TOWER TALK  DATED 04 MAY 2020

1. Jyothy Labs has launched Margo hand sanitizer. This FMGC deserves a place in every portfolio, especially at current low rates.

2. Bank of Baroda has approved raising up to Rs 13,500 cr. During the year to funds its expansion and business. Worth adding.

3. Clariant Chemicals: Manufacturing units/factories in Maharashtra, Gujarat and Tamil Nadu are back in partial operation with limited capacity. Positive for Company. Add.

4. Granules India has received US FDA approval for Trospium Chloride capsules. The Company is likely to get some more approvals soon. A good long term buy.

5. Sobha which has strong presence in Bangalore, Kerela, Delhi NCR, Chennai, Coimbatore, Mysore and Pune, is being accumulated by knowledgeable circles. Accumulate. The share has the potential to double in less than two years. Buy.

6. Sterlite Technologies is showing strong signs of breakout. The share has the potential to rise by 50% in the next few months. A safe investment idea.

7. Motherson Sumi (automobile componenets giant) is available at half its peak price. Rising volume are suggestive of a big recovery. Accumulate.

8. IB Ventures just refuses to go below Rs. 100/-. Rising volumes aret suggestive of buying at big buying at lower prices. Buy for big gains.

9. Nippon Life Insurance is witnessing big investment interest. The
entire sector is also expected to fare well. Start adding.

10. L&T has reported that it received orders over Rs. 30,000 Cr in the end period of March 20 and that could possibly point to better profitability in time to come. Add.

11. Pfizer (which has declared an interim dividend of Rs. 320/- per share payable on 8 May20) may surprise investors with a bonus issue this year. Its parent company is also close to a Corona virus drug. Add in small lots.

12. Bata India is showing signs of firming up on the bourses.

13. Axis Bank reported a loss of Rs. 1387 Cr in Q4 (v/s a profit of
Rs. 1504 cr in the previous year) on back of higher provisioning and covid related crises. However the bank is set to acquire nearly 30% of Max Life Insurance for Rs around 1,600 cr. Long term prospects remain strong. The bank also plants to raise or borrow Rs. 35,000
cr during the year. Sell now and review later before buying.

14. RIL has planned a massive rights issue, after 29 years to existing shareholders. This mini bonus should not be missed. The
Company is likely to soon become debt free. Add.

15. FMGC major Britannia continues to fare well. The present covid crises is making people add biscuit stocks at their homes and also prefer use of bread in times the flour mills also remaining closed. The share price can appreciate by 25% in the next six
months.

16. Indiabulls Housing Finance is showing signs of a breakout.
The pending court cases are also likely to be decided soon. Contrary to allegations, the Company continues to honor its debt commitments in a timely manner. It would be prudent to start adding in small lots.

17. HESTER Bio has claimed that it very near to making a Covid Vaccine. If it succeeds, it will witness a big bull run. Accumulate.

18. IOL Chemicals, the makers of Brufen, is reporting high
volumes. The entire pharma industry is also faring well. Add.

19. Biocon has the potential of becoming a money spinner. It also owns a chunk Syngene company shares. With so many biosimilars
in the pipeline, this a good share to add.

20. As planned, Polyplex has already started buying back its own
shares from open market, leading to rising prices. Post extinguishment of these shares, EPS will also rise as current workings are also excellent. Add.

21. Laxmi Vilas Bank is showing signs of a rebound amidst reports of strong hands picking up strategic state. The bank has a strong hold in South India. Risk bearing investors may enter cautiously...