Shares to buy on May 29: Top five stocks on which brokerage firms bet high today

Amid speculation about the bull run at the Dalal Street post-Narendra Modi victory in the Lok Sabha Elections 2019, stock market investors are guessing which stock would give them better return as they want the maximum return on their investment. To solve this problem of the share market investors in Indian indices, brokerage firms have given their top picks for them which we are providing them in a compiled format.

1] Buy Oil India Limited for 26 pct gains, advises HDFC Securities

Oil India FY19, revenue was up 28.9%YoY to Rs 137.35bn owing to 33% jump in oil price realisation to Rs 4,783/bbl and NG realisation was up 14.9% YoY to $3.1/mmbtu. Crude oil sales volumes were down 8% YoY to 3.06mmt.

On the suggestion to the stock market investors in regard to the Oil India shares Nilesh Ghuge, Analyst, HDFC Securities said, "The counter looks poised to touch Rs 234 per stock levels in 12-month perspective as its fundamentals are suggesting upside momentum in long-term perspective." the stock closed at Rs 182.85 per stock levels.

2] Buy Narayana Hrudayalaya for 24 pct gains, advises Elara Securities

Narayana Hrudayalaya reported EBITDA growth of 71.1% YoY and 14.9% QoQ at Rs 895mn against estimates of Rs 720mn. The beat was aided by higher profitability from the Cayman hospital (EBITDA of $3.9mn against $3.1mn in Q3FY19) and India hospitals (+52% YoY). Further, the company posted Rs 159mn in losses for Q4FY19, down 10% QoQ, across three new hospitals — Gurgaon, Mumbai and Dharamshila. Revenue grew by 18.3% YoY to Rs 7.6bn, ahead of our estimates of Rs 7.3bn, aided by strong growth across India, up +14% YoY, and Cayman, up +48% YoY. 

On the suggestion to the stock market investors in regard to the Narayana Hrudayalaya counter Aarti Rao, Analyst at Elara Securities said, "Fundamentals of the counter suggests 24 per cent upside momentum and it can show Rs 282 per counter in 12-month times."

3] Buy PNC Infratech for 32 pct gains, advises Elara Securities

PNC Infratech Q4 performance was ahead of our expectations in FY19, with 67% revenue growth and PAT growth of 29% YoY. The adjusted EBITDA margin for early project completion bonus declined to 14.0% from 14.5% YoY on higher construction expenses. Execution focus continues as PNCL completes yet another project 73 days ahead of schedule, which entails a bonus income of Rs 141mn. Management targets 45-50% growth in FY20 to be led by six ongoing HAM projects and one more likely to start in September.

On the suggestion to the stock market investors in regard to the PNC Infratech counter Ankita Shah, Analyst at Elara Securities said, "Fundamentals of the counter suggests an upside swing of around 32 per cent and the counter may show Rs 247 per stocks level in 12-months."

4] Buy Cochin Shipyard for 36 pct gains, advises Yes Securities

Cochin Shipyard or CSL expects incremental ship-repairing revenues of Rs3-4bn/year once ISRF becomes operational in Aug’20. In a detail report send by the Yes Securities research team, it has been predicted that the Cochin shipyard counter would show Rs 503 per stock levels in 12-months — an upside momentum of around 36 per cent.

5] Buy Emami for 42 pct gains, advises HDFC Securities

Emami’s 4Q performance was weaker than expected. FY19 is the second consecutive year of muted EBITDA growth led by erratic seasons, disruption in trade and weak demand for its niche categories. Most negatives are priced-in and we expect performance to improve in FY20 led by (a) Healthy growth for summer portfolio, (b) Softening of RM costs and (c) Benefits from distribution expansion. 

On the suggestion to the stock market investors in regard to Emami counter Naveen Trivedi, Analyst, HDFC Securities said, "Emami is fundamentally looking strong in 12-onth perspective, it may show Rs 506 per stock levels."  So, these are the top five stocks that brokerage firms are betting high for May 29 intraday trade.

Disclaimer: These stock recommendations are from the brokerage firms and Zee Business portal is not endorsing any of these stocks for our readers.