Here is one stock that does not depend on Election results
I know most of us are waiting for election results now – looking at whether NDA will come to power without any outside support. If that happens, Bank stocks ( SBI, ICICI, HDFC bank etc) and Infra stocks ( BHEL, L&T, ABB) are going to be everyone’s favourites as there is a good chamce that their prices will go up in a comparatively short period of time (less than one qtr).
Now here is a company that really does not depend on stable govt.
In the past two years, it has given me 132% returns (52% per annum) and I am happily holding it still, as I believe that it will continue to perform in the future. It's 10 year compounded average growth rate of EPS (CAGR) has been a whopping 40%. - which means the company's per share profits is growing at 40% per annum. It has an average Return on Equity for the past 10 years of 54%. and the ROCE for the past 10 years has been 29% -both of which is very good. And the stock has been going up steadily (the key word is “steady”) – here is the graph and you can see how "steady" has been the price climb.
The 2013-2014 annual results is yet to come but the past three quarters the performance has been superb and the company continues it’s upwards trajectory.
The company is Page Industries. A Bangalore based mid cap that is better known for it's brand JOCKEY
What I like about the company is it’s brand power and it's continuous efforts to grow the brand and the distribution. I have been watching it closely for three years now and I know some people who have dealt with the management of Page industries and as per them these folks are honest, trust worthy and surely they know their job.
I am further investing in it with a 3-5 year timeframe at the current price of around 6020 -6050. I believe it will give me 30% per annum returns and that is all that I am aiming for. I am not looking at multi-baggers.
Here is my stock price projection calculations based on the past 10 year data -https://dl.dropboxusercontent.com/u/73601331/Page%20industries.xlsx