comments with relation to , which had triggered a spat between her and Maharashtra's ruling party Shiv Sena.
Urmila, who contested the 2019 elections from Mumbai North constituency on a Congress ticket, also said that just because one person shouts all the time, doesn't mean the person is speaking the truth. She also criticised Kangana for cribbing all the time and playing the victim card and the woman card.
I Don't Call It Ghetto wins big at TTFF 2020 awards
Julien Neaves
A scene from the documentary I Don't Call It Ghetto. -
TT documentary I Don't Call It Ghetto, Mortenol from Guadeloupe and Malpaso from the Dominican Republic were among the winners of the TT Film Festival 2020 awards.
The winners were announced on Monday night during the festival's virtual awards.
FILMCO's interim executive director Mariel Brown said the awards would normally be held in the Central Bank Auditorium or another venue but due to covid19 the festival has been mostly online.
"And what has been so great about that has meant that we have had so many of the filmmakers whose works were in competition plus jury members join us on the awards tonight. And that is a real treat."
She congratulated those continuing to make films during these difficult times.
"Covid19 has taxed our creativity and our determination and our tenacity. And it's wonderful to be able to continue to celebrate Caribbean films and Caribbean filmmakers."
The award for Best Documentary Medium Length went to I Don't Call It A Ghetto directed by Miguel Galofré, a TT-based filmmaker from Barcelona.
"The jury notes it is not often that we are given such intimate access to the everyday lives of today's police officers. But in I Don’t Call It Ghetto Miquel Galofré takes us into the daily struggles and triumphs of police officer Onika James-Turner, creating a unique and detailed portrait of her life as a working mother, girlfriend, daughter, and neighbour. By the end of the film we know, Onika James-Turner, because she is us.”
The documentary also won Best TT Film.
TTFF founder Dr Bruce Paddington presented Best Narrative Film Short to Mortenol by Julien Silloray from Guadeloupe.
A scene from the film Mortenol. -
"The jury noted it was a fresh and humane take on revenge and coming of age in Guadeloupe. Brilliantly cast with a stand-out performance from a new exciting talent Chris Baltimore."
Mortenol also won Best Film As Decided By The Youth Jury and jury convenor BC Pires said it was a unanimous decision.
He quoted the citation from the jury: "For its technical proficiency and cohesive display of its themes of youthful male elation and loss in the realest depiction of a boy who must reckon with an environment that teaches toxic behaviour."
Best Narrative Feature Length Award went to Malpaso directed by Héctor M Valdez from the Dominican Republic. The jury noted that Malpaso is "a striking border fable that is clearly directed and visually stunning."
A scene from the film Malpaso. -
The award for Best Student Film went to La Pieza de Casseus (The Raging Dance of Casseus) directed by Camilo Mejía from the Dominican Republic. The jury said they all found it to be a compelling and relevant story with a very rhythmic, creative and natural approach.
"It was the most cohesive in terms of direction, editing, performances, sound, production design, production and emotional impact. We journeyed with Casseus in real and imagined realms and it is a journey we would like to see continue."
Best New Media Work went to Centella (Firefly) by Claudia Claremi from Cuba and Best Documentary Film Short went to Unbroken directed by Gabrielle Blackwood from Jamaica.
"The jury notes there are audience expectations with any film genre and with stories related to sports emotion, passion and adversity are par for the course. So it is always exciting to have a gem of a film unfold before your eyes that transcends genre and creates new expectations. Gabrielle Blackwood's Unbroken succeeds in doing all of this while telling an inspiring story. A story that's told with beauty both with the on-screen cinematography and the character's inner spirit."
Blackwood in her acceptance speech expressed thanks to TTFF and the members of the jury.
"I'm really surprised that we won but I am also very thankful."
She also thanked her team and said Laron Williamson, the Jamaican amputee who is the subject of the film, the "real star of the show" will appreciate it as well.
Best Narrative Film Medium Length went to Zeen? directed by Calyx Passailaigue from Canada. The jury notes that Zeen? is a zippy and witty mockumentary about race.
A scene from the mockumentary film Zeen? -
Passailaigue said he was shocked but totally happy to receive the award.
Best Documentary Feature Length Award went to Servidão (Servitude) directed by Renato Barbieri from Brazil.
The jury notes: “All the docs in this category had something strong to offer. It made for a truly difficult decision. Ultimately, the doc that moved us most is told in a conventional but stirring way and took us by surprise with the power of its story. We hope the award amplifies its cause to highlight the story of slavery and eradicate its modern form, low pay labour, in Brazil as well as the rest of the world. From labourers to the activists – and the labour/activists – they compelled us to hear them. We hope you listen too. We congratulate Renato Barbieri for making the case, and this important film."
The film beat out the Brian Lara documentary 501 Not Out which premièred at the festival.
Up to 550% rally! Stocks that shone in hard times showing muscles too
Hema Malini come in support of Jaya bachchan over Bollywood Drugs Row - ड्रग्स मामले में जया बच्चन के समर्थन में आईं हेमा मालिनी, कहा- इस तरह मज़ाक उड़ाएंगे, तो मैं बर्दाश्त नहीं कर सकती | India News in Hindi
होमदेशड्रग्स मामले में जया बच्चन के समर्थन में आईं हेमा मालिनी, कहा- इस तरह मज़ाक उड़ाएंगे, तो मैं बर्दाश्त नहीं कर सकती
ड्रग्स मामले में जया बच्चन के समर्थन में आईं हेमा मालिनी, कहा- इस तरह मज़ाक उड़ाएंगे, तो मैं बर्दाश्त नहीं कर सकती
जया बच्चन ने राज्यसभा में बीजेपी सांसद के बयान को लेकर कहा था, "कुछ लोगों की वजह से, आप पूरी इंडस्ट्री की छवि खराब नहीं कर सकते हैं.'
बॉलीवुड अभिनेत्री और भाजपा सांसद हेमा मालिनी (Hema Malini) ने कहा कि बॉलीवुड का सम्मान हमेशा ऊंचा रहेगा और कोई भी ड्रग्स या नेपोटिज्म का आरोप लगाकर नीचे नहीं गिरा सकता. उन्होंने फिल्म इंडस्ट्री का बचाव करते हुए कहा, 'मुझे नाम, सम्मान, प्रसिद्धि सभी इसी इंडस्ट्री से मिला है.' ऐसे आरोप लगना वास्तव में दुखद हैं. बॉलीवुड अभिनेत्री जया बच्चन ने फिल्म इंडस्ट्री में ड्रग्स के आरोपों को फिल्म इंडस्ट्री को बदनाम करने की कोशिश कहा था. समाजवार्टी पार्टी की सांसद और दिग्गज अभिनेत्री जया बच्चन (Jaya Bachchan) ने एक्टर-राजनेता रवि किशन (Ravi Kishan) के सोमवार को संसद में दिए बयान पर निशाना साधा. जया बच्चन ने कहा था कि "सोशल मीडिया पर फिल्म इंडस्ट्री को बदनाम किया जा रहा है". इससे पहले, सोमवार को गोरखपुर से बीजेपी सांसद रवि किशन ने कहा था कि ड्रग्स की लत (Drug Addiction) का शिकार बॉलीवुड भी है. बता दें कि सुशांत सिंह राजपूत मामले (Sushant Singh Rajput Case) की जांच में ड्रग्स का एंगल सामने आने के बाद बॉलीवुड में ड्रग्स की चर्चा तेज हो गई है.
यह भी पढ़ें
जया बच्चन ने राज्यसभा में बीजेपी सांसद के बयान को लेकर कहा, "कुछ लोगों की वजह से, आप पूरी इंडस्ट्री की छवि खराब नहीं कर सकते हैं. मुझे कल बहुत बुरा लगा जब लोकसभा के एक सदस्य, जो खुद इंडस्ट्री से ताल्लुक रखते हैं, ने फिल्म इंडस्ट्री के बारे में खराब बोला. जिस थाली में खाते हैं उसी में छेद करते हैं."
राजनीति में जया बच्चन की प्रतिद्वंद्वी हेमा मालिनी ने उनका समर्थन किया है. हेमा मालिनी ने एनडीटीवी से कहा, 'मैं लोगों को बताना चाहती हूं कि बॉलीवुड एक खूबसूरत जगह, एक रचनात्मक दुनिया, एक कला और संस्कृति उद्योग है. मुझे बहुत दुख होता है जब मुझे सुनने को मिलता है कि लोग इसके बारे में गलत बोलते हैं. जैसे ड्रग्स आरोप. ये कहां नहीं होता? लेकिन अगर कोई दाग है, तो आप उसे धो देते हैं और वह चला जाता है. बॉलीवुड पर लगा दाग भी चला जाएगा.'
साथ ही उन्होंने कहा, 'कई महान कलाकार हुए हैं. सिनेमा के सितारे इंसानी शरीर में भगवान का अवतार हैं. लोग आश्चर्य करते थे कि वे कलाकार थे या भगवान. राज कपूर, देव आनंद, धर्मेंद्र (हेमा मालिनी के पति), अमित-जी (अमिताभ बच्चन) - ये बॉलीवुड के उदाहरण हैं जिन्होंने बॉलीवुड को भारत में हर चीज का पर्याय बना दिया. बॉलीवुड भारत है. जब वे हमारे उद्योग का इस तरह मज़ाक उड़ाएंगे, तो मैं बर्दाश्त नहीं कर सकती.'
साथ ही उन्होंने कहा कि हालांकि ऐसे कुछ मामले भी सामने आए हैं तो इसका मतलब यह नहीं कि पूरी इंडस्ट्री ही खराब है. नेपोटिज्म पर भी उन्होंने बात रखी, उन्होंने कहा कि 'अगर किसी का बेटा या बेटी इंड्रस्ट्री में आती हैं तो इसका मतलब ये नहीं कि वे सुपरस्टार बन गए. प्रतिभा और किस्मत जरूरी होती है.'
वीडियो: जया बच्चन ने कहा, 'जिस थाली में खाते हैं, उसी में छेद करते हैं'
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"I Don’t Call It Ghetto wins big at TTFF 2020 awards"