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New year, new portfolio! Yes Securities gives 6 high conviction stock ideas for 2020

Updated : 2020-01-15 12:51:03

Indian equities are in a final phase of consolidation, said Yes Securities in a report. The brokerage envisages two scenarios in 2020, first, where Nifty moves to its best‐case scenario of 12,915-13,000, with the rising possibility of a sudden and steep fall, or second, the rise in large caps decelerates this year and broader market participation picks up somewhat. An attractive earnings yield, lacklustre alternate asset classes, benign long‐term oil prices and a supportive global risk‐on trade are other positives for equities, it added. Yes Securities presents six high‐conviction ideas for 2020 in this report:

 Ashok Leyland:  The brokerage said that history indicates that the stock appreciates 30‐200 percent in a 12‐18 month window after a cyclical peak in multiples.
Ashok Leyland: The brokerage said that history indicates that the stock appreciates 30‐200 percent in a 12‐18 month window after a cyclical peak in multiples.
 Polycab India:  As per the brokerage, even post an annual capex of Rs 250 crore, total free cash flow generation expected at Rs 1,150 crore over the next three years.
Polycab India: As per the brokerage, even post an annual capex of Rs 250 crore, total free cash flow generation expected at Rs 1,150 crore over the next three years.
 Cochin Shipyard:  The company has an order book of Rs 16100 crore owing to phase III contract of IAC and ASW SWC project, said the brokerage. 
Cochin Shipyard: The company has an order book of Rs 16100 crore owing to phase III contract of IAC and ASW SWC project, said the brokerage. 
 Birla Corporation:  Considering the strong presence of the company in favorable markets, long runway for growth due to back-ended facilities, scaling up from a mid‐sized to a large‐sized player and efficient operations are major positive for the company, said the brokerage in the report.
Birla Corporation: Considering the strong presence of the company in favorable markets, long runway for growth due to back-ended facilities, scaling up from a mid‐sized to a large‐sized player and efficient operations are major positive for the company, said the brokerage in the report.
 KNR Construction:  With Government’s focus on the Water segment, KNRs presence in the Irrigation space would provide a strong business opportunity in the near to medium term, said the brokerage.
KNR Construction: With Government’s focus on the Water segment, KNRs presence in the Irrigation space would provide a strong business opportunity in the near to medium term, said the brokerage.
 Repco Home Finance:  Repco has thus conservatively allocated capital over the past couple of years, the brokerage said..
Repco Home Finance: Repco has thus conservatively allocated capital over the past couple of years, the brokerage said..
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