Mehraboon Irani, head-private client group business at Nirmal Bang Securities said overall market trend continues to be positive as macroeconomic picture of India remains strong. He expects earnings growth to accelerate going ahead.
Dalmia Bharat: Buy for a target of Rs 2,300 over next two quarters. It is a clear case of operational leverage with capacity of 23 million tonnes and operating at 11 million tonnes right now.
OCL India: It is a Dalmia Group company. We see 50 per cent upside in the stock. Over next six months to one year both Dalmia Bharat and OCL India may get merged. If this (merger) happens, then OCL India would gain more than Dalmia Bharat.
Edelweiss Financial Services/IIFL Holdings/Motilal Oswal Financial Services: The reforms that are happening in India will continue to support volume growth for brokerage companies. If equity markets in India will go up, then brokerage stocks will do well and investors should have at least one brokerage stock in their portfolio. My first preference would be Edelweiss Financial Services followed by IIFL.
Mold-Tek Packaging: This South-based company is involved in the business of manufacturing plastic packaging containers. Valuations are very attractive in the company and it is likely to do well as it is expected to get some more orders.
Lumax Auto Technologies: Earnings per shares (EPS) of the company is expected to be Rs 33 this year and Rs 40 next year. This stock is available at 30-40 per cent cheaper valuation compared to other auto ancillary companies. Over the next two-three quarters the stock can touch Rs 650.
Disclaimer: Investors are advised to make their own assessment before acting on the information.
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