moneycontrol India Stock of the Day (July 2023)
Senco Gold, CIE Automotive, Navneet Education, KIMS Hospitals, Dabur India, SBI, PCBL, MapMyIndia, Nazara Technologies, Titan Company, Cochin Shipyard, Control Print, Jindal Steel & Power, etc.
moneycontrol is India's leading financial and business portal who does short (roughly 4 minute) Stock of the Day video pitches about Indian stock picks.
Indian stocks featured in their July Stock of the Day videos (from newest to oldest) and covered in this post include:
Senco Gold; CIE Automotive; Navneet Education; KIMS Hospitals; Dabur India; State Bank of India (SBI); PCBL; MapMyIndia (CE Info Systems); Nazara Technologies; Faze Three Ltd; Titan Company; Motherson Sumi Wiring India; Aptus Value Housing Finance India; Cochin Shipyard; Control Print; Sumitomo Chemicals India; 360 One Wealth; Transport Corporation of India; & Jindal Steel & Power
Last week, India got an upgrade at the expense of China:
Morgan Stanley upgrades India to overweight, downgrades China (moneycontrol) August 2023
This upgrade comes just four months after Morgan Stanley previously elevated India from 'underweight' to 'equal weight' on March 31, citing factors such as reduced valuation premium and the resilient economy.
Furthermore, the brokerage has also made specific sector upgrades for India, including industrials, financials, and consumer discretionary stocks, which are now rated as 'overweight'. It expects these sectors to be major beneficiaries of India's ongoing structural growth story.
Within its Asia-Pacific Ex-Japan focus list, Morgan Stanley has added Indian stocks like Larsen & Toubro (L&T) (NSE: LT / BOM: 500510) and Maruti Suzuki (NSE: MARUTI / BOM: 532500), while removing Titan Company (NSE: TITAN / BOM: 500114) from the list. Both Larsen & Toubro and Maruti Suzuki have also been included in the GEM (Global Emerging Markets) focus list.
This probably means the international fund herd will start looking at Indian stocks again and they may need to look beyond the usual suspects to include some of the lesser known stocks mentioned in this post and our previous moneycontrol compilation posts (see May and June).
And then there is this:
Morgan Stanley cites opening up of equities to retirement funds as a key trigger for stock surge (moneycontrol) August 2023
In 2022, when foreign institutional investors sold around Rs 1.27 lakh crore worth of equities, domestic institutional investors poured in Rs 2.67 lakh crore into markets, thus creating a floor.
India allowed retirement funds to invest in equities for the first time in 2015. This was similar to what happened in 1980 in the United States when 401(k) retirement plans were allowed to buy stocks. According to Morgan Stanley, this has created a reliable domestic source of risk capital.
To make your life easier, this post includes:
A quick description of the stock pick with links to the IR page and stock quote(s) on Yahoo! Finance.
A link to any Wikipedia page (for what it might be worth…)
The title of the moneycontrol Stock of the Day and their summary of what makes the stock pick interesting.
The embedded video (again, they are usually 4 minutes long).
Forward or trailing P/E and dividend yields linked back to the Yahoo! Finance statistics page.
The latest long term technical chart linked back to Yahoo! Finance.
And as always, this post is provided for informational purposes only (and to make your life easier by providing you with relevant information, links, and charts). It does not constitute investment advice and/or a recommendation…
Senco Gold
Senco Gold (NSE: SENCO / BOM: SENCO) owns the Senco Gold and Diamonds brand with a legacy of over five decades. The Company manufactures and trades in jewelry and articles made of gold, silver, platinum, and other precious and semi-precious stones in India plus offers costume jewellery, gold and silver coins, and utensils made of silver. The Company operates owned and franchised showrooms, as well as online platforms.
Senco Gold: Why This Organised Jewellery Player Has Huge Scope Of Market Share Gains
Senco, the largest organised jewellery player in East India is expected to strengthen its presence in the industry owing to rich brand legacy, focus on light weight jewellery as well as aggressive store additions to be funded by recent IPO proceeds. Valuation discount to comparable regional players makes it a good investment bet.
Trailing P/E: 19.31 (no forward P/E) / Trailing Annual Dividend Yield: 0.39% (no forward dividend) (Yahoo! Finance)
CIE Automotive
CIE Automotive India (NSE: CIEINDIA / BOM: 532756) manufactures and sells automotive components to original equipment manufacturers and other customers in India and Europe. It offers forging products, such as crankshafts, steering components, and other forged products; stampings, including body systems, chassis systems, and assembly; gears and shafts; axle and transmission parts, engine parts, and other products; magnetic products comprising permanent magnets, soft ferrite cores, impeder cores, and magnetic induction lightings; sheet and dough molding compounds; auto parts, medical equipment covers, and windmill parts; and aluminum casting products. The Company also provides oil sumps, turbo housings, exhaust manifolds, passive entry antenna components, synchro and cast hubs, and planetary carriers; differential and carrier housing, electrical, transmission/driveline, and suspension products; knuckles/stub axles, brake calipers, spring saddles, hoods, fenders, bonnets, foot plates, front grills, front axle support products, and stamped cabin components; and lift arms, rocker arms, trunion brackets, and toppling cranks. It offers its products for use in cars, utility vehicles, commercial vehicles, tractors, off road vehicles, and two-wheelers.
The Company was formerly known as Mahindra CIE Automotive Limited and changed its name to CIE Automotive India Limited in June 2023. The company was incorporated in 1999 and is based in Mumbai, India. CIE Automotive India Limited is a subsidiary of Participaciones Internacionales Autometal, Dos S.L, part of the successful global CIE Automotive Group (BME: CIE) of Spain.
Wikipedia (Mahindra & Mahindra)
CIE Automotive | One of the companies growing across domestic and international markets
CIE is one of the leading auto component manufacturers with presence in India and international markets. With the increasing production by OEMs post easing of chip shortage, increase in demand for cars, wider adoption of electric vehicles, the company is poised to grow significantly. Further, its valuation is currently at a reasonable level.
Trailing P/E: 23.61 (no forward P/E) / Forward Annual Dividend Yield: 0.50% (Yahoo! Finance)
Navneet Education
Navneet Education’s (NSE: NAVNETEDUL / BOM: 508989) brand was established by the Gala Family in 1959. Over the decades, Navneet has emerged as the preferred brand for educational products among teachers and students. The immensely popular products like Vikas workbooks, Gala practice books, YouVa full-scapes, are hot favorites amongst the young segment of India. These products are bestsellers not just because of their superior quality, but also because of the nostalgic association of 90’s kids.
In December 2016, the Company acquired Encyclopedia Britannica (India) Pvt. Ltd. for publishing CBSE Textbooks. With this acquisition, Navneet will focus on serving the regional teaching and learning needs with supplemental digital solutions.
Navneet Education Is Set To Lead The Education Makeover | Stock Of The Day
Navneet Education is one of the largest player in the publications business with strong global demand for paper stationery. It holds over two-third of the total market share in the state board schools of Maharashtra and Gujarat. The company saw healthy improvement in its core businesses in the March quarter, and the education reforms will provide thrust to revenues in the current fiscal. It is also expanding footprint in the digital content segment, and is well- prepared to capitalise on the long-term opportunities in the education sector, backed by its strong brand image.
Trailing P/E: 15.88 (no forward P/E) / Trailing Annual Dividend Yield: 1.73% (no forward dividend) (Yahoo! Finance)
