Moneyontrol collated a list of 10 stocks that could give double-digit returns in 2020. Returns are calculated based on the closing price of January 6: Brokerage: Edelweiss Adani Ports : Buy | Target: Rs 450 | Return: 18.4 percent Extending its acquisition spree, Adani Ports and SEZ’s (APSEZ) acquired 75 percent stake in Krishnapatnam Port (KPCL) in an all-cash deal of Rs 5,500 crore (EV of Rs 13,500 crore). The KPCL acquisition will add 5 percent market share to APSEZ’s (22 percent) all-India cargo volumes. It is likely to fill a key gap in the company’s portfolio due to its distinct hinterland, which is currently not serviced by it. Our calculation indicates that at Rs 5,500 crore equity valuation, the deal is value accretive by Rs 23 per share from long-term perspective. We maintain buy with target of Rs 450. Brokerage: Antique Stock Broking Phoenix Mills : Buy | Target: Rs 1,000 | Return: 16 percent We remain positive on consumption and commensurate rental growth in it...
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