TCS, ITC, Idea Cellular and HCL among likely multibaggers: Ambit Capital

MUMBAI: TCS, ITC, HCL Tech, Tata Motors, Idea Cellular and MRF are among the stocks identified by Ambit Capital that could fetch multi-fold returns. The brokerage has identified 30 stocks in the BSE 500 index based on accounting quality and corporate governance filters.

“Whilst ‘Good & Clean’ remains our preferred tactical way of playing equities, in a country like India the robustness of the economy ensures that well-managed companies that are focused on building cashgenerative franchises have a high chance of doing well,” said Saurabh Mukherjea, CEO, institutional equities at Ambit Capital.