Multi-bagger Shares:-
In
current scenario of Stock when market is
peaking then it will become harder to find future multi-bagger shares as most
of the shares are hitting 52 week high on either day. But there are still some
stocks which hasn’t performed very well with rising market and have good
fundamentals and will become multibagger in coming years. Here we find shares
which will outperform the market in coming years:-
1.
Axis Bank:-
Axis
bank is trading at 501 Rs and has underperformed even when market is peaking.
On 6th Sept. 2016 share peaked at 636.80/- but till then market had
made highs but stock underperformed. Overhang on this stock is due to following
reasons:-
(i)
Government is planning to
sell holding of 11.5% in Axis bank
(ii)
Fading News some other
private bank will buy this bank.
(iii)
Inconsistent results
But now
overhang has lifted and will surely outperform the share market in coming
years. Now all other private banks are outperforming but at current valuations
Axis bank will be multibagger.
So buy Axis Bank with 1 year
target of 650/-
2.
Sunpharma
Sunpharma
once was most preferred stock among investors and was outperforming the market
but trend has been changed ever since it had bought Ranbaxy in year 2014. After
that merger profit margin has been falling and Revenues are keep on falling.
Secondly there is overhang on Share with USA FDA 9 observations under form-483
on Halol plant in Gujarat in November 2016. Now in February company is planning
to shift key products production from
Halol plant to other plants. Halol Plant is major facility which
contributes to revenues of company.
On 5th
April 2016 Share was trading at 800.20/- and now it is trading at 691.35/- even
when market has made new all times high.
But now
all bad news are already adjusted in share price , So go and buy this share
with Target price of 800/- in one year and will advise to hold this share for
future years and this still will return to its golden era.