Monday 19 December 2016

Sensex, Nifty open lower; HDFC, Tata Motors, Axis Bank decline

The customer support is one of the important key factor in the success and we are providing you Two days Free trial to Trade in Financial market experience and so on click here http://www.ripplesadvisory.com/free-trial.php

With maintaining buy rating on Motherson Sumi with a target price of Rs 356, UBS says it is a multi-year story and expects 24 percent EPS CAGR over FY16-19 period. The brokerage house sees margin improvement at Samvardhana Motherson Peguform and expects international business growth to remain robust. The company has a solid track record of generating value by turning around distressed assets. UBS says Samvardhana Motherson Reflectec continues to gain share in the US market and India business will grow faster than domestic car production. So it expects Samvardhana Motherson Peguform's EBITDA margin to improve by about 200 basis points over FY16-19. 

Valuations of the Nifty 50 Index are reasonable at 15.5x FY18 EPS after the recent correction. Valuations of 'value' stocks are inexpensive despite their strong performance in CY16. He sees their (value stocks) earnings improving due to better fundamentals and lower interest rates and valuations benefiting from lower domestic yields. However, valuations of the 'growth' stocks, especially consumption stocks, are still quite rich.

No comments:

Post a Comment