Expert’s Pick of the Week | 23rd April, 2018

Experts’ Advice of the Week | 23rd April, 2018

BUY | HOLD | SELL     What to do?

What can you Buy or Sell?

Top 7 stocks from different brokerage houses with their comments.

Vedanta:

Research House: JP Morgan
Advice: Overweight
Market Price Rs.: 312
1 Year Target Price Rs.: 415
Potential Upside: 33%

Maintain Overweight.
The acquisition cost of electro steel, particularly based on the expanded capacity of 2.5 MT, is attractive for an existing steel plant.
See also: ALEMBIC PHARMACEUTICALS LIMITED – FUNDAMENTAL ANALYSIS

Future Supply Chain:

Research House: Edelweiss Fin.
Advice: Buy
Market Price Rs.: 696
1 Year Target Price Rs.: 862
Potential Upside: 24%

Initiate Buy.
It will clock 36% CAGR both in revenue and profit after tax between 2017-18 and 2019-20 with strong return on equity and return on capital employed of 21% and 36% respectively.

Matrimony.com:

Research House: Angel Broking
Advice: Buy
Market Price Rs.: 805
1 Year Target Price Rs.: 984
Potential Upside: 22%

Initiate Buy.
Matrimon’s entry into marriage services industry is a big opportunity to organise and cate to this fragmented market.

Entertainment Network:

Research House: HDFC Securities
Advice: Buy
Market Price Rs.: 695
1 Year Target Price Rs.: 827
Potential Upside: 19%

Initiate Buy.
Led by economic tallwinds, higher utilisation and price increases. It will register revenue and earnings CAGR 15% and 47% respectively, between 2017-18 and 2019-20.

Cyient:

Research House: IDBI Capital
Advice: Buy
Market Price Rs.: 648
1 Year Target Price Rs.: 764
Potential Upside: 18%

Retain Buy.
Cyient plans to utilise the expected improvement in operating profit margin on new products and services. It will help it accelerate its double digit growth in the long term.

See also: Rain Industries| CMP INR 366.90 | Target INR 800 | Double The Money Target
Avenue Supermarts:

Research House: IIFL
Advice: Reduce
Market Price Rs.: 1484
1 Year Target Price Rs.: 1200
Potential Upside: -19%

Maintain Sell.
With peers likely to remain aggressive on customer acquisition, expect growth to be lower than peers, but focus on profitability should limit the adverse impact on its balance sheet.

ACC:

Research House: Ambit Capital
Advice: Sell
Market Price Rs.: 1574
1 Year Target Price Rs.: 1405
Potential Upside: -11%

Retain Sell.
ACC’s capacities are already running at high capacity utilisation levels, giving it limited headroom to grow volumes.

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Disclaimer:

My descriptions, videos, presentations are only for educational and information purposes and under no circumstances should be used for making investment decisions. I cannot guarantee the accuracy of any information provided.
The stocks picks are based on my own research and personal views and sometimes are from newspapers, tv channel program, magazines, etc. No part of compensation is or will be directly or indirectly related to the views and recommendations of this research. I have not served as an officer director or employee of the company and have not been engaged in the market – making the activity of the company covered in the research report. Consult qualified financial advisor before making any investment decision.

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