Kotak Securities, 2017 top picks and Ideas,

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Kotak Securities

NIIT Target Rs 103
The initiatives taken by the new management have led to consistent improvement in revenue growth and earlier­than­expected benefits on margins over the past six quarters. We remain optimistic on the prospects of NIIT.NIIT has launched new programs in S&C business and added new clients in CLS, which should support future growth.

Mirza International Target Rs 119
Mirza intends to grow Redtape business by aggressive marketing and increasing focus on online business. It is also planning to foray in the affordable segment under a new brand, Bondstreet, in the domestic market. It intends to penetrate this segment by offering quality products at a competitive price to its competitors. MIL has a fully integrated model and has a track record of generating 20% plus RoCE and positive operating cash flows, based on robust margins and control over working capital.

Mold Tek Packaging Target Rs 260
Mold Tek Packaging is a leading manufacturer of high­quality rigid plastic packaging products nd a pioneer is Inject Mold Labelling (IML) for lubricants, paints and FMCG industry . Mold Tek Packaging stands to gains in the coming years from the increasing share of IML, The stock trades at 12.5x FY18E earnings, and on EVEBITDA, It trades at 7.5x FY18E.

Natco Pharma Target Rs 750
Strong R&D capabilities and focus on creating a niche product portfolio sets Natco apart from its peers. For the coming years we expect both US and domestic formula tions to further lead the growth and enable the company in posting 58% revenue CAGR and 87% PAT CAGR over FY15­18E. The stock we believe will continue to trade at higher multiples given the events lined up over the next 6­12 months.

PNC Infra Target Rs 142
PNC has track record of timely and before schedule completion of projects and received early completion bonus. It has robust current order book of Rs.62.2bn.This gives high revenue growth visibility for the next 2­3 years. It has consistently enjoyed margins of about 12­ 14%, which is good for road­construction company.