The market started consolidation after recent sharp fall, as investors look for triggers after pricing in geopolitical tensions and Infosys crisis.
Here are five picks from HDFC Securities that can give up to 38%:-
Coal India | Rating Buy | Target Rs 300, CMP Rs 238 | Upside 26%
Coal India's recent performance has been uninspiring. Flat offtake, lowest fuel supply agreement (FSA) realizations since Q3FY12 despite prices hikes, and weak e-auction premia - all this has weighed on the numbers with LTM (last twelve months) EBITDA down 27 percent and adjusted PAT (ex-OBR provisions) down 25 percent YoY.
Dish TV | Rating Buy | Target Rs 105, CMP Rs 76 | Upside 38%
Dish TV, a pioneer in India's DTH (direct-to-home) space is coming off a phase of underperformance (-22 percent in three months). It's weak FY17 performance (EBITDA fell 5 percent) was in stark contrast with Videocon D2H and Airtel DTH (which posted EBITDA growth in the 20s). Persistently inferior subscriber stability and ARPU have undermined Dish TV's performance.
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