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Brokerages Are Betting On These Stocks For Superior Returns

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Markets have jumped nearly 5 per cent, since the Nifty dropped below the 10,000 points recently. Here are a few stocks that brokerages feel are attractive and could fetch good returns.

Parag Milk Foods

Angel Broking is bullish on the stock of Parag Foods and has set a target price of Rs 333 on the stock. The company has been successful in creating strong brands like GO, Gowardhan and in introducing new products like Whey protein.

Brokerages Are Betting On These Stocks For Superior Returns
It has also become the second largest player of processed cheese after Amul. "The stock currently trades at a P/E of 14.9x FY2020E EPS. It is increasingly becoming a stable brand strory while it is still valued as commodity business. We feel that the company should somewhere start enjoying the valuation of FMCG companies. We initiate coverage on the stock with a BUY recommendation and Target Price ofRs 333 (20x FY2020E EPS), an upside of 34% from the current levels," Angel Broking has stated in its report.
 

Check stock quote of Parag Milk

DCB Bank

HDFC Securities is bullish on the stock of DCB Bank and has recommended a buy rating on the stock. "With steady NIMs, a tight grip on asset quality and oplev benefits, return ratios are set to improve hereon. Our conservative provisions cost (55bps over FY18-20E) provide further upside risk. Maintain BUY with a target price of Rs 216 (2.2x Mar-20 ABV of Rs 98.3)," the firm has said.

The securities firm sees maturing branch network and broader products as the other reasons for buying the stock.

Check stock of DCB Bank

Sanofi India

Dolat Capital has placed a buy call on the stock of Sanofi India. As per management guidance, TOUJEO launch in India could driver future earnings growth.

"We remain positive given the management's focus on improving operating efficiencies and adding niche focus products to the basket. We maintain BUY rating with revised TP of Rs 6,000. At CMP of Rs 5,078, the stock trades at 29x CY18E EPS of Rs 175 and 24x CY19E EPS of Rs 207," the firm has said in its research report.

Check stock quote of Sanofi

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