Top 10 Stocks to Bet on for Cool Re­turns this Sum­mer

As the tem­per­a­ture be­gins to rise, bro­kers and ad­vi­sors are rec­om­mend­ing that in­vestors should buy stocks of com­pa­nies as­so­ci­ated with air con­di­tion­ers, cool­ing sys­tems, con­sumer durables and tours & travel that nor­mally see an up­trend be­tween March and J

The Economic Times - - Gold Returns As Much As Sensex Over Last 15 Years -

The sum­mer sea­son has be­gun well for the AC in­dus­try with an ex­pected growth of 15% YoY in value terms. Blue Star, ac­cord­ing to an­a­lysts, aims to again out­per­form the in­dus­try with a 25% YoY growth, lead­ing to its mar­ket share fur­ther ris­ing to 11.5-12%. “We value the com­pany at 21x FY18 es­ti­mated earn­ings at

433 for stand­alone busi­ness and 10x FY18E earn­ings at 32 for Blue Star,” said Ren­jith Sivaram, an­a­lyst, An­tique Stock Broking.

ET

Pidilite has a prod­uct which needs to be ap­plied to roof and walls so that the walls ab­sorb heat. Price to book value of the stock is ex­pected to be 10.9 and 9.5 times for FY16 and FY17 es­ti­mated book. “We have been buy­ers of this now be­cause we have been ex­pect­ing a hot sum­mer and the risk re­ward is evenly bal­anced from a short-term ba­sis,” said Ravi Shenoy, VP-re­search at Motilal Oswal. “If one is look­ing at near-term pos­i­tive re­turns, one could look at this stock for 5-10% up­side”.

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