MORNING RECOMMENDATION IN CASH FUTURE OPTION-21-DEC-2017
FUTURE CALL: BUY UJJIVAN ABOVE 384 TARGETS 386/ 389.50/ 395 STOPLOSS 380.50
CASH CALL: BUY AMARAJABAT ABOVE 843 TARGETS 851/ 865/ 880 STOPLOSS 830
Pidilite Industries Ltd to consider the proposal to buyback the fully paid-up equity shares of the Company. In this regard, a meeting of the Board of Directors of the Company will be held on December 26, 2017. This reflects the confidence of the management in their company and hence we believe this bodes well for the stock performance.
Pickup in consumer demand and new product launches would drive growth in India consumer bazaar segment. The company is strongly focusing on double-digit volume growth in 2HFY18. We expect the company to register 16% earnings CAGR over FY17-20E.The stock is trading at 36.5x FY20E EPS. We have positive outlook on the stock.
OPTION CALL: BUY PIDILITE INDUSTRIES LTD 920 CALL ABOVE 25.00 TARGETS 27.50/ 30.50/ 34.00 STOPLOSS 22.00
CASH CALL: BUY AMARAJABAT ABOVE 843 TARGETS 851/ 865/ 880 STOPLOSS 830
Pidilite Industries Ltd to consider the proposal to buyback the fully paid-up equity shares of the Company. In this regard, a meeting of the Board of Directors of the Company will be held on December 26, 2017. This reflects the confidence of the management in their company and hence we believe this bodes well for the stock performance.
Pickup in consumer demand and new product launches would drive growth in India consumer bazaar segment. The company is strongly focusing on double-digit volume growth in 2HFY18. We expect the company to register 16% earnings CAGR over FY17-20E.The stock is trading at 36.5x FY20E EPS. We have positive outlook on the stock.
OPTION CALL: BUY PIDILITE INDUSTRIES LTD 920 CALL ABOVE 25.00 TARGETS 27.50/ 30.50/ 34.00 STOPLOSS 22.00
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