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Welcome to Market Insights.
In this edition, we have Firstcall India Equity recommending two scrips viz. a 'AAA' rated housing finance company for mid to long term investment and a leader in medical innovation, and SMC recommending Bank of Baroda and Jagran Prakashan for a horizon of 8-10 months. In addition to that, Way2wealth give technical justifications to support their 'buy' call for Jubilant Foodworks, Gruh Finance and TCS. Lastly, for investors looking for a scrip with 30% upside potential, Hem Securities recommend a commercial vehicle manufacturer. As usual, we also have a technical query answered by our experts in the 'Ask an Expert' section.
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|Hem Securities recommend a commercial vehicle manufacturer for 30% upside potential|
|Hem Securities believe that the company is trading at an attractive valuation at 31.42x and 24.98x of FY16EPS of Rs.36.60 and FY17EPS of Rs.46.04. They have thereby initiated a 'Buy' on the stock with a target representing an appreciation of about 30% for mid- to long-term investments.
|Fundamental picks: These stocks have an upside of 20% & 19% respectively|
|SMC is recommending investors to invest in Jagran Prakashan and Bank of Baroda keeping a time-frame of 8-10 months. According to SMC, Jagran Prakashan has gained strong foot print in the media and communications space, and is expected to benefit from the expansion in regional language newspaper readership and growth in ad revenue. Similarly, Bank of Baroda is witnessing a pickup in the investment cycle, higher growth in retail & SME segments, healthy fee income growth, and growth in CASA, which would lead to a rebound in RoAs.
| Authors whose contributions have been included in this edition: Firstcall India Equity, Hem Securities, Way2wealth, and SMC
Stocks discussed in this edition: Indiabulls Housing Finance, Apollo Hospitals, SML Isuzu, Bank of Baroda, Jagran Prakashan, Jubilant Foodworks, Gruh Finance, and TCS
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|Weekly Equity Picks: Jubilant Foodworks, Gruh Finance and TCS|
|According to Way2wealth, TCS has been witnessing a weekly candlestick resembling 'Bullish Hammer' Japanese candlestick pattern, and occurrence of such pattern at important support indicates further strength in the stock. For Gruh Finance, the daily chart formed 'Channel' formation; and last week the stock managed to break the channel formation, the daily price hugged the upper band of 'Bollinger Band' indicator, and hence the stock is well poised to move upward on the higher degree charts. Jubilant Foodworks has maintained its 'Higher Top Higher Bottom' formation along with 'Upward Sloping Trend line' support in the weekly chart. Way2wealth is thereby recommending investors to invest in Jubilant Foodworks, Gruh Finance and TCS.
|Firstcall recommend a leader in medical innovation for mid to long term investment|
|According to Firstcall India Equity, for more than 30 years, the hospital group has continuously excelled and maintained leadership in medical innovation, world-class clinical services and cutting edge technology. The company's hospitals are consistently ranked amongst the best hospitals globally for advanced medical services and research.
|Featured Technical Call for today by 5WaveProfit
BUY YESBANK NEAR 728 SL 702 TGT 780 (in 3-5 trading days)
|Ask an Expert - An answer to your question is just an e-mail away!|
|One of our readers and an active investor was holding 25 shares of Axis Bank @ 375, 100 shares of SBI @ 300, 110 shares of ICICI Bank @ 340, and 20 shares of YES Bank @ 600. He had approached our experts seeking advice on exiting some of the stocks and adding in other stocks. As always, Rakesh Rathod was prompt enough to respond to him and calm his concerns.
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