Top 10 stocks to buy now
Kshitij Anand of moneyconrtrol.com has tapped into his vast reservoir of experts and requested them to recommend top 10 stocks for us to buy on the auspicious occasion of Holi.
As expected, the experts have unhesitatingly obliged and recommended the following stocks for us to buy without further delay:
Escorts
Escorts Ltd is a no-brainer because it is one of the crown jewels in Rakesh Jhunjhunwala’s portfolio.
If we had obediently followed Rakesh Jhunjhunwala’s illustrious footsteps and bought Escorts when he bought it, we would also be boasting of mega multibagger gains in our portfolios.
Rakesh Jhunjhunwala recently offered us valuable tips on how to find multibagger stocks.
He cited Escorts as a textbook example of how investors should have patience to hold on to their stocks even though the returns are elusive.
“A lot of investments test your patience and you doubt whether you have made a wrong investment,” the Badshah said in yet another attempt to drill sense into us.
“I bought the shares at Rs 125 and today the price is Rs 850. But for two and a half agonizing years, I was the only buyer and everybody would say what are you buying, what are you buying”, he added with a big smile on his face.
“So, it is also a matter of conviction, patience and luck,” he emphasized.
Thankfully, we can still join Rakesh Jhunjhunwala’s exalted company by buying Escorts.
According to Saurabh Jain of SSJ Finance & Securities, Escorts is an ideal pick because it derives nearly 70% of its revenue from the rural sector.
He opined that Escorts will continue to deliver robust performance, with 40 percent PAT CAGR over FY17-19E, mainly driven by revenue CAGR of 13 percent and EBITDA margin expansion of 300bp.
He has projected a target price of Rs 1,150 for Escorts which is a hefty upside of 29% from the CMP.
Our Jawans of Border Security Force
Celebrating #Holi .The pain of being far away from family during festivals is unbearable but the way these troops are enjoying presents the brotherhood among them which is needed for their morale.
Jai Hind. pic.twitter.com/zW3wbCmen0
— ऋषि मिश्र (@RishiMishra_) March 1, 2018
(Army Jawans at the Border celebrate Holi)
NOCIL
Novices who do not yet have NOCIL in their portfolios deserve to be pulled up and given a rap on their knuckles.
This is because NOCIL is not only one of the crown jewels in Dolly Khanna’s portfolio but it also has pride of place in Ashish Kacholia’s portfolio.
When a stock wins the confidence of two eminent stock pickers, one can be sure that multibagger gains will effortlessly gush out of the stock.
In fact, since I first wrote about Dolly Khanna having bought NOCIL, the stock is up a fabulous 145%.
Soumen Chatterjee of Guiness Securities has confirmed that NOCIL has a lot of steam left in it.
He has assured that the improved efficiencies led by a change in product mix and higher capacity utilization at Dahej facility coupled with low Debt make it an irresistible bet for all discerning investors.
Happy Holi ❤? @ShindeShilpaS #Shilpians #ShilpaFam pic.twitter.com/KAntlMchmk
— || R u b y || ? (@Rubipaul2) March 1, 2018
(Shilpa Shinde greets us Happy Holi)
Ujjivan
Micro-finance stocks have so far been declared to be out of bounds for us due to the diktats of Ramesh Damani and Shyam Sekhar.
The diktat has served us well and saved us from ruin because micro-finance stocks sank like a stone in the wake of demonetization and the ensuing NPA crises.
Some experts dramatically claimed that micro-finance stocks are trapped in the “jaws of death” from which there is no escape.
The first sign that things are changing came when Brahmal Vasudevan, the illustrious founder of Creador, defied the diktat and bought a massive chunk of Ujjivan Financial Services for his personal portfolio at bargain basement valuations.
Since then, leading experts are warming up to the prospects of micro-finance stocks on the logic that their valuations are now so bottom of the barrel that further downside is limited.
Some have opined that these stocks are better than HFC and private banks which are demanding steep valuations.
Saurabh Jain of SSJ Finance is of the same view.
He has opined that demonetization was a blessing in disguise for micro-finance stocks and that they have emerged stronger after the trial by fire.
He has also pointed out that the large number of rural masses who do not have access to banking facilities means that micro-finance companies are staring at a vast gold mine of opportunity.
Other stocks
The other seven stocks recommended by the experts are also well-known and fail-safe.
In my view time for making easy money is over. It is time to invest in long term Secular stories. Pvt insurance looks to be a space where one can invest and see growth for decades. I am invested. Just for discussion, no recommendation.
Hi Kharb
Could you throw some names of Pvt insurance names now to invest
I am invested in HDFC life insurance, ICICI prudential life insurance and icici Lombard and order of my preference is same, although as of now icici prudential life looks comparatively at favourable price. No need to rush, just one can add slowly to make insurance about 8 to 10% of portfolio in long term. One can go as basket buying in both life insurance stocks and one general insurance stock and can shift to one when clear leadership among these two emerges in future. No recommendation as I am not an expert , just for discussion.
Fundamentally Ujjivan looks promising as well as low risk investment.