This year, we have seen many stocks and sector got much better valuations in market than previous years. Many new stocks get multibagger tag this year which proves that 2017 is among the top earning years. Investment institutions and investors are now actively exploring indian markets to find great opportunities. However at the same time, i have found three stocks from smallcap index where i think one can expect multibagger returns in long-term.
Lakshmi Vilas Bank
Lakshmi Vilas is a commercial bank which was founded on 1926 by a group of seven businessmen. It was incorporated with a objective of catering the financial needs of karur area in Tamil nadu. After receiving license from RBI in 1958, bank saw a great expansion all over the india.
From many years, bank is consistently growing with a great pace which looks very attractive. Future of banking sector india is very positive and i think some small banks have potential to emerge as one of top banks in india. Lakshmi vilas bank is one of the small cap banks where i think opportunity level for long-term is very high. The quality of growth that bank has delivered in past many years, i think one should definitely go with this stock for long-term.
PTC India Financial services
PTC india financial or PFS is a Infrastructure finance company promoted by PTC india ltd. PFS is engage in business of providing financing solutions to power related projects in india. In past quarters, company had delivered a healthy growth in its loan book. However, some issues over NPA accounts arised this year is expected to be resolve soon.
The business modal of the company looks very attractive as it will help to ease the financial needs of heavy projects in future. I think if company maintains this growth in future, stock may give you a great return in long-term.
Firstsource solutions is an Indian provider of BPO services which is owned by RP-Sanjiv Goenka Group. Its client base includes names from healthcare, telecommunication and financial sector.
In India, scope of BPO services is very bright and is continuously growing at a good rate. I think Firstsource can have a big client base in future if company maintains its position and goodwill in market. Overall, i think Firstsource can be great choice to hold for long-term to bet on ongoing expansion of market size of BPO.
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