If you can take the risk, then invest money in these 3 stocks, to be profitable by the year 2024

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Midcap is trading down 5% compared to large-cap, so there is a higher chance of it rising.


Sensex continues to boom. On November 8, the Sensex had reached a record level of 40,749. However, the midcap index is still down about 20% from its best level of 9 January 2018. On 9 January 2018, the midcap reached a level of 18,321.

However, experts say that there is still a lot of action left in the midcap.
The Nifty Midcap-100 gained nearly 4.9 per cent during October 2019. While its qualified Nifty grew at 3.5%.

Midcap is trading 5% below large-cap. In such a situation, experts say that selected stocks can benefit you in the next 5 years. If you can also take the risk, then you can invest in these 3 stocks.

Ashok Leyland

The domestic MHCV industry is struggling with a cyclical downturn. Axis Capital believes that it will bottom out in the 2021 fiscal year, which means it will recover from the recession. The MHCV industry is expected to accelerate between 21-2024 fiscal year due to increasing economic growth recovery, increasing private capital expenditure and increasing demand for freight. Ashok Leyland will also benefit greatly from this.

Spandana

Its focus is exclusively on rural market prospects. Spandan is the most profitable microfinance company. The peculiarity of the pulsing can be gauged from the fact that it is the only company whose ratings have also been upgraded to the Liquidity Crisis. The company's growth is expected to be strong in the coming years as well. So it can prove to be a better claim.

Varun Beverages


Varun Beverages is benefiting from the growth in soft drink category in India. The company will benefit from its presence in the entire beverages value chain and the capabilities of end-to-end execution. Varun Beverages is expected to grow by 9.4% between FY 2019-2024. So if you invest in it, you will also get the benefit of your risk.

Source by- Moneycontrol
Professional Advisory  For Help And Support- AllianceResearch




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