Stocks On Focus

STOCKS ON FOCUS

IIFL says Strong Export run-rate seen in JBCHEPHARM over past 2 quarters, has sustained in 2QFY23 as well. JB is likely to report >30% YoY growth in Export sales in 2QFY23.

POLYMEDICURE  : Weaker rupee to aid margins by 200-250 Bps. Lower RM costs to further improve margins. Maintain 20% growth guidance for the year. Growth Drivers: Dialysis kits, PLI Schemes, US Biz increasing going forward.

PG Electroplast : Institutional interest increases in the stock. Mgmnt says, in talks with other institutions too. PG Electroplast: Avestha Fund Management LLP acquired 1.42 lakh equity shares in the company via open market transactions. These shares were bought at an average price of Rs 1,046.79 per share.

INSECTICIDES INDIA : - Rupee deprecation hurts Co’s business, - Will be difficult to expand margins by 100 Bps, as guided, - Exports impacted too, will strive to meet lowered 150 Cr guidance for this year, - New products and Capex to aid biz going ahead!

SUGAR STOCKS , PRAJ ; Govt urges distilleries to maximise ethanol production

In a meeting conducted by senior officials of the department of food and public distribution recently, supplies of ethanol were reviewed from all sugar based distilleries of major sugar producing states, except for Uttar Pradesh and Maharashtra. Sources privy to details said that all distilleries were requested to maximise the production of ethanol for ensuring success of government's ethanol blending programme.