Sharekhan has identified a few top stocks in line with the key investment themes of policy push driven re-rating of construction, power and public sector undertakings, and early beneficiaries of an economic revival, like auto and financial services
READ MORE »Posts tagged ShareKhan
20 Top-Quality NAMO Stocks From Sharekhan
A thundering majority mandate to the National Democratic Alliance (NDA)-led formation under the leadership of Narendra Modi gives a fair amount of conviction that ‘Acche din aa gaye hain’ (good days are here again). Notwithstanding the near-term concerns such as a slowdown in consumption, muted industrial activity and an uncertain monsoon season amid inflationary pressures, […]
READ MORE »Selan Exploration Technology Research Report By Sharekhan
View—retain our bullish stance; revised price target to Rs700 Given the initial signs of success in this phase of development of its oil fields, we have tweaked our assumptions (though still conservative) and revising upward the target enterprise value/earnings before interest, tax, depreciation and amortisation (EV/EBITDA) multiple to 6.5x (a 10% discount to its average […]
READ MORE »Sharekhan Top Picks Reshuffled In Model Portfolio
The strong out-performance of Top Picks in January was driven by our high-conviction investment idea, Selan Exploration Technology, which has appreciated by 25.8% since the last revision of the contents of the Top Picks basket on January 1, 2014. Even after excluding the exceptionally strong gains of Selan Exploration Technology, the Top Picks basket has comprehensively outperformed the benchmark indices
READ MORE »Sharekhan’s Best Large-Cap & Mid-Cap Stocks For Investment In 2014
Sharekhan’s report identifies the best 5 large-cap and 6 mid-cap stocks worthy for investment in 2014. Each of the stocks is a dominant leader in its sector and scores well on all investment parameters
READ MORE »V-Guard Industries: Sharekhan Research Report
At the current market price, V-Guard Industries‘ stock is trading at 8.9x FY2012 earnings estimate. In its brief listing span since February 2008, V-Guard Industries has traded at an average multiple of 8x its one-year forward earnings per share (EPS). However, we feel that V-Guard Industries is poised for a re-rating due to the strong earnings growth trajectory expected in the next four years. Moreover, V-Guard Industries‘ stock is currently trading at a 30-40% discount to the valuations enjoyed by its peers like Bajaj Electricals and Havells India. We initiate coverage on V-Guard Industries with a Buy recommendation and a price target of Rs228 at 12.5x FY2012 EPS (that is a 20% discount to its peers’ current valuations on consensus FY2012 earnings estimate)
READ MORE »Kewal Kiran Clothing Company: Sharekhan Research Report
A strong brand profile, a disciplined management and a consistent track record coupled with a robust balance sheet position (cash on books at Rs90 a share) and attractive valuation (11.2x FY2012) make us bullish on the stock of Kewal Kiran Clothing Company. We initiate coverage on the stock of Kewal Kiran Clothing Company with a Buy rating and a one-year price target of Rs574 (15x FY2012 earnings, which is around 50% discount to the current valuations of the large retail companies like Titan Industries
READ MORE »IL&FS Transportation Networks / ITNL: ShareKhan Research Report
In terms of the financials, IL&FS Transportation Networks / ITNL has displayed a stupendous growth in its revenue and bottom line (CAGR of 133% and 89% respectively) over FY2007-10. Going ahead, we believe with the increase in the toll/annuity income and the new project execution the revenue and bottom line is expected to grow at a CAGR of 46% and 30% respectively over FY2010-12. Thus, we initiate coverage on IL&FS Transportation Networks / ITNL stock with a Buy recommendation. Our SOTP price target of Rs 452 provides a 25% upside from the current market level. At the current market price the IL&FS Transportation Networks / ITNL stock trades at a P/E of 12.2x its FY2012E earnings
READ MORE »PHILIPS CARBON BLACK – ShareKhan Research Report
PHILIPS CARBON BLACK is expanding its carbon black capacity by 50,000 tonne to 410,000 tonne in FY2011 to capitalise on the rising carbon black demand in India. PHILIPS CARBON BLACK also intends to foray into the Vietnamese market by setting up a plant of a capacity of 50,000 tonne. The strong demand environment coupled with the hike in the price of carbon black in the domestic market adds to our confidence about the strong growth in the earnings of PHILIPS CARBON BLACK in the future.
READ MORE »