Expert’s Pick of the Week | 9th April, 2018

By | 12th April 2018

Experts’ Advice of the Week

BUY | HOLD | SELL     What to do?

What can you Buy or Sell? Top 7 stocks from different brokerage houses with their comments.

Yes Bank:

Research House: ICICI Securities
Advice: BUY
Market Price Rs.: 313
1 Year Target Price Rs.: 464
Potential Upside: 48%

Initiate BUY.
An excellent opportunity to play the theme of structural improvement in profitability. The growth opportunity is fairly strong given the bank’s small but growing balance sheet.


Shilpa Medicare:

Research House: Motilal Oswal
Advice: BUY
Market Price Rs.: 488
1 Year Target Price Rs.: 686
Potential Upside: 41%

Retain BUY.
Shilpa Medicare’s outlook for the US formulations business with 31 ANDAs awaiting approval, and minimal medium term regulatory risk, is promising.



Research House: Jefferies India
Advice: BUY
Market Price Rs.: 278
1 Year Target Price Rs.: 370
Potential Upside: 33%

Maintain BUY.
The downside to the stock seems fairly limited, barring some extreme condition, even after accounting for possible haircuts.


Grasim Industries:

Research House: JP Morgan
Market Price Rs.: 1095
1 Year Target Price Rs.: 1450
Potential Upside: 32%

Maintain Overweight.
The stock is trading at an all 55% holding company discount to underlying subsidiaries.

See also: Havells India Ltd – Fundamental Analysis

Motherson Sumi:

Research House: IDFC Securities
Advice: BUY
Market Price Rs.: 339
1 Year Target Price Rs.: 415
Potential Upside: 22%

Maintain BUY.

The acquisition of Reydel Automotive, a global supplier of internal polymer components such as cockpit modules, instrument panels and door panels, is EPS accretive.



Research House: HDFC Securities
Advice: BUY
Market Price Rs.: 1794
1 Year Target Price Rs.: 2150
Potential Upside: 20%

Initiate BUY.
This global leader in air coolers with 50% market share of India’s organised air cooler market will be the biggest beneficiary of the shift in market from unorganised to organised players.


Eicher Motors:

Research House: SBI Caps
Advice: SELL
Market Price Rs.: 29667
1 Year Target Price Rs.: 22700
Potential Upside: -23%

Reiterate SELL.
A sharp moderation in volume growth guidance is a clear reflection of its weakening underlying demand trends and growing brand fatigue.

You might like this: Market Gossips For The Week Of 26 March – 30 March, 2018

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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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