So, we are at 20K again.
A lot of stocks are making lifetime highs and are selling at high multiples.
Gone are the days when you could find Mayur, Amara Raja, Cera, RS Software, Ajanta Pharma at prices at which you get the growth for free.
Life is tough these days if you are a Value Investor!!!
However, there are some stocks which haven't moved in past 1 year due to some temporary issues but are good business to own in the long run. I believe its worth looking at them when the issue is there rather than after the issue is solved & the stock price has moved up.
So, here are two of them-
1) GRP Ltd- GRP is the largest reclaim rubber manufacturer in Asia & third largest in the world. It has done exceedingly well with
5 Years Sales CAGR : 22.67% & 5 Years Profit CAGR: 21.55% with 30+ ROE.
http://www.screener.in/company/?q=509152
A lot of stocks are making lifetime highs and are selling at high multiples.
Gone are the days when you could find Mayur, Amara Raja, Cera, RS Software, Ajanta Pharma at prices at which you get the growth for free.
Life is tough these days if you are a Value Investor!!!
However, there are some stocks which haven't moved in past 1 year due to some temporary issues but are good business to own in the long run. I believe its worth looking at them when the issue is there rather than after the issue is solved & the stock price has moved up.
So, here are two of them-
1) GRP Ltd- GRP is the largest reclaim rubber manufacturer in Asia & third largest in the world. It has done exceedingly well with
Last 3-4 quarters haven't been good due to increase in raw material costs & capex plans. However, this is giving a good opportunity to enter.
2) DFM Foods- DFM is an FMCG company into snack food manufacturing. Crax & Natkhat brands belong to DFM.
5 Years Sales CAGR : 33.67% & 5 Years Profit CAGR: 84.41% with 30+ ROE.
Last 3-4 quarters haven't been good due to expansion outside Northern India & capex and debt associated with it. However, this is giving a good opportunity to enter.
P.S- Please do your own due diligence. Also I am expecting recent quarterly results to be bad & stocks may correct a bit from current prices.
