Moneycontrol PRO
HomeNewsBusinessStocksInvestment strategies: 3 Bumper stocks to strike gold

Investment strategies: 3 Bumper stocks to strike gold

Credit Suisse maintains outperform on Strides Shasun expecting recovery in H2FY17. It has cut estimates by 30 percent/22 percent in 2017/18 to factor in API weakness. It says margin may hit 20 percent in second half with recovery in Africa business.

August 18, 2016 / 12:55 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Here are three stocks that brokerage firms are betting on

    Power Grid

    Macquarie maintains outperform rating with target increased to Rs 193 from Rs 174 per share. It believes current multiples have moderate re-rating potential. 

    Bank of America Merrill Lynch retains neutral rating with increased target price to Rs 184 from Rs 166 per share on potential overhang of a delay in receivables.  It has increased FY17-19 EPS by 1-5 percent to account for higher capitalisation

    Credit Suisse has an outperform call with raised target to Rs 225 from Rs 200 per share. It has increase FY17-19 EPS by 4-5 percent based on higher incentives.

    Strides Shasun

    Macquarie cuts FY17/18 EPS estimates by 15/6 percent with target price cut to Rs 1550 from Rs 1650 per share.  It has cut estimates driven by lower contribution from PSAI and EM business.

    Credit Suisse maintains outperform expecting recovery in H2FY17. It has cut estimates by 30 percent/22 percent in 2017/18 to factor in API weakness. It says margin may hit 20 percent in second half with recovery in Africa business.

    Sun Pharma

    Credit Suisse maintain outperform with Halol resolution could bring back EBITDA of USD 90 million.

    first published: Aug 18, 2016 09:33 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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347