The following is the list of 20 stocks that were recommended by Forbes India in their recent release
Page Industries: A small company that makes a small product with big margins
Pidilite Industries: Pidilite has brands like Fevicol, M-Seal, car polish Motomax and other assorted consumer art materials and specialised home paints
Dabur: This company has focus. Five years ago, Dabur got out of the pharmaceutical business and put all its effort, like the best brand companies, behind five of its brands
Procter and Gamble Hygiene: Over the last three years, the money that P&G invested did not translate into market cap gains
Marico: Till 2008-09 came by, the company’s sales and profits had grown for 30 consecutive quarters, indicating a stable track record
Blue Star: Two decades to reach Rs. 1,000 crore in sales; two years to reach Rs. 2,000 crore in 2008
BHEL: For 2009-10, the company is increasing its capacity from 10 GW to 15 GW
Power Finance Corporation: At about 25 per cent, the company’s net profit margin is close to what the best software companies earn at half their price-to-earnings ratio
Mahindra & Mahindra: Rural India is earning well because of infrastructure boom. M&M’s SUVs are selling briskly and its market share in the SUV space has gone from 51 per cent to 57 per cent in the last two years
Allcargo Global Logistics: This stock was one of the earliest to recover after it fell dramatically in October
Crisil: The 800-pound gorilla of rating agencies, it rates 1,000 firms today
ICRA: There is room for both Crisil and ICRA in the space
HDFC Bank: A cautious and solid bank, it is safe because its government bond holdings are 3 per cent over the statutory liquidity ratio (SLR) requirement
Kingfisher Airlines: The company has a debt-equity ratio of 3:1
Oracle Financial: It suffered when foreign banks went broke
Suzlon: Debt is high and so are the receivables.
Ranbaxy: The last 12 months have been bad. Sales are down, research hasn’t paid off and US FDA is after it for manufacturing lapses
NIIT: As IT crashed so did the IT trainer. Its stock fell 85 per cent to Rs. 14
Wockhardt: Its core business is in fine fettle. Its problems are foreign loan repayments and derivative losses
Hindalco: The acquisition of Novelis tripled Hindalco’s sales but caused an 11 per cent decline in net profits
RK
Monday, July 13, 2009
Stock Picks: Top 20 Indian Stocks to own by Forbes India
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For more detailed Indian investments that can be purchased on the US stock exchanges, visit EAFE PRO at http://eafepro.com/content/indian-investments
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