Top 5 midcap ‘Baahubalis’ which can still give good returns in coming years

Stocks which have already doubled your money in the last 2-3 years.Last week, market touched record highs but we saw some profit booking in small and midcap stocks. The S&P BSE Midcap index closed 124 points lower, while the S&P BSE Smallcap Index ended 140 points down for the week ended May 26.

We have collated a list of 10 stocks as suggested by various experts which have already risen more than 100 percent in the last 3 years but can still offer multibagger returns in next 2-3 years.

Bharat Forge
Bharat Forge (BFL) is planning to scale up the new business from current 5% to 15% in the next 2 to 3 years. The orders from Boeing and new defense JV with AM General will provide higher revenue visibility in the non-auto sector during FY18.

Ashok Leyland (AL)
Ashok Leyland (AL) is the second largest commercial vehicle (CV) manufacturer in India will be direct beneficiary led by improvement in the road infrastructure projects.The management is focused on gaining market share in LCV from 15 percent to 30 percent over next 2-3 years by launching new models in FY18.

Havells India
Higher than expected GST rate in consumer discretionary may have some impact on volume due to likely price hike post the GST rolled out.
We expect revenue & PAT to grow at healthy 14% & 17% CAGR over FY17-FY19E.

Bharat Electronics (BEL)
BEL is a debt free and a cash rich company with a strong order book with of Rs33,806 crore which is 4.7x FY16 sales, providing strong revenue visibility for next 4 years. GoI plans to bring down import dependence to 30% from current 60 percent.

Bajaj Finance
Bajaj Finance has surged by almost 400 percent in last three years. The net profit during the Q4 grew at 43 percent while containing the surge in NPA at 1.68 percent.

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