Till Tuesday, the market is making a record on record for 4 consecutive days. Sensex 56000 points while Nifty is trying to cross the target of 17000 points. If you also want to be rich in this rally of the market, then these stocks worth Rs 100 to 150 can fulfil your wish. In the opinion of market experts, long-term investments in these priced stocks can give good returns.
According to brokerage house SMC Global, Triveni Turbine Limited, Welspun India Limited are such companies in which Long Term Investment can give good returns from the market.
Triveni Turbine Limited:
According to Saurabh Jain of SMC Global, Triveni Turbine designs and manufactures steam turbines. The company’s plant is in Bangalore. The company is a leader in industrial steam turbine manufacturing. Its market share is 60 percent. The company’s supplied 5000 steam turbines are operating in 18 industries in 70 countries. These include the countries of European, African, Central and Latin America.
Why Invest in Triveni Turbine:
The company is debt free. It has sufficient capital. The return ratio is also strong. The company is going to get good business from the oil and gas sector. The company’s revenue in Q4 of FY21 grew by 16 per cent to Rs 702.58 crore. EBITDA stood at Rs 147.61 crore. Its business has a growth of 68 percent. Its business has gone well even during the Covid period.
Welspun India Ltd:
The CMP of Welspun India share is around Rs 125. It can be availed for 10 months at a target of Rs 152. The company’s revenue in the quarter ended March 21 was Rs 7340.18 crore. While EBitda stood at Rs 1352 crore. Edelweiss brokerage house has also given its buy recommendation for a target of Rs 150.
What does the company do:
This company is a global leader in Home Textiles. It has a distribution network in 50 countries. The company is expanding in Vapi and Anjar. In addition, capacity expansion of Greenfield Spunlace in Telangana is also on track. It will start work by the second quarter of 2022.