We highlight 8 stocks that we believe have tactical upside possibilities.
1 Shiv Vani Oil: Monopoly player in onshore drilling, one of the cheapest stocks in
the Indian universe.
2 Sesa Goa: Beneficiary of strong volume growth (34% CAGR over next 3 years)
3 Reliance Infrastructure: Trading at close to its worst case price target of
INR1088, as Vishal Sharma pointed out recently in the note titled “Good entry
point”, Dated: 23rd September 2010).
4 Mahindra Satyam: Historical numbers are known. We believe the worst is behind
us.
5 Rolta India: Feedback from the company during our New York Corporate day
clearly indicated the company’s bullishness about new orders.
6 IVRCL Infrastructure: Strong order wins in July-September quarter makes us
positive. Strong presence in roads and irrigation and water resources - still remains
valid.
7 IRB Infra: Only pure play road BOT. Only problem in the sector is the recent lack
of progress in order award, but we believe that's temporary.
8 Nagarjuna Construction: Strong order backlog, execution related problems
relatively lower compared to other construction companies.
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