In a recently conducted London Conference, here are Edelweiss Capitals top picks in India and their target prices.
- Akruti Nirman – NAV basis valuation @ Rs 1,231 per share
- Ashapura Minchem – Target not specified
- Axis Bank – deliver 13-15% RoE and 20% EPS CAGR during FY07-09E. The stock currently trades at 2.8x FY09E book and 23.6x FY09E earnings
- B L Kashyap – Expected to report an EPS of Rs 100 and Rs 131 for FY08 and FY09 respectively.
- Elder Pharma
- Ess Dee Aluminum
- Housing Development Infrastructure Ltd – HDIL – NAV basis valuation @ Rs 597 / share
- Infotech Enterprises – EPS expectations of Rs 17 and Rs 24 for FY08 and FY09 respectively
- Jindal Saw
- JSW Steel
- Kalpataru Power Transmission – EPS estimates of Rs 76.3 and Rs 94.4 for FY08 and FY09
- Mastek
- MIC Electronics – EPS estimates of Rs 24 and Rs 33 for FY08 and FY09
- Reliance Industries – The stock is trading higher than its target price of Rs 2,299
- Unitech
You can research and then enter the stock when the market corrects.