The stock market has given returns of more than 20 percent so far this year. At the same time, the BSE small-cap index, which has shares of small-caps, has registered an increase of more than 40 percent. Experts say that small companies' shares have been performing strongly for the second year in comparison to the legend. Expect good returns from the coming year. In such a situation, the investors can earn big money by investing in these 5 stocks, cheap from Rs 50, - WSP, Hygraund, MIRC, Suzlon Energy, 3i Infotech.
Vivek Mittal of VM Portfolio says that at present, many small-caps are offering good opportunities for investment. In the coming days, there is complete hope of returning home economic growth. In such a way, domestic companies will get the most benefit from this recovery. So, if any of these are looking for wealth creation, then smallcap stocks will be good.
50% chance of earning in cheap shares
Vivek Mittal explains that in the coming days, the company's stock can reach the current level (close to Rs 9.80 on Thursday) to the level of 20 rupees. He believes the results of the company's July-September quarter are excellent. Income is estimated at 70 percent and profits increase by 40 percent. The total debt of the company is Rs 49 crores. At the same time, the company has a cash reserve of Rs 92 crores.
Market Expert Ambarish Baliga says that at current levels, shopping in Suzlon can be done. Continuous efforts are being made by the company to improve its balance sheet. After these efforts, Suzlon is expected to go up to 25 rupees after the consolidation is over. Not only this, Suzlon can cross 30 rupees in 12-15 months.
Vivek Mittal says that in this quarter the company can return to profits from the deficit. In the same quarter last year, the company had lost a loss of 40 crores. The company is in the business of Garugam. During last 5 months, prices of Garugam have increased from Rs 6000 per quintal to Rs 8000 per quintal. Recently, the company received a major order of Guaragam from Oman and Jordan. Because of these very signs, the stock can reach at 20-22 rupees level.