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Shares to buy: Here are stocks that can bring money in your pockets
Amid Chinese export worries taking tall on the global markets, there are some stocks which can help investors win money at faster rate when majority of the investors would be bleeding. Market experts are of the opinion that rather going with stocks,w e can pick some sectors that performed well even when the markets was bleeding. They also suggested the market investors to look at the fundamentals of the company whose stock they are going to buy. So, on the basis of these expert adbise here are some stocks that investors can think of stocking today.
The market experts are bullish on IT stocks as the sector performed well even when the various global bourses were in red zone. They give credit to the weak dollar for this performance. So, stocks like Infosys are one of the shares that investors can think of buying today. As per Elara Securities studies, "We had been waiting to see the margin impact of investments CEO Salil Parekh had promised and it is now visible in metrics. Growth has accelerated with Infosys (INFO IN) posting more than 10 per cent growth YoY in constant currency (CC) terms for the first quarter since first quarter of FY17."
Ravi Menon, Analyst at the Elara Securities told in a written statement, "Infosys reported QoQ revenue growth of 2.3 per cent in US dollar terms (160bp above our expectations) despite no visible help from the US dollar 700mn Verizon deal signed in 2QFY19. It has raised revenue growth guidance to 8.5-9.0 per cent in CC terms from 6.0-8.0 per cent. A 17.8 per cent YoY rise in employee cost indicates investments in skilled talent for digital and higher local hiring. We had been concerned about sustainability of margin and lack of investments would put medium-term growth at risk. After the margin hit in 2QFY19, we became confident about improved competitiveness and the current quarter deal wins affirm that belief." He suggested market investors to accumulate the Infy shares at current levels and book profits when it touches the Rs 790 levels.
Electrical Equipment Index (EEI) has rose to its five year high at 19 per cent on YoY basis. The Electrical Equipment Industry (EEI) Index volume increased by 19 per cent YoY over H1FY19, according to the Indian Electrical & Electronics Manufacturers' Association (IEEMA). This is the highest growth registered in the past five years. Strong growth was driven by industries, such as energy meters, cables & wires, transformers, capacitators and switchgear. EEI growth in Q2FY19 at 28 per cent was faster than in Q1FY19 at 11 per cent.
Harshit Kapadia, Analyst at Elara Securities said in a written statement, "We recommend buy on CG Power & Solutions, KEC International and KEI Industries, Accumulate on ABB India, Havells India and V-Guard Industries and reduce on Siemens."
Recommending Surya Roshni to buy, Kotak Securities suggests, "We believe that SURL valuations can get rerated on back of 1) potential demerger of company’s consumer electrical and steel pipes business 2) strong growth in company’s estimated consolidated profits through FY18-20E driven by a) meaningful growth in fans & consumer appliance segments supported by improved penetration on the current lower base b) stability in LED prices c) recovery in the pipes business driven by improved public spending in infrastructure. We project c.18.7 per cent CAGR between FY18-20 in consolidated profits from Rs 1.08 bn in FY18 to Rs 1.5 bn in FY20E, expect improved return ratios and balance sheet strengthening-building a case for stock re-rating. At current price of Rs 242, SURL stock is trading attractive -at 5x EV/EBITDA and 8.6x P/E on FY20E earnings."
Ruchir Khare, Analyst at Kotak Securities said in a written statement, "We initiate coverage on Surya Roshni Ltd (SURL) with ‘BUY’ rating and a target price of Rs328 based on SOTP (Sum of the parts) valuation methodology."
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