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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
16 July, 2025 16:49 IST
SMC Global's fundamental picks: UPL, Sadbhav Engineering
Source: IRIS | 26 Jun, 2017, 12.01PM
Rating: NAN / 5 stars.
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SMC Global Research has selected UPL and Sadbhav Engineering as fundamental picks. Investment rationale is as follows:

1. UPL
Current market Price (CMP): 859.85
Target Price (TP): 1,027
Upside: 19%

The company has strong fundamentals and robust outlook. Its strong focus on brand building and customer reach is helping the company in increasing its market share in major addressable markets. Good recovery in south cone and Latin America would help the company to maintain robust performance going forward. Management expects that with improved monsoon, there will be an increase in its volumes and this would boost 20% growth of its consolidated revenues and margins would expand by 50-75 basis points (bps). Thus, it is expected that the stock will see a price target of Rs 1027 in 8 to 10 months time frame on a Current P/E of 24.32x and FY18 (E) earnings of Rs 42.21.

2. Sadbhav Engineering
Current market Price (CMP): 304.50
Target Price (TP): 356
Upside: 17%

Structurally advantages such as relatively benign commodity prices, liquidity conditions globally as well as 'Make in India' initiative, a broad-based policy which actions in enhancing human capital, access to inputs and finance, and better connectivity, sets eye at keeping India's growth above its peers. Management expects that the business definitely will have a very strong footing on every quarter because a large number of projects almost are under execution. Thus, it is expected that the stock will see a price target of 356 in 8 to 10 months time frame on an expected P/Bv of 3.5x and FY18 Book Value per share (BVPS) of Rs 101.64.

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.



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