3/28/2018 Multibaggers on sale!

10 stocks that rose up to 2,100% in 3 years are now down 20-30%

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Multibaggers on sale! 10 stocks that rose up

to 2,100% in 3 years are now down 20-30%
By Amit Mudgill, ETMarkets.com | Updated: Mar 28, 2018, 11.13 AM IST

2
Comments

NEW DELHI: Multibagger stocks are not immune to short-

term swings in the market.

Many stocks that grew multi-fold over the past three years
have lost significant value in the market slide over the past
two months.
Top Trending Terms
There are at least 10 multibaggers, Domestic equity indices have slid more than 10 per cent
Sensex Stock Market Bandhan Bank Share Price
each with market-caps of over Rs over the past two months in response to multiple triggers
IPO Top Performing Mutual Funds Gold Rate
1,000 crore, which have seen their
such as a global liquidity squeeze by central banks, Top Gainers SBI Share Price Share Market
share prices plunge up to 33 per cent
concerns over a global trade war, slower pickup in Silver Price Nifty 50 Nifty Bank
since January 29.
earnings, political uncertainty and Budget-related worries.

There are at least 10 multibaggers, each with market-caps of over Rs 1,000 crore, which SPOTLIGHT
have seen their share prices plunge up to 33 per cent since January 29. Slideshows not to be Missed

They had logged gains ranging from 400 per cent to 2,100 per cent over the past three
years.

For instance, Thirumalai Chemicals gained 2,150 per cent in last three years on improved
prices of phthalic anhydride (PAN) and subdued cost of key raw material orthoxylene (OX).
The scrapping of 2.5 per cent import duty on OX is expected to further weaken raw
material prices in the domestic market. The company is expected to pass on this benefit to
end users, and that should help it gain market share, Bonanza Portfolio said in a note last
month. Apple introduces new, cheaper
9.7-inch iPad
Tap here for reasons to buy ICICI Americans less likely to trust Apple out a new iPad and classroom
Lombard’s Health Insurance Facebook software aimed at grabbing more of the US
ICICI Lombard Timesnow News.com education market, but did not cut the price
of its entry-level tablet.
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Despite the positive outlook, the stock has lost 20 per cent since January 29. Value happiness

investors Anil Kumar Goel and Dolly Khanna held 2.11 per cent and 1.63 per cent,
respectively, in the company as of December 31.

Multibaggers on sale! 10 stocks that rose

Persistent says FY19 revenue will beat Algo trading finds takers on Dalal Street: European shares hit by tech se
Himadri Specialty,
1 up to 2,100% theare
in 3 years largest vertically
now down 20- 2integrated speciality carbon company,3has
industry after stock drops nearly 12%
lost one-
Here's how it's unfolding 4 rallies
30%
fifth of its market value in last three months The company which has 70 per cent market
https://economictimes.indiatimes.com/markets/stocks/news/multibaggers-on-sale-10-stocks-that-rose-up-to-2100-in-3-years-are-now-down-20-30/articleshow/634996
3/28/2018 Multibaggers on sale! 10 stocks that rose up to 2,100% in 3 years are now down 20-30%
fifth of its market value in last three months. The company, which has 70 per cent market
share in coal tar pitch, 17 per cent in carbon market and 40 per cent in sodium
naphthalene formaldehyde (SFD), is expected to benefit from a rise in demand from
aluminium, tyre and paints industries.

The company is planning an expansion in the higher realisation products portfolio, which
should drive the next leg of growth. But the stock has slid 20 per cent since January 29,
compared with a 9 per cent fall in the BSE Sensex in the same period.

Industry veterans are watching the chemicals sector keenly. Ace investor Shankar
Sharma, Co-Founder and Chief Global Strategist, First Global, says the chemicals sector
is looking attractive, as a lot of capacity has shut down in China because of pollution
concerns.

Phillips Carbon Black, which has a 46 per cent market share in carbon black market, is
well positioned to capitalise on the positive structural changes in the industry. The scrip
has fallen 23 per cent since January 29. Most Read Most Shared Most Commented

Indian markets could decline by 20% taking us

“Strong demand from the auto sector, continued anti dumping duty on Chinese imports, below 30,000: Marc Faber
stable international crude prices and improvement in operational efficiencies will help it
Sensex zooms 470 pts, Nifty50 reclaims 10,100; top
further,” SKP Securities said in a note. The scrip has risen 785 per cent over the past three 5 factors that fuelled the rally
years.
Cold shoulder to FPIs costs India a $54 trillion
opportunity in bond market
Balaji Amines has seen its shares falling 21 per cent in the ongoing selloff. In an earnings
Trade war fears, macro data, F&O expiry to steer
update, Edelweiss Securities noted that the company's domestic growth has been fuelled
market in the week ahead
by supply disruptions in China and strong traction in exports revenue led by recent addition
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of Morpholine in its REACH portfolio.
three weeks

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“We expect consistent growth in revenues driven by higher utilisation levels and product
expansions, and strong cash flows in the medium term,” the brokerage said.

A total of 479 BSE-listed stocks have given returns in excess of 200 per cent, while 130
have grown in excess of 500 per cent and 34 over 1,000 per cent in last three years.

Among them, stocks like Tata Metaliks, Sanwaria Consumer, GNFC, Vardhman Holdings,
Meghmani Organics and APL Apollo Tubes have slid 20-33 per cent in last two months.

Dolly Khanna holds Tata Metaliks in her portfolio, Ashish Kacholia has a stake in APL
Apollo Tubes.
That said, many experts are still cautious on the market and believe only selective buying
based on a bottom-up approach may work in this market.

Mukul Kochhar of Investec Capital Services said one in every five stocks in India have Not to be Missed
been four-baggers in last three to four years, that was the extent of the rally. In that Hold your Horses: Steve Smith ain't no
context, a 10- 15 per cent correction from the top is not enough. criminal

“I would still be cautious going into the remainder of the year. There are stocks you can
pick on a bottom-up basis, but the overall market is still pricy,” he said. Need details on breach by Apr 7:
India's diktat to FB

Ace investor Warren Buffett once said the rearview mirror is always clearer than the
windshield in the business world.
PNB agrees to pay $1 billion for
fraudulent guarantees
What lies ahead for these multibaggers of the past will depend on how they perform
fundamentally, and not what kind of returns they delivered in the past. But there would
Multibaggers on sale! 10 stocks that rose
definitely be sure-shot multibaggers from this pack.
Persistent says FY19 revenue will beat Algo trading finds takers on Dalal
Full text of keyStreet: European
decisions taken at shares hit by tech se
1 up to 2,100% in 3 years are now down 20- 2 industry after stock drops nearly 12% 3 Here's how it's unfolding 4 rallies
30% Sebi’s board meet
2
https://economictimes.indiatimes.com/markets/stocks/news/multibaggers-on-sale-10-stocks-that-rose-up-to-2100-in-3-years-are-now-down-20-30/articleshow/634996
3/28/2018 Multibaggers on sale! 10 stocks that rose up to 2,100% in 3 years are now down 20-30%
2
Comments

Read more on Multibaggers Stocks Market Share Liquidity Sensex Delhi power tariffs slashed for all
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Persistent says FY19 revenue will beat

industry after stock drops nearly 12% Top Trending Terms
By Jochelle Mendonca, ET Bureau | Mar 28, 2018, 04.09 PM IST
Sensex Stock Market Bandhan Bank Share Price

0 IPO Top Performing Mutual Funds Gold Rate

Comments
Top Gainers SBI Share Price Share Market

Bengaluru: Persistent Systems said its full-year revenue Silver Price Nifty 50 Nifty Bank

growth would beat industry levels for FY19 and show

steady growth, as the mid-sized IT company attempted to SPOTLIGHT
stem a more than 10% decline in its shares following a
Market Musings
tepid business
Multibaggers on sale! 10 stocks that rose outlook for the fourth quarter.
Persistent says FY19 revenue will beat Algo trading finds takers on Dalal Street: European shares hit by tech se
1 up to 2,100% in 3 years are now down 20- 2 industry after stock drops nearly 12% 3 Here's how it's unfolding 4 rallies
30%

https://economictimes.indiatimes.com/markets/stocks/news/multibaggers-on-sale-10-stocks-that-rose-up-to-2100-in-3-years-are-now-down-20-30/articleshow/634996
3/28/2018 Multibaggers on sale! 10 stocks that rose up to 2,100% in 3 years are now down 20-30%
On Tuesday, the company had said its fourth-quarter
revenue would be hit and margins would fall
due to an $8 million sequential drop in
Company Summary NSE BSE
revenue from its intellectual property
Persisten… business.
-90.05 (-11.48%)

“The Company is expecting a decline in IP revenues during Q4 FY18 (current quarter).

This will impact revenue and EBIDTA margin for the quarter. IP revenues have seasonality
Disappointed stock bulls find
and tend to fluctuate on a sequential quarter-on-quarter basis. While we continue to see comfort in profit revival
good overall growth for our IP revenue portfolio, relative quarter-on-quarter decline follows Bulls hope the strengthening will cushion A
a strong Q3 FY18,” Persistent had told the BSE in a filing. India’s $2.2 trillion market from a trade war
that has rattled equities from US to Japan.
Persistent’s shares closed down nearly 12% in Wednesday trade on the BSE. The Think again! 'Buy on dips' could be the
biggest value trap
company attempted to calm investors with a clarification to its outlook.
10 stocks that rose up to 2,100% in 3
years are now down 20-30%
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“We wish to clarify that in terms of the outlook for FY 2018-19, we expect a steady growth
in both revenue streams - service revenues and IP revenues. As mentioned, we expect the
overall revenue growth to be better than NASSCOM guidance for the industry. IP revenues
by nature will have quarter-on-quarter volatility,” the company said on Wedesday.

0
Comments Most Read Most Shared Most Commented

Read more on Persistent Systems Shares Bengaluru Nasscom BSE Indian markets could decline by 20% taking us
below 30,000: Marc Faber
EBIDTA
Sensex zooms 470 pts, Nifty50 reclaims 10,100; top
5 factors that fuelled the rally
Comments Add Your Comments
Cold shoulder to FPIs costs India a $54 trillion
opportunity in bond market

Trade war fears, macro data, F&O expiry to steer

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Multibaggers on sale! 10 stocks that rose

Persistent says FY19 revenue will beat Algo trading finds takers on Dalal Street: European shares hit by tech se
1 up to 2,100% in 3 years are now down 20- 2 industry after stock drops nearly 12% 3 Here's how it's unfolding 4 rallies
30%

https://economictimes.indiatimes.com/markets/stocks/news/multibaggers-on-sale-10-stocks-that-rose-up-to-2100-in-3-years-are-now-down-20-30/articleshow/634996