Top 3 Growth Stocks For The Month

Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as Page Industries and Axis Bank are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. Below I’ve put together a list of great potential investments for you to consider adding to your portfolio if growth is a dimension you would like to firm up.

Page Industries Limited (BSE:532827)

Page Industries Limited manufactures, markets, and distributes garments under the Jockey brand name in India. Founded in 1994, and run by CEO Vedji Ticku, the company size now stands at 21,103 people and with the company’s market cap sitting at INR ₹257.62B, it falls under the large-cap category.

532827’s projected future profit growth is a robust 22.41%, with an underlying 50.13% growth from its revenues expected over the upcoming years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 46.26%. 532827’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Could this stock be your next pick? Take a look at its other fundamentals here.

BSE:532827 Future Profit May 21st 18
BSE:532827 Future Profit May 21st 18

Axis Bank Limited (BSE:532215)

Axis Bank Limited provides corporate and retail banking products and services in India. Formed in 1993, and headed by CEO Shikha Sharma, the company employs 56,617 people and with the stock’s market cap sitting at INR ₹1.37T, it comes under the large-cap group.

532215 is expected to deliver a buoyant earnings growth over the next couple of years of 46.99%, bolstered by an equally impressive revenue growth. It appears that 532215’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 15.66%. 532215’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Want to know more about 532215? I recommend researching its fundamentals here.

BSE:532215 Future Profit May 21st 18
BSE:532215 Future Profit May 21st 18

Navneet Education Limited (BSE:508989)

Navneet Education Limited publishes educational, general, and children books. Navneet Education was formed in 1959 and with the company’s market capitalisation at INR ₹32.45B, we can put it in the large-cap group.

Extreme optimism for 508989, as market analysts projected an outstanding earnings growth rate of 24.30% for the stock, supported by a double-digit sales growth of 29.28%. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 25.90%. 508989’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Should you add 508989 to your portfolio? Have a browse through its key fundamentals here.

BSE:508989 Future Profit May 21st 18
BSE:508989 Future Profit May 21st 18

For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.