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  1. Diversify your gains; buy these 7 shares and earn up to 60% returns

Diversify your gains; buy these 7 shares and earn up to 60% returns

Indian stock markets have cheered Bharatiya Janata Party’s victory in the assembly elections of Gujarat and Himachal Pradesh. As investors continue to look for more opportunities to invest in, we bring you seven stocks which you can buy and might gain up to 60%.

By: | Updated: December 19, 2017 3:01 PM
The S&P BSE Sensex was trading 218.79 points or 0.65% higher at 33,820.47 and NSE Nifty 66.9 or 0.64% at 10,455.65. (Image: Wikimedia Commons)

Indian stock markets have cheered Bharatiya Janata Party’s victory in the assembly elections of Gujarat and Himachal Pradesh. Going through a volatile trade on Monday, the key equity indices extended the gains on Tuesday with Sensex and Nifty nearing their respective record highs. The S&P BSE Sensex was trading 218.79 points or 0.65% higher at 33,820.47 and NSE Nifty 66.9 or 0.64% at 10,455.65. All the sectoral indices of National Stock Exchange were trading higher except Nifty IT with Nifty Auto, Nifty Realty, Nifty Metal and Nifty Media leading the charge. As investors continue to look for more opportunities to invest in, we bring you seven stocks which you can buy and might gain up to 60%.

GIC Housing Finance

Shares of GIC Housing Finance have risen more than 50% in last one year period. “We expect loan book to grow at 24.3% over next two year; change in borrowing mix will help in NIM improvement,” Angel Broking said. The research and brokerage firm Angel Broking has given an upside of 59.3% to a target price of Rs 655 from a current market price of Rs 411.

Karur Vysya Bank

Shares of Karur Vysya Bank have grown nearly 50 in the last one year. Angel Broking has given an upside of 54.3% to a target price of Rs 180 from its current market price of Rs 117. The lower credit cost of the bank will lead to strong bottom-line growth, according to Angel Broking.

Navkar Corporation

Shares of Navkar Corporation have returned nearly 10% in last one year, Angel Broking has given an upside of 40.7% to a target price of Rs 265 from its current market price of Rs 188. “Massive capacity expansion along with rail advantage at ICD as well CFS augur well for the company,” according to Angel Broking.

Ruchira Papers

The stock of Ruchira Papers had jumped nearly 75% in last one year. Angel Broking has further given an upside of 29.1% to a target price of Rs 244 from its current market price of Rs 189. “We expect sales/PAT to grow at 13%/16% over next two years on the back of strong healthy demand in writing & printing paper and Kraft paper,” Angel Broking said.

EID Parry

Shares of EID Parry have risen nearly 40% in the last one year period. The research and brokerage firm Axis Securities has given an upside of 48% to a target price of Rs 520 from its current market price of Rs 350.

Capital First

The stock of Capital First had advanced more than 25% in the last 12 month period. Axis Securities has given an upside of 35% to a target price of Rs 920 from its current market price of Rs 681.

Dilip Buildcon

Shares of Dilip Buildcon have grown over 4 times in the last one year only. Axis Securities has given a further upside of 36% to a target price of Rs 1,227 from its current market price of Rs 905.

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