PN Vijay’s latest stock picks are all sparkling. I wrote earlier about how his two picks, NBCC and Natco Pharma, have given gains of 117% and 33% respectively in a short period of a couple of months.
Today, it is the turn of KNR Constructions.
PN Vijay recommended KNR Constructions on 1st September 2014 when the stock was at Rs. 230. With his usual attention to detail, Vijay conducted an elaborate analysis of the fundamentals of the stock and explained why it is a great buy for our portfolio.
To everyone’s astonishment, the stock has taken off like a rocket, giving a fabulous return of 38% in the two months since PN Vijay’s recommendation.
The good thing is that if you go by PN Vijay’s price target of Rs. 450, a lot of gains are still left on the table for us to feast on.
At this stage, you must note that Vinay Khattar of Edelweiss has also given detailed reasons why KNR Constructions is a “structural buy” on the basis of its clean balance sheet, huge growth prospects and reasonable valuations. He promised that if investors hold the stock for a couple of years, they will get a “significant uptick”.
Incidentally, Vinay Khattar has also recommended two other stocks, Repco Home Finance and Ratnamani Metals & Tubes, that you have to keep in your radar.