Tata Motors

Tata Motors saw a surge in sales, which grew a strong 19.4 per cent for the quarter ending March 31, 2016. 

The standalone revenues grew 16.6 per cent, while JLR revenues rose 13.2 per cent year on year. Profits and margins also beat expectations.

Increase in JLR revenues was driven by 19.8% yoy jump in volumes. The management expects a surge in volumes, thanks to a surge in new launches.

The shares have already rallied from 52-week low levels of Rs 280 to the current levels of Rs 450. There maybe very limited upside from current levels.

If you get the stock under Rs 400, it could be worth buying.

PNC Infratech

The company delivered a solid robust revenue growth of 27 per cent, year on year, beating expectations.

The current order book of the company is a huge Rs 5,500 crores. The management believes it can achieve a 20 per cent revenue growth in FY 2-16-17.

The stock is undervalued at a p/e ratio of 15 times one year forward earnings. Not a bad bet at the current levels.

KNR Constructions

KNR Constructions like PNC Infratech delivered a solid set of results.

The company reported topline growth of 16 per cent, yoy, which was bagged by strong execution.

The company has a solid order book of Rs 4400 crores, which would ensure a revenue stream for the many quarters to come.

The government's focus on the infra space should benefit the company in the next few years. A good stock to buy at the current levels.

Hindalco

This company really surprised with its quarterly numbers. The stock jumped a huge 8 per cent on the day of results. Aluminium production at the company touched record levels during the quarter.

Higher share of automotive grade shipments in Novelis would continue to benefit the company along with a surge in volumes.

Not a bad stock to buy on dips at around the Rs 90 levels.

Sterlite Technologies

The company reported a solid set of quarterly numbers, with revenues rising by 19 per cent, during Q4 FY16.

This was higher than most analyst estimates.

A rising demand and incremental capacity of Optic fibre and cables coming onstream would ensure strong topline and earnings performance in the coming years.

Also the company would benefit from rising contribution from Elitecore business and rising penetration into the services segment.

L&T

LT reported a strong set of results led by strong execution in the domestic infrastructure segment, which surprised most analysts. The stock rallied 9 per cent on the day of its results.

The company has a solid business model, superior execution capability, strong order book and exposure to diverse businesses, which should keep the stock above the 1500 levels.

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