Race 3 releases today: Which among these six stocks to win 'race' on Dalal Street
Entire Race series - Race 1, Race 2, Race 3 - is about intra-family rivalries and greed. There are family rivalries on stock market too. Yes, we are talking about group companies listed on stock market which compete with each other for investors' attention.
Salman Khan starrer Race 3 hit screens on Friday. Entire Race series - Race 1, Race 2, Race 3 - is about intra-family rivalries and greed. There are family rivalries on stock market too. Yes, we are talking about group companies listed on stock market which compete with each other for investors' attention. Let's take a look at two best stocks from three family groups each that look set to win 'race' on Dalal Street:
1) Tata Group:
i) Tata Consultancy Services
Morgan Stanley has a Buy rating on the stock with a target price of Rs 2,010
Order inflows to pick up from US
Digital business recording consistent growth
Margin expected at 26-28% in FY19
Company is sitting on Rs 42,600 crore cash flow
ii) Tata Motors
Credit Suisse has a Buy rating with a target price of Rs 630
Strong volume growth expected in China
JLR sale to remain strong
Tata Motors started JLR production in India
Margins expected at 3-4% in FY19
2) Munjal Group:
i) Hero Moto
Credit Suisse has a Buy rating on the stock with a target price of Rs 3760
More than 75 lakh units of two-wheelers sold in FY18
The company targets to sell 1 crore units by FY20
The company has 50% market share in motorcycle segment
The company has Rs 4,650 crore cash flow
ii) Shivam Auto
DBS has a Buy rating on the stock with a target price of Rs 80
One of the largest manufacturers of transmission gears and shafts in India
Other than Hero, Bosch, Yamaha and Maruti Suzuki are among big clients
The company recently started two plants; income to go up by Rs 200 crore
The company has big market share in transmission, gear segment
3) Bajaj Group
i) Bajaj Auto
Morgan Stanley has a Buy rating on the stock with a target price of Rs 3785
Big market share in premium bike segment
Consistent sales growth in Pulsar and KTM
The performance of new Avengers better than expected
The company is debt free and holds Rs 6500 crore cash
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ii) Bajaj Finance
Jefferies has a Buy rating on the stock with a target price of Rs 2400
Asset quality strong; robust growth
The company's portfolio is profitable
The company expected to witness consistent growth
02:36 PM IST