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Thebullofdalalstreet

JSW Infrastructure: Add for Portfolio during consolidationNSE:JSWINFRA is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2021 to Fiscal 2023, and the 2nd largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023. Their installed cargo handling capacity in India grew at a CAGR of 15.27% from 119.23 MTPA as of March 31, 2021 to 158.43 MTPA as of March 31, 2023. During the same period, their cargo volumes handled in India grew at a CAGR of 42.76% from 45.55 MMT to 92.83 MMT. Technical Setup: After a good initial rally and listing, JSW Infra is consolidating in a range. I believe levels of 230 will be held here without much issues. A new breakout above the previous all time high would mean that the stock can give much higher targets for the future. It is a portfolio grade stock for me given India's growth story. Hold for medium to long term. Q3FY24 Highlights: Financial Performance • Notable year-on-year growth in cargo handling, with a 17% increase to 77.2 million tonnes for the nine-month period ending December 2023. • Revenue for the nine months ended December 2023 stood at INR 2832 crores, reflecting an 18% growth year-on-year. • EBITDA for the same period showed a 22% year-on-year increase. Expansion and Acquisitions • Acquisition of PNP Maritime Services and PNP Port, enhancing operational capabilities and expansion potential. • Development of an all-weather deepwater greenfield port at Kenney, Karnataka, with an estimated project cost of INR 4119 crores and an initial capacity of 30 million tonnes per annum. Operational Efficiency and Safety • Jaigarh Port was awarded a five-star rating by the British Safety Council, underscoring JSW Infrastructure's commitment to maintaining the highest safety standards. Future Growth Plans • Focus on increasing third-party cargo handling to 40% in the near term. • Continued pursuit of organic and inorganic growth opportunities to capitalize on India's infrastructure development momentum.
JLong
by jatin_agarwal
Can Senco Gold Sustain the breakout?NSE:SENCO is a curious stock for me. The business is growing and easy to understand. With Kiara Advani as brand ambassador the brand has been able to build pan India trust. But all of us in the stock market know that charts have a life of their own. The case remains to be seen whether this solid breakout can be held. The breakout came on the 15th of April which was a dull day because of Iran attacking Israel over the preceding weekend. The stock is also rallying because gold is rallying. Too many variables benefiting it (from chart strength to business fundamentals to sectoral tailwinds). The problem however is that sometimes charts do not hold their breakouts and that is what is visible from today's candle. Too early to call anything. Let me know in the comments below whether you feel the stock can hold its breakout? My Stop Loss is at 870. I remain bullish from a medium to long term perspective.
NSE:SENCOLong
by jatin_agarwal
1
IRFC Rally to Pause?NSE:IRFC has done exceedingly well in the markets like other Railway PSU stocks. No one can deny that these shares have performed well on fundamental backing. However, it will be wrong to say that the rally is not stretched. Corrections can be of 2 kinds in the market and here there is a possibility of consolidation (time-wise correction). A consolidation is not that bad considering that stocks have run up quite a lot. A thing to always keep in mind is that one should never come in front of a moving train (pun intended) and hence, if this PSU Railway stock starts another upward journey, one should not shy away from catching this train. Keep a Stop Loss at 130. I do expect consolidation but won't be surprised to see higher levels if there is momentum in this sector. Downside seems protected.
NSE:IRFC
by jatin_agarwal