221 Investors following Rasandik Eng. Share this News with them.
0
Like this story, share it with millions of investors on M3
Experts list midcap stocks that still roar
The midcap Index was on a down trend last week. However, market experts still believe that there are stocks from this space that can be bought by investors.
Janish Shah of Networth Stock Broking picks Rasandik Engineering and Clutch Auto from the midcap space.
He says, "Rasandik Engineering has two divisions; the sheet metal component and tools and dyes division. Both these divisions are undergoing significant expansions and the company has achieved a lot of break-throughs in the tools and dyes division, and this is expected to translate into substantial growth for both its divisions. The long-term outlook is fairly positive for this stock."
On Clutch Auto, he says that the company looks good and is expected to have an EPS of around Rs 9.
He says, "The company has recently got a few good tie-ups on the export front, and the replacement market in US is responsible for a large part of the company's growth. The CAGR of the company is expected to grow by 80% for the next three years. For the current year, the company is expected to have an EPS of Rs 9."
Jayprakash Sinha, Associate VP-Equity Research, Kotak Securities says that midcaps like Gateway Distriparks, Aegis Logistics, KRBL, Tractors India, Voltas, Bharat Bijlee, Bharat Forge, Minda Industries and Amtek India, are looking positive.
He says, "Ahead of Q2 results, we are looking at stocks like Gateway Distriparks and Aegis Logistics, at this point in time. Other midcaps that look good include KRBL, Tractors India, Voltas, Bharat Bijlee and Bharat Forge."
He says, "Rasandik Engineering has two divisions; the sheet metal component and tools and dyes division. Both these divisions are undergoing significant expansions and the company has achieved a lot of break-throughs in the tools and dyes division, and this is expected to translate into substantial growth for both its divisions. The long-term outlook is fairly positive for this stock."
