Thursday, 4 September 2014

Some Short Term Stock Picks

Happy Learning!!


BANK OF INDIA: The Bank of India has an operating profit of Rs 7459 crores during the year end March 2014 and a net profit of Rs 2749 crores which was 2.67% more than the previous years. The return on assets is 0.65% and the return on equity is 13.62%. One of India's largest and most reputed banks the BOI has taken a number of initiatives aimed to meet the nationally mandated government goals. As part of their corporate social responsibilities, the bank has taken the following initiatives:

  • Adult Literacy Programs
  • University and Academic activities
  • Village development program

Due to the consistent financial performance and good administration it is recommended to buy the stock for a short term for a price range of Rs 285/-- Rs 295/- and wait for the price to reach around Rs 310/- to Rs 315/-. The stop loss can be maintained at Rs 270/-.

HINDUSTAN ZINC LTD;: The company produces Zinc and Lead Mined Metals and Bulk Mined metal. The total revenue earned during year ending March 2014 was Rs 15,535 crores, an increase of 5.7 % over the previous year. The company reported a record profit of Rs 6,905 crore for the year. Due to its continued growth and good financial performance, it is recommended to buy the stock for the short term at the price range of Rs 160/-  to  Rs 170/- until it reaches a target of Rs 180/-. A stop loss may be maintained at Rs 155/-

TRUECAR INC: Truecar obtains market-based pricing data on new and used cars and was incorporated in Delaware during the year 2005. The company has a network of over 7000 truecar certified dealers as well as independent dealers representing all makes of cars. True car dealers operate in all 50 States and the District of Columbia.
The company  financials has a current ratio of 4.85 and a quick ratio of 4.53 .The gross margin is 90.87% and the operating margin being -20.99% .The share price is being  between $ 21.00 and $25.00. The company's shares are expected to perform well in the coming future especially because of manufacturer incentives to targeted customers of insurance affinity partners.


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