Two stock picks OF THE WEEK: RK Forgings & TCPLPACK

MUMBAI, 13 OCTOBER: Two stock picks from Monarch Networth Capital. This week’s stocks include Ramkrishna Forgings and TCPL Packaging. Sharing the details below. Hope these are useful for you. 

Rationale: RK Forgings is transitioning from a predominantly CV-cycle-led forger into a diversified mobility and industrial platform, with PV, railways, O&G, a rebalanced export book and utilization of its 333,400MT forging and 78,600MT casting base driving the next leg of robust earnings growth. The more important change, however, is the earnings mix:  Europe currently accounts for >40% of exports, but this is expected to normalize to ~30-40% as US exports recover, railway revenue has macro tailwind and new products driving growth, machining intensity is increasing, and new PV, cold-forging and aluminum programs are broadening the addressable market. Monarch Networth Capital expects this diversification, combined with utilization-led operating leverage, to drive 20%/30%/102% Revenue/EBITDA/Adj. PAT CAGR over FY26-29E, supported by EBITDA margin expansion (from 15.2% to 19.5%) and end of capex cycle driving deleveraging.

Rationale: TCPLPACK is showing bullish momentum after finding support at ₹3,650–₹3,750. The golden crossover, anchored VWAP support, RSI above 60 and bullish MACD crossover reinforce the technical setup. The supplied analysis identifies a ₹4,150–₹4,280 buying zone, ₹4,900–₹5,300 targets over 3–4 months and a closing-basis stop loss below ₹3,600.

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો. વધુમાં અત્રે પ્રગટ થયેલા કોઇપણ સમાચાર કે વિગતો સાથે businessgujarat.in અંશતઃ કે સંપુર્સણપણે સહમત નથી.)