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Edelweiss’ Top Picks in India

October 4, 2007

In a recently conducted London Conference, here are Edelweiss Capitals top picks in India and their target prices.

  • Akruti Nirman – NAV basis valuation @ Rs 1,231 per share
  • Ashapura Minchem – Target not specified
  • Axis Bank – deliver 13-15% RoE and 20% EPS CAGR during FY07-09E. The stock currently trades at 2.8x FY09E book and 23.6x FY09E earnings
  • B L Kashyap – Expected to report an EPS of Rs 100 and Rs 131 for FY08 and FY09 respectively.
  • Elder Pharma
  • Ess Dee Aluminum
  • Housing Development Infrastructure Ltd – HDIL – NAV basis valuation @ Rs 597 / share
  • Infotech Enterprises – EPS expectations of Rs 17 and Rs 24 for FY08 and FY09 respectively
  • Jindal Saw
  • JSW Steel
  • Kalpataru Power Transmission – EPS estimates of Rs 76.3 and Rs 94.4 for FY08 and FY09
  • Mastek
  • MIC Electronics – EPS estimates of Rs 24 and Rs 33 for FY08 and FY09
  • Reliance Industries – The stock is trading higher than its target price of Rs 2,299
  • Unitech

You can research and then enter the stock when the market corrects.

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