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“All our other regions apart from Bangalore have started contributing really well. As a strategy, we had diversified into several other cities. We have been present in 12 cities for a long time and some of those investments have started paying off and we are very happy about it. The majority of the new launches are going to be based in Bangalore at least this financial year.”

The stock traded at a P/E multiple of 52.36, while the price-to-book value ratio stood at 5.77.

“We will see a long capex cycle, but capex has to be divided in our view in two-three different buckets. First is the government capex which is central government capex, then there is state government capex. Then there is PSU capex, private capex and what we call MNC capex, which is a smaller part of the overall capex plays.”

A bottoms-up stock analysis of companies with strong business momentum, healthy ROE/ROCE profile, at least 15% EPS CAGR for FY24-26F, and a forward PE/PBV valuation near mean/ below mean of the last 5-10 years shows 10 stocks can rally within 46-311% in 3 years.

The consortium will develop CWIT on a build, operate and transfer (BOT) basis for a period of 35 years and after the development of this terminal, Colombo Port will be counted as the 20th largest container terminal in the world.

4 Nifty50 stocks managed to hit new 52-week highs on November 8​

A total of 6,163 shares changed hands on the counter till 01:39PM (IST).

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“All the auto names have done very well. Against that backdrop, companies which have a sound EV backbone and EV plants like Tata, TVS Motors, M&M to an extent stand out but it is more a sum of parts story. Both TVS Motors, Tata Motors look good. There is enough fundamental run-up left in the stocks.”

“In the short term while we do expect the margins to maintain at around 11% plus-minus a few basis points and when we say the guidance of 11%, the incremental cost which normally tends to creep in once you commission the new plants is already baked in. We do not expect any significant deterioration or dilution in the existing margins per se.”