BUY, TP-Rs148 (51% upside) - Myiris.com
BUY, TP-Rs148 (51% upside) - Myiris.com
BUY, TP-Rs148 (51% upside) - Myiris.com
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PINC POWERPICKS JANUARY 2012<br />
RESEARCH<br />
RESEARCH<br />
Here’s the roster for the PINC PowerPicks:<br />
1<br />
Company Sector<br />
CMP<br />
(Rs)<br />
Re<strong>com</strong>.<br />
<strong>TP</strong><br />
(Rs)<br />
Top-Shelf Selections<br />
Upside<br />
(%)<br />
Market Cap<br />
(Rs bn)<br />
P/E (x) EV/EBITDA (x) Earnings gr. (%) ROE (%) ROCE (%)<br />
FY12E FY13E FY12E FY13E (FY11-13E) FY12E FY12E<br />
Ashok Leyland Auto 25 <strong>BUY</strong> 38 53 66 9.9 8.2 7.0 6.2 13.4 23.7 17.9<br />
Ashoka Buildcon Infrastructure 183 <strong>BUY</strong> 321 75 10 9.4 7.1 5.4 4.2 16.4 10.9 11.2<br />
Bajaj Auto Auto 1,430 <strong>BUY</strong> 1,850 29 414 13.3 11.6 9.4 7.9 16.8 54.5 68.5<br />
CESC Power Utilities 228 <strong>BUY</strong> 346 52 29 5.8 5.6 4.6 4.7 3.6 9.8 11.3<br />
HCL Tech IT services 399 <strong>BUY</strong> 470 18 280 11.4 10.8 6.0 5.7 21.3 24.5 24.3<br />
HSIL Diversified 123 <strong>BUY</strong> 270 120 8 6.2 4.5 4.0 3.1 45.6 18.1 14.4<br />
Infosys IT services 2,586 ACCUMULATE 2,975 15 1,478 17.5 15.7 11.3 9.6 17.6 24.9 29.7<br />
IRB Infrastructure Infrastructure 145 <strong>BUY</strong> 216 49 48 10.0 11.6 7.9 7.6 (4.2) 18.2 19.9<br />
Jagran Prakashan Media 98 <strong>BUY</strong> 148 51 31 12.8 12.3 9.7 8.4 10.1 29.8 31.2<br />
Jyothy Laboratories FMCG 165 <strong>BUY</strong> 212 29 13 29.5 13.3 15.7 9.5 20.6 8.5 10.5<br />
Mahindra & Mahindra Auto 692 <strong>BUY</strong> 882 28 406 15.1 13.1 11.1 9.3 10.5 23.7 25.9<br />
Nestle India FMCG 3,942 SELL 3,618 (8) 380 39.4 33.3 26.5 21.9 18.0 80.3 88.9<br />
NIIT Tech IT services 200 <strong>BUY</strong> 285 43 12 6.3 5.5 3.7 2.8 7.3 22.0 20.3<br />
Phoenix Mills Real Estate 193 <strong>BUY</strong> 265 37 28 17.8 16.2 15.0 12.8 43.1 9.0 6.4<br />
Power Grid Corp. Power Utilities 102 <strong>BUY</strong> 120 18 472 15.7 13.4 10.8 9.7 16.7 13.5 9.5<br />
Tecpro Systems Material Handling 180 <strong>BUY</strong> 375 108 9 5.8 4.8 4.6 4.3 17.7 21.4 23.1<br />
PINC POWERPICKS is a list of our high-conviction stock ideas, a choice of stocks from across sectors in our coverage universe.<br />
16th January 2012<br />
For rating objective and disclaimer, please refer to last page of the report<br />
PINC Research reports are also available on Reuters, Thomson Publishers and Bloomberg PINV
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