Latest Recommendation Of Porinju Veliyath | Best Stocks To Buy | 60% Gain Potential

Stocks with long-term growth visibility are at attractive valuations

Porinju Veliyath has issued a statement through his twitter account that the correction of 20-25% in the stock market has made stocks quite attractive for long-term investors.

He advised investors to avoid stocks quoting at high P/E but to instead buy stocks with low or medium P/E.

Stocks recommended by Porinju Veliyath

Porinju Veliyath has recommended two stocks to buy.

These stocks have the potential to give gain of 60% and 45% respectively.

60% gain from Godrej Properties | Download Research report

We believe GPL is well placed to reap benefits of a strong brand name, as evident with the successful launches in the weak Mumbai market.

We value GPL’s existing portfolio at INR 549/share. The Vikhroli DM is valued at INR 213/share (based on a 60-year DCF). GPL’s NAV is valued at INR 684/share. BD value (on the basis of 5% market share across key geographies) is factored in at INR 196/share.

We maintain BUY with a TP of INR 880.

45% gain from Oberoi Realty | Download Research report

ORL is best placed amongst its western peers on account of its superior land bank quality, access to finance, healthy balance sheet, and greater potential for a successful foray into newer markets.

Many more stocks are available at cheap valuations

Porinju has stated that the recommendations of Godrej Properties and Oberoi Realty are only examples of stocks which long-term investors can buy in the present market correction.

There are several other stocks which are available at reasonable valuations.

Don’t Miss: Ramesh Damani Latest Portfolio 2018

Click to download Research reports on Godrej Properties and Oberoi Realty

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