Allahabad Bank
Allahabad Bank's stock has come a long way from its valuations of around 2.6x in March 2009. The bank has depicted proficiency in its core business of lending. The bank's loan book has grown at an average of 20% over the past three financial years. While advances grew at a high rate, asset quality was also high with net NPAs less than 1%. With the credit demand remaining strong and the bank reporting a robust asset quality, it can grow at a high rate. Investors with a long-term perspective can still consider this stock.
Allahabad Bank's stock has come a long way from its valuations of around 2.6x in March 2009. The bank has depicted proficiency in its core business of lending. The bank's loan book has grown at an average of 20% over the past three financial years. While advances grew at a high rate, asset quality was also high with net NPAs less than 1%. With the credit demand remaining strong and the bank reporting a robust asset quality, it can grow at a high rate. Investors with a long-term perspective can still consider this stock.
Return 8.6x Stock Price 239.6 PE 8.56 Market Cap 10700.7cr
Bajaj Electricals
Net sales of this company have consistently rose in the past 10 years without fail. In the past four years, its PAT has become nine times. It justifies the kind of investor interest it has received. Substantial part of revenues of the company comes from segments like fans, lighting and appliances. Its ability to brand itself better than its competitors will be crucial. It has a very low rural penetration. Increase in the rural income and infrastructure would provide added opportunities. Asset light business and a steady growth in income would enable this company to generate steady revenues. Considering its FMCG kind of business, the company still looks at attractive at this valuation.
Bajaj Electricals
Net sales of this company have consistently rose in the past 10 years without fail. In the past four years, its PAT has become nine times. It justifies the kind of investor interest it has received. Substantial part of revenues of the company comes from segments like fans, lighting and appliances. Its ability to brand itself better than its competitors will be crucial. It has a very low rural penetration. Increase in the rural income and infrastructure would provide added opportunities. Asset light business and a steady growth in income would enable this company to generate steady revenues. Considering its FMCG kind of business, the company still looks at attractive at this valuation.
Return 12.9x Stock Price 778.9 PE 25.3 Market Cap 3115.4cr
JSW Steel
Given the weakness in iron ore prices internationally, the company can directly be a beneficiary of price decrease, as it is dependent mostly on external sources for its iron ore requirements. The latest increase in international steel prices due to a slowdown in Chinese steel production can help the company sell its output at higher prices. The company's raw material projects in Chile and the US are running on time, and it will start mining operation in Q3FY11 significantly reducing its raw material cost. Considering all this, the company is still attractive at the current valuations. Investors can buy this stock and expect a good return in the future.
JSW Steel
Given the weakness in iron ore prices internationally, the company can directly be a beneficiary of price decrease, as it is dependent mostly on external sources for its iron ore requirements. The latest increase in international steel prices due to a slowdown in Chinese steel production can help the company sell its output at higher prices. The company's raw material projects in Chile and the US are running on time, and it will start mining operation in Q3FY11 significantly reducing its raw material cost. Considering all this, the company is still attractive at the current valuations. Investors can buy this stock and expect a good return in the future.
Return 9.5x Stock Price 1375 PE 15.5. Market Cap 25733cr
Posts
![[ Registered ]](http://www.diarist.net/registry/button.gif){kind=small}
1 comment:
Nice,You can invest in stocks yourself by buying individual Stocks & Shares or mutual funds.....
exide industries share price
bharat forge stock
lakshmi motors
radico share price
mahanagar gas ipo
deepak fertilisers share price
praj industries share
pnc infratech
Post a Comment