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Buy Phoenix Mills; target of Rs 785: Motilal Oswal

Motilal Oswal is bullish on Phoenix Mills has recommended buy rating on the stock with a target price of Rs 785 in its research report dated May 16, 2019. Motilal Oswal's research report on Phoenix Mills Revenue grew 66% YoY to INR7,232m (our estimate: INR4,839m) in 4QFY19, driven by revenue recognition of INR3,170m in Kessaku, Bengaluru. EBITDA increased 74% YoY to INR3,771m (our estimate: INR2,419m), with the margin expanding 260bp YoY to 52% (our estimate: 50%). Adj. PAT grew over 100% YoY to INR1,879m, higher than our estimate of INR655m, led by profits from kessaku recognition. For FY19, revenue grew 22% to INR19.8b, EBITDA increased 28% to INR9.9b and PAT was up 97% to INR4.7b. Outlook We value PHNX’s retail assets based on the DCF-based NAV approach, assuming a cap rate of 8.5% (HSP - 8%) and a discount rate of 13.5%. We maintain Buy with a SOTP-based TP of INR785 (upside 27%). For more information Best stock advisory company in Indore 

ऑटो सेक्टर के लिए मुश्किल है राह, सिर्फ चुनिंदा शेयरों में दिख सकती है तेजी

आटो कंपनियों के लिए तेज ग्रोथ का दौर खत्म हो चुका है. इलेक्ट्रिक व्हीकल के आने से हालात में बदलाव दिख सकता है. फरवरी में ऑटो कंपनियों की बिक्री कमजोर रही. विश्लेषकों का कहना है कि शादी के सीजन और लोकसभा चुनावों से भी पैसेंजर व्हीकल की बिक्री में ज्यादा उछाल की उम्मीद नहीं है. हालांकि, मध्यम अवधि में दोपहियों की बिक्री बढ़ सकती है. ऐसे माहौल में विश्लेषकों का कहना है कि दोपहिया के मुकाबले कार बनाने वाली कंपनियों में निवेश करना बेहतर रहेगा. इसकी वजह यह है कि इसमें प्रतिस्पर्धा अपेक्षाकृत कम है. इस सेगमेंट में मारुति सुजुकी पहली पसंद है. दोपहिया कंपनियों में बजाज ऑटो पहली पसंद बनी हुई है. ज्यादातर विश्लेषकों का कहना है कि आने वाले महीनों में कमर्शियल व्हीकल सेगमेंट शेयर बाजार को निराश करता रहेगा. गाड़ियों का स्टॉक (इनवेंट्री) काफी बढ़ गया है. भारतीय रिजर्व बैंक (RBI) के ब्याज दर में कमी करने से ग्राहकों के सेंटिमेंट में ज्यादा बदलाव नहीं आया है. लोकसभा चुनाव दूसरी चिंता हैं. सेंट्रम ब्रोकिंग के अनुसार, गाड़ियों की मांग में अस्थिर जारी रहेगी. ग्रामीण इलाकों ...

Here are 16 fundamental midcap picks by Ambit Capital available at cheap valuation

“The rationale to screen the resultant list of stocks for a minimum pre-tax RoCE of at least 15 percent in FY18 is to identify firms that would at least meet the cost of capital,” said the report. After a steep correction in valuations of small and midcaps in the last one year—25 percent fall in BSE Smallcap index on P/B compared to 9 percent dip in Nifty—valuations have become attractive for some small-caps. Using a combination of top-down qualitative and quantitative parameters, Ambit Capital has identified high-quality businesses in midcaps with sound fundamentals that are trading at attractive valuations to historical averages. The brokerage house highlights 16 stocks that clear their cut-off of 15 percent RoCE, cash flow quality and growth, Piotroski’s ‘F’ score and filters on accounting and greatness. Ambit Capital arrived at a list of 16 companies that clear the filters with an average FY18 RoCE of 24 percent and 6-year cumulative CFO/EBITDA of 105 percent. Alth...

Coal India gains as Jefferies sees 44% upside on cheap valuations

The stock price fell 26 percent in the last 6 months on volume growth concerns. Hence, the valuation appears cheap at current levels, Jefferies said. Coal India shares gained nearly a percent intraday Tuesday after global brokerage house Jefferies has a buy rating on the stock with a price target at Rs 309, implying a 44 percent potential upside from November 25's levels. The stock price fell 26 percent in the last 6 months on volume growth concerns. Hence, the valuation appears cheap at current levels, it said. Now the resolution of short term disruptions and recent environment clearance approval could lift volume growth, according to the brokerage house which beliefs with power plant coal stocks normalizing, e-auction mix should improve. Operating leverage gains should keep costs stable, it said. At 11:41 hours IST, the stock was quoting at Rs 215.15, up Rs 0.70, or 0.33 percent on the BSE. For more trading tips find  top 10 stock advisor...

Brokerage Calls: Nomura positive on corporate banks, CLSA raises target for Shree Cements

Nomura said it has a Buy rating on ICICI Bank, Axis Bank and State Bank of India We have collated a list of recommendations from various global brokerage firms for February 21. L&T | Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 1,786 L&T's Q4 orders are tracking well, according to Morgan Stanley. "Guidance implies inflows of Rs 49,000 crore in Q4. Order inflows ex-services are at Rs 41,300 crore," the brokerage said in a research note. Dr . Reddy's Laboratories   | Brokerage: Morgan Stanley | Rating: Overweight| Target: Rs 3,197 The company remains at a risk because of the underlying court case, Morgan Stanley said. Gujarat State Petronet | Brokerage: HSBC | Rating: Reduce | Target: Rs 138 The brokerage slashed the stock's target price to Rs 138 from Rs 152, keeping the Reduce rating."The decline in gas volumes may lead to reduced profitability next year," HSBC said. Nomura on Banks Nomura said it has...

SEBI may allow mutual funds & PMS in commodities at March board meet; indices too on cards

SEBI may also give its consent to indices in the commodities market The Securities and Exchange Board of India (SEBI) may allow mutual funds and portfolio management services (PMS) in the commodities market at its upcoming board meet scheduled for the second week of March. The markets regulator has almost finalized regulations for their entry as a new participant. A source close to the development told Moneycontrol that SEBI has already amended its custodian regulation so that they can hold warehouse receipt as collateral. “But even after that regulator tried to allay all concerns raised by custodians, they remained unconvinced and refused to take responsibility of underlying assets, which is lying at warehouses, especially keeping in mind the National Spot Exchange fiasco,” the source added. In 2013, NSEL defaulted as there were no commodities present as per that mentioned in its books. However, SEBI and exchanges highlighted the various regulatory changes undertaken ...

शेयर बाजार का बादशाह राकेश झुनझुनवाला

शेयर्स मार्केट में इन्वेस्टमेंट करने से लोग अक्सर डरते है। बहुत से लोगो ऐसा मानते है की शेयर्स मार्केट(Stock Market) ऐसा क्षेत्र है जहा लोग अपना पैसा बर्बाद कर देते है। पर इसी भारतीय सोच को दूर कर कुछ लोग इस क्षेत्र में पैसो के साथ बहुत बड़ा नाम कमा रहे है, इनमे से एक है। – राकेश झुनझुनवाला जो लोग इन्वेस्टमेंट या शेयर बाज़ार की दुनिया से वाकिफ है वह इस नाम को बखुब ही जानते होंगे। राकेश झुनझुनवाला शेयर बाजार में काफी सालो से काम कर रहें है और इस क्षेत्र में उनका नाम बहुत आदर से लिया जाता है। काफी कम पैसो से उन्होंने अपने करियर की शुरवात की थी और कुछ सालो में अपनी अप्पर मेहनत और असामान्य बुद्धिमत्ता से बहुत बड़ा व्यापर खड़ा किया। और आज उन्हें शेयर बाजार में काम करने वाले लोग अपना गुरु मानते है। राकेश झुनझुनवाला को अक्सर Indian   Warren Buffet  (वारेन बुफे) भी माना जाता है। राकेश झुनझुनवाला एक भारतीय निवेशक और व्यापारी है। उन्होंने चार्टर्ड अकाउंटेंट की पढाई की है। और उनकी कंपनी रेयर एंटरप्राइज को एक सहयोगी की तरह संभाल कर रखा है। उनके investment जगत के ज्ञान...

PNB Gilts rises 15% as co posted profit in Q3

Revenue was up at Rs 202 crore against Rs 44 crore. PNB Gilts shares rose 16 percent intraday Thursday after the company reported a net profit in the quarter ended December 2018. It has posted a profit of Rs 93.3 crore in Q3FY19 against loss of Rs 36 crore, YoY. Revenue was up at Rs 202 crore against Rs 44 crore. The share touched its 52-week high Rs 40.40 and 52-week low Rs 24.00 on 09 April 2018 and 01 October 2018, respectively. Currently, it is trading 24.38 percent below its 52-week high and 27.29 percent above its 52-week low. At 14:30 hrs PNB Gilts was quoting at Rs 32.65, up Rs 3.30, or 11.24 percent on the BSE. Do something different, now what? You can find  Best Stock Market Advisory in Indore  for daily share market recommendations.

Rs 50,000 crore investment in city gas projects in 10th CGD round: PNGRB

Bidding for the 10th round of City Gas Distribution (CGD) licenses closed on February 5. For more  Stock market  information An investment of about Rs 50,000 crore is expected in setting up of CNG stations and pipelines to take cooking gas to households in 50 towns and cities that were bid out for city gas license in the 10th round, oil regulator PNGRB said. As many as 225 bids were received for a license to retail CNG to automobiles and piped natural gas to households in 50 geographical areas (GAs) offered in the 10th City Gas Distribution bidding round, the Petroleum and Natural Gas Regulatory Board (PNGRB) said in a statement. Bidding for the 10th round of City Gas Distribution (CGD) licences closed on February 5. "The technical bids would be opened between February 7 and 9," it said adding licenses would be awarded by month end. It, however, did not disclose the identity of the bidders, which would be known only after bids are opened later thi...

Accumulate HCL Technologies; target of Rs 1170: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on HCL Technologies with a target price of Rs 1170 in its research report dated January 29, 2019. Prabhudas Lilladher's research report on HCL Technologies HCL Tech Q3FY19 results were solid with a strong beat on revenues and inline PAT. Led by Strong revenue beat in Q4, we now model HCL tech’s USD revenue growth assumptions to 9.8/10.2/10.3% for FY19/20/21E (vs 8.9/9.5/10.3%). Our USD/INR assumptions are at 70/72/72.5 for FY19/20/21E. We upgrade our EPS estimates by 0.8/1.9/5.5% to Rs75/84/95 for FY19/20/21E. Outlook HCL Tech currently trades at 11.7x FY20E EPS and 11x Sep20E EPS. We revise our TP by 6% to Rs1170/sh (13x Sep20E EPS). For more trading tips find  top 10 stock advisory company Indore

Share Market: बाजार को नही भाए कंपनियों के नतीजे, सेंसेक्स में 368 अंकों की गिरावट

कंपनियों के खराब तिमाही नतीजों के कारण सोमवार को बाजार में छाई बिकवाली से बंबई स्टॉक एक्सचेंज का बीएसई 368 अंकों की बड़ी गिरावट के साथ 35656 अंकों पर बंद हुआ। सुबह हरे निशान में शुरुआत के बाद जैसे-जैसे कंपनियों के तिमाही नतीजे आने शुरु हुए, वैसे ही बीएसई में गिरावट का दौर शुरू हो गया। शुरुआती की बढ़त को छोड़ दें तो बाजार सेंसेक्स में दिनभर लाल निशान में कारोबार चला और अंत में 1.02 फीसदी की गिरावट के साथ बंद हुआ।  बीएसई मिडकैप 270 और स्मॉलकैप 278 अंकों की गिरावट के साथ लाल निशान में बंद हुए। आईटी और टेक को छोड़कर सभी सेक्टोरियल इंडेक्स लाल निशान के साथ गिरावट में बंद हुए। 10,700 से नीचे आया निफ्टी नेशनल स्टॉक एक्सचेंज का एनएसई भी बिकवाली के कारण फिसल गया और 119 अंकों की गिरावट के साथ 10,700 अंकों के स्तर से गिरकर 10,661 अंकों पर बंद हुआ। 50 शेयरों के संवेदी सूचकांक निफ्टी में 14 शेयर हरे और 36 शेयर लाल निशान में बंद हुए। सेक्टोरियल इंडेक्स की बात की जाए तो निफ्टी में आईटी और मीडिया को छोड़कर सभी सेक्टर लाल निशान में बंद रहे।  इन शेयरों में रही तेजी बीएसई में...

Rupee gains 21 paise in early trade to 70.96 per US dollar; 10-year govt bond yields up

Rupee vs US dollar:  The Indian rupee today opened at 70.96 per US dollar, up 21 paise from the previous close, data available with the Bloomberg website showed. Market Tips and recommendations Follow  Marketcaptains Rupee vs US dollar:  The Indian rupee gained as much as 21 paise in the early morning trade on Monday to 70.96 per US dollar from the previous close of 71.17 per US dollar. The domestic currency today opened at 70.96 per US dollar, up 21 paise from the previous close, data available with the Bloomberg website showed. At 9:30 AM (IST), the domestic currency was trading at 71.07 per US dollar, up 9 paise from the previous close of 71.17 per US dollar, after touching an intraday low of 71.08 per US dollar and an intraday high of 70.96 per US dollar, data showed. On Friday, the rupee fell by 10 paise to close at 71.17 amid rising demand for the US currency from exporters and heavy selling in domestic equities. ...

Silver futures marginally up by Rs 7

At the Multi Commodity Exchange, silver for delivery in March was trading higher by Rs 7, or 0.02 percent, at Rs 39,205 per kg in a business turnover of 871 lots. For more  Stock market   information Silver prices were marginally up by Rs 7 to Rs 39,205 per kg in futures trade Monday after participants raised their bets even as the white metal held steady overseas. At the Multi Commodity Exchange, silver for delivery in March was trading higher by Rs 7, or 0.02 percent, at Rs 39,205 per kg in a business turnover of 871 lots. Analysts attributed the rise in silver prices in futures trade to raising of bets by participants. Globally, silver was steady at USD 15.33 an ounce in Singapore Monday. Do something different, now what? You can find  Best Stock Market Advisory in Indore  for daily share market recommendations.