Domestic research and brokerage firm Samco Securities has recommended 5 stocks on the occasion of Dussehra, which can give strong returns in the medium to long term.
Samco’s first pick THEIRThe brokerage house believes that due to factors like focus on premium products, new steps taken on e-marketing, recovery in the market, synergy from GSK Consumer Healthcare, the business of HUL will continue to grow strongly. The brokerage house expects double digit growth in the EPS of this stock over the next decade.
Samco has another pick HDFC. Samco Securities says that even when the asset quality of other companies in the sector was under pressure, HDFC’s asset quality remained virtually unaffected. Samco believes that we will see further growth in HDFC’s market share. With the recovery of the economy, there is an increase in the demand for home loans. Interest rates are also at a low level. Which will benefit a strong housing company like HDFC.
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Samco’s third pick CAMS That is, Computer Age Management Services. It is the market leader of its sector with 70 percent market share. The financial performance of the Company continues to demonstrate strength. Its sales and profits have grown between 8 and 13 per cent year-on-year in the last 10 years. There is a huge scope of MF business in India right now. Which will benefit companies like Cams.
Samco’s fourth pick is Dr Lal Path Labs। Dr. Lal Path Lab is a key player in the diagnostic industry. There is huge potential for further growth in the industry. Given this, it is anticipated that premium and organized players like Dr. Lal Path Lab will get a good advantage of the industry growth going forward. In view of this, it is advisable to invest in this stock.
Samco’s fifth pick is Affle (India). Affl (India) is the country’s leading adtech company. The company’s management says that the company’s operating margin will remain strong in the coming quarters. And in the medium term, the company’s earnings will see an increase of at least 25-30 percent on a yearly basis. Samco says that the company’s valance seat is very strong. Its long term growth prospects are also very broad. Keeping this in mind, it is advisable to invest in this stock.
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