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You are here: IndiaNotes >> Market Insights - 14 January 2015 >> Top picks 2015: Axis Bank, buy for an upside of 34% - Market Insights Newsletter - Market Insights Newsletter
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Welcome to Market Insights.

With the India Inc Q3 results update commencing, we have SMC offering investment advice on Axis Bank which is also one of their top picks for 2015. Securities provide market analysis on Nifty for the week. Firstcall India Equity offers investment advice for medium to long term. Eastern Financiers provide detailed analysis on Phillips Carbon Black and recommend investors to buy the stock at CMP with a target price of 203. Lastly, we have Bank Bazaar providing financial checklist for 2015

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Top picks 2015: Axis Bank, buy for an upside of 34%

With the healthy pace of branch expansion leading to a robust distribution network continues to be the driving force for the bank's retail business. It is expected that the stock may see a price target of Rs.663 in 8 To 10 months time frame on current P/BV of 3.04x and FY16 (E) BVPS of Rs. 218.1

Read on to find out the investment rationale for the company

Nifty: Lackluster rises in the market
Overall trend wise index remains in a downtrend and the lower top of 8450 would act as stiff resistance. The possible targets for short term based on the current price developments are 7960 – 7700 levels.

CESC: Buy for medium to long term investment
At the current market price of Rs. 689.85, the stock P/E ratio is at 11.51 x FY15E and 10.05 x FY16E respectively. Investors are recommended to buy the stock for a price target of Rs.773.00 for medium to long term investment.

Phillips Carbon Black: Witnessing improvement in domestic and international markets; buy
Mastek's corporate action is likely to enhance the overall valuation of the company. For Meghmani Organics, the current valuations are significantly below 7.5x global peer average. Indianivesh gives a buy rating for both the stocks.

Start ticking your financial checklist for 2015
2015 has rung in a brand new year and yet there is still a lot to wrap up; credit card statements, travelling plans, taxes, gifts purchasing, parties and much more. This is also a great time to reflect on your year’s mistakes that left you with an empty wallet, and this year’s resolutions.

Featured Technical Call for today by Manu Consultant
Nifty Future: Support at 8320-8270 and Resistance at 8380-8420

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