Update: This stock really is Not a Multibagger up to date. Since the Valuation change it is No Longer a Multibagger in our view. You can check other stocks from our latest Multibaggers pack.
Futurecaps is a SEBI Registered Research Analyst providing Multibagger service to Indian Stock Market.
Established in the year 1990, Tata Metaliks began its commercial operations in 1994. Growing from strength to strength over the last two decades, the Company today has emerged as one of the biggest pig iron manufacturing and selling companies of India, with an annual production capacity of 345,000 tonnes.
Company URL: http://www.tatametaliks.com/
This is a turned around company with past quarters with losses and most recent 2 quarters shows positive turnarounds. Company reserve also turned negative.
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As you can see the above value parameters does not say it as multibagger.
Considering its recent quarter turnaround, it could possibly become a multibagger. Investors with high-risk appetite with strict-diversification can try this.
1-2% of portfolio.
Futurecaps recommends 20 to 25 multibaggers per year, we recommend a 25% to 50% allocation of your savings in equity. The stocks recommended here are gone through Analysts of several years experience in stock market. Although they were successful in predicting future multibaggers, the overall stock market is a risky game. So we recommend the reader to put his/her own thoughts & invest wisely.