Top 10 - Macquaire

Indian equity markets have seen one of the worst phases of correction in March 2020.

Amidst increased volatillity it will be very difficult for us to pick the stocks which are likely to be potential winners.

We will publish reports for the benefit of our readers - recommendations from leading Broking / Institutions.

Raghav
Equity Analyst

www.twitter.com/smartinvestor
Telegam https://t.me/smartinvestr

Kotak Mahindra Bank - Buy on declines

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. In February 2003, the Reserve Bank of India (RBI) issued a licence to Kotak Mahindra Finance Ltd., the group's flagship company.


It offers banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, general insurance, life insurance, and wealth management. As of April 2019, it is second largest Indian private sector bank by market capitalization.

Kotak Securities is one of the largest broking houses in India with a wide geographical reach. Kotak Securities operations include stock broking and distribution of various financial products including private and secondary placement of debt, equity and mutual funds.
Kotak Securities operate in five main areas of business:
Stock Broking (retail and institutional)
Depository Services
Portfolio Management Services
Distribution of Mutual Funds
Distribution of Kotak Mahindra Old Mutual Life Insurance Ltd products

Kotak Mahindra General Insurance Company Ltd (Kotak General Insurance) is a 100% subsidiary of Kotak Mahindra Bank Ltd. (NS:KTKM) Kotak General Insurance provides service in the growing non-life insurance segment in India. Kotak General Insurance caters to a wide range of customer segments & geographies, offering an array of non-life insurance products like Motor, Health, Fire, etc. As one of the fastest growing insurance companies in India, Kotak General Insurance provides a differentiated value proposition through customized products & services leveraging state of the art technology & digital infrastructure.

Kotak Mahindra Life Insurance Company Limited (Kotak Life) is a 100% owned subsidiary of Kotak Mahindra Bank Limited (Kotak). Kotak Life provides world-class insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long-term savings. Kotak Life is one of the fastest growing insurance companies in India and has covered over 24 million lives as on 31st March, 2019.

Scrip Performance :
Year low was 1274 while it rose sharply to Rs.1740. After the peak scrip started correcting and is currently trading around 1550 levels

Recommendation :
The recent dip gives an excellent opportunity for the investors buy on declines and add to portfolio.

we expect the scrip to cross 2,000 levels in next 12-15 months time frame.


Raghav
Equity Research Analyst

Smart Investor 
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

www.twitter.com/smartinvestor
Mail - intellinvestor@gmail.com

Power Grid - Avoid

Background :

The Power Grid Corporation of India Limited, is an Indian state-owned Maharatna company headquartered in Gurugram, India and engaged mainly in Transmission of Power. POWERGRID transmits about 50% of the total power generated in India on its transmission network.

Stock Performance

Year High 214

Year Low 180

Recommendation

Avoid
The scrip is a steady performer and there is not much investor fancy as the returns in upcoming years will be Muted.

Investment Rationale :

the scrip being a PSU is suffering due to lack of investor fancy for the scrips.  Leading companies like BEML, BEL are also languishing.  

Raghav

Buy Tata Chemicals on declines

Company Background :

Tata Chemicals Limited is a holding company. The Company is a manufacturer of soda ash and sodium bicarbonate for diverse industries, such as glass, detergents, silicates, textiles, food, pharmaceuticals, animal feed, mining and chemical processing. The Company operates through four segments: Inorganic Chemicals, which includes soda ash, salt, sodium bicarbonate, marine chemicals, caustic soda and cement; Fertilisers, which includes fertilizers and other traded products; Other Agri-inputs, including Rallis India Limited's operations, and Others, which includes pulses, spices, water purifier and nutritional solutions. 

The Company classifies its products under approximately three categories, including living essentials, industry essentials and farm essentials. The Company has a global presence with subsidiaries in the United Kingdom, Kenya and the United States.

Stock Market Performance :

52 week high 782 
52 week low 543
CMP 02 Sept 2019 - 584

The company has a Book Value of 473, with EPS of 36 resulting in a PE of 16
Use the current declines as an opportunity, investors can buy for long term and add to their portfolio.

Recommendation :

Buy and add to your long term portfolio.  In the short term 620 will be a good resistance point.  The scrip may correct in the short term, and Rs.540 is the support level in case of a correction.  

Investment Rationale :

Sound management and excellent track record.  Robust growth in volumes / margins. Healthy product pipeline and future expansion plans.

Raghav
Equity Research Analyst

Smart Investor 
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

www.twitter.com/smartinvestor
Mail - intellinvestor@gmail.com
Whatsapp - 90083-77660 

TCS - Buy on declines

It is one of the top 5 Indian MNCs in the Software Services sector.

Company Background :

Tata Consultancy Services Ltd is a leading global IT services, consulting and business solutions organization. The company offers a range of IT services, outsourcing and business solutions. They also offer IT infrastructure services, business process outsourcing services, engineering and industrial services, global consulting and asset leveraged solutions.

Their segments include banking, financial services and insurance; manufacturing; retail and distribution, and telecom. The company is a part of Tata Group, one of Indias most respected business conglomerates and most respected brands.

They are headquartered in Mumbai. They are having 142 offices in 42 countries as well as 105 delivery centers in 20 countries. The company shares are listed on the National Stock Exchange and Bombay Stock Exchange of India.Tata Consultancy Services Ltd was incorporated in the year 1968.


Stock Performance:

During the last 1 year the scrip has given following returns 

52 week low INR 1784
52 week high INR 2292

Currently trading near the year high. It has great potential to generate wealth for investors for a long term investors.

Recommendation :

Buy on declines and add to your long term portfolio.  This scrip is rock solid in any kind of steep corrections due to its performance and management.  

Raghav
Equity Analyst

Smart Investor 
Equity Research

No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

www.twitter.com/smartinvestor
Mail - intellinvestor@gmail.com
Whatsapp - 9880080321