Rajen Shah, CIO at Angel Broking is positive on Exide Industries.
Rajen Shah, CIO of Angel Broking expects 25 percent upside in Crompton Greaves, citing the worst is almost in the pricing. Rajen Shah also sees a number of projects which were stalled, getting activated in coming 6-9 months before the elections.
Rajen Shah, CIO at Angel Broking feels that Mangalore Chemicals and Fertilisers can give 50 percent upside over the next 12 months.
Rajen Shah, CIO at Angel Broking is of the view that one can see modest upside in Wockhardt. "At this level it is trading at just about 10 times the current year earnings. So nothing much to lose from the current levels,"he adds.
One can see modest upside in Tata Steel, says Rajen Shah, CIO at Angel Broking. He expects Tata Steel to post somewhere around Rs 2,800 crore of net profit.
Rajen Shah, CIO at Angel Broking feels United Phosphorous can go upto Rs 260-280. He sees 60-70 percent kind of upside in the stock, over the next 18-24 months.
Rajen Shah, CIO at Angel Broking feels that over the next two-three years Finolex Cables could move beyond Rs 150. Its 90 percent of the turnover comes from electrical cables and 10 percent comes from communication cables, he adds.
Rajen Shah, CIO at Angel Broking is not bullish on gold loan finance companies like Muthoot Finance and Manappuram Finance.