Stocks to buy right now:Fund managers and Mutual Funds(MF) continuously increase holding
7. Mahindra & Mahindra Financial
18 June 2020, Thursday
These stocks are fundamentally good and available at discounted price. We can blindly invest in these stocks because fund managers and mutual funds are continuously increase their holding. These stocks are affected by CORONA virus pandemic. When situation will back to normal these stocks will give huge return. Companies are very good but due to corona virus these stocks are crashed. So fundamentally these are good stocks to buy right now.
These stocks are for long term. As fund managers do not buy for short term and this shows their confidence in the long term story of the country. Investors should consider it and can shortlist stocks or sectors which they are comfortable with.
In table first column is indicating 2019-12 holdings, second column indicating 2020-03 holding, third column is indicating returns.
1. Tejas Networks Ltd. - Tejas Networks is in the Telecommunications - Equipment sector.
| 2019-12 | 2020-03 | 1 Year return |
| 16.73 | 18.30 | -76.25% |
2. Arvind Fashions Ltd.- AFL is in the Miscellaneous sector.
| 2019-12 | 2020-03 | 1 Year return |
| 17.22 | 17,66 | -73.81% |
3. GE T&D India Ltd.
Alstom T& D India Ltd is among the top three global players in the transmission and distribution segment. The company is present at all stages of the supply power chain, from the generator to the large end-user, backed by a comprehensive services portfolio. They provide comprehensive electrical solutions for utilities and electro-intensive industries.They also build high- and medium-voltage substations and develops technologies to manage power grids worldwide
| 2019-12 | 2020-03 | 1 Year return |
| 12.38 | 12.49 | -72.03% |
4. Chennai Petroleum Corporation Ltd.
Chennai Petroleum Corporation Ltd was formed as a joint venture between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC).The main products of the company are LPG, motor spirit, superior kerosene, aviation turbine fuel, high speed diesel, naphtha, bitumen, lube base stocks, paraffin wax, fuel oil, hexane and petrochemical feed stocks
| 2019-12 | 2020-03 | 1 Year return |
| 11.37 | 12.10 | -71.23% |
5. DCB Bank Ltd.
Development Credit Bank Ltd (DCB) is one of the emerging private sector banks in India.The Bank is amongst the first private sector banks to waive advisory fee and service charge for Mutual Fund investments. The services offered by the bank include Personal Banking- Under this segment, they offer saving accounts, deposit scheme, current accounts, personal loans, housing loans, phone banking facility, mutual funds, Demat account, life and general insurance etc.Corporates banking- In this, they offer products and services from large corporates to small and medium enterprises.NRI Banking-they offer products and services to NRI client such as remittances services, western union money ttransfer, loans against term deposit, currency exchange etc
| 2019-12 | 2020-03 | 1 Year return |
| 24.19 | 26.85 | -50.59% |
6. NBCC(India) Ltd.
National Buildings Construction Corporation Limited is engaged in project management consultancy services for civil construction projects, civil infrastructure for power sector and real estate development. Its segments include project management consultancy for civil construction projects, which includes providing management and consultancy services for range of civil construction projects, including residential and commercial complexes, redevelopment of buildings, hospitals; infrastructure works for security personnel, border fencing, as well as infrastructure projects; civil infrastructure for power sector, which includes providing engineering and construction services for power projects, including design and execution of civil and structural works for power projects, cooling towers and chimneys, and real estate development, which focuses on residential projects, such as apartments, townships and commercial projects, such as corporate office buildings and shopping malls..The company also in the business activities of PMC, EPC, Real Estate
| 2019-12 | 2020-03 | 1 Year return |
| 4.53 | 5.23 | -64.66% |
Mahindra & Mahindra Financial Services Limited (MMFSL) is an India-based, non-banking finance company. MMFSLs product portfolio, providing the services include vehicle loans (utility vehicles, commercial vehicles, tractors, cars, two-wheelers and used vehicles); refinancing; housing finance; SME financing; personal loans; fixed deposits; mutual fund distribution; insurance broking; loan against gold, and construction equipment loan. It is a subsidiary of Mahindra & Mahindra Limited (M&M). The Company has operations at 600 branches across India. Its vehicle financing include auto and utility vehicles, tractors, cars, commercial vehicles, two wheelers, three wheelers and construction equipment. Its pre-owned vehicle financing include pre-owned cars, commercial vehicles and tractors. Its insurance broking include insurance solutions to retail customers, as well as corporations through its subsidiary Mahindra Insurance Brokers Ltd. (MIBL)
| 2019-12 | 2020-03 | 1 Year return |
| 11.79 | 12.14 | -64.30% |
8. Cyient Ltd.
Infotech Enterprises Limited provides engineering solutions, including product development and life-cycle support, process, network and content engineering. It operates in two segments. Its Network & Content Engineering (N&CE) segment (known as Utilities, Telecom and Content) vertically services customers in industries, such as power, gas, telecom, transportation and local government. The Infotech Group service offerings to the N&CE vertical include data conversion, data maintenance, photogrammetry and information technology (IT) services. Engineering, Manufacturing, Industrial Products (EMI) vertically services customers in industries, such as aerospace, automotive, offf-highway transportation and industrial and commercial products, engineering design, embedded software, information technology (IT) solutions, manufacturing support, technical publications and other strategic customers
| 2019-12 | 2020-03 | 1 Year return |
| 18.63 | 19.81 | -60.64% |
9. Prism Johnson Ltd.
Prism Cement Ltd manufactures and markets Portland Pozzollana Cement (PPC) with the brand name Champion and the full range of Ordinary Portland Cement (OPC) of 33, 43 and 53 Grades.Champion Prisms largest selling product is a general-purpose cement popular for all applications during house construction by individuals. Prism Cements OPC is in demand for specialised cement concrete applications like high-rise buildings, bridges, manufacturing AC sheets, pipes, poles etc.
| 2019-12 | 2020-03 | 1 Year return |
| 7.39 | 7.56 | -56.85% |
10. Tata Steel Long Product Ltd.
Tata Sponge Iron (TSIL)is engaged in business of manufacturing high-grade sponge iron that is consistent in quality..The company also in the business segment of Power, Sponge Iron
| 2019-12 | 2020-03 | 1 Year return |
| 4.82 | 5.13 | -55.54% |
These are 10 stocks to buy right now. Choice is yours. Take these 10 stocks to buy as reference and do further research.
What should investors do?
Investors should use the list as a reference point for making investments, and not blindly follow what fund managers are doing.
Most of the stocks lapped up by fund managers are because of attractive valuations and most are of good pedigree. Sorting stocks where mutual funds have increased stake could be a good starting point, suggest experts.
Disclaimer: This my own view. Make your investment by doing your own research.
Extra knowledge: Best stock for investment: Some gave three digit return in last year
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