Top 10 Best NIFTY Stocks for 2017 that posted good Q3 results

Top 10 Best NIFTY Stocks for 2017 that posted good Q3 resultsTop 10 Best NIFTY Stocks for 2017 that posted good Q3 results


NIFTY 50 companies are considered as top stocks in the Indian Stock Market. However, some of the companies under NIFTY50 may or may not perform well all the time. Investors should invest in companies that are posting good results year on year.  Investors should invest at right time. Which are the 10 Best NIFTY 50 Stocks that have posted good results in Dec-16 Quarter? What is their revenue growth now? Should you invest in these Top 10 NIFTY Stocks that posted amazing quarter results?

Also Read: 10 Best Midcap Stocks for 2017 that posted amazing results recently

Top 10 Best NIFTY Stocks for 2017 that posted good Q3 results


While NIFTY 50 stocks are considered as top companies in India, it also depends on how such companies are performing quarter on quarter. Investing in a good company that gave bad Qtrly performance can ruin your investment. If the performance is good, their stock price would go up. While picking up Top 10 Best NIFTY 50 Stocks that posted good Q3 results, I have considered the following parameters.

  1. Picked-up stocks that have delivered revenue growth rate of 15%+ in Dec-16 Qtr compared to Dec-15 Qtr.
  2. Picked-up stock that earned high profits / margin growth of 15%+ in Dec-16 Qtr compared to Dec-15 Qtr.
  3. I have given stock market expert views against these stocks.
  4. I have also given my view against these stocks.

Top 10 Best NIFTY Stocks for 2017 that posted good Q3 results


Top#1 – Ambuja Cement – CMP – Rs 229


Overview: Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited, is a major cement producing company in India. The Group's principal activity is to manufacture and market cement and clinker for both domestic and export markets.

  • Company posted revenue of Rs 4,936.2 Crores for Dec-16 Qtr Vs Rs 2,379.2 Crores in previous year quarter ended Dec-15 indicating revenue growth of 107% YoY.
  • Company posted Profits of Rs 205.7 Crores for Dec-16 Qtr Vs Rs 110 Crores in previous year quarter ended Dec-15 indicating growth of 87% YoY.
  • Axis Direct recommends to BUY this stock with a target price of Rs 245.
  • Edelwelss asks investors to HOLD this stock with a target price of Rs 245.

Top#2 – State Bank of India (SBI) – CMP Rs 270


Overview: State Bank of India is a public sector banking company in India. It is a government-owned corporation with its headquarters in Mumbai.

  • Company posted revenue of Rs 57,738.8 Crores for Dec-16 Qtr Vs Rs 40,553.5 Crores in previous year quarter ended Dec-15 indicating revenue growth of 42% YoY.
  • Company posted Profits of Rs 2,152.2 Crores for Dec-16 Qtr Vs Rs 1,115.3 Crores in previous year quarter ended Dec-15 indicating growth of 93% YoY.
  • Geojit Securties gives BUY recommendation with a target of Rs 315.
  • Axis Direct recommends this stock with a target price of Rs 315.

Top#3 – BPCL – CMP Rs 625


Overview: Bharat Petroleum Corporation Limited is an Indian state-controlled oil and gas company headquartered in Mumbai. The Corporation operates two large refineries of the country located at Mumbai and Kochi.

  • Company posted revenue of Rs 64,095.7 Crores for Dec-16 Qtr Vs Rs 46,666.6 Crores in previous year quarter ended Dec-15 indicating revenue growth of 37% YoY.
  • Company posted Profits of Rs 2,271.9 Crores for Dec-16 Qtr Vs Rs 1,488.6 Crores in previous year quarter ended Dec-15 indicating growth of 53% YoY.
  • ICICI Direct recommends this stock to buy with a target price of Rs 725.
  • Axis Direct recommends this stock to buy with a target price of Rs 795.

Top#4 – ADANI PORTS & SEZ – CMP Rs 300


Overview: Adani Ports and Special Economic Zone Limited is India’s largest private multi-port operator. APSEZ is a part of the Adani Group, an integrated infrastructure corporation.

  • Company posted revenue of Rs 2,235.8 Crores for Dec-16 Qtr Vs Rs 1,717.9 Crores in previous year quarter ended Dec-15 indicating revenue growth of 30% YoY.
  • Company posted Profits of Rs 849.8 Crores for Dec-16 Qtr Vs Rs 645 Crores in previous year quarter ended Dec-15 indicating growth of 32% YoY.
  • Edelweiss recommends this stock to buy with a target price of Rs 321.
  • Axis Direct asks to investors to HOLD with a target price of Rs 333.

Top#5 – Maruti Suzuki – CMP Rs 5,956


Overview: Maruti Suzuki India Limited is an automobile manufacturer in India. It is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.

  • Company posted revenue of Rs 19,173.1 Crores for Dec-16 Qtr Vs Rs 15,081.9 Crores in previous year quarter ended Dec-15 indicating revenue growth of 27% YoY.
  • Company posted Profits of Rs 1,744.5 Crores for Dec-16 Qtr Vs Rs 1,019.3 Crores in previous year quarter ended Dec-15 indicating growth of 71% YoY.
  • ICICI Direct recommends this stock to buy with a target price of Rs 6720.
  • Axis Direct recommends this stock to buy with a target price of Rs 6,735.
  • Motilal Oswal recommends this stock to buy with a target price of Rs 6,808.

Also Read: Which are the best Infra Mutual Funds to invest now?

Top#6 – IndusInd Bank – CMP Rs 1335


Overview: IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services.

  • Company posted revenue of Rs 3,699.3 Crores for Dec-16 Qtr Vs Rs 2,927.7 Crores in previous year quarter ended Dec-15 indicating revenue growth of 26% YoY.
  • Company posted Profits of Rs 750.6 Crores for Dec-16 Qtr Vs Rs 581 Crores in previous year quarter ended Dec-15 indicating growth of 29% YoY.
  • Motilal Oswal recommends this stock to buy with a target price of Rs 1,430..
  • Axis Direct recommends this stock to buy with a target price of Rs 1,400..

Top#7 – Lupin Ltd – CMP Rs 1,445


Overview: Lupin Limited is a transactional pharmaceutical company based in Mumbai. It is the seventh-largest company by market capitalization; and the 10th-largest generic pharmaceutical company by revenue globally.

  • Company posted revenue of Rs 4,482.9 Crores for Dec-16 Qtr Vs Rs 3,555.8 Crores in previous year quarter ended Dec-15 indicating revenue growth of 26% YoY.
  • Company posted Profits of Rs 633.1 Crores for Dec-16 Qtr Vs Rs 529.8 Crores in previous year quarter ended Dec-15 indicating growth of 19% YoY.
  • Axis Direct recommends this stock to buy with a target price of Rs 1,600..
  • Motilal Oswal recommends this stock to buy with a target price of Rs 1,850..

Top#8 – Yes Bank Limited – CMP Rs 1,479


Overview: YES BANK is India's fifth largest private sector Bank.. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last two decades.

  • Company posted revenue of Rs 4,231.6 Crores for Dec-16 Qtr Vs Rs 3,376.1 Crores in previous year quarter ended Dec-15 indicating revenue growth of 25% YoY.
  • Company posted Profits of Rs 882.6 Crores for Dec-16 Qtr Vs Rs 675.7 Crores in previous year quarter ended Dec-15 indicating growth of 31% YoY.
  • Prabhudas Lillander recommends this stock to buy with a target price of Rs 1,595.

Top#9 – Power Grid – CMP Rs 192


Overview: The Power Grid Corporation of India Limited, is an Indian state-owned electric utilities company headquartered in Gurgaon, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network.

  • Company posted revenue of Rs 6,629.8 Crores for Dec-16 Qtr Vs Rs 5,406.6 Crores in previous year quarter ended Dec-15 indicating revenue growth of 23% YoY.
  • Company posted Profits of Rs 1,930 Crores for Dec-16 Qtr Vs Rs 1,613.1 Crores in previous year quarter ended Dec-15 indicating growth of 20% YoY.
  • Motilal Oswal recommends this stock to buy with a target price of Rs 238.
  • HDFC Sec recommends this stock to buy with a target price of Rs 231.
  • ICICI Direct recommends this stock to buy with a target price of Rs 220.

Also Read: Top Motilal Oswal Mutual Funds to invest

Top#10 – Hindalco Ltd – CMP Rs 187


Overview: Hindalco Industries Ltd., an aluminium manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai.

  • Company posted revenue of Rs 9,914.8 Crores for Dec-16 Qtr Vs Rs 8,150.3 Crores in previous year quarter ended Dec-15 indicating revenue growth of 22% YoY.
  • Company posted Profits of Rs 320.4 Crores for Dec-16 Qtr Vs Rs 40.5 Crores in previous year quarter ended Dec-15 indicating growth of 691% YoY.
  • Geojit Research recommends this stock to buy with a target price of Rs 208.
  • Centrum recommends this stock to buy with a target price of Rs 245.

Conclusion: These are top NIFTY 50 stock picks for 2017 based on Dec-16 Quarter results. However, one can review these and consider investing during market corrections.

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Suresh

Top 10 Best NIFTY Stocks for 2017 that posted good Q3 results

6 comments

  • Karen

    Nice article Suresh. I would like to ask for tips on where and how much I should invest for the next 5 years to meet a target of about 30 to 35 lakhs for down payment on a house loan. I already have long term SIPs of 26K per month as a retirement planning……I started late you see.

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