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Fundamental picks: These stocks have an upside of 29% & 27% respectively - IndiaNotes.com
Fundamental picks: These stocks have an upside of 29% & 27% respectively
SMC | Published: 11 Sep, 2017  | Source : IndiaNotes.com

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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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.
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