On Dussehra, Anand Rathi is betting on 5 stocks with a 1-year view

The market is shut today on account of Dussehra, which marks the victory of good over evil. The equity market tries to fight a similar battle every day, with good quality names eventually emerging victorious

 Share market tips

The market is shut today on account of Dussehra. The occasion marks the victory of good over evil. The equity market tries to fight a similar battle every day, with good quality names eventually emerging victorious. Siddharth Sedani, Vice President, Equity Advisory at Anand Rathi Shares and Stock Brokers brings you five good bets on this auspicious occasion, including names like Biocon, Zee Entertainment and Asian Paints. The brokerage has a 1-year view on them. Take a look.

 Share Market Tips

Asian Paints | Target: Rs 1,471 | The company's vast distribution network gives it an edge over its peers. Anand Rathi expects the Indian paints industry to grow at around 8-12% over the next few years amid growing demand.

 Share Market tips

Aditya Birla Fashion and Retail | Target: Rs 237 | The company's brand portfolio consists of Madura Lifestyle, Pantaloons, Fast Fashion and its newer businesses. It is strengthening its private-label mix by improving its price-value proposition and network expansion. The management expects the innerwear division to grow 2 times in FY19 to Rs 200 crore.

 Stock Market Tips

Aarti Industries | Target: Rs 1,600 | The company is one of the largest producers of benzene-based derivatives in India and has a global footprint. Continual capex has enabled it to grow in a sustained manner. The expansion and the new toluene setup assures that the company will grow at a CAGR of more than 20% over the next three years.

 Share Market Tips

Biocon | Target: Rs 823 | Key developments during the quarter gone by include the approval of Fulphila (Pegfilgrastim) Biosimilar, co-developed by Biocon and Mylan for launch in US markets. We expect the company to grow at a CAGR of around 29% over the next two years, which should also result in an improvement in its profit margins.

 Share Market Tips

Zee Entertainment | Target: Rs 530 | Zee is uniquely positioned in the media sector due to its leadership in the various sub-segments, specifically regional content. Favorable ad-market context, a rise in market share, and regional expansion are all aiding its advertising growth. The company has launched Zee5, which is expected to break even in the next 3-5 years.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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