Four infra stocks to buy for multibagger gains in 2018

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Pee Vee
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Four infra stocks to buy for multibagger gains in 2018

Post by Pee Vee » Thu Dec 21, 2017 10:14 pm

Edelweiss has recommended four mid-cap infra stocks to buy for multibagger gains in 2018. These stocks are the following:

Asian Granito India

Shares of Asian Granito India have more than doubled in the last 12-month period. The stock of Asian Granito India rose as much as 136% to Rs 530 from a level of Rs 224 a year ago. The research and brokerage firm Edelweiss has given a ‘buy’ rating with a target price of Rs 640 from a current market price of Rs 516 which implies an upside of 24%.

Century Plyboards

Shares of Century Plyboards have also more than doubled investors wealth in the last one year. The stock of Century Plyboards jumped 110% to a level of Rs 336 from Rs 160. Edelweiss has initiated coverage on the stock and has given a ‘buy’ rating with a target price of Rs 390 from its current market price of Rs 335 which implies an upside of 16%.

Everest Industries

Shares of Everest Industries have nearly tripled in the last one year. The stock of Everest Industries has jumped 200% to Rs 578 from a level of Rs 193 a year earlier. Edelweiss has given a ‘buy’ rating to the stock with a target price of Rs 624 from its current market price of Rs 531, implying an upside of 18%.

Birla Corporation

Shares of Birla Corporation have nearly doubled in last 12 months, returning about 85% to Rs 1,163 from a level of Rs 624 a year ago. Edelweiss has given a ‘buy’ rating with a target price of Rs 1,300 from a current market price of Rs 1,124, implying an upside of 16%.

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