Stocks

Here are the top 10 stocks recommended from five leading broking firms based on fundamentals. Broker Stock Target CMP Upside Rationale ICICIDirect Bajaj Finserv 2308 1745 32% Bajaj Finserv reported an increase in loan book by 4x from FY2011-15 and also 36 per cent growth in 9MFY16 YoY backed by a surge in earnings. It is the most profitable and efficient player in the sector. The pick-up in the life insurance business could lead to a valuation upgrade. At 11.6x FY2017 estimated earnings, the stock is reasonably valued.  ICICIDirect Mahindra & Mahindra 1470 1195 23% M&M has launched nine vehicles this year. The company was affected by the loss of market share on the automotive side and the sudden decline in farm equipment business in FY2015. However, it has sustained profit...

As per analysts, India's specialty chemicals industry could be big theme in 2016-2017. The specialty chemicals industry is worth $25 billion and the industry has delivered 13% growth over the past five years. Over the next 12 months, investor can get good returns in the specialty chemicals theme. Here is a list of stocks from various analysts under speciality chemicals theme that investors can look at: Stock Target CMP Upside Rationale SRF 1700 1279 33% Rapid progress which has been made in the high-margin fluoro-speciality and refrigerant gases will drive value growth. Steady free cash flow from technical textiles will also supplement capacity expansion in fluoro-speciality. Phillip Capital estimates SRF to deliver revenue and profit CAGRs of 14% and 22% respectively over FY16-FY...

Rakesh Jhunjhunwala today picked up 1.05 %  stake in Jet Airways for Rs 50.52 crore  @ Rs 422.76 per share. Jhunjhunwala's RARE Enterprises acquired 11,95,000 shares or 1.05 per cent stake in the private airline. The shares were bought at an average price of Rs 422.76, valuing the transaction at Rs 50.52 crore. Rakesh Jhunjhunwala seems upbeat on airline sector. Yesterday, he picked up a substantial number of shares in the Initial Public Offering (IPO) of InterGlobe Aviation, which runs low cost airline Indigo Last year, he had also purchased shares in another aviation company SpiceJet. Following the transaction, shares of Jet Airways today surged by as much as 11.28 % to close at Rs 445.40 apiece on the NSE. During the July-September quarter, Jet Airways posted a consolidated net p...

As per the recent Nomura report (published in ET), Nomura expects a 21 per cent PAT CAGR for private banks and 27 per cent for PSUs in FY15-17F (after remaining flat for five-six years). Retail banks have already started to see a pick-up in retail credit offtake. For corporate banks, Nomura believes earnings will pick up in 2HFY16F with better corporate or fee growth and lower credit costs. The brokerage firm expects reforms and various government initiatives to reflect in bank earnings from 2HFY16F. Top Picks from Nomura

Citigroup has issued its latest report and has adjusted its December-end target for the Sensex to 32,200 from 33,000 earlier. They have also introduced a Jun16 target of 35,000. The equivalent Nifty targets are 9,760 for Dec-15 and 10,600 for Jun-16. he bank has marginally tweaked their model portfolio to factor in changes - raise the banks overweight (OW) further, maintain - auto, cement and pharma as OWs, and additional upgrade telecom / internet from Neutral to OW. Top large-cap picks include names like Adani Ports, Aurobindo Pharma, Axis Bank, Bharti Infratel, Coal India, Dr Reddy's Laboratories, HCL Technologies, HDFC Bank, M&M and State Bank of India. Top midcap picks include names like Apollo Hospitals, Bharat Forge, Container Corp, Emami, Exide, Info Edge, JSW Energy, Petron...

The firm purchased a total of 4,09,675 shares (representing 1.15% stake) of Eicher Motors through a bulk transaction on BSE Foreign fund house Citigroup Global Markets Mauritius on Wednesday acquired shares worth more than Rs619 crore in Eicher Motors, in which Swedish company Volvo sold 4.7% stake for Rs1,920 crore. A total of 4,09,675 shares (representing 1.15% stake) of Eicher Motors were purchased by Citigroup Global through a bulk transaction on stock exchange BSE. Shares of the company were picked up for an average price of Rs 15,111 apiece, amounting the total value of the transaction at Rs619.06 crore, as per bulk deal data of bourses. Swedish commercial vehicle major AB Volvo on Wednesday sold around 4.7% stake (12.7 lakh shares) in Eicher Motors for $310 million (over Rs1,9...

Shares of McNally Bharat Engineering climbed 15 % intraday on Wednesday after the engineering company allotted shares worth Rs 25 crore to Rekha Jhunjhunwala.  The company has allotted 25 lakh equity shares to Rekha Rakesh Jhunjhunwala, the wife of ace investor Rakesh Jhunjhunwala, at Rs 100 a piece on a preferential basis. Allotment price was at a 10 percent premium to Tuesday's closing price. The Kolkata-based turnkey solutions provider also allotted 20 lakh shares to promoter Williamson Magor & Company at same price. Promoter currently held 10.23 percent stake in the company as of December 2014 while other promoters have 22.08 percent stake. At 10:42 hours IST, McNally Bharat Engineering was quoting at Rs 100.60, up Rs 9.50, or 10.43 percent.

Goldman Sachs is set to invest USD 300 million (Rs 1,850 crore) in a joint venture company floated by listed developer Nitesh Estates, which will own and operate commercial real estate assets in India, According to report, Goldman will hold 74 % and the remaining 26% will be held by the Bangalore-based real estate developer. "The JV entity is planning to acquire rent-yielding office parks, shopping malls and luxury hotels. The impending deal is a proprietary investment from the Goldman Sachs balance sheet which has assets estimated at over USD 900 billion," says the report. At 10:35 hours IST, the scrip of Nitesh Estates was quoting at Rs 12.58, up Rs 2.09, or 19.92 percent on the BSE. There were pending buy orders of 353,093 shares, with no sellers available.

Reliance Infrastructure Limited today announced the acquisition of Pipavav Defence and Offshore Engineering Company Limited, together with sole management control. Reliance Infrastructure, together with its wholly owned subsidiary Reliance Defence Systems Private Limited, has agreed to acquire from the Promoters of Pipavav Defence 13,00,00,000 equity shares representing approx. 18% shareholding in the Company at a price of Rs. 63 per Share, aggregating Rs. 819 crore. Pursuant to the aforesaid acquisition resulting in a change in management and control of the Company, Reliance Defence Systems Ltd., a subsidiary of Reliance Infrastructure Ltd. has issued a Public Announcement to make a mandatory open offer to acquire 26% shares from the public shareholders of the Company, at a price of ...

February 11, 2015 Rakesh Jhunjhunwala bought 34,85,075 shares of Fortis Healthcare through bulk deal on the BSE today. The scrips were purchased on an average price of Rs 119.35 per share at a total transaction value at Rs 41.6 crore Shares of Fortis Healthcare climbed by 20 per cent to settle at 52-week high of Rs 138.90 a piece. Also Read - Rakesh JhunJhunwala Latest Portfolio holdings - Feb 2015 ------------------ Fortis Healthcare Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 6430.45 Cr.) operating in Pharmaceuticals and health care sector. Fortis Healthcare Ltd. key Products/Revenue Segments include HealthCare Services which contributed Rs 346.48 Cr to Sales Value (93.28% of Total Sales), Other Operating Revenue which contributed Rs 13.42 ...