Top Stocks to Buy in April 2018 Can Give Up to 60% Profit

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The Sensex closed at 33626.97, rising 1.95 percent over theprevious week while the Nifty closed with a gain of 2.10 percent at 10331.60from the past week.

Our research analyst at CapitalVia Investment Advisor,during this week, came out with its reports on three stocks, which could givereturns up to 60 percent in the next 9-12 months. 

Stock Tip 1: BPCL 

Bharat PetroleumCorporation Limited (BPCL) StockMarket/Share prices, Bharat Petroleum Corporation Limited (BPCL)Live BSE/NSE, F&O of Bharat Petroleum Corporation Limited 

Bharat Petroleum Corporation Limited (BPCL) was incorporated in 1952. Itis controlled by Indian state-controlled oil and gas company. The company isengaged in refining of crude oil and petroleum products marketing and offersLPG, aviation turbine fuel, kerosene, diesel, furnance oil and lubricants. Thecompany serves different industries like railways, defence, road transport,electricity boards and airlines etc.

Current Ratio 

Higher current ratio signifies healthy liquidity in the short term. Thelevel below 1 indicates that the company may not be able to meet its short termobligations. BPCL's average current ratio for the last 5 financial years hasbeen at 0.95, which indicates that the company is having the capability ofserving its short term obligations comfortably.

Long term Debt to Equity Ratio

Companies having high long term debt to equity ratio on their balancesheets are very fragile. Companies having higher ratio of this find itdifficult to pay interest on their borrowings as profit margins decrease. Theratio higher than 0.6-0.8 could make the company in a difficult situation tosustain its operations.

BPCL's average for long term debt to equity ratio for last 5financial years has been 0.77 which shows that the health of the organizationis fair enough and has a manageable level of debt if faced with a difficultsituation.

Interest Coverage ratio

Interest coverage ratio indicates, if the company may be able to meetits interest expense on its debt outstanding. Higher the ratio better it is forthe company and the minimum benchmark is 1.5. Interest coverage ratio below 1indicates that the company is not generating enough service for its debtobligations.

 BPCL's average interest coverage ratio over the last 5 financial yearshas been 6.10 times which is a fairly healthy level to serve the debtobligations in regular course of business.

 Buy BPCL Ltd above 420 with SL of 390 TP 490 

Stock Tip 2: HINDALCO 

Hindalco Industries Limited comes under Aditya Birla Group which isworld's largest aluminium roling company and on the of the biggest producer ofprimary aluminium in Asia. It was founded in 1958 and is placed at Renukoot ineastern UP. Mergers and acquisitions of the same with Indal, Birla Copper andNifty and Mt. Gordon copper mines in Australia strengthened its position inaluminium and copper products. The acquisition of novelis Inc. in 2007 made thecompany rank with top five aluminium majors worldwide and largest verticallyintegrated aluminium company in India.

Current Ratio 

Higher current ratio signifies healthy liquidity in the short term. Thelevel below 1 indicates that the company may not be able to meet its short termobligations. HINDALCO's average current ratio for the last 5 financial yearshas been at 1.44, which indicates that the company is having the capability ofserving its short term obligations comfortably.

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Long Term Debt to Equity Ratio

Companies having high long term debt to equity ratio on their balancesheets are very fragile. Companies having higher ratio of this find itdifficult to pay interest on their borrowings as profit margins decrease. Theratio higher than 0.6-0.8 could make the company in a difficult situation tosustain its operations.

HINDALCO's average for long term debt to equity ratio for last 5financial years has been 0.98 which shows that the health of the organizationis fair enough and has a manageable level of debt if faced with a difficultsituation.

Interest Coverage ratio

Interest coverage ratio indicates, if the company may be able to meetits interest expense on its debt outstanding. Higher the ratio better it is forthe company and the minimum benchmark is 1.5. Interest coverage ratio below 1indicates that the company is not generating enough service for its debtobligations.

HINDALCO's average interest coverage ratio over the last 5 financialyears has been 5.06 times which is a fairly healthy level to serve the debtobligations in regular course of business.

Buy Hindalco Industries Ltd above 235 with SL of 199 TP 275

Stock Tip 3 : ONGC

Oil and Natural Gas Corporation Limited is the second largest oil andgas exploration and production company in the world and ranks 23rdamong leading global energy majors. The company's primary business includesproduction and exploration of crude oil, natural gas, LPG and other value-addedpetroleum products.

Current Ratio 

Higher current ratio signifies healthy liquidity in the short term. Thelevel below 1 indicates that the company may not be able to meet its short termobligations. ONGC's average current ratio for the last 5 financial years hasbeen at 1.11, which indicates that the company is having the capability ofserving its short term obligations comfortably.

 Long term Debt to Equity Ratio

Companies having high long term debt to equity ratio on their balancesheets are very fragile. Companies having higher ratio of this find itdifficult to pay interest on their borrowings as profit margins decrease. Theratio higher than 0.6-0.8 could make the company in a difficult situation tosustain its operations.

ONGC's average for long term debt to equity ratio for last 5 financialyears has been 0.11 which shows that the health of the organization is fairenough and has a very low level of debt.

Interest Coverage ratio

Interest coverage ratio indicates, if the company may be able to meetits interest expense on its debt outstanding. Higher the ratio better it is forthe company and the minimum benchmark is 1.5. Interest coverage ratio below 1indicates that the company is not generating enough service for its debtobligations.

ONGC's average interest coverage ratio over the last 5 financial yearshas been 82.33 times which is a fairly healthy level to serve the debtobligations in regular course of business.

Buy ONGC above 185 with SL of 170 TP 200 

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Disclaimer: The views and investment tips expressed on capitalvia.comare our own and suggested by our research team, that do not provide anyguarantee, capitalvia.com suggest users to take advise with professionalexperts before any investment decisions.