Mining multibaggers! 5 stock ideas for next 5 years from market gurus

NEW DELHI: With macro headwinds and central bankers making life tough for equity bulls, the domestic benchmark equity index is swinging between buy-on-dip and sell-on-rise mode. After nosediving nearly 3,000 points last week, Sensex sprung back to life once again this week with a gain of over 1,200 points in just a matter of two days.

As Nifty bulls are trying to get rid of the scars left by US Fed Chair Jerome Powell, market mavericks Porinju Veliyath, Basant Maheshwari and Saurabh Mukherjea are bullish on these 5 stocks for the next 5 years:

Tata Communications
Kerala-based ace investor and fund manager Porinju Veliyath says Tata Communications has many ingredients which long-term investors must seriously look at. Although he finds the stock underpriced, he says investors should not go and buy it in a hurry.

“I would strongly look at it when we play the digital transformation theme. There is a huge global opportunity in digital solutions. It has traditionally been a company providing data and voice infrastructure. It is getting transformed into a real global solutions company and the opportunity size is really big,” he said.

The company has guided for 15-20 per cent growth for the next few years. “When the GDP is growing at 8-10 per cent maximum, it is amazing if we get an idea which can grow at 15 per cent plus for the next five or 10 years,” Porinju told ET Now.

Titan
PMS fund manager Saurabh Mukherjea said the Tata-owned lifestyle products retailer will continue to compound for the next few years. “It is compounding at 30 per cent for the last 20 years, believe it or not, both in cash flows and in share prices,” he said.

Tata Motors DVR
For D-Street veteran Basant Maheshwari, Tata Motor DVR is like a poor man's Tesla.

"When marriages happen, they say 'ladke ka mama bahut amir hai isiliy yahan shaadi kara do iski'. Tesla is 'bahut amir' but you cannot buy a Tesla so you can look at Tata Motor DVR because 'ladke ka mama bahut amir hai'," he told ET Now. He said the stock is also the best hedge against Vladimir Putin and if crude stays at $120, EVs would be more in demand.

Vedant Fashions
Manish Sonthalia of Motilal Oswal AMC is bullish on Vedant Fashions, which owns ethnic wear brand Manyavar. The stock that got listed in February this year is trading 11 per cent higher than its IPO price of Rs 866. The average price target of 6 analysts shows an upside potential of 18 per cent, according to Trendlyne data.

Sundram Fasteners
One of the top picks of D-Street veteran Govind Parikh is auto component maker Sundram Fasteners. Down over 13 per cent in the last one year, the stock is now hovering near its 52-week low of Rs 674.80. The consensus recommendation from five analysts for Sundram Fasteners is BUY. The average target price suggests an upside potential of up to 41 per cent from the current market price in the next one year.


(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)