Titan Co, M&M, Lupin, NCC: 269 stocks from existing NSE500 universe have given multibagger returns; check the full list
Historical multi-baggers: As regards IndusInd Bank, ICICI Securities, in their Q4 review note, mentioned that higher than industry credit growth, selective lending with emphasis on high yield segments, and moderation in credit cost will aid improvement in return on assets (ROA) to nearly 1.9 per cent overFY24–25E. The brokerage has a "buy" call on the stock with a 12-month target of Rs 1,450.
Historical multi-baggers: Lupin, Eicher Motors, Westlife Foodworld, MMTC, Divi's Labs, Bharat Forge, Welspun India, Bosch, and ICICI Bank are among the 269 stocks from the existing NSE500 universe that have given over 10 times total returns within 5-year rolling periods over the past 20 years, a recent report by Goldman Sachs shows.
Rolling returns, also known as "rolling period returns" or "rolling time periods," are annualised average returns for a period, ending with the listed year. Rolling returns are useful for examining the behaviour of returns for holding periods, similar to those actually experienced by investors, Investopedia explains.
Some of the other names include Cyient, AstraZeneca Pharma India, Tata Elxsi, KEC International, and IndusInd Bank. ITI, Shree Renuka Sugars, Tata Chemicals, and Engineers India are also on the list.
As regards IndusInd Bank, ICICI Securities, in their Q4 review note, mentioned that higher than industry credit growth, selective lending with emphasis on high yield segments, and moderation in credit cost will aid improvement in return on assets (ROA) to nearly 1.9 per cent overFY24–25E. The brokerage has a "buy" call on the stock with a 12-month target of Rs 1,450.
ALSO READ | Manufacturing, PLI, consumption, Internet: Sectors that are likely to produce multi-baggers in coming years
On Eicher Motors, JM Financial has a "buy" call with a target price of Rs 4,050. They wrote, "With the recent softening in RM inflation, margin pressure is expected to be largely behind. With the improvement in underlying demand sentiment (especially in the premium segment) and product interventions, we believe the company is back on its growth trajectory. Cost control initiatives and positive operating leverage are expected to support margin performance."
Here's the full list:
Source: Goldman Sachs report
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
06:13 PM IST