What are the best Multibagger stocks for 2019?

MUMBAI, India - Oct. 23, 2019 - PRLog -- Domestic equity markets have witnessed many ups and down in the last six months with the benchmark index Sensex touching 40,267 in June 2019 and then plunging down to 36093.47 in September 2019 after a series of corrections due to various international and domestic events. The good news however is that due to the market correction, investors can find many multibagger stocks for 2019 at reasonable valuations now.

Here are few sectors where investors can find multibagger stocks for 2019:

Fast moving consumer goods

The fast moving consumer goods sector in India is witnessing an explosive growth due to change in consumer behaviour, growing awareness, and change in lifestyles.  This sector which is the fourth largest sector in Indian economy and includes companies engaged in the business of household and personal care (50% share in the sector), food and beverages (19% share in the sector) and healthcare (31% share in the sector). The FMCG sector in India offers products which are never likely to go out of demand. On the contrary the demand for FMCG products is growing more and more with time. Even in a situation when the economy goes through a recession people might stop buying automobiles or real estate, but nobody will ever stop buying FMCG products as these are everyday necessities. Hence one can definitely find many multibagger stocks for 2019 in the FMCG sector in India. Some stocks from this sector which have given multibagger returns in the past include, Hindustan Unilever Ltd., Dabur and Marico Industries.

Housing Finance Sector

Housing finance sector is the backbone of the housing sector in India as almost 90% of homes and properties are purchased on finance. Government has initiated many housing development projects and policies to boost the housing sector over the last 5 years with an aim to provide affordable housing to all in the next few years.

If you look over the demand of this sector, there are numerous factor which works as a favour such as increasing income, urbanization, economic growth of residential and commercial reality demand in India etc. Naturally with the growth of housing sector in India, the housing finance sector is also grow substantially and therefore one can find many multibagger stocks for 2019 in this sector. Few of top companies in the housing finance sector are LIC Housing Finance Ltd. and Canfin Homes Ltd.

To conclude, investors can definitely find lot of multibagger stocks for 2019 in the above sectors. However after finding those multibagger stocks for 2019, it is equally important to remain invested for long term with patience.
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