In an effort to guide retail investors looking for value picks in the Indian stock market, renowned market expert Sumeet Bagadia has recommended three stocks priced below ₹100 that could offer substantial upside potential. The recommended stocks include HFCL, IFCI, and SJVN.
HFCL (Himachal Futuristic Communications Limited) is a telecommunications and technology company involved in manufacturing OFC (Optical Fiber Cable) and ancillaries. It also provides turnkey solutions on a telecom infrastructure basis. The stock is known for its consistent performance in the mid-cap space and plays a critical role in expanding India’s digital infrastructure. As digital connectivity projects ramp up across the country, HFCL stands poised to benefit from increased demand.
IFCI Ltd, a public sector non-banking financial company (NBFC), provides financial support for various infrastructure and industrial projects. Though its performance has been impacted by market cycles, IFCI remains a crucial player in development financing. Investors may find value as the company restructures and possibly gains from future policy-driven infrastructure spending.
SJVN Ltd is another government-owned enterprise recommended by Bagadia. It operates in the power sector and is primarily involved in hydroelectric, thermal, and renewable energy generation. With India placing increased emphasis on green and sustainable energy, SJVN’s role becomes more prominent. The company’s clean energy projects and stable dividend payouts offer potential for long-term investors.
According to Bagadia, these three stocks offer a compelling combination of affordability, government backing (in the cases of IFCI and SJVN), and potential for appreciation. However, investors are advised to conduct their own research or consult a financial advisor as these stocks may carry specific risks related to their respective sectors.
Overall, HFCL, IFCI, and SJVN represent intriguing investment opportunities under ₹100 for value-conscious investors aiming to diversify their portfolios while tapping into high-growth sectors.
Source: https:// – Courtesy of the original publisher.
