Mighty returns: Top 7 must have mid & small cap stocks in portfolio
Mon, Jul 01, 2013 at 14:31
Target: Rs 1,465
Rationale: The company is transforming itself from an asset aggregator to an asset allocator. Recent management decisions suggest a focus on improving portfolio returns. Multiple catalysts ahead: (1) new banking licenses, (2) improvement in telecom tariff, (3) turnaround at Pantaloons and (4) asset sales. We have not assumed upside from these in our base case valuation.