5 stocks that will Double in 2016
1. Network 18 India: The full-play media company with interests in television, internet, print and film content could give a potential return of 195% over the next two years. This is because it is expected to jump from its current price of Rs 59 (Rs 51 when the report was published in March 2015) to its target price of Rs 150 by December 2017. The stock already jumped 65% in the last one year.
2. IRB Infra: Sharekhan expects the stock to deliver a return of 173.4% over two years with a target price of Rs 680. The stock currently trades at Rs 240 levels. This rise in share price could be because the company stands to gain from the current attention being laid on the infrastructure development in India. IRB Infra has already seen an increase in the toll revenue in its Build, Operate and Transfer (BOT) projects, for the quarter ended December 2014. This accounts for one third of IRB Infra’s total profits. This is a big boost to the company’s profits. The National Highway Authority has also awarded more profits in fiscal to March 2015 that the year earlier. This pickup in activity is good for IRB Infra.
3. PTC India Financial: Stock of the financial services company, working in the solar and wind energy segments, could give investors a potential return of 151.7% over two-year period. Currently trading at Rs 56 levels, the stock could rise to the December 2017 target price of Rs 144. This is because the company stands to benefit from the government’s thrust on the solar and wind energy sectors. Favourable interest rates may also help reduce funding cost for the company, helping improve profitability.
4. Tata Motors DVR: The auto manufacturer is expected to deliver returns of 151.5% over the two years ending December 2017, with the stock touching a target price of Rs 850. It currently trades at Rs 340 levels. The stock moved in the range of Rs 221 to Rs 391 in the last year. The company could benefit from the expected launch of 100 new commercial vehicles over the next three years.
5. Finolex Cables: The cable manufacturer is expected to see a 25% growth in sales in the quarter to March 2015. It is also likely to post double digit growth rates in FY2016. This is likely to fuel the stock to give a potential return of 126% over the next two years. It currently trades at Rs 260 levels, and is expected to touch a target price of Rs 650 by December 2017. The introduction of the Goods and Services Tax (GST) in India could also help the company as well as the new manufacturing plant in Roorkee.
2. IRB Infra: Sharekhan expects the stock to deliver a return of 173.4% over two years with a target price of Rs 680. The stock currently trades at Rs 240 levels. This rise in share price could be because the company stands to gain from the current attention being laid on the infrastructure development in India. IRB Infra has already seen an increase in the toll revenue in its Build, Operate and Transfer (BOT) projects, for the quarter ended December 2014. This accounts for one third of IRB Infra’s total profits. This is a big boost to the company’s profits. The National Highway Authority has also awarded more profits in fiscal to March 2015 that the year earlier. This pickup in activity is good for IRB Infra.
3. PTC India Financial: Stock of the financial services company, working in the solar and wind energy segments, could give investors a potential return of 151.7% over two-year period. Currently trading at Rs 56 levels, the stock could rise to the December 2017 target price of Rs 144. This is because the company stands to benefit from the government’s thrust on the solar and wind energy sectors. Favourable interest rates may also help reduce funding cost for the company, helping improve profitability.
4. Tata Motors DVR: The auto manufacturer is expected to deliver returns of 151.5% over the two years ending December 2017, with the stock touching a target price of Rs 850. It currently trades at Rs 340 levels. The stock moved in the range of Rs 221 to Rs 391 in the last year. The company could benefit from the expected launch of 100 new commercial vehicles over the next three years.
5. Finolex Cables: The cable manufacturer is expected to see a 25% growth in sales in the quarter to March 2015. It is also likely to post double digit growth rates in FY2016. This is likely to fuel the stock to give a potential return of 126% over the next two years. It currently trades at Rs 260 levels, and is expected to touch a target price of Rs 650 by December 2017. The introduction of the Goods and Services Tax (GST) in India could also help the company as well as the new manufacturing plant in Roorkee.
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