Top 25 Multibagger Stocks to add in further corrections. These are the best stocks to accumulate in all corrections for long term. We can hold these 25 stocks for next 25 years.
1. Avenue Super marts Ltd
Dmart is a well known stock for every one in the stock market. Also it’s the popular brand that offers low prices in their stores. This stock is very strong both fundamentally and financially. this company is generating continuously positive cash flows from it’s operations and Dmart is debt free company. this company has a strong potential to grow further.
This stock is currently trading around Rs. 4780 and this stock recently taken the support from 4356 level in the recent correction. and the important levels further i am looking to accumulate this stock are 3250 and 2560.
2. Dixon Technologies Ltd
Dixon Technologies is a contract manfacturing company which manufactures mobiles and other electronics for the most popular electronics manufacturing brands such as Panasonic, Reliance retail, Gionee, Philips and many more. This stocks is taken support from 4740 level and the important levels that to accumulate in further corrections are 3750 and 2740.
3. Bajaj Finance Ltd
Bajaj Finance is a well known company for it’s diversified lending portfolio, that covers retail, SME and auto loans. Also this company has the strong presence across the India and mainly in rural India. Coming to the important levels that to accumulate this stock are 6300 and 4750. we can accumulate this stock at these levels for long term.
4. Titan company Ltd
Titan company is the very favourite stock for Rakesh Jhunjhunwala, which has generated more wealth, and the great stock from TATA group which has the great potential to grow further. this company sells the Jewelley under the Tanishq brand, Watches under the Titan, Fastrack, Sonata brands, eye wear under the Titan Eye+ brand. this stock is currently trading around Rs. 2430. the important support levels to observe and to accumulate this stock are 2050, 1780 and 1380.
5. IRCTC Ltd
IRCTC is the monopoly company from the Indian Railways and this company into the business of Railway catering and Railway Ticketing business. these are the major revenue sources for this company. key risks you need to observe as a long term investor are Entry of Private players and the Government regulations, as we are already seen the impact of Railways decision of sharing convenience fee. this stocks is currently trading at 822, and the important levels, that we need to observe to accumulate this stocks in further corrections are 640, 500 and 365.
6. Jubilant Food works Ltd
Jubilant Foodworks is India’s leading master franchise of world’s biggest Domino’s Pizza’s network. this company also operates in other countries such as Nepal and others. The major revenues comes from India only. This company has very strong fundamentals and financials and generating positive cash flows from it’s operations continuously. Jubilant Foodworks is the debt free company moreover. If you look at the important support levels of this stock to add in further corrections are 3000, 2390 and 1650. This stock is currently trading at 3770.
7. Sona BLW Precision Forgings Ltd
Sona comstar is India’s one of the leading automobile technology company. This company designs, manufactures and supplies automobile sytems and components. This company is driving the futuristic technology also manfacturing and supplying the advanced technology based systems to the EV segment. as this company is going to play key role in EV theme we can hold this stock for long term. moreover this company is a debt free company. The important support levels to add this stock in further corrections are 596 and 458. this stocks is currently traing around 660.
8. Clean Science & Technology Ltd
Clean Science & Technology Ltd is one of the India’s leading chemical manufacturer, that has strong growth potential as this company manufactures functionally critical speciality chemicals. this company offers the three types of chemicals such as Performance chemicals, Pharmaceutical Chemicals and FMCG Chemicals. This company is a debt free company and the important support levels to add this stock in further corrections, are 2000 and 1680. This company is currently trading at 2110.
9. Affle India Ltd
Affle India Ltd is one of the finest digital advertising company, this company offers it’s digital solutions to the various companies in acquiring new customers and reaching the suitable audience, to it’s clients. they mainly focus on mobile advertising. Through it’s intelligent and powerful digital marketing solutions this company is acquiring big companies in india as their cleints and the important levels to add this stock in further corrections are 1011, 773 and 530. Affle India is a debt free company and it’s curreclty trading at 1082.
10. Tatva Chintan Pharma Chem Ltd
Tatva Chintan Pharma Chem Ltd is a globally recognised player in manufacturing variety of speciality chemicals. This company has more than 150 products in it’s vast diversified portfolio. This company manufactures four types of speciality chemicals they are Structured directing agents, Phase transfer catalysts, Electrolyte salts for supercapacitor Batteries and Pharma & Agro speciality chemicals. This company is the debt free company and the important levels to add this stocks in further corrections are 2465 and 2020. This stock is currently trading at 2755.
11. Balaji Amines Ltd
Balaji Amines is one of the india’s leading manufacturer of Amines, Amine derivatives and other speciality chemicals. This company generates more than 70% of their revenues by manufacturing Amines and it’s derivatives. and it’s major revenue generating products inclues Methyl Amines, Ethyl Amines, Amino Ethanol, Acetamide, Methyl Urea and others. Balaji Amines is almost a debt free company and the important levels to add this stock in further corrections are 3045, 1907 and 784. This stock is currently trading at 3294.
12. Amber Enterprises India Ltd
Amber Enterprises Ltd is India’s leading contract manufacturing company of AC’s, that manufactures Air conditioners for almost india’s leading 9 AC companies such as LG, Samsung, Voltas, Bluestar and many more. hope now everyone understand the company’s potential and the business model. this company manufactures Air conditioners and other products and supplies them to the leading distributors. This company is also a debt free company and the important levels to add this stock in further corrections are 3077, 2460 and 1890. this stock is currently traing at 3527.
Conclusion :
The above mentioned Multibagger stocks are already become Multibagger stocks and trading at their All time highs and now started correcting due to profit booking and exiting some of institutional investors. apart from these there is nothing happening bad in the companies. so now we can see this correction as an opportunity to invest for who not invested yet and it’s the opportunity to average the stocks for who entered in the high prices. all the companies are very strong and has strong potential to grow further as indian economy to grow lot. we strongly recommend to not invest total money at a time, devide that money into 3-4 parts and add these stocks in evey important levels that we have mentioned above. we also recommends, better try to understand the business and the company before investing, so that it builds the confidence to add the stock in every important level.
Disclaimer : The above all recommendations are from the individuals, working for ICICI Securities. please do your own research before investing else take an advice from your financial advisor.