Stock that can deliver over 25% returns – Espirito Santo

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espirito-santo-securities

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

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