Buy these 7 stocks below Rs 200 and earn up to 70% in 12-18 months – The Financial Express

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Photo for representational purposes only. Indian equities have been on a raging run in the year 2017 with the benchmark indices Sensex and Nifty gaining nearly 30% led by a number of factors, namely, country-wide roll out of GST, Moody’s upgrading sovereign credit rating of India, government announcing massive plan of Rs 2.11 lakh crore to recapitalise NPA-laden PSU banks and the Ease of Doing Business rating upgrade by the World Bank. There were many large-cap stocks such as Tata Steel, HDFC Bank, Reliance Industries, Bharti Airtel, Indiabulls Housing Finance, DLF, Maruti Suzuki , and HDFC vastly outperforming the key indices. The bull run in domestic markets continued in January this year while a sharp plunge was observed in the month of February on the back of global sell-off further exacerbated by the implementation of a 10% tax on LTCG on equity and equity-linked mutual funds.
As investors continue to remain in a look-out for investment avenues, we bring to you 7 stocks under Rs 200 to buy and earn up to 70% in 12-18 months.
Jain Irrigation — HDFC Securities
Shares of Jain Irrigation have returned over 20% in the last one year. The research and brokerage firm has given a buy rating with a target price of Rs 187 which implies an upside of 66% from the current market price of Rs 112.75.
Tourism Finance Corporation of India — HDFC Securities
Shares of Tourism Finance Corporation of India have outperformed many indices in the last year returning over 170%. HDFC Securities has given a buy rating with a target price of Rs 227 which implies an upside of 45% from the current market price of Rs 156.2.
NMDC — HDFC Securities
Shares of NMDC have depreciated about 10% in the last 12-month horizon. HDFC Securities has given a buy rating with a target price of Rs 163 which implies an upside of 29% from the current market price of Rs 126.65.
NBCC — Sharekhan
Shares of NBCC have grown around 10% in the last 1-year term. The research and brokerage firm Sharekhan has given a buy rating with a target price of Rs 260 which implies a potential upside of 35% from the current market price of Rs 192.75.
Bank of Baroda — Sharekhan
Shares of one of the prominent state-run bank Bank of Baroda have been on a cyclical trend if the last one-year performance is taken into consideration. The stock of Bank of Baroda had shed around 14% in the period of last 12 months. Sharekhan has given a buy rating with a target price of Rs 210 which implies an upside of 46% from the current market price of Rs 143.4.
Gabriel India — Axis Securities
Shares of Gabriel India have risen over 30% in the last one year. The research and brokerage firm Axis Securities has given an upside of 34% to a target price of Rs 207 from the current market price of Rs 154.15.
L&T Finance Holdings — Axis Securities
Shares of L&T Finance Holdings have returned nearly 40% in the last one-year term. Axis Securities has given an upside of 32% to a target price of Rs 210 from the current market price of Rs 158.7
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