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  • Atul Ltd

    Invest Now

    Our View

    Buy

    Target Price

    3,590.00

    Reco Price

    2,965.00

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    Atul Limited (Atul) is an integrated chemicals company having a diverse product portfolio across various business segments. Atul has executed major capex activity of ~Rs360cr over last three years. We expect the company to focus on ramping up the utilization levels of newly commissioned plants....More

  • Tata Steel Ltd

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    Our View

    Buy

    Target Price

    932.00

    Reco Price

    754.00

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    Tata Steel has been stuck in a consolidation phase and has gone through a healthy price correction in the past eight weeks. During this phase, the stock corrected by ~10%, falling from its previous peak of Rs735 hit on October 30, 2017 to lows of...More

  • TVS Srichakra Ltd

    Invest Now

    Our View

    Buy

    Target Price

    4,245.00

    Reco Price

    3,550.00

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    TVS Srichakra Limited has given a strong recovery by forming a bullish Doji Candlestick on daily chart. The stock has also managed to breach its Declining Trend-line resistance and is currently on a verge of giving a possible Cup and Handle chart pattern breakout. Currently,...More

  • Skipper Ltd

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    Our View

    Buy

    Target Price

    352.00

    Reco Price

    278.00

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    PDF

    Skipper is an attractive play on power transmission investment in India as increasing spends on intra state transmission lines is expected to benefit structure players. It derives ~84% of its revenue from engineering products segments which caters to such requirements....More

  • Jindal Stainless (Hisar) Ltd

    Invest Now

    Our View

    Buy

    Target Price

    268.00

    Reco Price

    222.00

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    The stringent import duties on stainless steel products has been a boon for domestic producers. JSHL is one of the leading manufacturers of stainless steel and is well placed to take the advantage of consumption shifts from imported to domestic sources. The company is likely...More

  • Trent Ltd

    Invest Now

    Our View

    Buy

    Target Price

    416.00

    Reco Price

    340.00

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    Trent is well poised to tap the retail opportunity in India (retail industry to reach US$ 1.3 trn by 2020) given its dominance in Women’s apparel (Westside and Zara), restructuring of Star Bazaar business and focus on private labels. We expect sales and PAT to...More

  • Indian Bank

    Invest Now

    Our View

    Buy

    Target Price

    505.00

    Reco Price

    412.00

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    Indian Bank’s return ratios are the best among PSBs. The RoA and RoE of the bank for FY19E is projected at 1% and 13.1% respectively against peers i.e. Union Bank and Canara Bank (RoA/RoE for FY19E stands at 0.4%/8.2% and 0.33%/6.1% respectively). Despite higher return...More

  • Jindal Steel & Power Ltd

    Invest Now

    Our View

    Buy

    Target Price

    213.00

    Reco Price

    172.00

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    The revival of the steel cycle in China would lead to firm steel prices globally. JPSL is well placed to take advantage of the better pricing environment as its plant in Angul is poised ramping up production which would translate to a volume growth of...More

  • Oberoi Realty Ltd

    Invest Now

    Our View

    Buy

    Target Price

    494.00

    Reco Price

    414.00

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    Oberoi Realty is trading in a strong higher top higher bottom chart structure. Analyzing the longer time frame, on weekly chart, the stock has given a strong recovery from its recent low of ~ Rs 335 by forming a bullish hammer candlestick chart pattern. The...More

  • Manappuram Finance Ltd

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    Our View

    Buy

    Target Price

    139.00

    Reco Price

    108.00

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    The stock has been oscillating within the ascending triangle pattern for almost 12 months during which the stock held on to its upward sloping support line since December 2016. On the upside, Manappuram attempted to breach the Horizontal Resistance trendline in July 2017, but the...More

  • Sintex Plastics Technology Ltd

    Invest Now

    Our View

    Buy

    Target Price

    147.00

    Reco Price

    108.00

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    Sintex Plastic Technology (SPTL) is expected to post strong FCF growth on account of 1) lower focus on w/c intensive monolithic business, 2) asset light route (outsourcing) for retail custom molding business and 3) cost benefits arising out of shifting of production of low value-add...More

  • Pidilite Industries Ltd

    Invest Now

    Our View

    Buy

    Target Price

    997.00

    Reco Price

    836.00

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    PDF

    Pidilite Industries Ltd has been stuck in a narrow trading range for the past 10 weeks. This consolidation phase saw the stock gyrating in a 55 point trading range. After taking a pause from June to August 2017, Pidilite has finally seen a price outburst...More

  • CESC Ltd

    Invest Now

    Our View

    Buy

    Target Price

    1,172.00

    Reco Price

    957.00

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    PDF

    CESC is demerging its business segments into four separate entities: Power generation, Power distribution, Retail and CESC ventures. CESC’ power distribution will be the first listed Power Distribution Company and is expected to earn steady ROE of ~15-16%. We expect power generation business to do...More

  • Jain Irrigation Systems Ltd

    Invest Now

    Our View

    Buy

    Target Price

    130.00

    Reco Price

    98.00

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    Jain Irrigation is currently the world’s 2nd largest and India’s largest micro irrigation company. For the Company, three major revenue contributing divisions are Hi-tech agri input products (~50%), plastic (~30%), and agro processing (~19%). Strong outlook for all its business divisions, steady growth in EBITDA...More

  • Tata Investment Corporation Ltd

    Invest Now

    Our View

    Buy

    Target Price

    949.00

    Reco Price

    790.00

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    PDF

    Tata Investment corp. is trading in a strong higher top higher bottom chart structure. Analyzing the shorter time frame, on daily chart, the stock has given a Triangle breakout. Tracking the recent trading activity, the stock is continuously forming long positions with a rise in...More

  • Page Industries Ltd

    Invest Now

    Our View

    Buy

    Target Price

    20,440.00

    Reco Price

    17,448.00

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    PDF

    Page Industries (Page Ind) has been in a wide trading band of Rs 9500 to Rs 16500 since June 2015. In early March 2016, Page Ind hit a low of Rs 9,752 and later made a higher low of Rs 12,387 in November 2016 creating...More

  • Persistent Systems Ltd

    Invest Now

    Our View

    Buy

    Target Price

    809.00

    Reco Price

    680.00

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    PDF

    Persistent with its IBM alliance and growing digitization business is the best bet in the niche IoT segment in the mid-cap space. We believe the company's timely shift of focus on IP and Digital will help it weather the changing dynamics in its traditional Services...More

  • Colgate-Palmolive (India) Ltd

    Invest Now

    Our View

    Buy

    Target Price

    1,320.00

    Reco Price

    1,081.00

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    PDF

    Colgate Palmolive (COLPAL) was stuck in a trading range for the past 24-months. Our analysis of weekly charts suggests that the stock has created a contracting wedge. This pattern usually forms during an uptrend as a continuation pattern. With COLPAL's primary trend being upwards, we...More

  • GIC Housing Finance Ltd

    Invest Now

    Our View

    Buy

    Target Price

    714.00

    Reco Price

    563.00

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    PDF

    We forecast net profit CAGR of ~32% over FY17-FY19E to ~Rs 258 cr. Given these positives, we value the stock at 2.7x on FY19E P/BV. We have a BUY rating on the stock with the target price of Rs 714 over next 12 months....More

 
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