Techno Electric & Engineering Company - 29% upside
Valuation: The management of the company is confident of the company's potential to expand the EPC segment on the back of capex revival, led by PGClL and SEBs, with strong visibility of traction in order book and healthy revenue due to healthy trade receivables. In FY18, the management has said that it would focus on closure of projects, which it believes will prune retention money and improve working capital cycle. Thus, it is expected that the company would see good growth going forward and the stock will see a price target of Rs461 in 8 to 10 months time frame on a one year average P/ E of 22. 34x and FY18 (E) earnings of Rs20. 63.
HT Media - 27% upside
Valuation: The company grew faster than the industry in terms of both revenue and profit. The company regained revenue growth in Print business with heightened focus on yield-led growth and tight control on costs to improve profitability. Also the company continues to drive revenue from its newly launched Radio stations. Along with all these factors, with improved Digital footprint by executing on digital strategy, the company is expected to see good growth going forward. Thus, it is expected that the stock will see a price target of Rs127 in 8 to 10 months time frame on a target P/ Eof 15x and FY18 EPSof Rs8.49.
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