5 STOCK PICKS FOR 2015 :: HDFC Securities

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The view from the rear view mirror is excellent. Nifty reported a healthy gain of 31.39% in 2014. But the view from the wind screen is foggy. The fog is partly due to inability of the Government to get the bills cleared in Rajya Sabha. And that situation is unlikely to change in the near future. So the focus of the Government is likely to shift to the Union Budget, which does not need Rajya Sabha’s nod. So what does the New Year hold for the stock market investor?. Companies and sectors that will do well on their own strength will hog the limelight in 2015. We have identified from different sectors, which will stand tall in 2015. If the Government is able to walk its talk, they will do much better than our expectations. If the Government continues to face headwinds, they will still deliver. Play safe in 2015.

State Bank of India Buying Range: Rs 290-311 SBI has grown at a pace of 15% CAGR over the past fiveyears and we expect this pace to be substantially high inthe next five years. We recommend investors to buy the stock with a target of Rs 375 in about a year's time.

Power Grid Corporation of India Ltd Buying Range: Rs 125-138 Power grid is relatively a low risk high reward stock. We recommend investors to buy the stock with a target of Rs 165 in about a year's time.

Larsen & Toubro Buying Range: Rs 1450-1500 The Company has made significant investments in the past few years in expanding its facilities. We recommend investors to buy the stock with a target ofRs. 1800 in a year's time.

KPIT Technologies Limited Buying Range: Rs 180-201 The revenue of the company grew at a decent pace of 20% CAGR over the last three years and the profit grew at 36% over the same period. We recommend investors to buy the stock with a target of Rs 250 in about a year'stime.

Dewan Housing Finance Corporation Limited Buying Range: Rs 380-399 The management targets to double its AUM by FY17 by doubling pan India presence and setting up branches inthe untapped LMI (Low & Middle Income) markets. We recommend investors to buy the stock with a target of Rs 480 in about a year's time.