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You are here : IndiaNotes >> Research & Analysis >> Companies >> Godrej Industries Ltd. >> Research

Fundamental picks: These stocks have an upside of 16% & 15% respectively

SMC | 21 Mar, 2017  | Follow Author | Add to my Favourites 
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Godrej Industries - 16% upside

 

Valuation: The management expects in FY18, implementation of GST would provide strong momentum for a much better economic environment and stronger consumer demand. Going forward, through its CREATE strategy, the company would continue to strengthen its position in all its core businesses while fostering an inspiring place to work. Thus, we expect the stock to see a price target of Rs594 in 8 to 10 months time frame on a target P/ Eof 41x and PY18 (E) earnings of Rs14. 48.


Kalpataru Power Transmissions - 15% upside

 

Valuation: The company has achieved a very healthy growth on both revenue and profitability. It has been achieved by cost control measures and efficient working capital management. Management is confident to maintaining healthy growth in Q4 and next year, based on current order book visibility. JMC has improved on margins in the current year with focus on productivity and cost management. Thus, it is expected that the stock will see a price target of Rs329 in 8 to 10 months time frame on target P/ E of 29x and FY18 (E) earnings of Rs11.35.



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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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