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Fundamental picks: These stocks have an upside of 15% & 22% respectively

SMC | 17 Jul, 2017  | Follow Author | Add to my Favourites 
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L&T Technology Services - 15% upside


Valuation: The management of the company expects robust growth prospects and a good visibility of its pipeline in Transportation, Telecom and Hi-Tech and Industrial Products segments. It has a healthy pipeline of deals for the next two quarters and is seeing increased industry demand for its solutions. Further, for FY 2018 the company is confident of double digit growth without taking account benefits of acquisitions. Thus, it is expected that the stock will see a price target of 884 in 8 to 10 months time frame on a target P/Ex of 18x and FY18 EPS of 49.11.

Apar Industries - 22% upside


Valuation: The company has strong presence in domestic power sector. The outlook for transmission sector looks promising due to various government initiatives. The conductor business is seeing significant increase in sales, which would contribute to the overall margins of the company. Company's margins from cables segment will increase in the coming quarters due to a higher demand for power and elastomeric cables. Thus, it is expected that the stock will see a price target of 968 in 8 to 10 months time frame on a one year average P/E of 18.85x and FY18 (E) EPS of 51.37.

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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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