"We are bullish on Tata Consultancy Services and expect sunshine to return in this counter. We expect a 30 percent upside by FY19 end," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Here is a list of top 10 high growth stocks which are available at reasonable valuations based on a report from Morgan Stanley.
"We believe the turbulent times for Infosys are over after the exit of its ex CEO and expect it to do well under the new CEO. We do not have price target as of now but will get more clarity on its future strategy after the analyst meet on April 23, 2018," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Global and domestic brokerages remain mixed about the results as some of them have been surprised on lowering of margin guidance. Brokerages such as Jefferies have hiked their target to Rs 1,340 per share from Rs 1,000 per share earlier, an upside of 34 percent.
Infosys and Nestle are being tracked by investors on Monday
Brokerages such as Jefferies have hiked their target to Rs 1,340 per share from Rs 1,000 per share earlier, an upside of 34 percent, citing favourable risk reward. However, Citi has maintained its neutral stance on the stock, reducing its target price to Rs 1,195 per share.
On the earnings front, most brokerages have been conservative with their estimates, but expect a growth of over 1 percent in constant currency revenue.
"We expect full-year EBIT margin at 24.3 percent, above the mid-point of the profitability guidance range of 23-25 percent. Our PAT estimate is an increase of 3 percent Q-o-Q, adjusted for the USD 225 million exceptional reversal of income tax expense provision in the previous quarter," says Sumit Bilgaiyan, Founder of Equity99.
"We would go long ahead of Infosys Q4FY18 result as we expect the company to witness an improvement in earnings before interest and taxes (EBIT) margins in Q4FY18 owing to currency, operational efficiency and automation," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"Nifty is heading towards 10430-10480 levels i.e. 100 and 50 SMA respectively. It might face minor hurdle around 10375 zones," says Rajesh Agarwal of AUM Capital.
Mid-tier companies are expected to report 2-3% constant currency revenue growth sequentially despite seasonal weakness
Adani Ports, Maruti Suzuki and Infosys, among others, are on investors’ radar on Monday.
Here is the list of 12 top stocks that can give upto 47% return over 12-15 months period.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Adani Enterprises and Infosys and can buy Chennai Petro.
Mitessh Thakkar of miteshthacker.com recommends buying Castrol India with a stop loss of Rs 203.50 and target of Rs 214 and Cholamandalam Investment with a stop loss of Rs 1427 and target of Rs 1485.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Godrej Industries and can buy Larsen & Toubro, Infosys and NTPC.
Ashwani Gujral of ashwanigujral.com recommends buying United Spirits, Jubilant Foodworks and NIIT Technologies.
"The association of Indian IT companies are expecting a strong growth in the fiscal year 2019 as most of the companies are able to adapt to the new age digital technologies and are also strengthening in the automation segments which could make the space as one of the strong sectors for the year 2018," JK Jain, Head of Equity Research at Karvy Stock Broking told Moneycontrol.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys and can short BPCL and M&M Financial Services.
Rajat Bose of rajatkbose.com recommends buying Ashok Leyland and Infosys.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Tata Motors around Rs 330 and HDFC Bank at Rs 1740 while one may book profits in Infosys around Rs 1250.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Infosys and Ceat and sell HDFC and M&M Financial Services.
Dalmia Bharat, SBI and Ashok Leyland, among others are being tracked by investors on Thursday.
Taking global cues, Nifty is expected to open flat to negative around 10,460 and likely to remain stuck in the price band 10410 to 10540, says a report by Stewart & Mackertich.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Yes Bank and Federal Bank and can buy Infosys, Indian Bank and V Guard Industries.