Nifty is @ 10000 mark. most of you must
be wondering which stock to buy from here. We present you list of stock which
looks fundamentally attractive even at these levels.
Bajaj Finance Ltd:
The Company is enhancing its value proposition
for the consumers by tying up with online retailers to finance online
purchases, which is a big opportunity. All these along with rate cut will boost
its revenues that can propel the stock to new highs. At current price Rs.1560, Bajaj
Finance focusing on core expertise of consumer financing and consistent
track-record of industry leading profitability (RoEs of 20%+), we assign a
target multiple of the stock at Rs.1,700 . with a potential upside of 8%;
therefore, we recommend to ACCUMULATE the stock.
M&M Finance:
A
significant part of the business is generated through rural demand, which is
very price-sensitive. With reduction in interest rate, lower inflation in the
economy, and pick up of economic activities, delinquencies will reduce, which
will boost profitability of the company. The company operates with professional
management, offering wide bouquet of financial services to the rural economy. One
interesting stock that is M&M Financial Services which had
bad results but good price action. It looks like that can get up to Rs 400.
Yesbank Bank:
YES
Bank scaled fresh record high of Rs 1716.90 on Wednesday after the private
sector lender announced sub division of equity shares in the ratio of
1:5. The lender also reported 32 per cent rise in net profit at Rs 965.52 crore
for the first quarter. I would suggest to holding Yes Bank at current
levels, because in yesbank growth will be better than the rest of the private
banks. and terms of valuations, after the fund raising that they have done in
the recent past, they still remain attractive."I
would suggest to continue holding Yes Bank for target of Rs 1,750-1,770 is
definitely on the cards.
