Gujarat State Petronet Ltd- Initiating Coverage (BUY)
We recommend ?BUY? on GUJARAT STATE PETRONET LTD for a target of INR 212 – valuing the company at P/E 18x of FY19E Earning.
Fundamental Picks
Hot Stock for this Week 21-May-2018
We have collected some hot stock based on both fundamental and technical basis across various web sources that are on radar to be trade on this week: ITC: The stock has been consolidating at around 280 – 285 and has maintained above the 34WMA moving average to indicate a positive bias and currently has shown …
Hot Stock
We have collected some stocks based on both fundamental and technical basis across various web sources that are on radar to be trade on this week: PRAKASH INDS: The stock has made more or less a higher bottom formation pattern in the daily chart taking support at 192 levels and signify strength and potential to …
Dilip Buildcon Ltd- Initiating Coverage (BUY)
We recommend ?BUY? on DILIP BUILDCON LTD for a target of INR 1365 – valuing the company at P/E 26x of FY19E Earning.
Hot Stock for this Week
We have collected some stocks based on both fundamental and technical basis across various web sources that are on radar to be trade on this week: RIL: Reliance Industries (RILNSE 2.15 %) on Friday reported Rs 9,435 crore consolidated profit for the March quarter, its highest quarterly profit. The energy-to-telecom conglomerate, led by India’s richest …
Exide Industries Ltd- Initiating Coverage (BUY)
We recommend ?BUY? on EXIDE INDUSTRIES LTD for a target of INR 294 – valuing the company at P/E 24x of FY19E Earning.
Initiating Coverage (BUY)- Ashok Leyland Ltd
We recommend ?BUY? on ASHOK LEYLAND LTD for a target of INR 171 – valuing the company at P/E 24x of FY19E Earning.