5 shares to buy after a 500 point crash on the Sensex

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Markets have come crashing down as foreign funds have started pressing sales in frontline stocks. Here are 5 stocks that have become affordable and are fundamentally sound. Take a look at why these stocks could fetch decent returns in the next 1-2 years. 

    NMDC

    NMDC

    NMDC was recently included in the Nifty group of stocks at the expense of Wipro. The company is a debt free company with cash on books in excess of Rs 19,000 crore. The stock hit a 52-week low on Thursday and is an excellent pick as it looks to buy assets across the globe, due to huge cash in hand. Government owned company with virtual monopoly in iron ore mining.

    Punjab and Sind Bank

    Punjab and Sind Bank

    While there may be concerns with respect to asset quality of PSU banks, Punjab and Sind Bank is available at a price to book value of just 0.41. Very few stocks command so low price to earnings ratio. If you buy the stock at the current rate of Rs 59.55, you are likely to get a tax free dividend yield of almost 7 per cent, assuming the bank declares the same dividend as last year.

    Coal India

    Coal India

    Like NMDC, Coal India is a cash rich company with virtually monopoly in coal mining. A government owned mining company, it is unlikely to face regulatory hurdles with respect to mining. The stock is trading almost 11 per cent below its 200 day moving average, which makes it an attractive buy. There are reports that the government will sell stake in the company, which should propel the stock higher.

     Idea Cellular

    Idea Cellular

    Many analysts are now recommending Idea Cellular as they feel that a shakeout in the telecom sector is over and the few big players will survive. Also, players are likely to get better opportunities in pricing as competition starts reducing. Regulatory hurdles remain though

    Reliance Industries

    Reliance Industries


    Reliance Industries has underperformed the broad indices for many years now. But, analysts are hopeful that increases in gas prices, which is likely could be a big trigger for the stock. There are hopes that the recent tie-up with Reliance Communications and sizeable investments of Rs 1 lakh in the next few years would push the stock higher.

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more