4 buy rated stocks from Power Transmission & Equipment
|Power distribution||Price||Trailing PE||Price to Book||Target||Support||SL|
|GE TD India||250||27||5.5|
|GE Power India||840||7||1000||800||780|
KEC International: Share price 300. Target 380. Support 270. SL 240.
Stock is fundamentally good and has given a strong rally last year. Now the stock is consolidating well and is poised for a big up move. With strong fundamentals and available below Price to Book of 4, we like the stock for a target of 380 in less than a year. We see support at 280 and minor resistance at 315-320 on daily charts. Above 330, We can see the stock move comfortably towards 380 and 450. SL 240. There is minor increase in stake by promoters and strong buying by mutual funds is seen.
GE Power India: Share price: 840. Support at 800. SL 780. Target 940 and 1000.
With good growth outlook & stronger Margin% among its peers, this zero debt company with good cash in hand is attracting lots of fund managers and is technically bullish on daily charts and is finding good support between 780-800. We like the stock for a target of 940 and 1000 and can be held for even long term with SL of 780. Stock trades at Price to Book of 7. As long as the stock keeps hitting fresh 52 week high every quarter or half yearly and trades above 780, we are not worried about the Price to Book.
Kalpataru Power: Share price: 382. Target 500. SL 330. Support is seen at 350.
Fundamentally good stock available at good valuation of Price to Book close to 2 is a good buy. Decent profitability ratio and good growth with decent valuations attract lots of fund managers and the stock is poised for a target of 500 in 6 month- 12 month. Strong support is seen at 350. Short term charts suggest a pullback towards 375 in less than week. Have a SL of 330.
Voltamp Transformers: Share price 1100. Target 1300. SL 980. Add on dips towards 1040-1050.
Stock has good profitability ratio and is available at good valuations. Dont miss a chance to add the stock when it is available during market correction. Recent pullback from 950 to 1100 has put the stock in strong up move. Minor corrections are expected towards 1030-1050, which can be used to buy the stock for short term targets of 1200 and 1300. SL 980.
We would like to wait and watch GE T&D India and Adani Transmission.
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