If you can take the risk, then invest money in these 3 stocks, to be profitable by the year 2024.
Sensex continues to
boom. On November 8, the Sensex had reached a record level of 40,749. However,
the midcap index is still down about 20% from its best level of 9 January 2018.
On 9 January 2018, the midcap reached a level of 18,321.
However, experts say
that there is still a lot of action left in the midcap.
The Nifty Midcap-100
gained nearly 4.9 per cent during October 2019. While it’s qualified Nifty grew
at 3.5%.
Midcap is trading 5%
below large cap. In such a situation, experts say that selected stocks can
benefit you in the next 5 years. If you can also take the risk, then you can
invest in these 3 stocks.
Ashok
Leyland
The domestic MHCV
industry is struggling with a cyclical downturn. Axis Capital believes that it
will bottom out in 2021 fiscal year, which means it will recover from the
recession. The MHCV industry is expected to accelerate between 21-2024 fiscal
year due to increasing economic growth recovery, increasing private capital
expenditure and increasing demand for freight. Ashok Leyland will also benefit
greatly from this.
Spandana
Its focus is
exclusively on rural market prospects. Spandan is the most profitable micro
finance company. The peculiarity of the pulsing can be gauged from the fact
that it is the only company whose ratings have also been upgraded to the
Liquidity Crisis. The company's growth is expected to be strong in the coming
years as well. So it can prove to be a better claim.
Varun
Beverages
Varun Beverages is
benefiting from the growth in soft drink category in India. The company will
benefit from its presence in the entire beverages value chain and the
capabilities of end-to-end execution. Varun Beverages is expected to grow 9.4%
between FY 2019-2024. So if you invest in it, you will also get the benefit of
your risk.
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