Breakout Stocks : Tata Elxsi, MCX, Tips Music

Breakout Stocks : Tata Elxsi, MCX, Tips Music, IRFC, Nazara Technologies, HUDCO, Mphasis, Shriram Finance, Max Estates, IEX

Tata Elxsi partners with Minespider to develop MOBIUS+, a battery lifecycle management platform

DIIs (Mutual Funds) have been adding their stake in the counter since Dec 2022 quarter.

Tata Elxsi share PE-EPS chart shows its EPS is at its all time high whereas its stock price has been languishing for almost 3 years.

MCX posts a net profit of Rs 160 crore in Q3FY25, but misses Forecaster estimates by 1%

While there is a huge growth in TTM EPS of the company, MCX share price has witnessed a correction of about 20% from its recent high.

IRFC’s net profit grows 2% YoY to Rs 1,630.7 crore in Q3, EBITDA margin falls 10 bps YoY.

The stock has seen a correction of more than 35% from its recent peak.

Tips Music’s revenue rises 19.9% YoY to Rs 77.7 crore in Q3, misses Forecaster estimates by 7.8%

Tips Music EPS has been in a steady uptrend for quite sometime now.

FIIs are showing interest in this Tips Music share. They have been raising their stake in the company for last 4 quarters consistently.

RARE Enterprises sells a 0.8% stake in Nazara Technologies in Q3FY25, now holds 7.2%

Company approves open offer by Axana Estates, Plutus Wealth Mangement and Junomoneta Finsol to acquire 26% of NAZA by way of preferential allotment; deal worth 23.82 bln rupees ($275.2 mln)
Nazara Technologies’ subsidiary Nodwin Gaming has entered into an agreement to acquire a the remaining 92.30% stake it did not already own in AFK Gaming for 75.8 million Indian rupees
NODWIN Gaming, a subsidiary of Nazara Technologies has agreed to acquire a 100% stake in Trinity Gaming India for 240 million Indian rupees

Nazara Technologies’ PE-EPS chart looks quite promising.

While the TTM EPS is near all time high, PE is near all time low.

HUDCO signs an MoU with VPPL to fund up to Rs 25,000 crore to develop new ports

Housing and Urban Development Corporation HUDCO has entered a memorandum of understanding with NBCC (India). The two companies will develop a land parcel of 10 acres, owned by HUDCO in Noida, India, to create an institutional complex. NBCC will execute the project with the scope of concept-to-commissioning.
Transport infrastructure consultancy RITES has entered into a memorandum of understanding with Housing and Urban Development Corporation to collaborate on consultancy projects and services in the infrastructure space.