After a lackadaisical budget , all eyes are on RBI's credit policy review of April. Many market experts are expecting a rate cut in the April review itself. With inflation showing little signs to cool down, rate cut decision may take some more time.
A rate cut will definitely lead to a significant rally in Banking, Infra, Power and Realty shares.
In the current market I found good investment opportunities into the following shares :-
1. Tata Motors (DVR)
Globally DVR's trade at 12 to 30 % discount to the parent shares. However, after a tepid response to the DVR issue situations have changed recently. Tata Motors DVR has risen sharply after company posted a strong Q3 performance. It is still available at 45 % discount to the Tata Motors share price offering investors significant room to earn good returns. One can invest at the current levels.
Target - 180 in medium term
2. Dena bank
A PE of just 4.4 and price to book ratio of 0.89 makes Dena Bank the most attractive Public Sector Bank valuation wise. One can enter at current levels. With rate cut on horizon, it offers significant upside as compared to any other Public sector banks.
Target - 115 in medium term
One can also consider Petronet LNG, TCS and LIC Housing at current levels.
