For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    3 Stocks Brokers Are Recommending To Buy

    |

    Markets have been rallying in the last one week, following less tensions across the border. Small and midcap stocks too are being aggressively bought into. The Sensex is not very cheap at the current levels and is at premium to most global peers. Here are a few stocks that are being recommended by brokers to buy for the long term.

    Minda Corporation
     

    Minda Corporation

    Chola Securities has a "buy" call on Minda Corporation with a target price of Rs 365. "We introduce and roll over our valuations to FY21 estimates. At the current market price, the stock is trading at a valuation of 16.7XFY20E and 14.3XFY21E earnings.

    We give a BUY rating on the stock and arrive at a revised target price of Rs 365, valuing the company at a P/E of 18X FY21E EPS.

    According to the firm, key risks are a decline in business of key customers and slower than expected growth in newer business.

    Check stock quote of Minda Corporation here.

     

    Petronet LNG

    Petronet LNG

    KR Choksey is bullish on the stock price of Petronet LNG and has recommended a "buy" on the stock.

    According to the broking firm, the Dahej capacity expansion is in progress and once fully commissioned along with the 5% annual hike in re-gas tariffs (w.e.f. January'19) will contribute to strong earnings performance.

    "As for its Kochi terminal, we could expect softening of tariffs post the Kochi-Mangalore pipeline comes on-stream. Nevertheless, the increased volumes will contribute to higher profitability. These are expected to be key triggers for PLNG in the coming quarters which improve PLNG's business outlook and earnings visibility," the firm has said.

    The firm believes that at the current market price, the company is trading at an attractive valuation of 12.6x FY19E EPS and 10.6x FY20E EPS.

    KR Choksey has assigned a P/E multiple of 16x on the FY20E EPS of Rs 19.8 and arrived at a target price of Rs 365.

    Check stock quote of Petronet LNG here.

    LIC Housing
     

    LIC Housing

    Kotak Securities in its recent research report has suggested buying into a host of stocks. One of its picks is LIC Housing Finance. The firm believes that LIC Housing Finance could deliver 17 percent loan book CAGR over the next two years, slightly higher than current growth of 16 percent.

    The domestic brokerage firm slashed its estimates by 3-6 percent to reflect marginally lower Net Interest Margin and regrouping of other income.

    Post revision, Kotak expects the company to deliver 17 percent CAGR in loans driving 17 percent earnings CAGR during FY2019-21E and 16-17 percent medium-term RoE.

    Check stock quote of LIC Housing here .

     Disclaimer

    Disclaimer

    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 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.

    Story first published: Friday, March 8, 2019, 12:07 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more