Muhurat  Trading  Picks.

Samvat 2073: May this Diwali bring joy, health and wealth to you. Happy Deepawali                                                             South India Bank Limited – CMP – 23.75 South India Bank is a 90 years old vibrant, fast growing, service oriented private sector bank in Kerala to become a scheduled bank in 1946. Third largest branch network among private sector banks, in india, with all it’s branches under Core banking system.They have around  839 branches and 1308 ATMs Company has been maintaining a health dividend payout every year. SIB has achieved a net profit of Rs 110.5 crore for the second quarter of current financial year. PAT grew by 18% YoY.Loans and Deposits grew by 10% and 13% on YoY basis. SIB being one of the cheapest private sector banks trading at 1.3x current adjusted book value, which is quite cheaper compared to it’s same sized peers. One can expect 20 to 25% ROE in next 8 to 12 months.

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TVS Motor Company – CMP – 404                                            The Company has posted a net profit of Rs. 1773.90 million for the quarter ended September 30, 2016 as compared to Rs. 1329.60 million for the quarter ended September 30, 2015. Total Income has increased from Rs. 31088.80 million for the quarter ended September 30, 2015 to Rs. 37655.10 million for the quarter ended September 30, 2016.

Management is targeting to increase  profits by market share gains and operating leverage benefits. one can safely invest on this stock expecting 20 to 25% ROE in next 8 to 12 months      ********

Exide Industries – CMP 197 can  be  added  for 250-260 

NOCIL – CMP 76 can  be  added  for  96-110  in  9-12  months

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