Can you suggest 5 stocks below Rs 50 for long term investing ?

dipak's picture

I will soon have 3 lakh rs to invest looking for around 5 stocks that I can keep for 5-8 years and gain decent returns. Any suggestions please.


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NOCIL Ltd CMP ( Rs 30 )

 
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HOTEL LEELA  CMP   ( Rs 31 )

This one is only for those who can hold for 5 years horizon. Hotel industry is in deep red. But this is time to pick hotel stocks. If you have money and courage to see 20-30% losses hotel leela is my best bet in Hotel industry. Company has some really good properties and charges premium over others.

Company is planning to exit offshore casino business from goa.

At the same expansion at Bangalore property in on anvil.

At current p/e of 10 stock looks cheap. But digging into balance sheet things doesn't look too rosy. But that's a common tail in all hoteliers. They have to borrow money to invest in property development.

 
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1.  PRISM CEMENT

Current Market price : Rs 46

2.  ALOK INDUSTRIED LTD.

Current Market Price: Rs 21

3. SIMBHOLI SUGAR MILLS LTD.

CMP  57 Rs

 

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