If you are into Indian stock markets, here are some stock recommendations for you. I personally hold most of these stocks and hence your risk is mine as well. I am not providing detailed analysis of these companies but that’s out there for you to explore on websites such as Moneycontrol.com
Indian Stock Recommendations
Please note that, I am not talking about ‘trading’ here but long term investment here. Long term for me is at least a 1 year term.
Here is my list with their recommended entry prices in the bracket (In some cases it is my own entry price for these scrips).
1. Shriram City Union Finance (765)
2. Kitex Garments (58)
3. SpiceJet (38)
4. DQ Entertainment (18.50)
5. Escorts (64)
6. Acrysil India (80) – After Bonus adjustment
7. Kwality Dairy (31)
8. Manappuram General Finance (35)
9. NIIT (33)
10. APM Industries (13)
I shall keep updating on what am I doing with these ‘multi-baggers’ in the next months. Currently the target for each of these stocks would vary from 75% to 300% within a 12 to 24 months investment window.
Disclosure: I hold some of these stocks and I may have vested interest in these companies. Please do your own research before investing.
(I was staying away from the stock markets for a couple of years now but made a re-entry seeing some good opportunity in the recent bull run)
Update on January 02, 2014
It has been about 15 months since I recommended the above stocks. I still hold some of them while I have recently sold most of these stocks in the current fluctuating markets. I wouldn’t be tracking most of the stocks again but would like to provide the following update on how they fared.
Stock name (Recommended price, High since)
Shriram City Union Finance (765, 1230) – Still going strong
Kitex Garments (58, 83.85) – Still going strong
SpiceJet (38, 48.30) – Bound to various government regulations and recommend to enter only at very cheap levels
DQ Entertainment (18.50, 47.95) – Still going strong
Escorts (64, 145.15) – Still going strong
Acrysil India (80, 240) – Still going strong
Kwality Dairy (31, 38.70) – Hold
Manappuram General Finance (35, 46) – No more attractive due to gold woes
NIIT (33, 33) – So so
APM Industries (13, 28.85) – Still going strong
Those stocks that are marked as ‘Still going strong’ are good for holding for long term, in my opinion