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RAJIV KAPOOR
TAKING STOCK

Rajiv Kapoor is a Share Broker, Certified Mutual Fund Expert and MDRT Insurance Agent.

Invest in L&T, ITC and Max India

Larsen & Toubro Ltd has recommended a bonus Issue on its equity shares in the ratio of 1:2 (one bonus share for every two held) on the occasion of their platinum jubilee. This is one of the best investment an investor can make in this year is to buy L&T shares cum bonus and cum dividend at the current price of Rs 1,400. The stock can easily give a 50% appreciation in the next eighteen months. Investors should sell non performing stocks in their portfolio and switch the funds into Larsen & Toubro shares for super gains. Max India Ltd is a wonderful company with multiple businesses and sure-shot bonus candidate. While the stock has been consolidating at levels of Rs 215 for some time and a break out from this level can easily take the share to a price target of Rs 270 in the next eight months. ITC is another share which we have been recommending in this column for the last two years at the then price of Rs 140. Since then it has given a liberal bonus issue in the ratio of 1:1 and the price having more than doubled in the interim period. Even now the stock at Rs 340 is a buy for short term horizon with a price target of Rs 370.

 
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