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
25 January, 2015 15:44 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
Comment
Security Code type    into this box
Related Articles
Sterling Holiday Resorts (India) swings to consolidated profit in Oct-Dec quarter - 23-Jan-2015 19:16
Modern India swings to loss in Oct-Dec quarter - 23-Jan-2015 19:11
Omax Autos loss widens in Oct-Dec quarter - 23-Jan-2015 19:07
Bharat Electronics standalone quarterly profit jumps 41.75% - 23-Jan-2015 18:56
SBI, European Investment Bank sign loan agreement for Euro 100 mn - 23-Jan-2015 18:30
Ind-Ra upgrades Aurobindo Pharma to 'AA' - 23-Jan-2015 18:03
National Plastic signs pact with Tradeplast LLC - 23-Jan-2015 17:58
Continue to invest in building capabilities in digital transformation space: Sunil Bhatia - 23-Jan-2015 17:38
Ashoka Buildcon SPVs completes refinancing debt of Rs 3.24 bn with ICICI Bank - 23-Jan-2015 16:54
Karur Vysya Bank cuts base rate by 25 bps - 23-Jan-2015 16:30
Liberty Shoes standalone quarterly earnings climb 15.37% - 23-Jan-2015 16:14
more...
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