Dynamic Levels are sharing with us the Support and Resistance levels for their top-10 multi-bagger stocks for 23 March'17. They include Muthoot Finance, Motilal Oswal Financial Services, Sundram Fasteners, Surya Roshni, Navin Fluorine International, ...
SMC are recommending Godrej Industries, Kalpataru Power Transmissions on fundamental grounds for a tenure of 8-10 months. They are also sharing with us the targets for both the scrips, which imply an upside potential of 16% and 15% respectively.
We believe Cadila is well positioned to leverage the volume-driven growth in the domestic pharma space given its new product launches, penetration into tier II towns & increasing sales force productivity.
We expect premium valuations to sustain given strong growth and limited options to play organised retail story in India. We value the stock at 38x Sept'19 and arrive at an 18-month price target . We initiate coverage with a BUY rating.