Best Shares To Buy For Short Term In November 2018
Dec 12, 2018 | 15:42 PM IST
Dec 12, 2018 | 15:42 PM IST
In general, Short-Term investments are considered to be riskier than long term investments. But, short-term investments are important for making more profit from cash savings or liquid assets. Below were the best stocks to buy in Nov 2018, read Best Short Term Stocks To Buy Today if you are looking to buy shares today.
Share Market Tips For November 2018
Apollo Tyres Ltd (NSE: APOLLOTYRE) (Share Price: Rs. 225): Potential Buy
Valuation: Undervalued with TM PE of 14.30x.
Reasons to Consider: The havoc created by floods at two of its manufacturing plants in South India, a transport strike and volatile raw material prices, could not prevent Apollo Tyres Ltd. from increasing its global sales by 23% in the second quarter of its FY19.
Drivers: The government has recently imposed a five-year anti dumping duty on the import of radial tyres from China; which is positive for the company. The company has multiple manufacturing facilities in India, Hungary and the Netherlands, with a vast manufacturing and sales network around the globe.
Financials: Apollo Tyres reported a decent increase in consolidated net profit at Rs 146 crore for the second quarter of the current financial year, as against Rs 140 crore in the same quarter of last fiscal. The total income during Q2FY19 stood at Rs 4,269 crore as against Rs 3,496 crore in the year ago period.
Kalpataru Power Transmission Ltd. (NSE: KALPATPOWR) (Share Price: Rs.356): Potential Buy
Valuation: Undervalued with trailing PE of 15.38x.
Reasons to consider: The company posted healthy numbers in last five years. Revenue grew at an approximate 10% CAGR in last five years. The company has a strong order book of Rs.12,404 crore in FY18. Significant improvement in utilization levels average utilization over 80% for FY18.
Drivers: Government thrust for electrification would boost company's growth. Healthy order inflow gives a long-term revenue visibility. The company expect Rs 9,000-10,000 cr order inflow in FY19; Expect railways biz to grow at 40% over next 2 years.
Financial: Revenue grew by 18% in FY18 to Rs.2,756 crore. EBITDA margin expanded to 11.5% by 300 bps. PAT is up by 110% to Rs.34 crore.
ICICI Bank Ltd. (NSE: ICICIBANK) (Share Price: Rs.342): Potential Buy
Valuation: Overvalued with TM PE of 62.60x. and PB of 2.12x.
Reasons to consider: The bank posted healthy numbers in Q2FY19. Robust fee growth (17% up YOY), sustain NIM. Asset quality improved- Gross non-performing assets (GNPA) eased to 8.54% in Q2FY19 over 8.81% in Q1FY19. Net NPA also improved to 3.65% from 4.19% during the period.
Driver: The company posted better than expected numbers in Q2FY19. The bank posted uptick in growth, strong operational performance and sustain NIM. The pullback in asset quality and uptrend in coverage were inspiring.