3 Stocks From The Nifty That Are Finally Rising; Should You Grab Them?

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The nightmare of any investor is to see the benchmark indices rising along with several other stocks, but his own shares either falling or stagnant.

 3 Stocks From The Nifty That Are Finally Rising; Should You Grab Them?
Even patient investors tend to become anxious if their stocks under perform the benchmark indices or have not shown any movement in the last several years.

Sometimes when stocks like Bharti, Idea and Reliance fail to deliver returns like a Sun Pharma or a Dr Reddy's you may tend to lose patience.

But, these Nifty stocks are now finally showing signs of life, having underperformed in comparison to other peers in the Nifty.

Idea Cellular

Ideal Celluar has hit a 52-week high last week as there are many buy recommendations on the stock. In fact, there is now renewed optimism in telecom stocks. Buying interest in Idea has now lifted the stock to a 52-week high of Rs 199 and analysts bet that there is more to come. Concerns over large debt may continue to play in investors mind.

However, looking at the huge scope for growth in the telecom sector, particularly data, analysts remain optimistic.

Reliance Industries

In the last couple of months the shares of Reliance Industries have suddenly rallied. Some foreign brokerages have placed a buy call on the counter.

Many analysts are optimistic that with the expansion at the company there is a possibility of turnover doubling in the next 5 years.

There is also renewed belief in retail businesses of the company and its entry into being a serious player in 4G. There is a possibility of the share price doubling in the next few years.

The company is also sitting on a mountain pile of cash, which can be used for rapid expansion and diversification.

Bharti Airtel

Like Idea, Bharti Airtel has also rallied in the last few weeks. In fact, the stock hit a 52-week high of Rs 422 last week.

Though worries remain over the company's African operations, analysts believe that the company would benefit from data growth which would be a key driver for the company in the domestic market.

Recently, brokerage firms like Sharekhan and ICICI Direct have recommended investors to buy the stock.

Conclusion

The above stocks have rallied significantly in the last few weeks. There maybe more to come depending on market conditions. Wait for some drop in prices and then you could buy keeping a long term picture in mind.

GoodReturns.in

Read more about: bharti airtel, icici direct, sharekhan
Story first published: Monday, April 13, 2015, 8:38 [IST]
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