T Toopp ppeerrffoorrm miinngg M Muullttiibbaaggggeerrss ffrroom mT Toopp SSeeccttoorrss LLaasstt W Weeeekk Past week have seen the comeback of most Indices. Nifty 50 recovered from 7900 level to trade at 8100 level. With so many things going on around including election of Trump, Fed rate hike possibilities and demonetization, Nifty Indices had been losing their footing past month. However, last week has been good. Many Indices bounced back from the red zone, but there are a chosen few sectors that performed really well.
Sugar Sector: Past week have been sweet for Sugar Sector.With the starting of the sugarcane crushing season, three sugar mills of Bijnor paid the outstanding amount of Rs. 52 crores to farmers. The payment alone hints good upcoming sugar market this season. Of the three mills, Dhampur Sugar paid the highest of Rs. 26 crores. Others were Bundki and Afzalgarh mills. One of the main reasons for the timely payment is the sudden rise in the wholesale sugar prices. As compared to the last years’ sugar price of Rs. 27002800 a quintal, this year the prices have gone up to Rs. 3,800 a quintal. The payment also indicates towards the gains of the sugar industry which also reflects in the last week’s performance of their stocks. Dhampur Sugar: Dhampur Sugar is the Multibagger recommended by Dynamic Levels for the month. Past week, Dhampur sugar share price gained almost 2 per cent on the NSE. The company’s September quarter
EPS stands at 6.14. Dhampur Sugar has 6.33% promoter holding pledged and the market cap of 759.81 crores as on 26th November 2016. Oudh Sugar: Oudh Sugar is yet another Multibagger identified by Dynamic Levels. Oudh Sugar share price surged the highest past week, rising almost 11 per cent. Oudh Sugar posted the EPS of 6.69 in the September quarter and has 40.53% promoter holding pledged. The market cap of the company as on 26th November 2916 stands at 277.90 crores.
Chemical: Chemical Index has been among the top gainers past week. The sector has been benefitting from the advancing stages of GST. The chemical sector of the country is overstrained with the comprehensive indirect taxation system. The existing tax rate is between 24 per cent and 26 per cent. If the government consents to cap the GST tax slab by around 18 to 20 per cent, it will have enormous positive impact on the sector. Bhageria: Bhageria is the Multibagger from this sector recommended by Dynamic Levels. Bhageria share price increased over 4 per cent in last one week. The companyâ€™s September quarter EPS stands at 22.10 and the market cap as on 26th November 2016 stands at 529.05 crores. Chemfab Alkalies: Chemfab Alkalies share price soared over 16 per cent past week. This is yet another Multibagger pick by Dynamic Levels for the month. In the September quarter, the company had announced the EPS of 5.93 and has the market cap of 251.26 crores as on 26 th November 2016.
IT Sector: IT stocks had been all time preferred investment area for many investors for a long time as it had the potential to yield high returns. Yesterday, IT Index gave the breakout of three week high of 10110 with the next target of 10448. This made the space attractive for the investors. Trigyn: Last week Trigyn share price surged over 11 per cent on NSE. It is a Multibagger stock recommended by Dynamic Levels for the month.
Trigyn has 9.8% promoters holding pledged and the market cap of 296.21 crores as on 26th November 2016. Geometric: Geometric is the Multibagger recommendation as well from Dynamic Levels. Geometric share price had surged 4.31 per cent. In the September quarter, Geometric posted the EPS of 4.10. The company has the market cap of 1604.35 crores as on 26th November 2016. Since these stocks have done well in past week, it is advised to keep an eye on them as they have the potential of yielding good results.
Disclaimer The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision. Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
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Article Written by Tanaya Nath