Top contrarian buy calls include Hero MotoCorp, Tech Mahindra, LIC Housing Finance, Hindustan Petroleum Corporation (HPCL) and NMDC.
“But, this corrective downward wave may not be as fierce as the last one. Hence traders and investors might again look for value buying on dips.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
"At current market price of Rs 246, V-Guard Industries is valued at P/E of 70x on trailing 12 months EPS which is very expensive," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"The management of the company expects good growth for demand of domestic tractor due to govt’s continued thrust ion agri and rural sector, which would help the company to increase market share and financial growth of the company," says a report by SMC Global Securities.
"Its diversification focus has led to success in securing significant orders in the non-T&D business with healthy margins. We have a buy on the stock with target of Rs 549 per share," says SMC Global Securities.
"The company is optimistic about the future and would continue to invest in digitization, including IoT, digital manufacturing, engineering analytics and mobility," SMC Global Securities said.
"The company is witnessing a healthy growth across all business segments. Diversification efforts paid off as growth in the overall business is well supported by the robust growth witnessed in the new business,"" says SMC Global Securities.
"The company has a strong balance sheet, low debt, and optimize operating capacity and management focus is to increase market share which would give a strong growth in the company," says a report by SMC Global Securities.
"NHPC has developed new technologies in the areas of electrical and civil engineering for improvement in planning and investigation which will reduce the delays in construction and problems situation," says SMC Global Securities.
"The stock will see a target price of Rs 792 in 8-10 months timeframe on a one-year average P/E of 16.77x and FY19 (E) earnings of Rs 47.20," says a report by SMC Global Securities.
The company expects strong growth opportunities for the life insurance sector and expects it to grow in-line with the nominal GDP growth. SMC Global Securities has a buy on the stock with target of Rs 505 per share.
" A pick up in the rural economy is likely and should benefit M&M. It is expected that the company would see strong growth going forward," says a report by SMC Global Securities.
With the improvement in the capitalisation-to-capex ratio, steady regulated Return on Equity (ROE), the research firm is of the view that Power Grid fundamentals would continue to remain strong.
Here is the list of 20 stocks that could give up to 50 percent return over a period of one year.
"We expect the company to deliver earnings at a CAGR of over 30 percent in next 2 years," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"Dabur India is fairly valued at current valuations. We do not expect any major upside. Investors may avoid it as it has already discounted next 2 years earnings growth," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
The higher occupancy ratios could trigger a sharp rise in average room rates (ARRs) and EBITDA margin for the company in FY19, ICICI Securities said.
"We factor strong 20 percent earnings CAGR for United Breweries over FY18-20E and believe that premium valuations likely to sustain and maintain a buy with target of Rs 1265," says Sumit Bilgaiyan, Founder of Equity99.
"Healthy return ratios and a cash-rich balance sheet are some of the positives. We maintain our buy rating on the stock," says Sumit Bilgaiyan, Founder of Equity99.
"The company being one of the largest service providers with an extensive network of facilities in a fast-growing third-party logistics market is looking attractive for long term investment. Hence, we recommend buy with target of Rs 780," says Sumit Bilgaiyan, Founder of Equity99.
"Shalby is in sweet spot to undertake inorganic growth opportunities with zero net debt as on M9FY18. We are recommending a buy with target of Rs 255 in the short term," says Sumit Bilgaiyan, Founder of Equity99.
Here is a list of top three stocks which could give up to 17% return in the next 6 months.
Dharmesh Shah of ICICIdirect.com recommends buying Bajaj Finserv with target at Rs 6095 and stop loss at Rs 5190 and has a buy also on Munjal Showa with target at Rs 269 and Stop loss at Rs 208.
Trends witnessed on the Singaporean Exchange indicate a positive opening for the Nifty back home. The SGX Nifty was trading at 10,588.50, up 0.32 percent from its previous close.
"Nifty is likely to get into a trading band of 10,510 to 10,600.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.