In CNBC-TV18's popular show Bull's Eye, Dharmesh Kant of Indianivesh Securities shares his trading strategies for the day.
One may buy Motherson Sumi Systems for a price target of Rs 220 and a stoploss of around Rs 200. It came out with decent set of numbers where their revenue grew by around Rs 20 percent, their EBITDA grew by around 49 percent and the profit after tax (PAT) grew by over 140 percent. The management sounded confident on the growth in the near-term and I think the present momentum is likely to continue taking the stock forward to Rs 220 levels.
One may buy Bank of India for a price target of Rs 210 keeping a stoploss of around Rs 174. It came out with decent set of numbers where the advances grew by around 20 percent and deposits grew by around 25-26 percent. If you look at their non-performing asset (NPA), gross NPA and net NPA, both showed sequential as well as year-on-year (Y-o-Y) declines. I think at a price to book value of 0.43X, the stock looks pretty attractive.
One may buy IndusInd Bank for a price target of around Rs 420 with a stoploss of around Rs 379. It came out with decent set of numbers where deposits grew by 10 percent and advances grew by over 20 percent. The CASA base has been improving sequentially. If one looks at last four-five quarters, I think the stock looks pretty attractive at 2.4X price to book value, one-year forward basis.
One may buy Granules India. This is a smallcap pharmaceutical stock primarily catering to the likes of paracetamol and Ibuprofen. I think with our topline growth of around 10-12 percent for last four-five quarters and bottomline growth of around 15 percent for last four quarters on a sequential basis, the stock looks pretty attractive while standing at a P/E multiple of 5X one year forward earnings multiple.
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