Today, we recommend two stocks, one from the wires and cable sector and another from the transport services sector, recommended by the Trade Brains Portal, to buy for an upside potential of more than 24%. We also analyzed the market’s performance on Tuesday to understand what may lie ahead for the stock indices in the coming days.
Finolex Cables Ltd
- Current price: ₹ 931.00
- Target price: ₹ 1,150
- Upside: 24%
- Time frame: 16-24 Months
Why it’s recommended: The company was established in 1958 and is one of the nation’s leading and most diversified manufacturers of electrical and telecommunication cables. As market demands are evolving, the company expanded into the fast-moving electrical goods (FMEG) sector, positioning itself as an all-around electrical solutions provider. Wires and cables, fans, water heaters, switches, switchgear, room heaters, irons, lighting, conduits and fittings, and smart homes are among its vast product offerings. Its cables and wires include power cables, speaker cables, LAN cables, telephone cables, agricultural cables, and residential cables.
The company reported strong financial performance, with its revenue standing at Rs 1,595 crore in Q4 FY25, compared to Rs 1,401 crore in Q4 FY24, increasing by 14% YoY. For the full year, revenue stood at Rs 5,319 crore in FY25, from Rs 5,014 crore in FY24, registering a growth of 6% YoY. Profit after tax for Q4FY25 increased to Rs 192 crore from Rs 186 crore in Q4FY24. For the full year, PAT stood at Rs 701 crore in FY25, compared to Rs 652 crore in FY24, registering a growth of 7.5%. The company protected itself and navigated through significant commodity price volatility through dynamic pricing strategies. The company anticipates capex of Rs 104 crore in FY26, along with a maintenance capex of Rs 40-50 crore. The company is also establishing new plants, which will further enhance its growth.
In January 2025, the company’s e-beam project came operational. The business has introduced two product lines to the market, including its most expensive wire for building. The company also launched solar cables in February 2025. The management anticipates that these two new product lines will generate between Rs 500 and Rs 600 crore in revenue annually when operating at full capacity. Supplementary products will further add to this stream. The Indian wire and cable industry is projected to grow significantly, with its market value anticipated at USD 21.22 billion in 2025 and mounting to USD 32.85 billion by 2030, growing by 9.14% CAGR over the forecast period from 2025 to 2030.
Risk factors: The company encounters fierce competitors from both organized players like Polycab India, KEI Industries, RR Kabel, V-Guard Industries, etc., as well as from unorganized players in the industry. It is also exposed to raw material risk, as fluctuations in the prices of raw materials like copper, aluminum, and fiber optics may significantly influence the company’s input costs.
Container Corporation Of India Ltd (CONCOR)
- Current price: ₹ 745.30
- Target price: ₹ 895
- Upside: 20%
- Time frame: 16-24 Months
Why it’s recommended:
CONCOR, a “Navratna” Public Sector Enterprise under the Ministry of Railways, was established in 1988 and is a market leader in the transport services sector. It has 66 terminals overall, with 4 pure EXIM terminals, 35 combined container terminals, 24 pure domestic terminals, and 3 strategic tie-ups at various locations. The company operates three separate business operations: carrier, terminal operator, and warehouse operator. It is split into two sections, EXIM and Domestic. The company has 53,187 containers, 17,967 container wagons, five gantry cranes, 29 forklifts, 24 shunting engines, 130 LNG vehicles, and 107 reach stackers (RST).
Operating revenue was Rs 8,887 crore in FY25, up 2.7%; EBITDA was Rs 2,330 crore, up 10% year-over-year, with an EBITDA margin of 25%; and PAT was Rs 1,292 crore, up 3.5% year-over-year. The company operates under two segments, i.e., the EXIM business grew 7% year over year. The company’s domestic business grew by 12% year over year, while its market share in the EXIM category increased to 55.2%, and the business now holds a 57.6% market share in the domestic category. For the first time in its history, CONCOR surpassed the 5 million TEU threshold with its highest throughput of 5.09 million TEUs. During the fiscal year, throughput growth was around 8%.
The Board of Directors has set a capex budget of Rs 860 crores for FY26, which will be mainly utilized for the development of terminals, the acquisition of containers, and the management of information systems, or IT equipment. By 2028, the corporation wants to have 70,000 containers, 100 terminals, and over 500 rakes. According to the guidance, the EXIM business is expected to grow by 10% in FY26, while domestic growth is predicted to reach 20%. Additionally, the company has set a target to have 100 terminals by FY28 and is actively working with railroads and DFC to obtain property for an expanded terminal building.
Risk Factor:
EXIM shipments currently account for over 78% of the company’s total volumes handled, which is an exceedingly high concentration risk. Consequently, changes in global trade, which may impact shipping volumes, leads to have an impact on the company’s performance.
Market Recap, June 24th
The Nifty 50 began the day at 25,179.90, opened at a gap-up, up by 208 points or 0.8%, from the previous day’s closing price of 24,971.9. The index made a day high of 25,317.70 in the morning session and closed at 25,044.35 in the afternoon session, gaining 72.45 points or 0.29% from the start to the end of the session. The Nifty ended above all four 20/50/100/200-day EMAs in the daily chart, and RSI stood at 56.73, well below the overbought zone of 70. The BSE Sensex followed a similar trend, opening at 82,534.61 and reaching an intraday high of 83,018.16. It ended the session at 82,055.11, up by 158.32 points or 0.19%, with an RSI of 54.98, also closing above all four 20/50/100/200-day EMAs.
The Nifty PSU Bank Index was among the top gainers, closing at 6,939.1, up 99.55 points or 1.46%. Stocks like Union Bank of India, Canara Bank, Bank of Maharashtra, and Indian Overseas Bank rose as much as 3%, lifting the index. The Nifty Metal Index was also among the top gainers, adding 92.55 points or 1.01%, to finish at 9,291. Steel Authority of India was the top performer for this index, rising 3.2%, and Welspun Corp., Hindustan Copper, and NMDC surged more than 2%.
Meanwhile, the Nifty CPSE Index was among the major losers, closing at 6,565, down by 81.30 points or 1.22%. Major losers of this index, such as Oil India, which fell 5.58%, Oil & Natural Gas was down 2.97%, Cochin Shipyard down 2.94%, and Power Grid Corporation fell 1.48%, dragging the index lower.
The Hang Seng in Hong Kong surged 2.06% or 487.94 points, to 24,177.07 and closed above the 24,000 mark. South Korea’s Kospi gained 2.96% or 89.17 points, to close at 3,103.64. Japan’s Nikkei 225 climbed up 436.47 points or 1.14%, closing at 38,790.56. The Shenzhen Index rose 169.24 points or 1.68%, closing at 10,217.63, while Shanghai’s Composite Index closed in green at 3,420.57, up 38.98 points or 1.15%. Overall, the Asian markets showed a strong bullish trend after Israel accepted the ceasefire agreement proposed by the US.
Following Israel’s acceptance of US President Donald Trump’s truce offer, Dow Jones Futures was up 300.71 points, or 0.7%, recorded at 43,193.2 in US markets (at 4:59 pm). Fed Chair Jerome Powell will testify before Congress from Tuesday for two days, reaction from markets can be anticipated.
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