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Buy, sell, hold: 2 stocks that you may bet for good returns

CLSA has initiated coverage on Emami with outperform and target at Rs 1115 per share. It has strong product portfolio with a presence in niche categories.

December 15, 2016 / 15:40 IST
     
     
    26 Aug, 2025 12:21
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    Moneycontrol BureauHere are two stocks that you have bet for good returnsPNB HousingBank of America Merrill has initiated coverage with a buy call and target at Rs 1040 per share. It says return on equity (ROEs) to normalise on strong growth sustaining and operating leverage. It remains bullish on mortgage finance sector dynamics; asset quality comfort. It estimates a 32 percent EPS CAGR over FY16-19 versus industry average of 22 percent. It estimates a loan growth CAGR of 41 percent in FY16-19 budgeting for a rising trend in headline NPLs to 0.8 percent by FY19 versus 0.3 percent now.

    EmamiCLSA has initiated coverage with outperform and target at Rs 1115 per share. It has strong product portfolio with a presence in niche categories. It forecasts 13 percent adjusted earnings CAGR and thinks the company will retain EBITDA margin at current levels.

    first published: Dec 15, 2016 08:54 am

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