Stocks which have already doubled your money in the last 2-3 years.Last week, market touched record highs but we saw some profit booking in small and midcap stocks. The S&P BSE Midcap index closed 124 points lower, while the S&P BSE Smallcap Index ended 140 points down for the week ended May 26.
We have collated a list of 10 stocks as suggested by various experts which have already risen more than 100 percent in the last 3 years but can still offer multibagger returns in next 2-3 years.
Bharat Forge (BFL) is planning to scale up the new business from current 5% to 15% in the next 2 to 3 years. The orders from Boeing and new defense JV with AM General will provide higher revenue visibility in the non-auto sector during FY18.
Ashok Leyland (AL)
Ashok Leyland (AL) is the second largest commercial vehicle (CV) manufacturer in India will be direct beneficiary led by improvement in the road infrastructure projects.
The management is focused on gaining market share in LCV from 15 percent to 30 percent over next 2-3 years by launching new models in FY18.
Higher than expected GST rate in consumer discretionary may have some impact on volume due to likely price hike post the GST rolled out.
We expect revenue & PAT to grow at healthy 14% & 17% CAGR over FY17-FY19E.
Bharat Electronics (BEL)
BEL is a debt free and a cash rich company with a strong order book with of Rs33,806 crore which is 4.7x FY16 sales, providing strong revenue visibility for next 4 years. GoI plans to bring down import dependence to 30% from current 60 percent.
The maker of Hair Oil and Edible Oil announced a strong set of the number during the Q4 with volume growth for domestic business at 10 percent higher than industry growth.
USD 30 billion in sales and operation in more than 7 countries, 3M sales wide range products portfolio.
Bajaj Finance has surged by almost 400 percent in last three years. The net profit during the Q4 grew at 43 percent while containing the surge in NPA at 1.68 percent.
Indiabulls Housing Finance
A mortgage lender at midcap segment had delivered 3 digit promising returns in last three years. The company reported 24 percent growth in net profit during the Q4 backed by growth in loan and interest income.
Despite slower orders due to the UP elections and the impact of the de-monetisation in H2 FY17, KEI’s EPC division did well in FY17. The Chopanki plant expansion disrupted production, hurting sales of EHV cables.
Mirza Intl. has launched a new brand “Bond Street” at a price point slightly below the Redtape brand in the range of Rs 1500-2000 per pair. “The company plans to sell around 3-4 lakh pairs in the domestic market in FY18. The new brand will give deeper penetration to the company in MBOs in tier 2 and 3 cities
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