moneycontrol India Stock of the Day (May 2023)
Indraprastha Gas, Amber Enterprises, Apcotex Industries, Coromandel International, CEAT Ltd, Karur Vysya Bank, Godrej Consumer Products, Devyani International, Tata Consumer Products, etc.
moneycontrol is India's leading financial and business portal who does short (roughly 4 minute long) Stock of the Day video pitches about Indian stock picks.
Indian stocks featured in their May Stock of the Day videos (from newest to oldest) and covered in this post include:
Indraprastha Gas (IGL); Star Health & Allied Insurance; Aditya Birla Capital; Amber Enterprises; Apcotex Industries; Coromandel International; CEAT Ltd; Karur Vysya Bank; Godrej Consumer Products; Devyani International; Sona BLW Precision Forgings; Home First Finance; KEC International; Crompton Greaves; CMS Info Systems; PI Industries; CSB Bank; IndusInd Bank; Laurus Labs; & Tata Consumer Products
Most of these Indian stock picks are in the manufacturing, agrochemicals, consumer products, pharma, and financial services sectors. Thus, they may offer a solid base for an Indian stock portfolio (see our India ADR list plus our India tagged Tear Sheets).
Keep in mind that Indian stock valuations tend to be higher than East Asian and SE Asian stock valuations; but this is not necessarily a bad thing - if the valuation is justified. And remember, India has a large pool of domestic investors and stock market traders - meaning there is a large liquid local market.
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…
Indraprastha Gas (IGL)
Established in 1998, Indraprastha Gas (IGL) (NSE: IGL / BOM: 532514) is a leading Indian natural gas distribution company that supplies natural gas as cooking and vehicular fuel. The company operates primarily in Delhi-NCR including neighbouring cities like Noida. It is a Joint-Venture of GAIL, Bharat Petroleum, and the Government of Delhi to implement the City Gas Distribution Network.
IGL continues to augment its infrastructure so as to meet the increasing demand of CNG arising out of growing number of CNG vehicles in Delhi. The growth drivers for increase in demand of CNG are - car manufacturers coming up with CNG variants and Delhi Government’s directive making it mandatory for all LCVs operating in Delhi to run on CNG. The company is in the process of enhancing its compression capacity by adding new stations.
IGL’s Margin Recovery Is Set To Move The Stock Up | Indraprastha Gas | Stock of The Day 4:00 Minutes
IGL’s margin and volume trajectory signal brisk recovery. Reduction in the gas costs and the policy support should help strengthen its position. IGL enjoys pricing power and previously did not pass on the entire gas cost to consumer and can now retain some of the savings that adds to the margin. Aggressive expansion to New Geographic areas would raise volume and reduce the concentration in Delhi & Surrounding areas therefore offsetting some impact of ongoing EV transition.
Trailing P/E: 23.55 (no forward P/E) / Forward Annual Dividend Yield: 4.03% (Yahoo! Finance)
Star Health & Allied Insurance
Star Health & Allied Insurance (NSE: STARHEALTH / BOM: 543412) is India’s leading private Health Insurance company headquartered in Chennai. They provide products in health, personal accident and overseas & domestic travel insurance aligned with the needs of the Indian Market.
Stock Of The Day: Star Health & Allied Insurance | Star Performer In Health Category? 3:31 Minutes
[NOTE: No description provided]
Forward P/E: 28.82 / Forward Annual Dividend Yield: N/A (Yahoo! Finance)
Aditya Birla Capital
Aditya Birla Capital (NSE: ABCAPITAL / BOM: 540691) is the holding company for the financial services businesses of the Aditya Birla Group - an Indian multinational Fortune 500 conglomerate.
With subsidiaries/JVs that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Powered by more than 34,000 employees, the businesses of ABCL have a nationwide reach with over 1,295 branches, more than 2,00,000 agents/channel partners and various bank partners.
Wikipedia (Aditya Birla Group)
Aditya Birla Capital - Well-Diversified Financial Services Player | Stock Of The Day 4 Minutes
Aditya Birla Capital is the holding company for the financial services business of Aditya Birla Group and holds a majority stake in various subsidiaries, which operate mainly in the commercial and retail finance, housing finance, asset management, and life and health insurance segments. The company posted an impressive performance in FY23 across lending segments, coupled with improving insurance business. Thrust on cross-selling, investments in digital, and leveraging ‘One ABC’ to support future growth momentum.
Forward P/E: 17.86 / Forward Annual Dividend Yield: N/A (Yahoo! Finance)
