Angel Broking Top Picks: Stock Recommendations

Angel broking top picks july 2017

Introduction

The Goods and Services Tax (GST) implemented in July 2017 has had a significant impact on various sectors of the Indian market. The market anticipates that the GST in its current form will undergo modifications. The authorities will do it as and when necessary, making it more dynamic and fluid. With these circumstances in mind, Angel Broking has come up with some stock recommendations. Let’s take a closer look at their top picks for this month.

Angel Broking Top Picks and Stock Recommendations

Let us discuss the stock recommendations by Angel Broking sector-wise.

Angel Broking Best Picks on Banking Sector and NBFC

Dewan Housing and Karur Vysya Bank are the two banking stocks recommended by Angel Broking’s research team. As of the fiscal year 2017, the EPS for Dewan Housing was Rs 29.5. Its P/E ratio is 14.8, and the projected EPS for the fiscal year 2018 is Rs 36.6. Similarly, Karur Vysya Bank had an EPS of Rs 12.6, and a P/E of 11.4. It has a projected EPS of Rs 14.9 for the fiscal year 2018.

Angel Broking Stock Recommendations on Consumption Sector

Angel Broking’s top picks for the consumption sector include Asian Granito, Blue Star, and Siyaram Silk Mills. The EPS for Asian Granito was Rs 39, P/E 34.3, and the projected EPS for the fiscal year 2018 is Rs 48. Blue Star had an EPS of Rs 14.9, P/E 41, and the projected EPS for the fiscal year 2018 is Rs 22.1. Siyaram Silk Mills had an Earnings per Share (EPS) of Rs 97.1, P/E 22.7, and the projected EPS for the fiscal year 2018 is Rs 113.1.

Angel Broking Top Picks on Automobile Sector

Angel Broking’s top pick for the automobile sector is Maruti Suzuki Limited. As of the fiscal year 2017, the EPS for Maruti Suzuki Limited was Rs 243, P/E 30.3, and the projected EPS for the fiscal year 2018 is Rs 291.5.

Angel Broking Stock Recommendations on Media Sector

Angel Broking’s top pick for the media sector is TV Today. As of the fiscal year 2017, the EPS for TV Today was Rs 15.7, and a P/E of 16. Also, its projected EPS for the fiscal year 2018 is Rs 19.2.

Angel Broking Stock Recommendations on Pharma Sector

Angel Broking’s top pick for the pharma sector is Alkem Lab. As of the fiscal year 2017, the EPS for Alkem Lab was Rs 18.4, P/E 21.6, and the projected EPS for the fiscal year 2018 is Rs 19.1.

Angel Broking Best Picks for Real Estate/Infra/Logistics/Power

Angel Broking’s top picks for the real estate/infra/logistics/power sector include KEI Industries, Mahindra Lifespace, and Navkar Corporations. As of the fiscal year 2017, the EPS for KEI Industries was Rs 12.7, P/E 18.4, and the projected EPS for the fiscal year 2018 is Rs 13. Mahindra Lifespace had an EPS of Rs 29.9, a P/E of 14.7, and the projected EPS for the fiscal year 2018 is Rs 35.8. Navkar Corporations had an EPS of Rs 6, P/E 35. Moreover, the projected EPS for the fiscal year 2018 is Rs 11.5.

angel broking disclaimer

Disclaimer

The Angel Broking top picks for July 2017 are not recommendations for buying or selling. Rather, it is the research report prepared by the research team of Angel Broking. Investors are advised to do their research and analysis before making any investment decisions,

Conclusion

In conclusion, the implementation of Goods and Services Tax (GST) has brought about significant changes in the Indian market, affecting various sectors in different ways. The tax implication is expected to evolve and undergo modifications as required, making the Indian market more dynamic and fluid. Therefore, Angel Broking, one of the leading stockbroking firms in India, has recommended a set of top picks for July 2017. These top picks cover a range of sectors, including banking, consumption, automobile, media, pharma, real estate, infra, logistics, and power. However, it’s important to note that the Angel Broking top picks July 2017 report is not a recommendation for buying or selling stocks. Investors should do their own research and analysis before making any investment decisions.

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Author: Indrajit Mukherjee

Indrajit is a professional blogger and trading system developer. Amibroker expert, Wordpress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely. Nowadays, he is also taking help of artificial intelligence for writing valuable contents for his readers.

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