You may be aware that the IPO of Galaxy Surfactants has been withdrawn on the back of poor response. If you wanted to invest in this IPO, and could not, because of the development, then, we have some alternative choices.
At this point in time, it will make sense to invest in stocks with good fundamentals. Our research team, recommends 3 such alternatives. These are:-
1. Mundra Port & SEZ Ltd (CMP INR 148.65)
Mundra Port SEZ (MPSEZ), incorporated as Gujarat Adani Port on May 26, 1998, and began commercial operations in October 2001, post entering into concession agreement with GMB to build, operate and maintain the port for a period of 30 years till 2031 extendable by another 20 years. The port is into providing cargo handling services for bulk, crude and container cargo. The company has also received approval to develop the adjacent port land as a multi-product SEZ. Hence recommended for investing.
2. Aurobindo Pharma Ltd - (CMP INR 193.70)
We believe ARBP has long term growth visibility, led by expected ramp up from Pfizer deal to Europe and ROW markets. PFE deal is strategic in nature and adds medium term support to valuations. We believe ARBP valuations are cheap, and incremental ramp-up in Pfizer sales and margins upsides in medium term will help narrow the gap with other generic peers. Hence a good stock to invest in.
3. South Indian Bank (CMP INR 23.25)
South Indian Bank is one of the best regional-based private banks in the country. We like the bank for its strong regional presence, and good technology network. SIB generates decent margins on the back of its structurally strong deposit franchise. Therefore, we recommend you to invest in it.
At this point in time, it will make sense to invest in stocks with good fundamentals. Our research team, recommends 3 such alternatives. These are:-
1. Mundra Port & SEZ Ltd (CMP INR 148.65)
Mundra Port SEZ (MPSEZ), incorporated as Gujarat Adani Port on May 26, 1998, and began commercial operations in October 2001, post entering into concession agreement with GMB to build, operate and maintain the port for a period of 30 years till 2031 extendable by another 20 years. The port is into providing cargo handling services for bulk, crude and container cargo. The company has also received approval to develop the adjacent port land as a multi-product SEZ. Hence recommended for investing.
2. Aurobindo Pharma Ltd - (CMP INR 193.70)
We believe ARBP has long term growth visibility, led by expected ramp up from Pfizer deal to Europe and ROW markets. PFE deal is strategic in nature and adds medium term support to valuations. We believe ARBP valuations are cheap, and incremental ramp-up in Pfizer sales and margins upsides in medium term will help narrow the gap with other generic peers. Hence a good stock to invest in.
3. South Indian Bank (CMP INR 23.25)
South Indian Bank is one of the best regional-based private banks in the country. We like the bank for its strong regional presence, and good technology network. SIB generates decent margins on the back of its structurally strong deposit franchise. Therefore, we recommend you to invest in it.
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