Porinju Veliyath portfolio has a number of multibagger stocks in it. These are good stocks to buy because they have fundamental strength and also technical analysis supports a buy.
Porinju Veliyath Stock Recommendation 2016
Porinju Veliyath offers stock recommendations from time to time. These are also good stocks. Porinju recommends stocks which have made a good base and are available at cheap valuations.
The stocks are of companies which have a good track record of growth. Also management quality is good. They have low debt. The companies also have ambitious growth plans. The valuations of the stocks are also cheap.
Porinju has recommended Indian Hotels, Biocon, Tata Global Beverages and Anant Raj for 2016 in an interview with Sonia Shenoy of CNBC-TV18.
Earlier, Porinju has recommended stocks like Transport Corporation of India (TCI), NMDC, HPCL, HSIL, Izmo, Force Motors etc. All are of companies with good fundamental strength. In most companies, there is a trigger which helps the stock to give good gains to investors
Kalyani Steels is multibagger
Kalyani Steels was recommended three months ago by Porinju. The shares of Kalyani Steels jumped 105 per cent in the past one month. It was at 189.10 on 22nd August 2015. It is at Rs 386.70 on 22nd August 2016.
Kalyani Steels reported good results for the quarter ended June 30, 2016. The net profit was reported of Rs 46.80 crore, up 61.98 per cent, against Rs 28.89 crore YoY. The net sales increased by 14.30 per cent YoY to Rs 344.43 crore against Rs 301.34 crore last year.
Kalyani Steels’ operating profit increased 52.57 per cent YoY to Rs 87.98 crore from Rs 57.67 crore last year.
Experts are bullish about prospects of Kalyani Steel. It is a leading manufacturer of forging and engineering quality carbon and alloy steels. It offers wide range of steel of different grades, carbon alloy, seamless tubes, etc.
Kalyani’s bottomline figures jumped 40 per cent annually in the past five years. In FY 2015-16, Kalyani Steel reported consolidated net profit of Rs 113.58 crore against Rs 83.31 crore last year. The net profit was Rs 22.04 crore in FY12.
Chandan Taparia of Anand Rathi Financial Services has recommended buy of Kalyani Steel shares.
Porinju Veliyath Portfolio
Porinju Veliyath has such stocks in his portfolio. The other stocks in the portfolio are Selan Exploration, HPCL, HSIL, Transport Corporation of India (TCI), Jubilant Industries, Jubilant Life Sciences, Archies, Tara Jewels, Aspinwall, Biocon, DLF, NIIT, Ajmera Realty, Alpa Labs, IZMO, etc.