Stocks that brokerages are betting on for the long term

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Stocks that brokerages are betting on for the long term
Greaves Cotton: Quotes, News
BSE 127.10BSE Quote1.2 (0.94%)
NSE 127.15NSE Quote0.95 (0.75%)
NTPC: Quotes, News
BSE 163.10BSE Quote0.3 (0.18%)
NSE 163.15NSE Quote0.05 (0.03%)
Markets have seen immense volatility in the month of Sept, thanks to the Fed FOMC meet and India's own monetary policy meet. Here are few stocks that brokerages in India are betting on for long term investment.

Greaves Cotton

Firstcall Research is bullish on Greaves Cotton and has put a buy rating on the stock.

"At the current market price of Rs 57, the stock P/E ratio is estimated 9.43 x FY14E and 8.58 x FY15E respectively. Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs. 6.05 and Rs. 6.64respectively. Net Sales of the company are expected to grow at a CAGR of 8% over 2012 to 2015E respectively.

We recommend ‘BUY' in this particular scrip with a target price of Rs 67 for medium to long term investment, " the firm has stated in its research report.

Financial Technologies

Firstcall Research has recommended buying the stock of Financial Technologies.

"Financial Technologies, at the current market price of Rs 237.00, the stock P/E ratio is at 3.19 x FY14E and 3.06 x FY15E respectively. Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs.74.31 and Rs.77.42 respectively. Net Sales of the company is expected to grow at a CAGR of 5% over 2012 to 2015E respectively.

On the basis of EV/EBITDA, the stock trades at 3.09 x for FY14E and 2.82 x for FY15E. Price to Book Value of the stock is expected to be at 0.36 x and 0.32 x respectively for FY14E and FY15E. We recommend ‘BUY' in this particular scrip with a target price of Rs.261.00 for medium to long term investment," the firm has stated in its research report.

NTPC

Motilal Oswal is bullish on NTPC and has recommended buying the stock.

"Strong near term growth visibility, given large capacity under construction/ development, insulated the business model; 12% earnings CAGR over FY13-15E (with scope of upside) and historic low valuation provide comfort. NTPC has underperformed the indices by 31% (18.4% down in 12 months) and trades at 10x PER and 1.2x P/BV on FY15E basis. Dividend yield of 4%," the firm has stated in its research report. INDUSTRY

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The views expressed in this article are those of the author and may not reflect those of Greynium Information Technologies Pvt Ltd, its subsidiaries and associates. The author has made every effort to ensure accuracy of information provided; however, neither Greynium Information Technologies Pvt Ltd, its subsidiaries and associates, nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to buy, sell in precious metal products, commodities, securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author of this article do not accept culpability for losses and/or damages arising based on information in this article. 



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