Reliance securities_ 4 stocks that may fetch handsome returns – moneycontrol. com


Reliance Securities shares its list of four fundamental stock picks that it believes offer significant upside from current levels, along with its investment rationale on each.

– Benefiting from Rising Share of Ayurvedic Products: Dabur has a strong heritage and most of its products are based on herbal platform. Baht to usd Over the past few years, there has been an increasing awareness about Ayurveda, resulting in emergence of new players i.e. Exchange rate aud usd Patanjali and fresh focus of large MNCs like HUL (Ayush) and Colgate (Vedshakti) to introduce products based on Ayurveda. Aed usd Existing players like Dabur having strong brands and wide distribution network would continue to benefit from the same.

– Strong Portfolio of Brands: Dabur has a robust product portfolio catering to different segments. Usd to rmb It has 3 brands with turnover of more Rs 1,000 crore and 16 brands with turnover of more Rs 100 crore, which significantly reduces dependence on single product for sustaining growth.

– Focus on Rural Markets: Dabur derives around 50 percent of its domestic business from rural areas. Fraction calculator that shows work After two successive years of drought, the country witnessed normal monsoon last year, which is expected to aid good agricultural growth in coming quarters. Msn news breaking news , Meanwhile, in the Union Budget 2017-18, the Government has increased overall allocation to rural, agriculture and allied sectors by 24 percent, which should benefit players like Dabur.

Weak consumer demand environment and higher competitive intensity led to underperformance by Dabur in the past few months. Usd rub bloomberg However, with new product introductions, recent budget impetus and stable input cost scenario, we believe that the growth trajectory would be higher in the coming quarters. Eur usd exchange rate forecast Based on expected EPS of Rs8.4, the stock currently trades at 32.5x FY18E earnings.

– Revenue Momentum Remains Decent: HCLT’s revenue rose by 1.3 percent qoq (3 percent qoq in CC terms) in 3QFY17, primarily led by Engineering Services (+5.9 QoQ, +7 percent in CC terms). Futures market hours We believe reiteration of management guidance by and large is a positive sign. Rose quotes The company expects CC revenue growth at around mid-point of guidance of 12-14 percent (10-12 percent in USD terms at current exchange rates). Aud to usd conversion rate Including acquisitions, growth is likely to come in at 11-13 percent in USD terms and 13-15 percent in CC terms.

– Niche Acquisitions to Boost Capabilities & Addressable Market:HCLT recently acquired an engineering services and design firm, Butler Aerospace, LLC for a consideration of USD 85 mn .The acquisition – which was completed w.e.f. 300 us in canadian January 1, 2017 – will be EPS-accretive. Usd graph Earlier, it had also acquired engineering services and PLM specialist Geometric, which will further unleash growth opportunities in Engineering Services practice.

– Deal Momentum Remains Healthy: Over the past several quarters, HCLT has been consistently winning new deals worth USD 1 bn, which augments revenue visibility. 10 in binary code We expect ramp -up of these deals to provide necessary impetus to sustain double digit above-industry revenue growth in FY18E. We expect HCLT to deliver 13 percent CAGR in dollar revenue over FY17E-FY19E.

We believe that consistent performance of different segments out of HCLT’s business portfolio offers some visibility of broad-based and sustainable growth, going forward. Euro to pound sterling exchange rate We expect IMS to sustain healthy growth. Aud usd exchange rate Valuation seems reasonable at 12.8x FY18E EPS.

– Pidilite is a dominant player in India’s adhesives & sealants and construction chemicals industry with iconic brands like Fevicol, M-Seal, Fevikwik and Dr. Dollar exchange rate today Fixit.

– Over the years, Pidilite has successfully leveraged on its core strengths to drive growth. 1 usd in inr That includes an expertise to identify underserved segment where consumer demand is not being fulfilled, Intervention with a brand in a commoditised space to fill the demand, and Significant focus on developing, nurturing and enhancing relationship with the chain of influencers as well as the end-users.

– Owing to significant enhancement in management bandwidth to transform the Company from ‘Professionally run by Family’ to run by ‘Family of Professionals’, Pidilite has laid foundation for sustainable growth.

We expect Pidilite to post revenue and earnings CAGR of 12 percent and 15.3 percent through FY16-19E. Dollar vs euro chart We estimate that Pidilite would report consolidated sales of Rs 6,580 crore and Rs 7,540 crore and net profit of Rs 990 crore and Rs 1,160 crore in FY18E and FY19E respectively. Current exchange rate usd to cad Based on expected EPS of Rs22.6, Pidilite currently trades at P/E multiple of 29.8x FY19E earnings.

– Over the last few quarters Federal Bank is continuously delivering healthy growth in profit and loan book. Usd today Its net profit grew by 26.4 percent yoy & 2.2 percent qoq to Rs 210 crore in 3QFY17 led by 30.8 percent yoy & 9 percent qoq growth in NII and 43.7 percent yoy & 0.7 percent qoq growth in other income.

– Corporate loan grew by 53.2 percent yoy & 13.7 percent qoq to Rs 25,500 crore led by working capital financing to corporate. Ringgit usd exchange rate Change in top management along with better product offering aided the growth in its corporate book.

– Management continues to focus more on Corporate & SME loan segments instead of earlier strategy of focusing on SME & Retail loan segments. Stock market meanings Its NIM is expected to be at around 3.2-3.5 percent in next 4-5 quarters.

– CASA ratio jumped by 362bps on account of 24 percent qoq growth in current deposits and 18.5 percent qoq growth saving deposits. Kurs usd ke rupiah Management expects 1/3rd of incremental CASA deposits will remain with the bank in long term.

We believe that Federal Bank is coming out of the scenario – marked with higher provisioning and continued stress on assets quality for last few quarters – with moderation in fresh slippages and improvement in loan book. Exchange rate us to canadian dollar We expect healthy traction in earnings owing to robust growth in loan book, moderate credit cost and healthy margins. Samsung washing machine codes We continue to reiterate our BUY recommendation on the stock with Target Price of Rs100 based on 1.9x FY18E Adjusted book value.

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