20-Feb-2014
Following are the brokerage’s views on the companies that can deliver over 25 % returns.
ING Vysya Bank: Target price Rs 711 ( CMP 553 – Upside 28% )
- Strong Tier 1 (14.5%) and higher PCR% (88%)
- stock currently trading at 1.3x FY15 P/B
- potential M&A option
Bajaj Auto: Target price Rs 2,355 (CMP 1825 – Upside 29%)
- Trading at 13.5x FY15E earnings ( ubstantial discount despite visibility of 18- 20 per cent CAGR growth till FY16
- 13% discount to Hero Motocorp