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

Fundamental picks: These stocks have an upside of 23% & 15% respectively

SMC | 18 Jan, 2017  | Follow Author | Add to my Favourites 
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Trident - 23% upside


Valuation:
With major capex behind, a strong financial performance in the coming years will enable to generate significant free cash flows, which it believes will create tremendous value for all its stakeholders. The company has plans to continue to target new markets to diversify customer base geographically leverage existing customer relationships to ramp-up Bed-Linen marketing. Thus, it is expected that the stock will see a price target of Rs74 in 8 to 10 months time frame on a target P/ E of 9x and FY18 (E) earnings of Rs8. 2.


Indian Hume Pipe Company - 15% upside


Valuation:
The company is one of the few pipe companies to have a recognized R&D division which is responsible for implementing a strict and uniform quality control process on all its manufacturing units. Thus, it is expected that the stock will see a price target of Rs434 in 8 to 10 months time frame on a target P/ E of 21x and FY18 (E) earnings of Rs20. 65.


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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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