L&T Technology Services - 15% upside
Valuation: The management of the company expects robust growth prospects and a good visibility of its pipeline in Transportation, Telecom and Hi-Tech and Industrial Products segments. It has a healthy pipeline of deals for the next two quarters and is seeing increased industry demand for its solutions. Further, for FY 2018 the company is confident of double digit growth without taking account benefits of acquisitions. Thus, it is expected that the stock will see a price target of 884 in 8 to 10 months time frame on a target P/Ex of 18x and FY18 EPS of 49.11.
Apar Industries - 22% upside
Valuation: The company has strong presence in domestic power sector. The outlook for transmission sector looks promising due to various government initiatives. The conductor business is seeing significant increase in sales, which would contribute to the overall margins of the company. Company's margins from cables segment will increase in the coming quarters due to a higher demand for power and elastomeric cables. Thus, it is expected that the stock will see a price target of 968 in 8 to 10 months time frame on a one year average P/E of 18.85x and FY18 (E) EPS of 51.37.
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