TRF, HCC, BEML: Good long term bets, says Shah

2702 Investors following TRF. Share this News with them.

0

Like this story, share it with millions of investors on M3

TRF, HCC, BEML: Good long term bets, says Shah

TRF, HCC and BEML are long term bets, says Rajen Shah, CIO, Angel Broking.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rajen Shah See what other Experts & Brokerages are saying about TRF See messages about TRF

TRF , HCC and BEML are long term bets, says Rajen Shah, CIO, Angel Broking.

Shah told CNBC-TV18, "TRF looks very interesting and BEML actually and to a certain extent HCC. TRF was quoting at about Rs 1,200 in May 2010 and currently quoting at around Rs 325. I think it correct 70%. A Tata Group company having corrected 70% I think there were certain issues as you may be aware of and all the viewers also may be aware of the reason why the stock crack but everything has been put in order now. I think the company should start doing well actually and probably if your time frame is about 2-3 years I think the stock can easily give you more than 100% upside, same with BEML. This year it should report about Rs 40 or so kind of earnings trading about 11 times as in to defense, mining, construction, metro projects. I think these are all long terms bets. You need to just buy and forgot at this point of time because it's discount sale which is going on."

He further added, "HCC lot of negativity has been factored into the stock price at Rs 30 at less than Rs 2,000 crore of market cap. I think recently HCC sold out 14% stake in one of its companies actually, subsidiaries HCC Concessions whereby the value of that subsidiary was Rs 1,800 crore. In fact they sold out to a PE investor called Xander from US. I think certain companies are at dirt cheap valuations. You need to be little contrarian get into the market and play into the stocks and you are sure to end up making money. Just a matter of buying the stocks and being patient, that is a key thing actually, you need to be patient, because nothing is going to happen in six and nine month if your time frame is 24 months, I think history is going to repeat itself."