Stock to buy now for 20% gain

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Pee Vee
Site Admin
Posts: 453
Joined: Mon Dec 26, 2016 10:45 pm

Stock to buy now for 20% gain

Post by Pee Vee »

Bajaj Electricals Ltd - BUY

CMP: Rs 315, 1 year Target: Rs 378, Upside: 20%

Bajaj Electricals (BJE) is well poised to leverage its strong brand equity and wide distribution network to capitalize on the growing consumer spending. We believe economic revival post demonetization, streamlined supply chain and strong order book in EPC will help BJE revert to its erstwhile growth of 13%+ (FY11-14). We expect 28% CAGR (FY16-19E) in net profit led by margin expansion in both the Consumer and EPC segments. Also, its asset light consumer business (almost 90% of products are outsourced) will ensure superior returns (ROCE- +30%). The stock trades at 21xFY18E and 16xFY19E; lower as compared to industry average of 31xFY18E and 25xFY19E. Valuing the company at 19xFY19E EPS; we recommend Buy with a target price of Rs 378.

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arpitbhawsar
Posts: 1
Joined: Thu May 04, 2017 3:57 pm

Re: Stock to buy now for 20% gain

Post by arpitbhawsar »

Automobile sector leading company M&M sales down by 6% total sales 39357 unit as compared to previous year same Quarter was 41863 units.
New index to be launched, In this index IIP to be measure and base rate will be 2011-2012.It will help to map economic activity more clearly.
Sunpharma Advanced Research Company (SPARC) wants to raise the additional funds due to this reason company schedule Board member meeting on 05 May after this news stock gain 1.45% in today’s trade
Leading automobile company Bajaj Auto declared its April Month Sales which is down by 0.09% as a camper to previous year same month . Its domestic sales are down by 21% while export was increased around 46%.
TVS motors sales are increased by 8% in April month. The company sold 2.46 Lakh unith in last month after this news the Stock gained 1.2%
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