Shares to buy today: Here are the top stocks experts are betting upon
Market experts are expecting a bull run in Marico Limited, Tech Mahindra, Capacite Infraprojects and GAIL counters. An investor can think of these stock before making any invetment decision.
After the 50-share Nifty sustaining above 11,000 levels and the BSE Sensex tsting 37,000 mark, Indian equity invstors are expecting a bull run if the Nifty opens above 11,000. SEBI registered technical analyst Simi Bhaumik says that after the cosure of Wednesday markets above 11,000 levels, the Nifty is now trading in the range of 10,800 to 11,200. Hence, taking cue from the global indicators which is still giving strong signals, investors are suggested to pick their stock by going through the fundamentals and technicals both and maximise their profit in the expected bull run, says experts.
Here are the top picks of our experts for thursday trade:
1] Marico Limited
Marico’s numbers for Q3FY19 remained inline with market estimates; sales, EBITDA and PAT were up by 15%,16% and 13% respectively to Rs 1861 cr(expe. Rs 1847 cr),Rs 999 cr(expe. Rs 981 cr) and Rs252 cr( expe. Rs 260 cr). Domestic volume growth for the quarter remained 5% while International business (IB) grew by 11%in cc terms led by better performance of Bangladesh (16% cc growth) and Vietnam (15% cc growth).
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On suggestion for investors in regard to Marico counter Rajeev Anand, Research Analyst, Narnolia Financial Advisors informed Zee Business online in a detailed research citing, "The fundamentals of the Marico counter suggests an upside potential for 25 per cent. An investor can take a buy position in this stock for the target of Rs 460 per shares." Currently, the stock is oscillating around Rs 368 per counter.
2] Tech Mahindra
Tech Mahindra delivered healthy performance both on revenue and margin front. Revenue stood at $1,261mn (+3.5% QoQ, +4.3% CC), ahead of our est of $1,244mn. Enterprise (59% of rev) grew 4.2% QoQ led by Digital (33% of rev, +10% QoQ) and recovery in Manufacturing and BFSI.
On suggestion for investors in regard to Tech Mahindra counter Amit Chandra, Analyst at HDFC Securities told Zee Business online in a detailed research citing, "The fundamental of the IT counter is indicating an upside potential for 17 per cent. An investor can buy the stock for target price of Rs 880 per share." The counter is currently oscillating around Rs 750 per stock levels.
3] Capacite Infraprojects
Capacite Infraprojects Limited (CIL) reported strong 3QFY19 execution at Rs 4.5bn (5% beat, despite around Rs 500mn lower revenue owing to NGT ban and NBFC crisis). EBITDA margins dipped 80bps QoQ to 13.7% (due to negligible revenue booking on initial stage projects; also resulted in lower amortization of site establishment costs). Despite the margin dip, a 23% QoQ decline in depreciation led to PAT coming in line with our estimate at Rs 239mn.
On suggestion for investors in regard to Capacite Infraprojects counter Parikshit D Kandpal, Analyst at HDFC Securities told Zee Business online in a detailed research citing, "The fundamental of the counter is indicating strong upside potential for 67 per cent. An investor can buy the stock for target price of Rs 352 per share." The counter is currently oscillating around Rs 210 per stock levels.
Gail is gradually shifting from Gorgon volumes to US LNG. The company has received 58 LNG cargoes in 9 months of FY19 out of which it has sold 31 cargoes in international market. Company has gained significant marketing margins in trading US LNG in the last two quarters and management expects margins to be remained at almost same level in Q4 FY19. Company has taken hedges to secure its margins for at least one more quarter.
On suggestion for investors in regard to GAIL counter Aditya Gupta, Research Analyst at Narnolia Financial Advisors informed Zee Business online in a detailed research citing, "The fundamental of the counter is indicating strong upside potential for 30 per cent. An investor can buy the stock for target price of Rs 433 per share." The counter is currently oscillating around Rs 333 per stock levels.