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3 stocks that research firms are betting on
Sutlej Textiles
Sunidhi Securities has a buy rating on Sutlej textiles.
"The improving fundamentals, timely expansion from time to time, consistent modernization and well-built management quality give strong visibility to revenue & profitability going forward. STIL is expected to post an EPS of Rs 82.8 in FY14 and Rs 93.9 in FY15. At the CMP of Rs 175, the share is trading at a P/E of 2.1x on FY14E & 1.8x on FY15E. We recommend BUY with a target price of Rs 225 in the medium term," says Sunidhi Securities research report.
LIC Housing
Emkay global has suggested buying the LIC Housing stock.
"We have revised our NII / PAT estimates upwards by 2% / 4% respectively and now factoring 20% CAGR in loans over FY13-15E. Valuations at 1.5x/1.3x FY14E/FY15E ABV are reasonable given strong RoA profile of 1.4%. Continue to prefer LICHF in the housing finance space given growth visibility, positive ALM gap in shorter tenure maturities and receding NPA concerns. Retain ACCUMULATE. Revised our target price to Rs 260," the firm has stated.
Ashok Buildcon
Emkay has also recommended buying the Ashok Buildcon stock with a target of Rs 83.
"Project execution on Dhankuni Kharagpur remains on track and toll rates escalation at Dhankuni Kharagpur project ahead of schedule will provide additional boost. We have revised the value for out BOT projects to Rs55 from Rs58/ share led by change in value per share for Dhankuni to Rs20.6/share (Earlier Rs21.6/share), followed by PNG to Rs4/share
(Earlier Rs5/share), Chhattisgarh - Bhandara to negative 0.6/share (Earlier Rs1/share).
We have valued the BOT projects at 13.5%/14.5%/15.5% cost of equity for operational/ under construction /under development portfolio. While the E&C arm is valued at Rs 24 at 4x FY14 earnings," the firm has stated in its research report.
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