Tuesday, 12 June 2018

Looking for long-term bets? 4 stocks which could give multibagger returns in 3-4 years

Midcap valuations are still high at 20 times while for smallcaps they are at 14 times on a one-year forward P/E, but this is the time to start accumulating good quality mid- and small-cap stocks, Vinod Nair, Head of Research at Geojit Financial Services, said in an interview with Moneycontrol’s Kshitij Anand.

Last 10 years’ data suggests that bulls dominated D-Street in the last 5 out of 10 years. So how is June likely to pan out for investors?
We have a conservative view on the market for 2018, which was initiated since January and is still continuing. This was largely due to premium valuations, increase in interest rate, global and domestic political risks and lack of earnings growth.
On a year-to-date (YTD) basis, the market has been underperforming led by hike in bond yield and downgrade in earnings, within which mid and smallcaps had vast correction in price and valuation.

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