Amar Ambani’s Stock Picks Give Huge Returns. He Promises More Gains

Strides Arcolab – Call Success & Update
Reco Price Rs830, Previous Target Price Rs920, New Target Price Rs1,020

We had retained BUY on Strides Arcolab in our call update dated November 28, 2014 for a target of Rs920. The stock has surpassed our target delivering a ~35% return in less than a month. We remain positive on the stock on the back of Sovaldi opportunity and advise clients to remain invested with revised 9-12mth target of Rs1,020.

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Tourism Finance Corp Ltd – Call Success & Update
Reco Price Rs60, Previous Target Price Rs70, New Target Price Rs80

We had extended 9-12 month price target on Toursim Finance Corp (TFCIL) in Call Update dated November 19, 2014. The stock has breached the target of Rs70 in today’s trade registering 17% return. We remain extremely upbeat on the stock and expect further upside in the edium term. Our interactions with the management has re-inforced our confidence that company will deliver improved growth and sustain its high profitability in the coming quarters. Inspite of the recent sharp rally in the stock price, valuation remains attractive at 1.1x FY16 P/ABV on our conserative assumptions. We extend our price target to Rs80.

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Eicher Motors – Call Success & Update
Reco Price Rs13,159, Previous Target Price Rs15,350, New Target Price Rs17,000

We had recommended a BUY on Eicher Motors in Q3 CY14 result update released on November 13, 2014 with a price target of Rs15,350. The stock surpassed our target in todays trading session. We advise investors to hold the stock for an extended target of Rs17,000. We remain positive on both major businesses of Eicher Motors ie Royal Enfield and VECV. Royal Enfield with a near monopoly like market share in the leisure motorcycle segment will continue to see strong growth given 1) lower penetration of the segment in the two wheeler market, 2) expected increase in disposable income over the next couple of years and 3) favorable demographics with rising proportion of youth in the overall population. CV industry is also expected to see continued momentum as 1) a stable government would ensure implementation of infrastructure projects, 2) mining issues getting resolved gradually and 3) a low base given weak CV sales over the last couple of years.

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