Indian markets have been bullish but there have been concerns with regards to the GDP data. PSU Banks did well which was up 5.9% while IT was down by 1.1%. We expect positive sentiments in the Indian markets.We have a buy on HSIL with the target of Rs 58.80 and stop loss of Rs 40.90, an upside of 25%. The operating margins have doubled. HSIL has created two wholly-owned subsidiaries, one focusing on retail and consumer segment and the other on building products and marketing segment. It has a long pedigree and good management. The promoters have reasonable ownership, close to about 50%. They have a diverse portfolio. It trading at about 3.6 times which is fairly reasonable, said Dinesh Rohira of 5nance.comLIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
Last Updated : Dec 02, 2019 01:14 PM IST | Source: Moneycontrol.com
Buy or Sell | Market likely to stay positive, HSIL may return 25%
First Published on Dec 2, 2019 01:14 pm