INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Calendar 2019 belonged to a handful of largecap stocks.
Domestic fund managers, who made the right choices, generated twice as
much return as their peers during an otherwise challenging year.
What proved to be a common link among the top five performing schemes were
Bajaj Finance also had healthy weightage in most of the top performing funds.
Shares of ICICI Bank surged 51 per cent for the year, while
those of HDFC Bank gained 20 per cent
Bajaj Finance with 59 per cent return was the top performer in the Sensex pack for the year
Largecap equity funds delivered an average of 10 per cent return for the year against a 15 per cent expansion in BSE Sensex
Among the top five equity funds of 2019, IIFL Focused Equity Fund delivered a strong 28 per cent return
another major holding in the portfolio at the end of November
HDFC Bank was the second biggest stock in the scheme with a 9.25 per cent weightage
Axis Bank (7.55 per cent) and Bajaj Finance (4.50 per cent) were other big holdings in the portfolio
Axis Bank rose 19 per cent for the year.
Another scheme, Axis BlueChip Fund, saw 20 per cent jump in NAV
HDFC Bank was its biggest holding with a 9.05 per cent weightage
At 7.62 per cent holding, ICICI Bank was its third biggest holding
The fund also had Reliance Industries (7.69 per cent), Kotak Mahindra Bank (7.38 per cent) and Bajaj Finance (7.37 per cent) among its
Reliance Industries and Kotak Mahindra Bank climbed 35 per cent each during the year.
Money making30 Dec, 2019Calendar 2020 is set to begin
amid mixed sentiments in the market
While broadly the expectations are that Dalal Street should do better in 2020 than in 2019 and the broader market will start performing
better, yet investors do not have the confidence to take the plunge and go value hunting in the deeply beaten-down counters
We rummaged through a dozen year-end brokerage reports to shortlist seven stocks from across sectors that, they say, offer decent potential
to deliver solid gains in the year ahead.?Larsen - Toubro: Upside potential 37%30 Dec, 2019Axis Securities values this stock at 20 times
FY21 EPS to arrive at a target price of Rs 1,736
With the surge in order intake of Rs 86991 crore in H1Fy20, the company crossed the Rs 3 lakh crore order book milestone at the end of
September quarter, with international orders accounting for 22 per cent of the total order book
Deal pipeline remains strong at Rs 5.2 lakh crore for H2FY20, with 18-20 per cent win run-rate, Axis Securities said
L-T, it said, is well placed to surpass its inflow guidance of 10-12 per cent
for Fy20 KEC International: Upside potential 33%30 Dec, 2019Brokerage SMC Global noted that KEC International is continuously performing
well and delivering in all the three parameters of revenue, profitability and order intake
The T-D business of the company has delivered a stellar performance, backed by robust execution in SAARC and the Americas, while the railway
business has continued its growth momentum as it expands portfolio in other segments
The company has maintained its annual guidance of 20 per cent growth for FY20 revenue
earnings per share of Rs 27.90
?Gujarat Gas: Upside potential 22%30 Dec, 2019Religare Broking noted that the company has a strong infrastructure and distribution network
and enjoys near monopoly in the Gujarat state
The network expansion in other states may boost volumes going forward
The company is likely to deliver robust performance in FY20 as it has witnessed remarkable industrial volumes so far, the brokerage
said.
The company has adjusted to new tax regime, resulting in an writing off of deferred tax liabilities that led to 13 times YoY growth
in quarterly profits in Q2FY20
earnings to grow at a CAGR of 23 per cent over FY19-22
This is without assuming any synergy benefits in margin estimates
On the valuation front, the stock is trading at 46 times/39 times Y21/FY22 EPS and has delivered a return of 20 per cent in the past one
year.
Volume delivery has been ahead of its much smaller peers and margins visibility could help sustain such premium valuations in the
current environment, supported by best earnings growth visibility in the Indian FMCG space with the highest return ratios, the brokerage
ICICI Bank and HDFC Bank were the two biggest holdings of this fund with 10.66 per cent and 10.41 per cent weightage, respectively.
ICICI
Bajaj Finance and RIL were the two other major holdings
BNP Paribas Large Cap Fund surged 18 per cent year to date
ICICI Bank and HDFC Bank were the two biggest holdings in the portfolio with of 9.41 per cent and 8.52 per cent weightage, respectively.
The
same story repeated in Motilal Oswal Focused 25 Fund
from lower cost of funds, better asset quality and consolidation of the industry
Vikaas Scahdeva, CEO at Emkay Investment Advisors.
Gautam Duggad, Head of Research for Institutional Equities at Motilal Oswal Financial
Services, said ICICI Bank appears firmly positioned to deliver healthy sustainable growth, supported by continued investments in technology
newly-surfaced stressed names
It has, in fact, built one of the highest provisioning coverages in the banking sector
may do well in 2020.
Only largecap and multicap schemes were considered for this analysis.