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You are here: IndiaNotes >> Market Insights - 02 November 2016 >> Buy Tanla Solutions for 27% upside potential - IndiaNotes.com Market Insights Newsletter
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Welcome to Market Insights,

Before beginning with this edition, we would like to thank all the brokers and individual analysts, who shared with us their recommendations for Diwali 2016. We hope these recommendations, which were included in our previous edition, proved beneficial for our readers. In this edition, we have Dynamic Levels discussing whether the Indian telecom sector can grow further and beyond by 2020. In technical recommendations, we have Way2wealth recommending positional traders to buy GATI placing strict stop-loss at 92.50. In fundamental recommendations, we have HDFC Securities recommending Trigyn Technologies, Dynamic Levels recommending the only Indian company to feature among the Top-10 global tile manufacturing companies, and Rudra Shares recommending Tanla Solutions.

 

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Trigyn Technologies: Buy at CMP & add on declines for 2-3 quarters

According to HDFC Securities, at the CMP of Rs 116 the Trigyn Technologies stock trades at 6.3x of FY18E EPS. We feel investors could buy the stock at the CMP and add on dips to Rs. 93-102 band for sequential targets based on 7.5x of FY18E EPS and 9.5x of FY18E EPS in 2-3 quarters.

Click here to read the article by HDFC Securities


Dynamic Levels recommend a tile manufacturer for a target of 740
According to Dynamic Levels, the said tile manufacturer happens to be the only Indian company to feature among the Top -10 global tile manufacturing companies truly living upto the Government's 'Make in India' call. Recommending the stock for a target of 740, they believe that the company has made its mark in the global business village.

Tanla Solutions: Buy for a target implying an upside potential of 27%
While recommending a BUY on Tanla Solutions, Rudra Shares believe that strong Q2 results, expansion plans, and positive growth outlook in AZP market combined with expectation that the company beat guidance would enhance the profitability and long term economic viability of Tanla Solutions in coming years.

Technical Tip: Buy GATI at 149 with stop-loss of 92.50
According to Way2wealth, GATI has been in a long and a protracted uptrend since October 2013. They believe that the stock is in a process of forming an Inverse Head & Shoulder pattern and currently the right shoulder is in making. The said pattern is a reversal pattern however it will be confirmed once it surpassed its previous weekly swing high of 189. They are thereby advising positional traders to buy this stock at current level placing strict stop-loss at 92.50.

Indian Telecom Sector to Grow Further and Beyond by 2020
According to Dynamic Levels, while GSMA's latest projection foresees India having 1 billion unique mobile subscribers by 2020, all the telecom giants of the country such as Bharti Airtel, Idea Cellular, Vodafone, RCOM, Reliance Jio etc have been trying to grab the market. This race between the giants is expected to be beneficial for the masses.

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