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Fundamental picks: These stocks have an upside of 15% & 27% respectively

SMC | 20 Apr, 2017  | Follow Author | Add to my Favourites 
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InterGlobe Aviation - 15% upside


Valuation: With improved visibility on delivery from Pratt & Whitney (P&W) supplier of its GTF engines for A320 neos and strong domestic traffic growth, management highlighted it may increase fleet guidance of 154 planes for Mar'18. The company continues to see robust traffic growth ahead and it will continue to grow and strengthen network with a view to maximizing long-term profitability. Thus, it is expected that the stock will see a price target of 1265 in 8 to 10 months time frame on a current P/E of 21.98x and FY18 (E) earnings of 57.53.

J Kumar Infraprojects  - 27% upside


Valuation: Strong balance sheet, low debt and healthy order book would give strong base for the growth of the company. A higher capital expenditure on roads and railways would benefit the company in near term. Moreover, the government's focus on social and urban infrastructure would result healthy order pipeline for the company. Thus, it is expected that the stock will see a price target of 322 in 8 to 10 months time frame on an expected 3 year average P/E of 17.86x and FY18 (E) earnings of 18.04.

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1,208.60 +21.90
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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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