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You are here: IndiaNotes >> Market Insights - 28 Oct 2015 >>Jagran Prakashan: Add on declines for 50%-60% returns - Market Insights Newsletter
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Welcome to Market Insights.

In this edition, we have Mr. Sanjay Chhabria recommending to accumulate Jagran Prakashan at current levels and to add at current levels. Meanwhile, Mr. Nooresh Merani gives us a quick update on benchmark indices citing Nifty and Bank Nifty in down channel but midcaps witnessing an uptrend. At the same time, Nirmal Bang recommend investors to invest in Veto Switchgears and leverage a 48% upside potential. Closing the call, SMC recommends Zee Entertainment and Bajaj Corp for the respective upside potential the two companies hold. Lastly, Mr. Amit Goel analyses the overall economy and cites the huge wave of global "risk on" getting over. In the personal finance section, we have a featured post highlighting 6 easy ways to kickstart a child's future with methodical investments.

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Nifty and Bank Nifty in Down Channel but Midcaps in Uptrend

Giving a quick update on benchmark indices, Mr. Nooresh Merani says that till the time we do not see a fresh uptrend in Nifty beyond new highs above 8400/8650, there could be a lot of consolidation with stock specific action in midcaps/smallcaps.

Read the analysis by Mr. Nooresh Merani

Jagran Prakashan: Accumulate at current levels and add on declines for 50%-60% returns
Mr. Sanjay Chhabria is advising investors to start accumulating Jagran Prakashan at current levels and add more on declines for decent returns of 50%-60% over the next 8-12 months. He highlights strength in local advertising, increased circulation in key geographies and renewed thrust on rural areas as the positives for the company.

Veto Switchgears: Buy for an upside potential of 48%
According to Nirmal Bang, the base business of the company is expected to grow at CAGR of 20% for next 2-3 years based on outside Rajasthan expansion. Besides, the group is consolidating the business and thus trying to bring some associate companies business under the purview of listed company. Moreover, it can get multiple of 12x easily and success in the planned strategy would further re-rate the stock.

Fundamental picks: These stocks have an upside of 20% and 24% respectively
SMC is recommending Bajaj Corp for the next 10-12 months on an expected P/E of 26x and FY17 (E) earnings of Rs 20.20, while citing the good cash on hand and zero Debt it already enjoys. Similarly, they are also recommending Zee Entertainment for the next 8-10 months on a current P/E of 39.18x and FY17 (E) earnings of Rs 13.29, while citing the potential benefits the Media industry will reap from the improved environment through higher advertisement and subscription revenue.

The Huge Wave of Global "Risk On" is Over
According to Mr. Amit Goel, the world has changed twice in last three months. There was a complete state of panic among all market participants in August end and September beginning and while everybody was waiting for the next round of panic, we sensed a huge opportunity.

Featured post for today
For any parent, securing a stable future for your child is surely their highest priority and an instinctive desire that's hard to ignore. A lot of parents nowadays have realised the importance of saving and investing for their children as early as possible.

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