Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
30 July, 2015 15:37 IST
SMC Global's fundamental picks: South Indian Bank, Neyveli Lignite
Source: IRIS | 17 Nov, 2012, 02.16PM
Comments  |  Post Comment

Following stocks have been recommended as fundamental picks by SMC Global:

1. South Indian Bank

Current market Price (CMP) : Rs 23.20
Target Price (TP):  Rs 31
Upside: 33%

The bank is aggressively expanding its branch network across the country and has plans to add more branches and ATM going forward. In a tight interest rate scenario the bank has maintained NIM around 3% during the first half of the current fiscal and has plans to maintain NIM of 3% going forward. Meanwhile the overall CRAR of the back is as high as 14.43%.

We expect stock to see a price target of 31 in one year time frame based on FY14 (E) book value of 26.98 on a target P/BVx of 1.15.

2. Neyveli Lignite Corporation

Current market Price (CMP) : Rs 82.65
Target Price (TP):  Rs 92
Upside: 12%

Company estimate is 10 per cent growth every year in turnover and around 10-15% in profit. NLC forges ahead in all fronts and with its expansion activities the company is poised for substantial growth in the years to come. The company is planning to add 15,000 Mw of power by 2020-22 at an investment of around ~90,000 crore.

We thus expect the stock to trade for a price target of '92 in one year time frame, based on estimated FY14E EPS of 9.04onatwoyears historical average P/Exof10.2.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Sequent Scientific swings to profit in Apr-Jun quarter - 30-Jul-2015 15:33
I F B Industries quarterly profit falls 39.25% - 30-Jul-2015 15:28
B and A Packaging India quarterly profit surges 89.26% - 30-Jul-2015 15:24
SJVN quarterly net up 14.17% - 30-Jul-2015 15:12
L G Balakrishnan & Bros quarterly earnings plunges 41.12% - 30-Jul-2015 15:07
NTPC quarterly earnings fall 2.99% - 30-Jul-2015 15:02
Petronet LNG quarterly profit surges 58.05% - 30-Jul-2015 14:55
Gateway Distriparks buys 48 acres of land to set up container freight station - 30-Jul-2015 14:22
Dr Reddy's Q1 earnings rise 14%, beats estimates - 30-Jul-2015 14:08
Oriental Bank of Commerce Q1 profit drops 29.3% - 30-Jul-2015 13:45
Brokerages stay bullish on Yes Bank post Q1 results - 30-Jul-2015 13:38
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer