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Tuesday, March 31, 2009

Best stocks to buy now for 2009 - 2010 : top 15 stocks from Kotak

In last few days stock trades & volumes have picked up substantially in the market, institutional investors are buying stocks, foreign institutional investors (FIIs) have bought 1,600 crore in the last five days.

Kotak Institutional Equities team has put out a list of top 15 stocks to buy now for 2009 - 2010, which are not penny stocks but are reasonably large cap names and stock buying in these counters can give returns of 50-100% over the next 18 months.

Most analysts believe that domestic participation has picked up quite significantly and so people may trade back into the market as there are lots of values and accumulate stocks.

Following are Sanjeev Prasad, ED, Kotak Institutional Equities' fabulous 15 picks

Punjab National Bank (PNB): Valuations are attractive and gross non-performing loans (NPLs) are seen at 5% for FY11

HDFC Bank: It is a large cap stock with attractive valuations

Axis Bank: Valuations are cheaper than that of HDFC Bank and see high return on equity (ROE)

United Phosphorous: See fair value of the company and in a year�s time it would be Rs140-150 per share

Crompton Greaves: See seven times prcie to earnings (PE) on 2010 numbers. It is a pretty good buy, despite whatever has happened on the investment in the power

India Infoline: The brokerage stock will see upside in market volumes

Tata Steel: See FY10 earnings per share (EPS) at Rs 55

Indiabulls Real Estate: The occupancy levels in the properties are going higher and there will be a re-rating of the stock to some extent.

Reliance Infrastructure: See clarity in Q4 on the usage of cash available with the company

JP Associates: The company will benefit from higher cash flows from its cement business

Biocon: Although valuations are cheap and the stock has fallen a bit, but by 2010 things will start improving.

CHECKOUT: Best Stocks To Buy In 2010 - Let's Share Ideas


Other fab picks mentioned in the report were:
DLF

Hindustan Zinc

Tata Power

Federal Bank

However, ICICI Bank is suffering from bad news and thus more clarity is expected on that front so that has not been added to the list. Nonetheless, the company can be re-rated and can be perceived as a stock to be bought in future.
Source: Moneycontrol

4 comments:

  1. HERO GROUP MAJOR STACK HODLER OF MUNJAL SHOWA HIDING IN MARKET WITH SLOW MOVEMENT LIKE LOCAL TRAIN OF BOMBAY AND WILL SPEED UP WITH HIGH YEILD AND DIVIDEND. AT PRESENT VERY LOW PRICE OF 25/- ONLY SHOULD BE 250 TO rS 300/-

    ReplyDelete
  2. HERO GROUP MAJOR STACK HODLER OF MUNJAL SHOWA HIDING IN MARKET WITH SLOW MOVEMENT LIKE LOCAL TRAIN OF BOMBAY AND WILL SPEED UP WITH HIGH YEILD AND DIVIDEND. AT PRESENT VERY LOW PRICE OF 25/- ONLY SHOULD BE 250 TO rS 300/-

    ReplyDelete
  3. HNIDALCO RIDING HIGH WITH TARGET OF 150/- IN NEXT ONE OR TWO MONTHS

    ReplyDelete
  4. On what basis are you providing a target for Mujal Showa? ... If you have any information and would like to share, you are welcome ... I will publish that information here in this blog so all readers get benefitted :)

    ReplyDelete

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