Mumbai : Every investor dreams of buying multi-bagger stocks, but identifying such opportunities is challenging. Out of about 400 stocks tracked by at least five analysts, about 54 are expected to deliver returns between 20% and 50% over the next 12 months, consensus estimates showed.Many of these stocks have become more attractive following recent market corrections, while a few are projected to provide over 20% returns despite already posting positive gains this year.
ET Bureau
For example, 18 analysts have given DCB Bank an average target price of ₹159 per share, while it is currently trading at ₹116. The stock has declined 12% since January 1 and is trading at a P/E ratio of 6 times its one-year forward earnings.
Similarly, 16 analysts forecast a 33% upside for Lemon Tree Hotels, which has delivered a negative 3% return so far this year. Analysts have revised the company’s estimated earnings per share upward by 52% in the past three months.
ET has compiled a list of 15 stocks, each tracked by at least 10 analysts, that could potentially deliver over 20% returns within the next 12 months.
