The festival of colours Holi is finally here! But at a time when bears seemed to have taken charge on Dalal Street. The benchmark Sensex and Nifty logged their worst monthly loss in two years in February, and settled Thursday’s session in red. With a heavy loss on Wall Street overnight, cues for Monday don’t look positive too, that too at a time when back home public sector banking stocks are going through a rout, putting pressure on the broader market. The Sensex settled 137 points lower at 34,046, while the Nifty quoted 10,058, down 34 points on Thursday. Nifty PSU Bank was down nearly 2 per cent, top index loser among NSE indices.

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Don’t let the bears overtake bulls in the colour fight. Take a look at following 12 stocks, that may generate up to 46 per cent returns by next Holi:

1. DLF (Upside: 25%)
JP Morgan 280
Reduction in debt level most important trigger
The company expected to be debt free by FY20
Recovery in property prices will help DLF
The company owns largest market share in commercial segment
Brokerage JP Morgan has a buy rating on the stock with a target of Rs 280

2. Kalpataru Power (upside: 26%)
The company to receive big orders from Railways
Kalpataru received new orders worth Rs 6000 crore in Q3
Company’s order book is worth over Rs 10,000 crore
Recovery in order inflows from gulf countries  
Brokerage Emkay has a target of Rs 621 on the stock

3. Apollo Tyres (upside: 20 per cent)
Recovery in demand for trucks, buses and tyres will benefit the company
The company owns 25 per cent market share in this segment.
Margins to improve thanks to increased sale of radial tyres
Profit to improve thanks to reduction in rubber prices
Brokerage IIFL has a target of Rs 320 on the stock.

4. Hero MotoCorp (upside: 23 per cent)
Volume growth remained strong in FY18 so far
Government’s move to double rural income to help the company
Company’s market share to improve on the back of new launches
Export scenario improving
Scooter demand to increase in urban areas
Brokerage Macquarie has a target of Rs 4400

5. NCC ICICI Direct (upside: 22 per cent)
NCC received orders worth Rs 21,614 crore in Q3
Current order book is worth Rs 31,627 crore
The company may receive big government orders on Bharatmala project
The company paid back about 45 per cent of its total debt in last four years
ICICI Direct has a target of Rs 160 on the stock

6. Tata Motors (upside: 46%)
JLR demand is growing in China and Russia
Production to kick off at Europe plant by FY19
Market share to improve thanks to new launches in M&HCV segment
Performance of recently launched passenger cars better than expected
Bank of Baroda Capital has a target of Rs 540

7. Infosys (upside: 16%)
Company to hire 10,000 employees in US by FY19
Visa expense to come down significantly thanks to increased hiring in US
Better orders expected thanks to corporate tax deduction in US
Income from digital segment is growing consistently
Ambit Capital has a target of Rs 1,350

8. Greenply  (upside: 15%)
Sale of plywood to improve post implementation of e-way bill
Margin to improve by 30 per cent in MDF segment
New MDF plants will reduce expenses
Strong recovery in overall business by FY19
Bank of Baroda Capital has a target of Rs 390

9. IndusInd Bank (upside: 15%)
 Asset quality strongest in banking space
Consistent improvement in profit and margin
Low provisioning as compared to peers
NPA threat less on the back of thinner loan sizes  
IIFL has a target of Rs 1,950 on the stock

10. L&T (upside: 22%)
Big orders expected by next month
Valuations attractive as compared to Capital Goods index
GST-linked slowdown is done and dusted
Construction execution to improve by FY19
Goldman Sachs has a target of Rs 1600

 (Stocks mentioned here for informational purpose. Consult your financial advisor before investing.)