Fundamentally Strong Multibaggers Indian Stocks for 2017

This is my 4rh list of Fundamentally strong Indian

multtibagger stocks for 2017 based on my fundamental analysis
If you are a new visitor of my website then you may read last 3 year lists at these links.

Fundamentally Strong Multibagger Indian Stocks for 2014

Fundamentally Strong Multibagger Indian Stocks for 2015

Fundamentally Strong Multibaggers Indian Stocks for 2016

Now I publish list of Multibagger stocks for 2017.This list is updated once/twice a month and based on my fundamental analysis which publish on this blog once/twice a month.

Here are the other fundamental recommendations for 2017( click on link for more detail of particular stock)

Fedders Lloyd Corporation Ltd (updated on 18 Oct 2016)

Compucom Software Ltd ( updated on 24 Sept 2016) ( after 100% profit  due to promoters insider trading call closed and book profit recommended on 01/11/2016)

IDBI Bank (updated on 30 Aug 2016)

Panama Petrochem Ltd (updated on 21 Aug 2016)

Basant Agro Tech (India) Ltd (call closed and book profit recommended @10.00)

Time Technoplast Ltd

Rashtriya Chemicals & Fertilizers Ltd (RCF)

Rural Electrification Corporation Ltd(REC) ( Ex-bonus after recommnedation, close for fresh buy)

Punjab & Sind Bank 

HEG Ltd

Maharashtra Seamless Ltd

Himadri Chemicals & Industries Ltd ( Penny Share, profit booked)

Jindal Drilling & Industries Ltd

Chromatic India Ltd (Penny Share and call closed after 90% profit booking)

DCM Ltd 

Pratibha Industries Ltd ( call fail, and now not recommended to buy because promoters reduce his holdings)

Khaitan Chemicals & Fertilizers Ltd (Penny Share)

PTC India Ltd

Jindal Saw Ltd

Bank of Maharashtra

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For more understanding that how to invest in my recommendations please read all part of this story:-
Chandu Share Market journey with me

Or 
Read my book, My book " The Winning Theory in Stock Market" is available in Hindi and English Here are the detail links about my book:-
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The Winning Theory in Stock Market ( English)
Hindi Printed book:-
शेयर बाजार में विजय पाने के सिद्धांत The Winning Theory in Stock Market (Hindi)
Hindi E book:-
शेयर बाजार में विजय पाने के सिद्धांत The Winning Theory in Stock Market (Hindi)
or read more detail about my book here:-
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Discloser:-I am an exiting research analyst and registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014

 ( SEBI Registration Number INH 100000908 )  I also buy my own recommendations but as SEBI regulation I do not buy these securities 30 day before or after 5 days of publishing these research reports, please read full discloser on bottom of each research reports which links is given above.
Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please  read full disclaimer at the bottom of my blog.

Jindal Saw Ltd @ 61.80

1. Jindal Saw Ltd is a 2 rupee face value Construction & Engineering company. 

2. Year high of Jindal Saw Ltd is 92.80 year low was 51.10 and stock traded at 61.80, Year high/ low ratio is below 2 , So as my theory current price is stable for long term buy, 

 If you are new reader of my blog and not familiar with my research terms then please see my research terms at this link 

Research Terms of Mahesh Kaushik 

3. Promoters of Jindal Saw Ltd hold 51.27 %FII hold 10.19 % and DII hold 13.66%. Promoters increase their holding from 46.27% to 48.83% in March 2015 and now promoters holding is 51.27%, I like increasing promoters holding because I think promoters knew their company well.

Short Introduction of Jindal Saw:-Jindal SAW Ltd. is the market leader  in manufacturing of large diameter submerged Arc Welded (SAW) Pipes using U-O-E, J-C-O and Helical Processes. 

The SAW Pipes are mainly used in transportation of Oil, Gas, Slurry and Water.

 Jindal SAW Ltd. as a foremost supplier of Line Pipes globally, 

Jindal SAW Pipes division continued and now has expanded to Seven (7) Pipe Mills in India and two (2) in the United States. Visit company website here:-

http://www.jindalsaw.com/index.php

4. Jindal Saw Ltd  is a dividend paying company which pay 1 

rupee per year dividend since last 4 years. 

5. Base price of Jindal Saw Ltd is 70.08 So Current market price is near 14% below then base price. 
Click here to download last 3 year closing price with graph

6. No any bonus issue right issue and bulk deals is recorded in last 2 year. 

7. Jindal Saw Ltd net sale per share of Fy 14-15 is 216.76. Net sale per share is very attractive .So this stock may be our next multi-bagger in 2017 

8. Book value of Jindal Saw Ltd is 138.86 CMP is 50% below from book value so in book value concept this stock is a value buy. 

9. Overall Jindal saw is a best buy for long term due to higher book value and higher net sale per share. 

10. 200 DMA of Jindal Saw Ltd is 66.90 So at CMP 61.80  jindal saw is trading below his 200 DMA but once this stock cross price of 67 then it is rocking, long term holders advised to buy at CMP but traders advised to buy this stock when it cross 67. 

11. My recent updates :- Chandu Stock Market journey with me. 

12. Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog. 

13.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Jindal Saw Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Jindal Saw Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Jindal Saw Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Jindal Saw Ltd). 6. I have been not engaged in market making activity for the subject company (Jindal Saw Ltd).

Bank of Maharashtra @ 32.35

1. Bank of Maharashtra is a 10 rupee face value Public sector bank company. 

2. Year high of Bank of Maharashtra is 45.60 year low was 31.30 and stock traded at 32.35, Year high/ low ratio is below 2 , and stock available near year low so this is the best time to buy this stock at a cheap valuation., 

If you are a new reader of my blog and not familiar with my research terms then please see my research terms at this link :-

Research Terms of Mahesh Kaushik 

3. Promoters of Bank of Maharashtra hold 79.80 %FII hold 0.34 % and DII hold 14.40%.

General public holding is very low in this bank,  so when banking stock start performing again than this stock may outperform the sector because demand from general public is rise and due to low general public holding price of  this stock easily enter in a bull zone.

4. Here is the past dividend history of Bank of Maharashtra stock:- 

EX Date	Purpose
12/06/2015	Final Dividend 1.50
20/06/2014	Final Dividend 1.00
28/01/2014	Interim Dividend 1.00
21/06/2013	Dividend 2.50
22/06/2012	Dividend 2.50

5. Base price of Bank of Maharashtra is 42.00 So Current market price is near 25% below than base price. Bank of Maharashtra is a part of S&P BSE 500 companies. 
Click here to download last 3 year closing price with graph

6. No any bonus issue right issue and bulk deals is recorded in last 2 year. 

7. Bank of Maharashtra net sale per share of Fy 14-15 is 119.12.Net sale per share 119.12 is very attractive, although all banking stock is currently traded below his net sale per share but in my view only Vijaya Bank and Bank of Maharashtra is best buy because equity capital of these two banks are not diluted (increased) by govt of india. 

8. Book value of Bank of Maharashtra is 62.92 CMP is 50% below from book value so in book value concept this stock is a value buy. 

9. Overall Bank of Maharashtra is a good value buy due to high book value 62.92, High base price 42.00 and High net sale per share 119.12 I think CMP 32.35 is very attractive for long term (1 to 2 year view) .

10. 200 DMA of Bank of Maharashtra is 35.70. So  bank of maharashatra is trading below his 200 DMA but once this stock cross price of 36 then it is rocking, long term holders advised to buy at CMP but traders advised to buy this stock when it cross 36. 

11. My recent updates :- Buy Vijay Shanthi Builders Ltd 

12. Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog. 

13.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Bank of Maharashtra so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Bank of Maharashtra). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Bank of Maharashtra) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Bank of Maharashtra). 6. I have been not engaged in market making activity for the subject company (Bank of Maharashtra).

National Fertilizers Ltd @28.30

1. National Fertilizers Ltd is a 10 rupee face value Fertilizer company. 

2. Year high of National Fertilizers Ltd is 42.80 and year low was 20.10, stock traded at 28.30, Year high/ low ratio is slightly higher then 2 but when a stock is recover more then 40% from year low and if company declare a positive result after the date of year low then year high/low ratio is acceptable till 2.5 and

National fertilizer ltd is a perfect example of this theory, here positive results means increasing sales and profits in comparison of earlier quarter result., If you are new reader of my blog and not familiar with my research terms then please see my research terms at this link :-

Research Terms Means like Year High/Low, Base price etc. 

3. Promoters of National Fertilizers Ltd hold 89.71 %FII hold nil % and DII hold 5.99%. Promoters holding is sound . NFL is a PSU company so Govt. of India is promoter of this company.

4.National Fertilizers Ltd This stock have a regular dividend history. See past dividends from NFL here:-

EX Date	Purpose
15/09/2015	Dividend 0.17
29/08/2012	Dividend 0.78
29/08/2011	Dividend 0.85
30/08/2010	Dividend 1.05
28/08/2009	Dividend 0.60

5. Base price of National Fertilizers Ltd is 34.58 So Current market is near about 18% below the base price.
Click here to download last 3 year closing price with graph 

6. No any bonus issue right issue and bulk deals is recorded in last 2 year.

7. National Fertilizers Ltd net sale per share of Fy 14-15 is 173.77 net sale per share is very sound  so this stock have chance to become a multi bagger. 

8. Book value of National Fertilizers Ltd is 30.19 CMP is also lower then book value so in book value concept this stock is a value buy. 

9. NFL is a good dividend paying PSU company for long term view and also give a positive breakout over 200 DMA 

10. 200 DMA of National Fertilizers Ltd is 28.16 so National fertilizers ltd also give a positive breakout above 200 DMA and I think traders will also get a position in this stock and long term ivestor may buy this stock till price of 35 after that hold it for decent gains. 

11. This is my second recommendation in NFL, New readers please must read my earlier article about NFL which I publish on 2009 and recommended to buy NFL @36 plus also recommended to shift nagarjuna fertilizers to NFL and after this article my readers get 313% profit in National fertilizer stock and book his profit @149 at 2010. Nagarjuna fertilizer is currently merge with Nagarjuna oil refinary which traded @ 4 only.

Here is the link of this earlier article of 2009:-

Buy NFL @36 Avoid Nagarjuna 

11. My recent updates :- Buy SAIL @ 4511. 

Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog. 

Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of National Fertilizers Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( National Fertilizers Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(National Fertilizers Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( National Fertilizers Ltd). 6. I have been not engaged in market making activity for the subject company (National Fertilizers Ltd).

Tribhovandas Bhimji Zaveri Ltd @ 104

1. Tribhovandas Bhimji Zaveri Ltd is a 10 rupee face value gold and diamond jewellery company.

2. Year high of Tribhovandas Bhimji Zaveri Ltd is 187.80 year low was 102.10 and stock traded at 104.00, Year high/ low ratio is  below 2 so as my theory current market price is   stable .  

If you are new reader of my blog and not familiar with my research terms then please read my research terms at this link

Research Terms of Mahesh Kaushik

3. Promoters of Tribhovandas Bhimji Zaveri Ltd hold 74.12 %FII hold 15.87% % and DII hold 0.05%. Promoters holding is sound and they not pledged any stok so this is a  good point and a sound FII holding also indicate that very low percent of stock is hold by general public when a stock have low general public holding then price of stock easily run on demand from general investors.

4.Tribhovandas Bhimji Zaveri Ltd Give  2.25 to 0.75 rupee dividend in last some years

5. Base price of Tribhovandas Bhimji Zaveri Ltd is 165.73 So CMP is 37% below than  base price and I think this is the best price to start investment in this stock. 

Please remember it does not mean that price not fall further from here but we never catch bottom price of a stock so we use base price and year high/low theory to find out a best stable and cheap price.
Click here to download last 3 year closing price with graph

6. No any bonus issue right issue and bulk deals is recorded  in last 2 year.

6. Tribhovandas Bhimji Zaveri Ltd net sale per share of FY 2014-15 is 289.85.

7. Net sale per share is very sound at 289 so this stock have chance to become a multi-bagger when it turn around in profits.

8. Book value of Tribhovandas Bhimji Zaveri Ltd is 69.77 CMP is higher   then book value so in book value concept this stock is not a value buy. 

But book value is continue increase year by year in 2011 book value of TBZ is 21.42 and in 2015 book value of TBZ is 69.77 generally I avoid book value concept when year high/ low ratio is stable and net sale per share is higher then CMP in this case net sale per share is quite higher at 289.85 so this is the reason why I recommended this stock at CMP

8. Tribhovandas Bhimji Zaveri Ltd have branches in 

Ahmedabad

Aurangabad

Bhavnagar

Gandhidham

Hyderabad

Indore

Kochi

Kolkata

Mumbai

Nagpur

Pune

Raipur

Rajkot

Surat

Thane

Udaipur

Vasai

Vashi

Vadodara

Vapi

Vijayawada 

and recently open  new branches in Dhanbad and Jaipur.Overall this stock is a good for long term .

9. 200 DMA of Tribhovandas Bhimji Zaveri Ltd is 140.33 So at CMP 104.00 Tribhovandas Bhimji Zaveri Ltd is not technically sound yet and not useful for trading purpose but for long term fundamental view of 1-2 year this is a great buy.

10. My recent updates :-

Chandu Journey of share market with me

11. Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please  read full disclaimer at the bottom of my blog.

12.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Tribhovandas Bhimji Zaveri Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Tribhovandas Bhimji Zaveri Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not  received any type of compensation from the subject company(Tribhovandas Bhimji Zaveri Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Tribhovandas Bhimji Zaveri Ltd). 6. I have been not engaged in market making activity for the subject company (Tribhovandas Bhimji Zaveri Ltd).