Khambatta Securities’ research report on Anmol India
Anmol India Limited (Anmol) is a bulk supplier of imported coal, providing end-to-end coal supply chain management solutions. The company specialises in supplying high GCV coal, USA coal, Indonesian coal, Saudi pet coke and USA pet coke, commanding a sizeable 16% share of the USA coal market in India. A growing and industrialising economy along with increasing urbanisation is expected to drive up energy use as coal is seen to remain India’s energy mainstay for next 30 years. India does not produce adequate quantity of coal to meet the domestic demand while various types, grades and varieties of coal are required for different end uses. As a result, coal imports are expected to remain strong going forward.
Outlook
At current levels, the Anmol stock trades at an attractive 8.8x FY24E EPS. Assigning a target P/E multiple of 13.0x FY23E EPS, we value Anmol at Rs 255, informing a BUY rating with an upside of 48%.
Top Energy Stocks To Watch For 2023: Communications Systems Inc.(JCS)
Communications Systems, Inc., together with its subsidiaries, manufactures and sells modular connecting and wiring devices, digital subscriber line filters, structured wiring systems, and media and rate conversion products primarily in North America, Europe, the Middle East, and Africa. The company?s Suttle segment manufactures and markets copper and fiber connectivity systems, enclosure systems, XDSL filters and splitters, and active technologies for voice, data, and video communications under the Suttle brand name; and residential structured wiring products under the SOHO Access brand name. This segment offers its products directly and through distributors to communication companies, smaller telephone companies, electrical/low voltage contractors, home builders, cable customers, and original equipment manufacturers. Its Transition Networks segment designs, assembles, and markets network interface devices, media converters, network interface cards, Ethernet switches, sma ll form factor pluggable modules, and other connectivity products under the Transition Networks and MILAN brand names. This segment sells its products through distributors, resellers, integrators, and original equipment manufacturers. The company?s JDL Technologies segment offers information technology (IT) solutions, including network design and integration IT service management, network security, desktop virtualization, and managed network operation center services. This segment serves educational clients, IT value added resellers, and managed service providers, as well as healthcare, enterprise, and government markets. Its Austin Taylor segment provides telephony and data networking products to telecommunications companies, distributors, and installers. This segment designs and manufactures external metal cabinets and internal metal boxes to industry standards and to customer specifications. The company was founded in 1969 and is headquartered in Minnetonka, Minnesota.
Advisors’ Opinion:
- [By Lisa Levin] Gainers
Cara Therapeutics, Inc. (NASDAQ: CARA) shares surged 42.76 percent to close at $16.56 on Wednesday in reaction to a new licensing agreement with Europe-based Vifor Pharma. As part of the agreement, the biopharmaceutical company that alleviates pain licensed worldwide rights (except U.S., Japan, and South Korea) to Vifor Pharma to commercialize its KORSUVA therapy to Vifor $70 million.
Yangtze River Port and Logistics Limited (NASDAQ: YRIV) gained 31.28 percent to close at $7.05 on Wednesday.
Tiffany & Co. (NYSE: TIF) climbed 23.29 percent to close at $126.05 after the company reported upbeat results for its first quarter and raised its FY2018 earnings guidance.
EVO Payments, Inc. (NASDAQ: EVOP) gained 18.88 percent to close at $19.02. EVO Payments priced its IPO at $16 per share.
Carver Bancorp, Inc. (NASDAQ: CARV) rose 16.1 percent to close at $6.85.
USA Technologies, Inc. (NASDAQ: USAT) gained 15.68 percent to close at $13.65 after announcing pricing of public offering.
eXp World Holdings, Inc. (NASDAQ: EXPI) shares jumped 15.01 percent to close at $17.70.
Geron Corporation (NASDAQ: GERN) gained 14.99 percent to close at $4.68.
Evolus, Inc. (NASDAQ: EOLS) rose 14.62 percent to close at $19.36.
Ralph Lauren Corporation (NYSE: RL) shares rose 14.34 percent to close at $133.33 after the company reported stronger-than-expected results for its fourth quarter.
Turtle Beach Corporation (NASDAQ: HEAR) jumped 13.26 percent to close at $17.34 on Wednesday. Turtle Beach S-3 showed registration for 1.857 million share common stock offering via selling holders.
Communications Systems, Inc. (NASDAQ: JCS) rose 13.18 percent to close at $3.95. Communications Systems reported establishment of special committee to explore strategic alternatives.
Immutep Limited (NASDAQ: IMMP) shares climbed 12.95 percent to close at $2.53.
xG Technology, Inc. (NASDAQ: XGTI) rose 12.64 percent to close at $0.8561 after the company&rsq
Top Energy Stocks To Watch For 2023: Insys Therapeutics, Inc.(INSY)
Insys Therapeutics, Inc., a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets Subsys, a proprietary sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant cancer patients; and Dronabinol SG Capsule, a dronabinol soft gelatin capsule that is generic equivalent to Marinol, an approved second-line treatment for chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS. Its products candidates also include Dronabinol Oral Solution, a proprietary orally administered liquid formulation of dronabinol. The company is headquartered in Chandler, Arizona.
