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2 Smallcap Stocks To Buy From The Education Space With Potential To Rally
Prabhudas Lilladher has come out with its latest report on the media, education and travel sector. Here are two stocks to buy from the report where the brokerage believes there is a good upside potential in the coming days. Both of these stocks are from the education sector.
Navneet Education: Target price on the stock at Rs 170
Prabhudas Lilladher has set a target price of Rs 170 on the stock of Navneet Education, as against the current market price of Rs 129.95 and has a buy call. That leaves a decent potential of upside gains for the stock.
Current market price of the stock - Rs 129.95
Target price on the stock - Rs 170
"We expect Navneet's publishing top-line to be 25% higher than pre-COVID base of 2QFY20, as there was spillover from the previous quarter led by delayed opening of regional medium schools and ongoing migration of students from government schools. Further, export revenue is expected to be strong amid deferrals from previous quarters and strong order book. We expect EBITDA margin of 18.0% during the quarter," the brokerage firm has said in its report.
Navneet Education is a leading player in education books, stationery products and e-learning products.
Buy the stock of S Chand & Co: Buy for good gains
Another education stock, where Prabhudas Lilladher is upbeat is the stock of S Chand. The firm has a buy call on the stock and sees a target price of Rs 234 on the stock. The shares last closed at Rs 187 on the Bombay Stock Exchange.
Current market price - Rs 187
Target price - Rs 234
"For S Chand, we expect top-line to decline 22.5% YoY as sale of some higher education books is deferred to next quarter due to delay in opening of educational institutions. Consequently, we expect EBITDA loss of Rs 422 mn while additional income of Rs 150 mn from sale of Textbook is expected to mask net losses," the brokerage has said.
Markets to see selling pressure at higher levels
After the stupendous rally seen this week, we might see selling pressure in the markets at higher levels.
"With earning season about to begin and pre-quarterly updates coming in, we expect stock specific action to continue in the markets. Globally, Investors would track U.S. jobs data (on Friday) which is crucial in the current environment of rising interest rates," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
