Dussehra stock picks: Mazagon Dock among top 3 ideas

Dussehra, the festival that signifies the victory of good over evil, is being celebrated today. On this auspicious day, Ashish Maheshwari of Blue Ocean Advisors shares three Dussehra picks for the next six months.

Mazagon Dock Shipbuilders
This stock should not be missed at any cost. The reason is the kind of profitability this company is reporting. I am seeing multiple increases in their valuation and expecting Rs 470 crore kind of profit from what the company did last year. This year, the company may report four-digit profit because of the sizable order book. This is a multibagger stock and my pick number one for Dussehra, Maheshwari said.

Solar Industries
This is a stock we do not discuss too often, but in my view, the time has come to look at the defence play because this company has a monopoly in explosives they supply to the Indian Army with various other industries. This year is going to be a bumper year for this company, expecting a profit of almost Rs 1,000 crore, Maheshwari said.

Tilaknagar Industries
The stock has a major presence in the brandy market. The company has seen a turnaround from a Rs 38 crore loss last year to a Rs 45 crore profit this year and I expect it to report Rs 75 crore profit now, Maheshwari said.

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