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You are here: IndiaNotes >> Market Insights - 03 August 2016 >> Are NBFC stocks in for a good time soon? - Market Insights Newsletter
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Welcome to Market Insights.

In this edition, we have Dynamic Levels recommending Pricol, and Rudra Shares recommending Greaves Cotton. We also have SMC recommending TVS Motor and Dewan Housing Finance on fundamental grounds, and Voltas and Zee Entertainment on technical grounds. Lastly, we have Dynamic Levels commenting on whether NBFC stocks are in for a good time soon.

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Buy Pricol, the company on its way to achieve Rs. 3000 cr revenue by 2020

According to Dynamic Levels, Pricol on the back of robust revenue growth led by strong order book expects good momentum in FY17 and the years to come. It is targeting a revenue growth of 20%-25% in next few years. It has also restructured their cost to increase the profitability. Ultimately, Pricol plans to become one of the leading automotive solutions provider in the world by establishing two greenfield projects and making overseas acquisitions.

Click here to read the article by Dynamic Levels

Fundamental picks: These stocks have an upside of 46% & 19% respectively
According to SMC, TVS Motor is expected to gain market share and increase profitability from the second half of the year. Similarly, Dewan Housing Finance is also likely to maintain its track record of financial and operating performance. SMC are thereby recommending both the companies for 8-10 months.

Buy Greaves Cotton: The Dark Horse
According to Rudra Shares, Greaves has a strong distribution channel and service network which can be utilized to serve customers of other brands & can reap an opportunity to create value. While recommending investors to buy Greaves, they are also estimating the share price of the company as per P/E valuation, considering P/E at 25x on FY17E EPS at Rs 8.75 for the next 2-3 years tenure.

Technical Calls: Buy Voltas and Zee Entertainment
SMC are recommending investors to buy Voltas in the range of 338-343 levels placing stop-loss of 327 levels, and Zee Entertainment in the range of 492-496 levels placing strict stop-loss of 480 levels.

Epic Story - The Rise of NBFC Stocks
According to Dynamic Levels, while shares of several banks have been hit due to growing pressure in corporate loan book, NBFCs have seen their shares outperform. Also, areas like that of project finance have kept banks preoccupied with recognition and resolution of these NPLs. This entire thing put together gives a foresight that NBFC stocks are in for a good time soon and if everything goes right, they will hold on to it for a long-long time.

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