Mid Term Stock Picks - Apr 26, 2011
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Mid Term Picks on
Apr 25th, 2011 |
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The following stocks have recommended for Mid Term Investment by Broking House Angel Broking.
HCL Technologies
- Recommendation: Buy
- Market Price: Rs 515
- Target Price: Rs 603
- Hcl Tech will outperform among tier-I IT firms, with revenue (INR terms) CAGR of 23.7% over FY2010-13E. Levers such as managing SG&A, expanding utilisations and turnaround in the BPO segment are expected to improve margins.
Britannia Industries
- Recommendation: Buy
- Market Price: Rs 379.10
- Target Price: Rs 458
- We expect Britannia to register a 14% CAGR in its top-line, aided by high volumes and improving sales mix. We expect volumes growth for Britannia to be in line with the industry at 6% over FY2011-13E, driven by low-price and value-added products.
Sadbhav Engineering
- Recommendation: Buy
- Market Price: Rs 145.45
- Target Price: Rs 161
- We are optimistic on the road segments as the NHAI has started awarding more contracts. The company to log a CAGR of 13.9% and 10.3% in its top-line, respectively over FY2011-13 on the back of high base created in FY2011.
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