RECOMMENDED BY RELIGARE SECURITIES

Jamna Auto (CMP: 176; Target Price 234)

The company commands a dominant share in the Indian leaf spring business. The implementation of the GST will act as a catalyst for growth in the replacement market.

Greenply Industries (CMP: 254; Target Price: 322)

It has a strong presence across markets and an asset-light model. Passage of GST, revival in housing construction and greenfield expansion will drive growth.

Uniply Industries (CMP 170; Target Price: 214)

It is coming out of the woods with change in management and acquisition of Euro Décor’s business. Revival in housing construction, passage of the GST Bill and entry in newer geographies are expected to be growth catalysts.

Garware Wall Ropes (CMP 446; Target Price: 560)

It has diversified offerings across verticals and geographies. Going ahead, recovery in demand will boost revenue; higher exports to improve margins.

Bajaj Corp (CMP: 402; Target Price: 500)

The company has been continuously evaluating inorganic acquisition opportunities. Strong brand and distribution network bodes well in wake of the expected demand revival.

Atul Auto (CMP 473; Target Price: 580)

It has been consistently improving its market share. The launch of the new petrol vehicle will further enhance its presence in domestic and export markets.

Century Plywoods (CMP: 233; Target Price: 271)

It is India’s largest plywood player with excellent brand franchise and distribution network. Backward integration, revival in housing construction and passage of the GST will benefit the company.

CMP is current market price; CMP and Target Price in Rs