Interestingly, from these 12 names, there are three stocks that have already more than doubled investor’s wealth in last one year. Sadhana Nitro Chem, HEG and National Peroxide gained 1435%, 117% and 101%, respectively.
PE multiple is widely used as a valuation tool that helps in screening a stock on a relative basis.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
In terms of returns, the BSE Midcap and Smallcap indices saw a cut of 11 percent and over 14 percent so far in 2018, compared to an over 1 percent return in the Sensex.
10 stocks in LIC’s portfolio that have emerged as multi-baggers in the last one-year
According to Sharmila Joshi of sharmilajoshi.com, one may stay invested in HEG.
The valuation of India market still remains to be rich; hence, any correction owning to global volatility should be used as a buying opportunity to dig into quality stocks.
Interestingly, among the list, only three companies have been able to post positive topline and bottom line growth in each of the first three quarters of 2017.
Pankaj Jain of SW Capital is of the view that one may buy HEG with a target of Rs 2215.
The S&P BSE Sensex rose over 200 points in trade on Friday but there was plenty of action in individual stocks as more than 150 stocks hit a fresh 52-weeks high on the BSE.
Stocks which rose in the first six months of the financial year 2018 include socks like Indiabulls Ventures in the smallcap space led the rally, up 383 percent, followed by Toyam Industries which gained 368 percent, and HEG rose 333 percent.
With PM Modi’s vision of making every Indian car electric by 2030, stocks of automakers and ancillary companies which produce electric parts or vehicles are likely to take off.
We believe the recent cool off in banking space has also created fresh entry opportunities.
Ashwani Gujral of ashwanigujral.com recommends buying Chennai Petroleum, UPL and HEG.
HEG can test Rs 450 in next two-three years time, says Rajen Shah, Angel Broking.
Buy HEG on dips, says Shardul Kulkarni, Sr. Technical Analyst, Angel Broking.