moneycontrol India Stock of the Day (November 2023)
Vijaya Diagnostic Centre, BSE Ltd (Bombay Stock Exchange), Amber Enterprises, HDFC Bank, S Chand, Zee Entertainment, Emami, Paradeep Phosphates, Ami Organics, Star Health & Allied Insurance, 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 November Stock of the Day videos (from newest to oldest) and covered in this post include:
Vijaya Diagnostic Centre; BSE Ltd (Bombay Stock Exchange); Amber Enterprises; HDFC Bank; S Chand and Company; Zee Entertainment Enterprises; Emami; Paradeep Phosphates; Ami Organics; Star Health & Allied Insurance; MAS Financial Services; Navin Fluorine International; & Container Corporation
The Wall Street Journal has just reported:
The Newest Get Rich Quick Trade: Indian Stocks (WSJ) 🗃️
India’s booming stock market is attracting millions of individual investors hoping to get rich quick.
The benchmark S&P BSE Sensex Index is around 16% higher this year and hit an all-time high this month. The surge encouraged investors to open more than 11 million new accounts with the National Stock Exchange of India in 2023 through the end of August, and has led to record flows into mutual funds that buy stocks. The most popular play: subscribing for shares in new listings, which sometimes surge in value during the first few days of trading.
The same thing happened about two decades ago in Vietnam (along with other Asian countries) and it will be interesting to see what happens with these new investors during the next downturn.
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…
Vijaya Diagnostic Centre
Vijaya Diagnostic Centre (NSE: VIJAYA / BOM: 543350) is a health-first diagnostic center that has 125 state-of-the-art diagnostic centers located in 20 Indian cities. All the diagnostic centres brandishing their banner have NABL-certified diagnostic labs. Each diagnostic centre is headed by India’s best certified, skilled and experienced personnel. They have an in-house team that consists of 2200+ professionals. Their in-house team consist of India’s top pathologists, radiologists, and microbiologists. They periodically send a small team of our in-house healthcare professionals to every diagnostic centre scattered all over India to train and retrain the professionals at that centre. This team of healthcare professionals are also sent occasionally without prior notice to ensure that their diagnostic centres are upholding the quality standards they have set to ensure the deliverance of international-grade diagnostic services.
Vijaya Diagnostic Centre Limited is the brainchild of Dr S. Surendranath Reddy. They opened in 1981 and have become one of the top-rated diagnostic centre chains in India. Currently, they have more than 90 diagnostic centres in Hyderabad.
How does Vijaya Diagnostics stand out in a crowded sector? | Stock Of The Day
Vijaya Diagnostic Centre is the largest diagnostic chain in southern India. It is a play on regional healthcare and their increasing reach in under-penetrated markets of the country.
Trailing P/E: 63.52 (no forward P/E) / Forward Annual Dividend Yield: 0.16% (Yahoo! Finance)
BSE Ltd (Bombay Stock Exchange)
Established in 1875, the Bombay Stock Exchange or BSE Ltd (NSE: BSE) is Asia's first & the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India's leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. Popularly known as BSE, the bourse was established as ‘The Native Share & Stock Brokers' Association’ in 1875. In 2017 BSE become the 1st listed stock exchange of India.
Today BSE provides an efficient and transparent market for trading in equity, currencies, debt instruments, derivatives, mutual funds. BSE SME is India’s largest SME platform which has listed over 250 companies and continues to grow at a steady pace. BSE StAR MF is India’s largest online mutual fund platform which process over 27 lakh transactions per month and adds almost 2 lakh new SIPs ever month. BSE Bond, the transparent and efficient electronic book mechanism process for private placement of debt securities, is the market leader with more than Rs 2.09 lakh crore of fund raising from 530 issuances. (F.Y. 2017-2018).
Keeping in line with the vision of Shri Narendra Modi, Hon’be Prime Minister of India, BSE has launched India INX, India's 1st international exchange, located at GIFT CITY IFSC in Ahmedabad.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed.
BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country.
BSE has also launched BSE Sammaan, the CSR exchange, is a 1st of its kind initiative which aims to connect corporate with verified NGOs
BSE's popular equity index - the S&P BSE SENSEX - is India's most widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa)
BSE | Transformed From Being A Value Stock To A Growth Share | Stock Of The Day
BSE (Bombay Stock Exchange) has been the best-performing stock in recent times. The stock has more than tripled year-to-date (YTD) and has hit a new high this month. BSE’s stock surge is a two-legged story. In the first phase, we saw a huge valuation re-rating of the stock on the back of higher traction in business volumes and market share gains. In the second leg, investors can expect earnings to rise sharply which will justify the rally so far and drive the further upside in the stock. Simply put, BSE has transformed from being a value stock (high dividend/buyback yield) to a growth stock (high earnings growth). Such transformations are very rare and tend to get rewarded in a non-linear manner. BSE took the first step to monetize the success of the F&O segment by increasing transaction charges on Sensex options with effect from 1st November 23. BSE’s net revenue from the derivatives segment will improve with the gradual price hikes on all products. Investors should hold on to the stock or buy on dips. There is still some steam left in the stock as the potential for earnings growth has increased manifold which is likely to be met with a standing ovation from the Street.
Trailing P/E: 45.16 (no forward P/E) / Forward Annual Dividend Yield: 0.52% (Yahoo! Finance)
