Top 2 Stocks from Brokerage House for Short term

By | 21st April 2018

Top 2 Stocks from Brokerage House for Short term

Axis Capital on IndusInd  Bank

CMP : Rs. 1818.25

Rating : BUY

Target : Rs. 2060

Upside : 13.29%

Rationale :

  • Q4FY18 results were in line following the strong growth in advances and stable margins.
  • FY16-17 net divergence was miniscule.
  • Loan growth remains strong at 28% and expects growth in vehicle segment to pick up too.
  • Keep your eyes on the bank’s acquisition talks.

See also: ARE YOU ACTING ON SMS TIPS? PUMP & DUMP STOCKS?

Emkay on Bajaj Electricals

CMP : Rs. 641

Rating : BUY

Target : Rs. 2060

Upside : 12.79%

Rationale :

  • Bajaj Electricals secured two large orders worth Rs. 30bn recently in rural electrification segment.
  • Order book has increased by 150% to Rs. 50bn which will be executed over the next 2 years.
  • Raises earnings forecast by 12% for FY19-20 considering large orders.
  • As said by the management, the margins on these orders are on the expected lines.
  • So, expect EPS to rise by 50% in FY19 and 31% in FY2.
  • Catalyst to Bajaj Electricals are new order wins and accelerated growth in the consumer business.

You might like this: 3 Stocks For Bottom Fishing | Gain Up To 178%

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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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