Four Express Stock Ideas From IIFL

IIFL has a good track record on the subject of “express” stock ideas for short-term investment. Now, they have identified four stock ideas that they claim will give good profit in the short-term

(1) Express Idea: Lumax Auto Technologies – BUY
CMP Rs200, Target Rs245, Upside 22.5%

– Big beneficiary of domestic auto demand revival

– Diversified product base

– Technological tie-ups with global leaders

– Strong financials and attractive valuations

Click here For the detailed report on the same.

Flat 35% off or more on Shoes (Adidas, Nike, Puma, Fila etc)

(2) Express Idea: India Cements Ltd – BUY
CMP Rs116, Target Rs150, Upside 29.3%

– Return of the up-cycle; worst over for ICEM

– Operating efficiency to witness improvement

– Valuation appears appealing at 7.8x FY17E; Recommend BUY

Click here For the detailed report on the same.

(3) IndusInd Bank – Call Success & Update
Reco Price Rs551, Previous Target Price Rs605, New Target Price Rs811

We had extended our 9-12 month price target on IndusInd Bank to Rs605 in the Call Update (on various stocks) released on May 16, 2014. The stock breached the target in yesterday’s closing trades registering 10% return from our recommended price of Rs551. With IndusInd Bank offering the best growth-profitability trajectory in the industry, we believe its valuation would re-rate towards 3x FY17 P/ABV over the longer term. The bank’s RoA is set to expand and reach 2% by FY17 aided by NIM expansion, marginal improvement in cost/income ratio and moderation in credit cost. Improvement in inherent profitability would drive a higher-than-balance sheet earnings CAGR of 29% over FY14-17. In our recent thematic report on large caps: Size Matters! – 12 Bluechips to ride on released on August 27, 2014 we have given a 24-month price target on IndusInd Bank of Rs811.

Click here For the detailed report on the same.

(4) Idea Cellular – Call Success & Update
Reco Price Rs147, Previous Target Price Rs170, New Target Price Rs200

We had maintained BUY reco on Idea Cellular in our Q1 FY15 result update dated July 23, 2014 with a revised target of Rs170. The stock reached our target in today’s trading session translating in to a gain of 16%; we advise investors to hold on to the stock with revised 9-12mth target of Rs200 on the back of sustained data growth visibility and robust execution even as elevated renewal payouts remain the key risk in the near term.

Click here For the detailed report on the same.