These Little-known Stocks Have Potential to Become Multibaggers

BANGALORE: Companies like Aries Agro, Century Plyboards, Lumax Auto, and Ahluwalia Contracts have really performed well with either mid or small cap sector in the year 2014. Some brokerage firms believe that these companies are likely to become next multibaggers in the near future. Let us take a look at the five less known companies, as compiled by Economic Times.

#1.Aries Agro Limited

Aries Agro Limited was founded in 1969 by Dr. T. B. Mirchandani and Mrs. Bala Mirchandani.  They manufacture and sell micronutrients and other nutritional products for plants and animals in India. Its products include multi-micronutrient fertilizers, chelated micronutrient fertilizers, biodegradable complexes of plant nutrients, water soluble NPK fertilizers, value added secondary nutrients, natural and biological products, water treatment formulations, and other nutritional and agricultural products. The company also offers a range of farm sprayers and plant protection chemicals, including pesticides, insecticides, fungicides, and herbicides. The company also sells its products to Sri Lanka, Bangladesh, Pakistan, Ecuador, Brazil, the United States, Taiwan, Kenya, Vietnam, Australia, and New Zealand. The brokerage firm HDFC Securities believes that Aries Agro is likely to grow big in the coming years.

#2.Century Plyboards

Century Plyboards incorporated in 1982, is a well–known manufacturer of plywood and decorative veneers. The company was formed by Sajjan Bhajanka and Sanjay Agarwal. They are the largest seller of plywood and decorative veneers in the Indian organized plywood market. The company also manufactures Laminates, Decorative veneers, and Prelam Medium Density Fibre Board. It has a strong distribution network of over 20,000 dealers across the country. The company has adequate veneer capacity of 149,000 cubic board meters. It had captured 25percent share of the organised market. The brokerage firm Sharekhan believes that the company Century Plyboards likely to grow big in the coming years.

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