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Domestic equity indices BSE Sensex and NSE Nifty are set to open higher on Wednesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.
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Top investment options for 2016 1) Britannia Industries<br> Recommended by Religare Securities</br> Why Buy: Britannia is planning to grow its business profitability; the company is setting up an agro processing plant in Chittoor, Andhra Pradesh before 2017 at an investment of Rs 125 crore. Declining commodity prices have also cushioned the margins, this momentum is expected to continue and its strong performance is seen sustaining in near future.
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2) Century Plyboards (India)<br> Recommended by Religare Securities</br> Why Buy: Century is investing heavily on raw material security, distribution network and brand positioning. It had set up its own facility in Myanmar from where it prepares timber sheets & exports to its plants in India and planning to set up timber processing units in other locations to ensure uninterrupted raw material supply for upcoming growth. Government's 'Housing for All' agenda is expected to drive interior infrastructure demand and RBI's easing of liquidity could also reduce the cost of housing loans and accelerate the real estate demand.
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3) Jet Airways<br>Recommended By: ICICIdirect.com</br> Why Buy: The recent sharp fall in ATF prices have provided significant room for margin expansion along with the growth opportunities for an Airline Industry. Assuming the benefit of lower ATF prices, the company’s EBITDA margin to scale up to 11.3 per cent as witnessed in FY11 from 1 per cent in FY15. The share price of company can touch Rs 790 in 2016.
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The company had posted a net profit of Rs 344.34 crore in the corresponding quarter of the previous fiscal, LIC Housing Finance said in a statement. (Express photo
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Angel Broking said that it expects the pricing environment to become favourable for the Indian made foreign liquor industry as the prices have bottomed out.
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6) Nesco<br> Recommended By: IndiaNivesh Securities</br> Why Buy: In 2014-15, the IT park and realty division delivered 89.6 per cent year-on-year revenue growth and contributed 40.6 per cent to the overall revenue. The brokerage house expects 15 per cent YoY increase in FY16E revenue and has ‘Buy’ rating on the stock with target price of Rs 1,896.
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7) Camlin Fine Science<br> Recommended By: IndiaNivesh Securities</br> Why Buy: The company’s capacity expansion in Dahej‐SEZ should lead to significant reduction in sales‐to‐raw‐material ratio. Further, Europe subsidiary selling Hydroquinone (around 4,900 MTPA) in open market will result in higher realisation. As a result, the commencement of Dahej facility would have two‐ways margin expansion. As a part of its growth strategy, the company has progressed towards expanding its product portfolio in Food Ingredients and Industrial Products Divisions. On the same line, the company launched four new products (HQMME, MDB‐ Methylene, 1‐Chloro‐2,5‐DImethoxy Benzene, and MDB‐Methyelen) in FY16. Given the cost and quality advantage, the brokerage house expects these products to gain sizeable market share and likely to deliver higher revenue growth over near-to-medium term. IndiaNivesh believes the share price of the company can touch Rs 136 in 2016.
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8) VA Tech Wabag<br> Recommended By: ICICdirect.com</br> Why Buy: VA Tech Wabag (Wabag) is a leading MNC in the water treatment space with a global presence. The company operates on an asset light-EPC led model in water treatment projects across municipal and industrial segments, where it focuses on design and engineering while outsourcing civil construction and erection jobs. Wabag has executed over 2,250 projects till date and has a market share of 14 per cent in the Indian markets. The management has maintained its guidance of 20 per cent growth across order intake and revenue for FY16E. The brokerage house has a ‘Buy’ rating on VA Tech Wabag shares with target price of Rs 830.
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9) Kalpataru Power Transmission: Target Price: Rs 312<br> Recommended By: SMC Investments and Advisors</br> Why Buy: The company is a turnkey player in power, infrastructure and asset creation. It is a provider of Transmission and Distribution solutions to 40 countries across the world. Kalpataru Power is continuously performing well and delivering in all the three parameters of revenue, profitability and order intake. The company is also confident of maintaining the growth momentum, in this financial year as well; with the help of robust execution capabilities and good order book. SMC expects the stock to see a price target of Rs.312 in 8-10 month time frame on a 3 year average P/E of 19.21x and FY17 (E) Earning Per Share of Rs 16.25.
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10) Godrej Properties<br> Recommended By: SAMCO Securities</br> Why Buy: Godrej Properties is efficient growth oriented company with manageable debts having diversified portfolio across top cities in India. The company works on asset light model which generates superior returns for the shareholders. (Disclaimer: The stocks are recommended by the respective brokerage houses and not a recommendation from Financial Express online).
US announces new rules for selection of H-1B visa for foreign workers
