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FAST MONEY: PC Jeweller, SREI Infra among 10 stocks to remain in focus today

FAST MONEY: PC Jeweller, SREI Infra among 10 stocks to remain in focus today
SGX Nifty, an early indicator of Nifty50’s trend in India, was trading over 98 points to 10,598. Image source: IANS
Written By: ZeeBiz WebTeam
Updated: Wed, Feb 07, 2018
11:36 am
ZeeBiz WebDesk
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The domestic market is expected to snap its six-session losing streak, tracking positive trend seen in Asian markets as a semblance of calm returned to Wall Street where major indices bounced into the black after days of deep losses.

At 8:25 am, SGX Nifty, an early indicator of Nifty50’s trend in India, was trading over 98 points to 10,598.

Here are key stocks that are in focus today:

Bajaj Electricals (Buy)

Target:  Rs 452  

Stoploss: Rs 442

  • Received order worth $41 lakh from Zambia
  • The stock closed at day’s high in Tuesday’s session

KEC International (Buy)

Target: Rs 355   

Stoploss: Rs 343

  • The company received orders worth Rs 2035 crore
  • The profit rose 79 per cent to Rs 111 crore (YoY) in Q3
  • Revenue up 26 per cent at Rs 2,405 crore
  • EBITDA up 34 per cent at Rs 244 crore
  • Margin at 10.1 per cent versus 9.5 per cent

India Cement (Buy)    

Target: Rs 157   

Stoploss: Rs 148

F&O trade in stock no longer banned

Mcnally Bharat  (Buy)

Target: Rs 59          

Stoploss: Rs 56

  • The company received fresh orders worth Rs 68.3 crore
  • Market capitalisation of the company now Rs 137.5 crore

SREI Infra (Buy)

Target: Rs 79          

Stoploss: Rs 75.5

  • Short-covering to support stock
  • The stock has fallen over 30 per cent in last one month

Gujarat Alkalies (Buy)    

Target: Rs 745   

Stoploss: Rs 715

  • Profit rose 138 per cent to Rs 112 crore (YoY) in Q3
  • Margin inched up from 17.5 per cent to 29.1 per cent in (YoY)
  • Revenue up 27 per cent at Rs 618 crore
  • EBITDA up 112 per cent at Rs 180 crore

Ramco Industries (Buy)

Target: Rs 278        

Stoploss: Rs 265               

  • Profit rose 2.4 times to Rs 12 crore (YoY)
  • Margin inched up from 5.1 per cent to 10.2 per cent (YoY)
  • Revenue up 24 per cent at Rs 181 crore
  • Net profit at Rs 12 crore versus Rs 5 crore
  • EBITDA at Rs 18.5 crore versus Rs 7.5 crore
  • Margin at 10.2 per cent versus 5.1 per cent

Wockhardt (Buy)    

Target: 750         

Stoploss: Rs 730               

  • The stock settled near day’s high in Tuesday’s session
  • Stock no longer banned in F&O trades

PC Jeweller (Buy)    

Target: Rs 400   

Stoploss: Rs 387

  • Jewellery stocks stare at recovery today
  • Stock at discount of 35 per cent from its high of Rs 600

IFCI (Buy)            

Target: Rs 24.5  

Stoploss: Rs 22.6

  • Stock has fallen 34 per cent since Jan 15
  • Short-covering expected

(The stocks mentioned here are for informational purpose. Consult yout financial advisors before investing)