These Little-known Stocks Have Potential to Become Multibaggers

Lumax Auto Technologies is a part of the D.K. Jain Group of companies. It is a 100 percent subsidiary of Lumax Auto Technologies Ltd. Lumax DK specializes in design, manufacturing, and supply of Gear Shifters, Parking Brakes, Precision Components, and Plastic injection trim parts for two wheeler and three wheeler industry. Its key customers include Bajaj AutoBSE, Piaggio, Honda Motorcycles and Scooters, Maruti SuzukiBSE, Toyota, and Tata MotorsBSE. The brokerage firm IndiaNivesh Securities believes that the company Century Plyboards likely to expand greatly in the coming years.

#4.Visaka Industries Ltd

The company was incorporated on 18th June, at Hyderabad. The main objective of the company is to manufacture asbestos cement sheets, pressure pipes, and accessories. It was promoted jointly by Andhra Pradesh Industrial Development Corporation, Dr. G. Vivekanad, G. Vinod and Mrs. G. Kalavathi. The brokerage firm Angel Broking expects the net profit to grow at a CAGR of 81 percent over FY2014-16E to Rs 39 crore.

#5.Ahluwalia Contracts India Ltd

Ahluwalia Contracts is one of the largest civil contractors in India. The Company is swiftly moving towards a significant turnaround in operations, with margins rising from 4.3 per cent in FY14 to 11 percent in FY17. Return ratios are expected to increase from lower single digit to higher twenties over the period. The brokerage firm AnandRathi expects that the company Ahluwalia Contracts likely to grow big in the coming years.

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