DIWALI WISHES ......

Recommending few stocks below for your consideration on this special event :

·      IDFC  (CMP Rs.112) 

# Showing good resilience even in tough business environment.

# Expecting improvement in target sectors

# Good balance sheet

# Potential candidate for banking License, which may help (at least sentimentally) for a re-rating .
 Link to company website HERE

 DEWAN HOUSING FINANCE (CMP- Rs.160)

# India’s third largest housing finance company .

# Good presence in low and middle  income segments of Tier II and III cities ,where the real potential lies in.    

# Cheaply valued stock from this sector with a P/E of less   than 5 which is 1/3^rd of the average P/E of other companies in the same sector.

# showing steady growth in business for the past many years.

Link to company website HERE

   TATA STEEL (CMP- Rs 336)

# Expecting improvement in target sectors

# Effect of recent and ongoing capacity expansion

# Better realisation from overseas operations 

 Link to company website HERE

·      WOCKHARDT (CMP – Rs.445)

# Distressed valuation due to regulatory overhang

# Possibility of clearance by next Diwali or near to it.

 Link to company website HERE

 

Recently discussed the current situation of Wockhardt in detail .Due to pending USFDA decision, better to avoid buying this stock in single lot.Buy only 30% of the desired qty now and wait with patience .If USFDA decision is negative ,one may get better  opportunity to buy more either at the time of announcement or at the time of declaration of the quarterly result post implementation of decision

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