The top 5 stocks that one must have in one’s portfolio:
1) Reliance Capital around 1500
Rel Cap has become one of the biggest MF in India and growing rapidly. Apart from that it’s broking business is growing at fast pace as well.
P/E: 51; EPS: 38.71
2) Power Grid below 100
Power holds the biggest ground in 11th 5-year plan and every power company needs a transmission, PGCIL plays this role perfectly here. Also, diversification into other business areas is on the anvil starting with foray into entertainment industry. It is in talks with ZEE for a possible JV to expand fiber optic network.
3) Nagarjuna Fertilizer around 40
Slowly and steadily Fertilizer industry is coming into its own and Nagarjuna being the top player in the segment. Agriculture industry might be the next growth area of Indian economy with focus on Fertilizers. A lot of govt. help is expected here as well.
P/E: 92; EPS: 0.54
4) Dena Bank around 62
With expected consolidations and adoption of Basel-II by end of next year, PSU banks are expected to do well and Dena Bank remains the top pick among them.
P/E: 6.9; EPS: 10.20
5) Punj Lloyd around 340
India’s second biggest construction company is slated to deliver the goods as construction remains one of the biggest themes for developing India.
PE:96.11; EPS: 3.81
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