Apollo Tyres, mid cap company with very good and strong management.
Ranked number 3 in tyre production in India and having global presence, specially in Europe. Due to recent flood in Kerala production line hit and rise in raw material cost has caused some pressure but performed excellent despite of all this.
It is available at very attractive price and will move upward in next 6 months.
CMP – 198
PE – 12.25
Industry PE – 18.29
Dividend Yield – 1.52 %
Tech Mahindra, a quality technology company available at very attractive price. Fair market valuation will give a long term benefit.
CMP – 706
PE – 16.79
Industry PE – 20.99
Dividend Yield – 1.98 %
ROCE – 31.24%
ROE – 21.39%
Target-1 : 780
Larsen & Toubro Ltd (LT) is a leader in capital goods segment with strong order book and brand value. Company has also presence in aerospace and defense segment, which will give decent return in future.
CMP – 1301
PE – 22.13
Industry PE – 30.42
Dividend Yield – 1.21 %
SEBI has turn down the buyback offer stating the debt ratio in financial services arm. This is mistaken based on the nature of service and sebi regulation. This will fall further as investors holding in assumption of getting the good buyback value. However, it will bounce back very strong on quarterly result and strong order book in near short term.
Buy price :1270 -1280
Target-1 : 1450 (6 months)
Target-2 : 1540 (1 year)
Number 3 technology company in terms of market capitalization.
Having solid business in USA and international market. Recent buyback by company was a price of 1100/- per share. Now trading below the buyback price after capital reduction.
CMP – 941
PE – 13.6
Industry PE – 22.14
Dividend Yield – 1.28%
OPM – 23.30%
Target 1 – 1050 (6-8 months)
Target 2 – 1150 (12 to 18 months)
Infosys Ltd speculating to announce buyback of its share. Buyback is an good option to share the profit with the shareholders and save dividend distribution tax (DDT).
CMP – 667
PE – 17.6
Industry PE – 22.6
Dividend Yield – 6.5
Excellent stock with good management and track record.
Expected to announce buyback date on January 2019 board meeting with buyback price around 750.
Recommended to grab this stock between 650-670 price range to make decent profit in short term. Past buyback ration for retail investor was 50%. Post buyback INFY showed significant improvement. Hope this time expectation ratio will be more than 50%. Remaining stock you can sell on market price which will be higher than the current market price for sure.
ITC, a quality stock is currently available at very reasonable price between 270-275.
ROCE-42 (Highest in the bluechip category)
OPM – 37.96
CMP – 275
Target – 310-315
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