Their are Some Foreign brokerages are betting on these top 10 stocks
The Beats-to-misses (BTM) ratio for 4Q was 0.76x indicating that there were more misses than beats this quarter. After the largely positive surprises in 2Q which had a BTM of 1.42x, 3Q and 4Q have witnessed a sequential decline.
Going forward, FY19 consensus earnings growth expectations stood at over 20 percent as compared to sub-10 percent growth witnessed in FY18. “Q4 FY18 results of constituents have been a mixed bag. On an aggregate basis, the result season has been largely in-line with expectations on the revenue front. On the net profit front, provisioning by state-run banks impacted overall profitability,”
President, Religare Broking, said. While he remains optimistic about earnings growth gaining further traction, he does not rule the possibility of some earnings downgrade in FY19.
On the margins front, while automobiles saw some pressure on account of higher raw material prices, fast moving consumer goods (FMCG) companies saw an improvement.
The beats-to-misses (BTM) ratio for Q4 was 0.76 times, indicating that there were more misses than beats. After the largely positive surprises in 2Q, which had a BTM of 1.42 times, Q3 and Q4 have witnessed a sequential decline. Among sectors, cement and private banks had the worst BTM in Q4, while the same for metals, NBFCs and IT were the highest. In Q4 FY18, YoY PAT growth has been nearly flat at 0.6 percent against expectation of 10.3 percent for companies under our coverage
Sun Pharma: Buy | Target: Rs 600 | LTP: Rs 494.75 | Return: 24%
Tech Mahindra: Buy | Target: Rs 880 | LTP: Rs 686.40 | Return: 24%
Indian Hotels: Buy | Target: Rs 165 | LTP: Rs 143.40 | Return: 17%
NCC: Outperform | Target: Rs 177 | LTP: Rs 121.20 | Return: 47%
ONGC: Buy | Target: Rs 240 | LTP: Rs 173.95 | Return: 35%
Glenmark Pharma: Buy | Target: Rs 650 | LTP: Rs 524.25 | Return: 21%
Coal India: Buy | Target: Rs 363 | LTP: Rs 288.75 | Return: 23%
Mahindra & Mahindra: Buy | Target: Rs 1,075 | LTP: Rs 895.60 | Return 16%
Bajaj Auto: Buy | Target: Rs 3395 | LTP: Rs 2763.10 | Return: 22%
Larsen & Toubro: Buy | Target: Rs 1,730 | LTP: Rs 1,365 | Return: 26%
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