Angel Broking Top Picks July 2017 – GST Stock Picks

angel broking top picks july 2017

The new tax regime that started from July 1, 2017, after the application Goods and Services Tax (GST) is supposed to change the inner dynamics of the market. The GST has affected stocks in many ways saving money in road transport by lifting state entry tax barriers, affected stocks in consumer goods, cars and in several other sectors. The market understands that the GST in present form will go through modifications as and when necessary which will make Indian market more fluid and dynamic as a whole. Angel Broking, considering present circumstances has come up with some stock recommendations. Let us have a closer look at the Angel Broking top picks July 2017. The Angel Broking top picks July 2017 is prepared by the research team of Angel Broking.

Banking sector/ NBFC

  • Dewan Housing – CMP (RS 437.50) Target Price (Rs 520) – As per fiscal 17 data, the EPS is Rs 29.5, P/E 14.8 and projected EPS for fiscal 18 is Rs 36.6.
  • Karur Vysya Bank – CMP (RS 143.90) Target Price (Rs 160) – As per fiscal 17 data, the EPS is Rs 12.6, P/E 11.4 and projected EPS for fiscal 18 is Rs 14.9.

Consumption

  • Asian Granito – CMP (RS 451.15) Target Price (Rs 480) – As per fiscal 17 data, the EPS is Rs 39, P/E 34.3 and projected EPS for fiscal 18 is Rs 48.
  • Blue Star – CMP (RS 600) Target Price (Rs 760) – As per fiscal 17 data, the EPS is Rs 14.9, P/E 41 and projected EPS for fiscal 18 is Rs 22.1.
  • Siyaram Silk Mills – CMP (RS 2236) Target Price (Rs 2500) – As per fiscal 17 data, the EPS is Rs 97.1, P/E 22.7 and projected EPS for fiscal 18 is Rs 113.1.

Automobile sector

  • Maruti Suzuki Limited – CMP (RS 7433) Target Price (Rs 8495) – As per fiscal 17 data, the EPS is Rs 243, P/E 30.3 and projected EPS for fiscal 18 is Rs 291.5.

Media sector

  • TV Today – CMP (RS 259.75) Target Price (Rs 344) – As per fiscal 17 data, the EPS is Rs 15.7, P/E 16 and projected EPS for fiscal 18 is Rs 19.2.

Pharma sector

  • Alkem Lab. – CMP (RS 1833) Target Price (Rs 2161) – As per fiscal 17 data, the EPS is Rs 18.4, P/E 21.6 and projected EPS for fiscal 18 is Rs 19.1.

Real Estate/Infra/Logistics/Power

  • KEI Industries – CMP (RS 235.50) Target Price (Rs 258) – As per fiscal 17 data, the EPS is Rs 12.7, P/E 18.4 and projected EPS for fiscal 18 is Rs 13.
  • Mahindra Lifespace – CMP (RS 442) Target Price (Rs 522) – As per fiscal 17 data, the EPS is Rs 29.9, P/E 14.7 and projected EPS for fiscal 18 is Rs 35.8.
  • Navkar Corporations  – CMP (RS 207) Target Price (Rs 265) – As per fiscal 17 data, the EPS is Rs 6, P/E 35 and projected EPS for fiscal 18 is Rs 11.5.

(All prices mentioned here are either 10 July EOD prices or 11 July Pre -open prices)

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The Angel Broking top picks July 2017, as shown above, is not a recommendation for buy or sell for investors. It is the research report that prompted The Angel Broking top picks July 2017. They also put a disclaimer notice as shown below.

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Author Bio

Partha Dhar

Partha, an engineer by education, is theoratically actively following the stock and commodity markets since 1990. He is an active trader since 2003. He has received formal education in future and options and quantum analysis. He is presently working on research oriented projects using Python and data analytics.

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