Shiv-Vani Oil can cross Rs 500 mark in 3-6 months: Anagram Capital
Shiv-Vani Oil, as of April, had about 32 billion order book, which gives a very good visibility for the next 2-3 years of earnings.
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| In a chat with ET Now, Mayank Shah, CEO, Anagram Capital, talks about stocks on the radar of brokerages.
What is on the radar of most of the brokerages right now in terms of where activity can be expected to increase, probably underowned stocks played by pessimism?
Fundamentally, frontline stocks are doing well. I do not expect mid caps and small caps to do the same kind of a rally as what the frontline stocks are showing. Capital goods are attractive at this point of time and will continue to do so. Likewise, infrastructure and infrastructure ancillary companies are far more promising in terms of better valuations. I would be stock-specific rather than looking at a particular sector.
BHEL and L&T would be doing very well. C&C Constructions in the infrastructure space is one of the companies with promising valuation.
If you were to ask me about a stock to look at in the short term to long term, my pick would be Shiv-Vani Oil. Shiv-Vani Oil, as of April, had about 32 billion order book, which gives a very good visibility for the next 2-3 years of earnings. Currently, it is at a PE of about 7.3-7.4, whereas internationally two-year forward the peers are operating at a PE of about 13, which means huge valuation possibilities and potential. So, from the current market price of about Rs 444, I expect a target of about Rs 500-plus over a medium term, which is 3-6 months, for the Shiv-Vani Oil.
What is on the radar of most of the brokerages right now in terms of where activity can be expected to increase, probably underowned stocks played by pessimism?
Fundamentally, frontline stocks are doing well. I do not expect mid caps and small caps to do the same kind of a rally as what the frontline stocks are showing. Capital goods are attractive at this point of time and will continue to do so. Likewise, infrastructure and infrastructure ancillary companies are far more promising in terms of better valuations. I would be stock-specific rather than looking at a particular sector.
BHEL and L&T would be doing very well. C&C Constructions in the infrastructure space is one of the companies with promising valuation.
If you were to ask me about a stock to look at in the short term to long term, my pick would be Shiv-Vani Oil. Shiv-Vani Oil, as of April, had about 32 billion order book, which gives a very good visibility for the next 2-3 years of earnings. Currently, it is at a PE of about 7.3-7.4, whereas internationally two-year forward the peers are operating at a PE of about 13, which means huge valuation possibilities and potential. So, from the current market price of about Rs 444, I expect a target of about Rs 500-plus over a medium term, which is 3-6 months, for the Shiv-Vani Oil.
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