Recommended Stocks To Buy And Sell This Month
It is expected 13-14% revenue CAGR over next 3-5 years, RoCE at 50%, and most of FCF to be distributed back to shareholders. Hence, you must buy CRISIL at target of Rs 2241.
Buy Phoenix Mills
The Phoenix Mills, largest mall developer in the country, won the bid of acquisition of a mall in Indore. The company is believed to generate net cash flow of Rs 25-30 bn in upcoming 5-6 years. The company will be using this fund for the growth of its services. Hence, you must buy Phoenix Mills at target of Rs 707
Buy Suprajit Engineering
This is India’s leading company that design and manufacture a wide range of control cables for marquee automotive, non-automotive manufacturers. Suprajit has consistently outperformed industry on revenue/EBITDA CAGR over the past decade, while maintaining RoCE at ~30% With capacity in place, the company is well placed to capitalize on growth opportunities. Go over buy with target price of Rs 326.
Buy Endurance Technologies
Endurance Technologies is one of India’s leading automotive component manufacturing companies. FY18-20 earnings CAGR of 34% are expected. You must buy Endurance Technologies with target price of Rs 1,540.
Sell Power Grid
This is an electric utilities company based in India. Technical analysts have come out with opinion to Sell Power Grid with a stop loss at Rs 193 for target at Rs 186.