Axis Capital in this report has looked at profits, margins & RoEs during two distinct phases i.e 2004-2009 & 2010-14, apart from softer issues such as Management and Competitiveness etc. We have also looked at the previous history of correlations in growth phases, and undertaken a scenario analysis of FY 17 key operating assumptions (rationale provided in detail) to pick PSU stocks which can rise the most.
Scrip and 24 Month Target Prices are as follows,
Bharat Electronics - 2300
NHPC - 35
Container Corp - 1750
NTPC - 200
Coal India - 500
NMDC - 225
ONGC - 525
