Among such blue chip stocks in “A” group the stock namely Tata Steel is currently at 52 weeks low and looks good candidate to spurt significantly higher. Investors in view of this may keep in mind that Tata Steel is the top most company under Steel sector and the leader of Steel in the country and abroad with combined highest capacity of nearly 20 million tons in coming years and have all chances to give 40% to 50% gains to those investors who will hold this stock in their portfolio on YOY basis.
Another stock which is very under price in capital goods sector is Elecon Engineering which had hit 225 as all time high for rupees to paid up 5 years before and is currently available at Rs 45 which has capacity to double in a year no longer the government takes initiative to spur investment in trade and industry with higher allocation of funds. This price of Rs 45 is despite of the company delivered year after year good results and paying higher dividend as pay out.
From:- G.S.Roongta
(Senior analyst)
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