Mid Term Stock Picks - Apr 13, 2011
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Mid Term Picks on
Apr 12th, 2011 |
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The following stocks have recommended for Mid Term Investment by Broking House ICICIdirect
Jayshree Tea
- Recommendation: Buy
- Market Price: Rs 178
- Target Price: Rs 190
- Jayshree Tea will benefit from the synchronous rise in domestic and global tea prices. We believe tea prices would remain firm, susequently improving the company’s earnings. We expect net profit to grow at a CAGR of 15% from FY11 - FY13E.
KEC International
- Recommendation: Buy
- Market Price: Rs 86
- Target Price: Rs 97
- KEC is improving its competitive positioning by undertaking M&As and boosting capabilities to execute larger T&D projects. With the positive global macro-economic environment, and greater focus on the US market, we expect KEC to post robust growth of the order book.
McNally Bharat
- Recommendation: Buy
- Market Price: Rs 218
- Target Price: Rs 238
- We expect McNally to deliver revenue and earnings CAGR of 19% and 28% over FY10 - FY13E, respectively. This will be mainly driven by a healthy order backlog, traction in performance of subsidiaries and a gradual improvement in operating margins.
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