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4 super stock ideas for next week

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Indian markets have gone nowhere in the last few weeks, though, one must admit volatility does exist. The US markets rallied on Friday, which raises hopes for better opening of Indian equities on Monday. Here are 4 highly undervalued stocks, which could give decent appreciation in the medium to long term.

4 super stock ideas for next week
 

4 super stock ideas for next week

Although a PSU bank, it's a better managed bank. One must admit there are still worries over its non performing assets, but, that's one reason your getting the stock at a near 52-week low of Rs 78.

Interestingly, if you buy the stock now, you are also likely yo get a dividend of Rs 3.5 per share, which should take your dividend yield to a near 5 per cent.

 4 super stock ideas for next week

4 super stock ideas for next week

NMDC is one stock that has also been badly brusied and beaten down. On Friday its touched a 52-week low of Rs 113. The company is a debt free copamny with a cash pile of Rs 19,000 crore plus. Ambitious growth plans including purchases of assets abroad, should see the stock rallying in the next few months. Iron ore mining with own captive mines is a virtually risk free business with high margins.

 4 super stock ideas for next week

4 super stock ideas for next week

An undervalued stock that has been trading in a range for the last few months, Reliance offers tremendous value. The retail business has begun making operational profits, a staggering investment plan of Rs 1.5 lakh crore in the next 3 years and a 4G launch in the next few months should see reasonable returns in the stock over the next few months.

4 super stock ideas for next week
 

4 super stock ideas for next week

Finance Minister P Chidambaram has vowed to push key projects in infra, including those in the power sector. This should propel companies like Bhel, which like NMDC is virtually debt free and cash rich. The stock is virtually trading at its yearly lows and should offers good values at current levels.

Read more about: reliance nmdc idbi bank
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