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

Fundamental picks: These stocks have an upside of 17% & 21% respectively

SMC | 08 Aug, 2017  | Follow Author | Add to my Favourites 
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Reliance Infrastructure - 17% upside

 

Valuation: The Management made a strong case that with strong execution capabilities, low incremental capex, high revenue-to-capex intensity defence business can turn into a strong pillar for the company, going forward. Thus, it is expected that the stock will see a price target of 618 in 8 to 10 months time frame on a target P/E of 11x and FY18 (E) EPS of 56.14.


GNFC - 21% upside

 

Valuation: The company has healthy debt equity ratio with a plan to zero debt in current fiscal and Net Worth is also increasing gradually. Moreover, it has developed requisite expertise and confidence with proven project management competencies. Thus, it is expected that the stock will see a price target of 364 in 8 to 10 months time frame on a target P/Bv of 1.35x and FY18 (BVPS) of 269.41.

 


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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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.



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