Double your profit: Top 10 Best Stocks to buy right now in India | 2017
If you want to learn how to identify multibaggers in penny stocks please read our previous article; How to Invest in Penny Stocks for Multibagger return?
Following is the latest list of Top 10 Stocks to Invest right now in India that can double your portfolio by the end of December, 2017.
Also read; Top 10 High Dividend Paying Companies in India
Double your profit: Top 10 Best Stocks to buy right now in India | 2017
1. L&T: Shares
of the infrastructure giant L&T
could give a potential return of 119% over two years. Sharekhan believes that the stock may touch a target price of Rs 3800 by December 2017. It currently trades at Rs 1400 levels. The price for the stock moved in the range of Rs 1242 to Rs 1893 over the last one year. The government's commitment to the energy, roads and defense segments can help the company record higher revenue growth next year.
2. Network 18 India: Sharekhan expects The full-play media company with interests in television, the Internet, print and film content could lead to a yield of 195% over the next two years. Because it is expected to jump from its current price of Rs 36 (Rs 51 when the report was released in March 2015) to its target price of Rs 150 through to December 2017. The stock of Network 18 India has already jumped 65% last year yet it will be most picked stocks to invest right now in India 2017.
3. IRB
Infra: Sharekhan expects IRB Infra to deliver a yield of 173.4% over
next two years with a target price of Rs 680. The stock currently on Rs 230
levels. This increase in the share price could be due to the fact that the
company is currently benefiting from the current attention for infrastructure
development in India. IRB Infra has already recorded an increase in revenue in
the construction, operations and transfer (BOT) projects for the quarter ended
December 31, 2014. This corresponds to a third of IRB Infra's overall profit.
This is a huge boost to the company's profits. The National Highway Authority
also has more gains in tax rates up to March 2015 that last year. This
inclusion in the activity is good for IRB Infra.
4. TCS:
Shares of the IT giant TCS could be more than twice as large as Rs 5,100 levels
by December 2017. It is currently about Rs 2,430 levels. This is because the
company has consistently exceeded the average growth of the industry. It grew
by 15% in 2015, over the industry 12-14% expectation. This is despite the
negative impact of exchange rate fluctuations, which have impacted their sales
by 4.8%. The company also intends to expand to newer markets and geographic
locations. According to sharekhan one of the renowned stock broker this could
benefit the IT major TCS in the next two years.
5. PTC
India Financial: PTC India Financial Ltd is from financial services sector,
operating in the solar and wind energy sectors could give investors a yield of
151.7% over a period of two years. Currently trading on Rs 43 levels, the stock
according to Sharekhan could go up to December 2017 target price of Rs 144
rise. This is because the company benefits from the government's thrust on the
solar and wind energy sectors. Cheap interest rates can also help reduce the
financing costs for the company, improving profitability.
6. Tata
Motors DVR: The automaker Tata Motor is expected to yield 151.5% yields
during the two years to December 2017 and bringing the affected share a target
price of Rs 850. It currently trades at Rs 340 levels. The stock is in the
range of Rs 221 to Rs 391 last year. The company could benefit over the next
three years from the planned launch of 100 new commercial vehicles.
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7. Maruti Suzuki: According to Sharekhan, the stock prices of the leading automobile company Maruti Suzuki could jump almost 105% over the next two years to Rs 7450. Maruti's shares are currently traded at Rs 5,800 levels (Rs 3,600 when the report was released in March 2015) . Maruti Suzuki, the leader in the domestic automotive market, recorded growth of 13% in December 2014, compared to the industry average of 3.7%. Its new automatic cars and commercial vehicles were well received in the market. The recent devaluation of the Japanese yen can help reduce costs as part imports become cheaper. This is good news for shareholders and Maruti's profitability.
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7. Maruti Suzuki: According to Sharekhan, the stock prices of the leading automobile company Maruti Suzuki could jump almost 105% over the next two years to Rs 7450. Maruti's shares are currently traded at Rs 5,800 levels (Rs 3,600 when the report was released in March 2015) . Maruti Suzuki, the leader in the domestic automotive market, recorded growth of 13% in December 2014, compared to the industry average of 3.7%. Its new automatic cars and commercial vehicles were well received in the market. The recent devaluation of the Japanese yen can help reduce costs as part imports become cheaper. This is good news for shareholders and Maruti's profitability.
8. Finolex
Cables: The cable manufacturer Finolex Cables is expected to
post a 25% growth in sales during the quarter to March 2015. It is also likely
to post double-digit growth rates in FY2016. This should feed the stock to
yield a potential return of 126% over the next two years. It is currently
trading at Rs 430 levels and is expected to reach a target price of Rs 650 by
December 2017. The introduction of the Goods and Services Tax (GST) in India
could also help the company. The new Manufacturing plant set up by Finolex
Cables in Roorkee may add something in its overall turnover.
9. Axis
Bank: The shares of Axis Bank one of the leading private bank are expected to
more than double to Rs 1210 by December 2017, which corresponds to a yield of
112.3%. Since the stock split in July 2014, the stock has already risen by 32%.
Axis Bank has a strong commitment to the infrastructure segment, which is the
focus of the government. Axis Bank could therefore benefit from the
increase in infrastructure projects and development activity in years to come.
10. SBI: SBI
is the largest public bank in India which has the potential to provide 111.8%
return in two years. From its current level of Rs 260, Sharekhan expects the
stock price to rise to Rs 580 by December 2017. After Demonetization by the
Modi government, SBI is one of the first banks to reduce lending rates in
response to the decline in rates by the RBI. This aggressive pricing policy can
help SBI to capture more market share and wealth maximization to its
shareholders.
So these are the '10 Stocks to buy now in India' that can your portfolio by the end of December, 2017, some of them may have potentiality to be a multibagger stock in 2017 to 2020. Good Luck and Happy Investing!
Credits;
Yahoo India Finance.
Simplus Information Services Pvt Ltd.
Sharekhan.
Photo: stockastuces.org
Over
to you
Now
let’s make this post more interesting; do you believe that Large Cap stocks may also be multibagger stocks? Do you have any other list of 10 shares in your mind which you think suitable to invest right now in India?
If yes, please tell us why by using the comment box below.
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None of the information seems to hold true except Finolex cable
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