Markets have fallen a bit since hitting almost 29,000 on the Sensex. It is time to look at some multibagger stock ideas, which can generate decent returns over the medium term. Here below are 20 such ideas from broking firm Dynamic Levels:
Stocks from the chemical sector
Most of the recommendations are from the Chemical sector as it has been performing well of late. Bhageria share price needs an approximate boost of 20% to reach its ultimate target of Rs. 252. The stock is trading below its current resistance and has surged almost 35% from its recent low. Chemfab Alkalies have posted a wonderful rise in its net profit for the September quarter this financial year. Chemfab Alkalies share price is trading 2% above its current resistance with its next resistance being Rs. 298. This stock also needs a boost of approximately 20% to reach its 52 weeks high and has surged the highest 44% from its recent low.
Thirumalai Chemical share price was last traded at Rs. 757 which is 10% above its last resistance. The stock's new resistance is set at Rs. 760 and needs 23% rise to reach at its 52 week high. The stock has recovered 30% from its recent low of Rs. 580 so far.
From this sector, you can count on Ramco Industries and Nilkamal to yield a better return on your investment. Ramco Industries share price was last traded at Rs.196, almost 2% above its current resistance level. The stock's next resistance is set at Rs. 226. Ramco Industries' 52 week high is Rs. 288, up by almost 32% from its last traded price. The stock has recovered 20% from its recent low of Rs. 163.
RPG Life from the Pharma sector had the fancy of the market. RPG Life share price is 3% away from its current resistance level of Rs. 519 and 6% away from its 52 week high of Rs. 534. The stock gained 24% from its recent lows. A good chance to buy.
From the FMCG Food sector, one can keep an eye on ADF Food. ADF Food share price was last traded at Rs. 155, almost 3% away from its current resistance level. The stock has surged 21% from its recent low and is yet to surge 19% to trade at its 52 week high of Rs. 190.
Last, but not the least, we have JK Paper from the Paper Sector. JK Paper share price was last traded at Rs. 85, almost 2% above its current resistance level. The stock's new resistance is now at Rs. 89. JK Paper has surged 16% from its recent low and is yet to surge another 16% to trade at its 52 week high of Rs. 102.
These nineteen Multibagger stocks from the PMS portfolio have been doing excellent ever since Nifty began to pull itself up. So it is safe to invest in these stocks as they are capable of yielding good returns.
The contents of the article is sourced from the research report of Dynamic Levels with due permission. Dynamic Levels is a website owned by Dynamic Equities Pvt Limited, a member of BSE and NSE. The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author do not accept culpability for losses and/or damages arising based on information in this article.