If you have the patience, there are two stocks, which could offer you good returns, if you hold for 5-10 years. Consider them as a child plan or investment like NSC, where the holding period is really large.

We are recommending these two stocks, because they are in sectors, which take time to yield returns, but, once they do, could result in good tax free returns for investors:

Healthcare Global Enterprises

Healthcare Global Enterprises runs a speciality chain of cancer and fertility clinics in the country. It recently started a world-class facility in Baroda. It runs cancer centres under the popular brand name of HCG.

The Initial Public Offer was at a price of Rs 220, but, you are getting the stock at just Rs 178.

This is already at a steep discount to the IPO price. There are a number of reasons to buy the HCG shares.

The first is that we do not have too many speciality cancer centres in the country. The incidence of this dreaded disease is on the rise and this leaves huge potential to tap.

Secondly, the company has retired some debt from the IPO proceeds, which should help it boost profits in the future.

The rapid expansion in the cancer business and the fertility clinics, should augur well for the company. These types of businesses take a very long time to scale up so if you have a very long term holding time frame, it could easily give whopping returns.

Coffee Day Enterprises

Coffee Day Enterprises runs the popular Cafe Coffee Day chain. Again like Healthcare Global Enterprises, the stock is trading much lower than its IPO price of Rs 328. In fact, it is trading at just Rs 260.

Coffee Day Enterprises would take time to make money. However, it is an excellent play on India's urban consumption story. The burgeoning middle class, patronizing chains like Cafe Coffee Day is on the rise.

The company has not made any great profits and the IPO may have been expensive.

However, we believe that the company will reap the rewards of its expansion programme in the years to come. This could be a great pick, if you have the patience to hold for at least 5 years.

Remember, a stock like Jubilant Foodworks, which runs the popular Dominos Pizza outlets took time to give returns and was a multibagger stock idea. Coffee Day Enterprises could be almost similar.

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