Six great stocks Prabhudas Lilladher is bullish on and why

finds a report by Prabhudas Liladher. On a month-on-month as well as on a calendar year-to-date basis,
the BSE Midcap Index punched above its weight, growing 6.1 percent and 20.9 percent, respectively.
A large trigger for the midcaps' strong performance has been domestic tailwinds.
The 10 year G-Sec Yield is trading at 7.04 percent -- lowest in the last seven years.
The increased liquidity is pushing bond yields to move down. With the RBI relying more
on open market operations than on policy rate changes to manage liquidity, the cost of
funds have reduced for the financial services companies and the corporates who use more
of credit substitutes.

Hexaware Technologies : Its performance is heartening against a backdrop of revenue/margin
miss by most mid‐cap peers. Retain 'Accumulate' with a target price of Rs 255 based on 16x CY17
Earings per Share.


Sadbhav Engineering : Sadbhav will be the key beneficiary of strong outlook in road sector and
improving outlook in Mining and Irrigation sector, says Prabhudas, which has a revised target price
of Rs 351.


SpiceJet : SpiceJet's focus on cargo services and other ancillary services like food and beverage is
expected to result in increasing share of cargo services revenues significantly from 2.9 percnt of
sales in FY15. Fleet size expansion will also result in benefits for company. Target price: Rs 115.


VRL Logistics : VRL may emerge as a key beneficiary with almost double-digit
volume growth as we anticipate 20 percent increased availability of GT vehicles
. Further, VRL is much better placed to garner volume shift from unorganised to organized segment.
Target Price: Rs 360.


NIIT Technologies : Fresh order intake for NIIT Tech was at USD 101 million driven by large wins
from USA and UK. Company expects steady growth in remaining of FY17 driven by ramp‐up of deals and
stability in services business. Target Price: Rs 600.


Navneet Education : Navneet’s strategy of subscription-based model is strong point for company
and Prabhudas expects it to deliver exponential growth in revenues over the next 3-5 years.
Target Price: Rs 124.

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Indian market will stay expensive, outperform -Jhunjhunwala

India is going to be among the fastest growing economy in the world,
it is likely to stay an expensive market and be an outperformer,
says jhunjhunwala sharing his outlook on performance
of global equity markets. Growth in India can hold above
7 percent, jhunjhunwala says, adding, as one of the growth leaders the country will
attract fairly good foreign capital. On global market jitters ahead of the US
Federal Reserve meeting later this month,
Chief Investment Officer, Benson Avenue Capital and asked him about the turnaround seen in US markets.
According to him, the correction seen on Friday in the US markets could have been a one-off event because
of extremely low volatility and because of two catalysts. One, where most Fed watchers have increased their
view that rates are going to rise and two, some indications showing Donald Trump doing better in polls,
which did not go well with people on Friday.
However, now most markets are settling in with the idea that rates are going up. So,
positioning is to stay long equity but be cautious on bonds and that is what is playing
through right now.