moneycontrol India Stock of the Day (Q4 2024)
Persistent Systems, Colgate-Palmolive (India), Tarsons Products, Godrej Consumer Products, Trent Ltd, MapMyIndia, HDFC Bank, Landmark Cars, Lemon Tree Hotels & Craftsman Automation, 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. For some reason, they stopped posting the segments on YouTube earlier this year only to restart posting them last October.
It is my understanding that only Non-Resident Indians (NRIs) can use Interactive Brokers to trade Indian stocks (however, IB’s product and exchange list here does list Indian stocks…) and that foreign investors or funds are subject to Indian capital gains taxes. See:
📰 Macro matters: India’s tax glitch (Portfolio Adviser) November 2024 🗃️
However, foreign investors may not know that a percentage of their returns are subject to Indian capital gains tax.
This presents an issue for mutual funds – how do funds handle, report and accrue the added tax, and can it lead to disadvantages for investors?
Therefore, I might only do more Indian stock posts on a quarterly basis.
Note that our South & Central Asia Stock Index now contains 232 Indian stocks (with more covered in our Monday and Sunday posts) while a podcast interview with an Indian fund manager covered in our June 9th post noted there are only 700-800 investible stocks out of 4,000 Indian listings (and that list of investible Indian stocks can probably be further reduced to less than 100 stocks by a foreign fund manager with strict investing criteria…)…
Indian stocks featured in moneycontrol’s Q4 2024 Stock of the Day videos (from newest to oldest) and covered in this post include:
[Note: On desktop browsers, an autogenerated table of contents will appear on the left side linked to each stock. I will add those links below after publishing/emailing this post…]
NCC Limited, Icici Prudential Life Insurance Company, Sirca Paints, HG Infra Engineering, MAS Financial Services, Prudent Corporate Advisory Services Ltd, Vijaya Diagnostic Centre, Hindustan Unilever Limited, Endurance Technologies Ltd, Syrma SGS Technology, EIH Ltd, Tbo Tek Ltd, Medi Assist Healthcare Services, Indian Overseas Bank / HG Infra Engineering / LTIMindtree / Saakshi Medtech / Asian Paints Ltd, Persistent Systems, Colgate-Palmolive (India), Gabriel India, Va Tech Wabag, Tarsons Products Ltd, Transport Corporation of India, Shivalik Bimetal Controls, Cello World Ltd, Central Depository Services, Galaxy Surfactants, Swiggy Ltd, Prince Pipes and Fittings Ltd, NTPC Ltd, Godrej Consumer Products, V.I.P. Industries Ltd, Home First Finance, Amber Enterprises, Protean eGov Technologies Ltd, Trent Ltd, CE Info Systems Ltd (MapMyIndia), KEC International, Metro Brands Ltd, Computer Age Management Services Ltd, Aditya Birla Capital, SG Mart Ltd, Wipro Ltd, Aptus Value Housing Finance India, Juniper Hotels, AU Small Finance Bank Ltd, HDFC Bank, Cochin Shipyard, Crompton Greaves, PG Electroplast Ltd, Landmark Cars Ltd, Rainbow Children's Medicare Ltd, Manappuram Finance Ltd, V-Guard Industries Ltd, Krsnaa Diagnostics, Nazara Technologies, 360 One WAM, Data Patterns (India) Ltd, Lemon Tree Hotels & Craftsman Automation
And as always, this post is provided for informational purposes only (and to make your life easier…). It does not constitute investment advice and/or a recommendation…
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NCC Limited
🇮🇳 NCC Limited (NSE: NCC / BOM: 500294) - Conglomerate encompassing various facets of construction & infrastructure building. 🏷️
🎥 NCC Ltd | Accelerated project awarding, strong orderbook to drive growth (4:15 Minutes) Dec 31, 2024
NCC Limited which has an experience of executing diverse infrastructure projects is set to be a key beneficiary of Government’s sustained push on infrastructure. With strong and a diversified order book and a robust balance sheet, NCC Limited is well poised to drive the infrastructure development in the country
Price/Book (Current): 2.54
Trailing P/E: 21.00 (no forward P/E) / Forward Annual Dividend Yield: 0.79% (Yahoo! Finance)
Icici Prudential Life Insurance Company
🇮🇳 ICICI Prudential Life Insurance Company (NSE: ICICIPRULI / BOM: 540133) - Life insurance, pension & health insurance products to individuals & groups. Promoted by ICICI Bank (NYSE: IBN) / Prudential PLC (NYSE: PUK / LON: PRU). 🇼 🏷️
🎥 ICICI Prudential Life: Poised to deliver strong growth | Stock of The Day (6:29 Minutes) Dec 30, 2024
ICICI Prudential Life Insurance is one of the largest private life insurance company. The stock has significantly outperformed private peers in CY24. While HDFC Life Insurance and SBI Life have delivered negative returns YTD (year-to-date), ICICI Pru life’s stock has rallied 25% in the same period.
After 4-5 years of no growth and only margin expansion, ICICI Pru has delivered robust growth in the past four quarters. Going forward, ICICI Pru is set for a strong growth in APE and market share gain through its focus on diversified distribution channel, supplemented by product launches.
With the reduced dependence on ICICI Bank, ICICI Pru’s growth has been driven by proprietary channels, such as agency (30 percent of APE) and direct (16 percent of APE).Going forward, the focus will be on single insurance channel (exclusive partners), which includes ICICI Bank and Standard Chartered Bank, agency and direct business (digital and cross-sell)
Price/Book (Current): 8.41
Trailing P/E: 110.97 (no forward P/E) / Forward Annual Dividend Yield: 0.09% (Yahoo! Finance)
Sirca Paints
🇮🇳 Sirca Paints (NSE: SIRCA / BOM: 543686) - Wood, metal, glass coatings & other decorative paints. Manufacturing unit for melamine, NC products & economical PU. 🏷️
🎥 Sirca Paints| Why is it the right time to invest in this stock? (4:17 Minutes) Dec 29, 2024
Sirca Paints is a leading manufacturer of premium Italian wood coating products in India under the brands “Sirca” and “Unico”. Company's first half was soft due to weak consumer demand. However, with a focus on high-value products, acquisition of the "Welcome brand" to expand into paint thinners and continued strength in Unico (Wood coating), wall paints, and high-end decorative paints, the outlook for H2 remains strong.
🎥 Sirca Paints| Growth at reasonable price| Is it the right time to invest in this stock? (3:38 Minutes) Oct 30, 2024
Sirca Paints is a leading manufacturer of premium Italian wood coating products in India under the brands “Sirca” and “Unico”. Company's last quarterly result was soft due to labor shortages on account of the election and heatwaves in North India. This impacted real estate activities. Margins also dipped due to elevated logistics cost. However, with a focus on high-value products, acquisition of the "Welcome brand" to expand into paint thinners and continued strength in Unico (Wood coating), wall paints, and high-end decorative paints, future looks promising.
Price/Book (Current): 5.62
Trailing P/E: 39.13 (no forward P/E) / Forward Annual Dividend Yield: 0.47% (Yahoo! Finance)
