Dussehra Stock Picks: Build your portfolio with these 10 stocks; maximum profits with minimum risk - check full list of shares recommended by Sandeep Jain
If you are planning to buy new shares or add more stocks in your portfolio, probably this is the right time.
If you are planning to buy new shares or add more stocks in your portfolio, probably this is the right time. In this special episode dedicated to Dussehra, Zee Business brings you 10 stocks that will have less risk, but good returns. Here are top 10 stock picks shortlisted by Sandeep Jain, Director, Tradeswift, for investors. These stocks have been selected based on high-risk high return, moderate and conservative themes.
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High Risk, High Return portfolio:
1 Sandeep Jain's first pick in this category came from metal space. Picking Sunflag Iron & Steel Company Ltd shares, the market expert said this is an old company, and the stocks of this company is trading at good valuation. The stock is trading in the range of Rs 80 to Rs 85 and one should have this stock in their portfolio, said Jain, adding that company has a solid profit CAGR of around 30% for the last three years. He put target of this share at Rs 97 for the duration of 9 to 12 months.
2 TD Power System: Picking a power company as his second pick, Jain said this company has thrown a very good growth numbers recently and is consolidating. "This company has profit CAGR of 68% in the last three years and the stock is only trading at PE multiple of Rs 17-18. There will be a risk in this share, but will perform in near future. This stock should be bought for a target of Rs 390 in the same time horizon," said Jain.
दशहरे पर 10 'दमदार' शेयर
शेयर दमदार, मुनाफा शानदार
कम रिस्क, बेहतरीन रिटर्न वाले स्टॉक्स
'जलेबी' जोड़ेगी पोर्टफोलियो में मिठास
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3 Third company in this category was from a PSU segment. "Given Bank Nifty performance recently, Bank of Baroda (BoB) looks very attractive for good returns here. Since ace Investor Rakesh Jhunjhunwala has invested in a PSU stock, this segment is doing really well. The best part about this share is that it is trading much below its high. It is a consolidate stock with very limited downside risk. One should buy this share for target of Rs 105 in 9 to 12 months," said Jain.
Moderate Return Portfolio with Limited Risk
4 First share in this category picked by the market expert was from FMCG segment. Picking Nestle as first stock in this category, Jain said this stock is outperforming the sector with a CAGR of 19 to 20 per cent growth. It is almost a debt-free company, which also gives dividend, he said. "Buy Nestle India for a target of Rs 21,750 in 9 to 12 months.
5 Picking HIL Limited as his second pick in this category, Jain said it is a building material company, which caters to real estate and affordable housing sector. "It will be one of the biggest beneficiaries of the government's announcement related to this sector. I have been recommending this stock for a long time and believe that it is still available at very cheap valuations. This company has also seen investment coming from some renowned investors recently, " said Sandeep Jain. He recommended o buy this stock for a target of Rs 5930.
6 Third stock from this theme was Hawkins Cooker. Jain said this is one of his favourite stocks. It is a household name. "The most important things is that it has seen consolidation and has corrected 10 to 15 per cent from upper levels. This is a kind of stock one should buy and forget. Target for this share is Rs 6950," said the market expert.
7. Jain first recommendation came as VST Industries in this theme. He said he has recommended this share time and again. "It is one of my favourite shares. It has a dividend yield of 3.5% and ace investor RK Damani himself is invested in this company. It is sitting at a very good price range. It's a buy for a target of Rs 4130. ," he said.
8 Next stock in this line was Akzo Nobel shares. "It is a paint company. It is available at very cheap valuations. Good thing about this stock is that it does not even crack when market corrects. Since all important paint related shares have performed lately and it is yet to pick up, this gives more conviction that a very good upside is due. Target for this share is Rs 2490 in one year time frame," said Sandeep Jain.
9 Last stock in this theme is a Pharma company, said Jain. He said he has picked FDC limited from this category. We all have consumed its products. It is one of the biggest manufacturers of ORS and is available on PE multiple of 19 with very less downside risk. It has very strong fundamentals overall. One should buy this share for a target of Rs 410," added Jain.
10 Beside these 9 stock picks, Jain recommended one bonus stock in HDFC Limited. This is a very good company with strong pedigree, which has a huge potential in its segment. " I am very happy that a company of this stature is in India. It is a kind of stock that one should buy and forget. Target for this share is Rs 3150," concluded Jain
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