Moneycontrol
HomeNewsBusinessStocksBet on 'safer' stocks than 'profit-making' one: Religare Sec
Trending Topics

Bet on 'safer' stocks than 'profit-making' one: Religare Sec

The new year is going to be ‘uncertain’ and hence, one must look at ‘safer stocks’ than profit-making ones, says Jayant Manglik, Presaident-retail of Religare Securities.

January 01, 2016 / 11:39 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

The new year is going to be ‘uncertain’ and hence, one must look at ‘safer stocks’ than profit-making ones, says Jayant Manglik, Presaident-retail of Religare Securities. On basis of six key parameters like good growth rate, debt position and stable Balance Sheet, Manglik has put together four stock ideas for 2016. The first name of his list is Somany Ceramics with a comfortable debt-equity ratio at less than one. The company does not have cashflow issues and the new Petronet-RasGas agreement will help the company further. Manglik is positive on the stock with a target price of Rs 455 per share. The second stock he recommends is Britannia with its strong balance sheet. The debt-free company is expected to benefit from pick-up in both rural and urban demand. Also, the net profit margin for the company is over 10 percent, he added.His other two recommendations are Century Ply and Amara Raja. The former is expected to benefit from the Prime Minister’s Housing for All scheme and upcoming pay commission. Increased discretionary spending will help the company, he added. Amara Raja, he says is one of the top midcap performer bet of 2016 and will see 20-25 percent upside from its current levels. Watch video for more.

first published: Jan 1, 2016 11:00 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!