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THESE LARGECAPS STOCKS SURGED UP TO 265 percent IN 2 YEARS; STILL GOOD BUYS
Select largecaps also threw up decent opportunities for investors by multiplying their wealth over the past two years.
Bajaj Finance has turned a big boy. The company’s market capitalisation crossed Rs 1,00,000 crore mark for the first time ever. In terms of wealth creation, it has been the best performer in the BSE100 pack. The stock traded at Rs 1,826.10 on August 28, 262 per cent higher from Rs 504 that it had quoted on the same day two years back.
Bajaj Finance is one of the leading asset finance NBFCs. It has a stronghold in the consumer durables (CD) and lifestyle product financing business (around 15 per cent of AUM), wherein it does not have any major competition.
These segments are under-penetrated and are growing in size, thus providing a lucrative opportunity for growth, says ICICI Securities.
The company’s net profit has grown 40 per cent CAGR between FY11 and FY17 to Rs 1,837 crore. “In FY17-19E, we expect the traction in PAT to remain strong at 34 per cent CAGR to hit Rs 3,287 crore,” ICICI Securities said. The brokerage has a ‘buy’ rating on Bajaj Finance with a target price of Rs 2,025. NSE last week announced addition of the stock in ..
Rising metal prices in global markets have supported stocks of metal producers. Vedanta has soared 212 per cent to Rs 300 from Rs 96.35 in last two years. Hindalco, Tata Steel, JSW Steel have risen 185 per cent, 179 per cent and 164 per cent, respectively.
Shares of Bajaj Finserv and Piramal Enterprises have soared 190 per cent and 185 per cent, respectively, since August 28, 2015. The Bajaj Finserv stock has been on a continuous uptrend on the bourses, nearly doubling in last 12 months and rising 39 per cent in last three months.
Two-wheeler major TVS Motor has jumped 175 per cent to Rs 603.95 as of August 28 from Rs 220.40 on August 28, 2015. YES Bank and Reliance Capital has risen 159 per cent and 156 per cent, respectively, in the same period.
HPCL, IOC and Petronet LNG have delivered 152 per cent, 117 per cent and 156 per cent returns to investors in last two years.
Besides the above 13 stocks, 22 others from the BSE100 pack have risen between 50 per cent and 100 per cent since August 2015. They include IndusInd Bank, Havells India, Reliance Industries, Titan Company, BPCL, GAIL, HDFC Bank and Eicher Motors.
Please note - The returns are calculated till 30 Aug,2017. These stocks can be good pick now as Sensex have corrected around 1200 points during 19 Sept 2017 to 26 Sept 2017.