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  1. Buy these 7 stocks below Rs 200 and earn up to 70% in 12-18 months

Buy these 7 stocks below Rs 200 and earn up to 70% in 12-18 months

Indian equities have been on a raging run in 2017 with the benchmark indices Sensex and Nifty gaining nearly 30%. As investors continue to remain in a look-out for investment avenues, we bring to you 7 stocks under Rs 200 to buy and earn up to 70% in 12-18 months.

By: | Published: February 23, 2018 12:47 PM
Photo for representational purposes only.

Indian equities have been on a raging run in the year 2017 with the benchmark indices Sensex and Nifty gaining nearly 30% led by a number of factors, namely, country-wide roll out of GST, Moody’s upgrading sovereign credit rating of India, government announcing massive plan of Rs 2.11 lakh crore to recapitalise NPA-laden PSU banks and the Ease of Doing Business rating upgrade by the World Bank. There were many large-cap stocks such as Tata Steel, HDFC Bank, Reliance Industries, Bharti Airtel, Indiabulls Housing Finance, DLF, Maruti Suzuki, and HDFC vastly outperforming the key indices. The bull run in domestic markets continued in January this year while a sharp plunge was observed in the month of February on the back of global sell-off further exacerbated by the implementation of a 10% tax on LTCG on equity and equity-linked mutual funds.

As investors continue to remain in a look-out for investment avenues, we bring to you 7 stocks under Rs 200 to buy and earn up to 70% in 12-18 months.

Jain Irrigation — HDFC Securities

Shares of Jain Irrigation have returned over 20% in the last one year. The research and brokerage firm has given a buy rating with a target price of Rs 187 which implies an upside of 66% from the current market price of Rs 112.75.

Tourism Finance Corporation of India — HDFC Securities

Shares of Tourism Finance Corporation of India have outperformed many indices in the last year returning over 170%. HDFC Securities has given a buy rating with a target price of Rs 227 which implies an upside of 45% from the current market price of Rs 156.2.

NMDC — HDFC Securities

Shares of NMDC have depreciated about 10% in the last 12-month horizon. HDFC Securities has given a buy rating with a target price of Rs 163 which implies an upside of 29% from the current market price of Rs 126.65.

NBCC — Sharekhan

Shares of NBCC have grown around 10% in the last 1-year term. The research and brokerage firm Sharekhan has given a buy rating with a target price of Rs 260 which implies a potential upside of 35% from the current market price of Rs 192.75.

Bank of Baroda — Sharekhan

Shares of one of the prominent state-run bank Bank of Baroda have been on a cyclical trend if the last one-year performance is taken into consideration. The stock of Bank of Baroda had shed around 14% in the period of last 12 months. Sharekhan has given a buy rating with a target price of Rs 210 which implies an upside of 46% from the current market price of Rs 143.4.

Gabriel India — Axis Securities

Shares of Gabriel India have risen over 30% in the last one year. The research and brokerage firm Axis Securities has given an upside of 34% to a target price of Rs 207 from the current market price of Rs 154.15.

L&T Finance Holdings — Axis Securities

Shares of L&T Finance Holdings have returned nearly 40% in the last one-year term. Axis Securities has given an upside of 32% to a target price of Rs 210 from the current market price of Rs 158.7

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