3 Multibaggers for May 21

 3 Multibaggers for May 21

------------------------------------------

Minimum holding period 1 year

------------------------------------------

1.

Prince Pipes & Fittings Ltd

-------------------------

Current Price : 719

Target : 1420

Stop loss : 640

--------------------------

Why recommending :

Company is almost debt free.

Company has delivered good profit growth of 49.49% CAGR over last 5 years

FII/FPI have increased holdings from 0.83% to 2.43% in Mar 2021.

Quarterly results:

Sep 2020 Dec 2020 Mar 2021

459 549 761

=================================================================

2.NMDC Ltd.

Current Price : 176

Stop loss : 140

Target Price 3 months : 250

Target price 1 year : 360

----------------------------------------

About: NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power

------------------------------------------------

Quarterly Sales :

Jun 2020 Sep 2020 Dec 2020

Sales + 1,938 2,230 4,355

---------------------------------------------------

Cause of recommendation:

Company is almost debt free.

Metal prices are going up

===============================================

3. Jubilant Ingrevia Ltd.

--------------------------------------

BUY for 1 year

Jubilant Ingrevia Ltd.

CMP : 484

Target price : 1045

Stop Loss : 400

------------------------------------

Why recommending :

The company offers nutrition and personal care solutions along with other industrial use chemical solutions.

They will benefit from the consumer sentiment, more emphasis towards healthcare and rise in manufacturing activities.

Recently demerged from erstwhile Jubilant Lifesciences Ltd.

Available at a PE of 17 which is very lucrative for such a group.

-------------------------------------------

Note : Do your own analysis before investing