The Sensex and the Nifty have corrected a little this week on the back of heavy selling from foreign funds. Here are a few stocks that can give super returns in the next few years.
Target of Rs 481 on the stock
ICICI Direct has suggested buying the stock of Tata Communications. The brokerage firm has set a target of Rs 481 on the stock. The firm sees improved improving business performance led by the data segment and reducing leverage as triggers for the stock.
Target of Rs 51
Religare has a buy call on Sanghi Industries with a price target of Rs 90. The stock is currently trading at Rs 51. The company sees current low valuations, richer product-cum-market mix and cheap capacity addition amid resurgent demand as reasons for recommending the stock.
Firstcall bullish on Astra Microwave
Firstcall Research has recommended buying the stock of Astra Microwave. "We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY' in this particular scrip with a target price of Rs.135 for medium to long term investment," says Firstcall Research report.
Sharekhan sets a target of Rs 250
Sharekhan has recommended buying the stock of Kolte Patil Developers.
"We initiate coverage on KPDL with a Buy rating and a two year target price of Rs 250 based on NAV estimation. What we really like about this company is its dominant position in one of the large housing markets in India with limited competition, having growth avenues with low capital investment and a strong balance sheet.
A lot of listed realty companies are generating cash which is going towards their sustainability rather than growth, which is not the case for KPDL," says Emkay Global Financial Services research report
Kotak recommends Engineers India
Kotak Securities is bullish on Engineers India. Overseas orders, growth in business outlook driven by the consultancy segment are likely to be key triggers for the stock, Kotak Securities feels.