Mumbai : Each investor goals of shopping for multi-bagger shares, however figuring out such alternatives is difficult. Out of about 400 shares tracked by a minimum of 5 analysts, about 54 are anticipated to ship returns between 20% and 50% over the following 12 months, consensus estimates confirmed.Many of those shares have change into extra enticing following current market corrections, whereas just a few are projected to supply over 20% returns regardless of already posting constructive beneficial properties this 12 months.
ET Bureau
For instance, 18 analysts have given DCB Financial institution a median goal value of ₹159 per share, whereas it’s at present buying and selling at ₹116. The inventory has declined 12% since January 1 and is buying and selling at a P/E ratio of 6 occasions its one-year ahead earnings.
Equally, 16 analysts forecast a 33% upside for Lemon Tree Accommodations, which has delivered a damaging 3% return to date this 12 months. Analysts have revised the corporate’s estimated earnings per share upward by 52% previously three months.
ET has compiled an inventory of 15 shares, every tracked by a minimum of 10 analysts, that would doubtlessly ship over 20% returns inside the subsequent 12 months.
ET Bureau
