These 3 stocks have just crashed; Do you own any? Good news! They are seen rising by up to Rs 15,500

Investors have continued to embrace selling sentiment on Dalal Street, with Sensex and Nifty both giving away nearly 500 points and 150 points respectively. Almost everything on the benchmark indices was crumbling down. Interestingly, there were three stocks that plunged by more than Rs 600, making many investors that much poorer today. These three stocks are MRF, Eicher Motors and Page Industries, which are also the most expensive stock on BSE. 

To put things in perspective, among many quotes of equity king Warren Buffett, one stands out and it states that, 'it is better to invest in a wonderful company at a fair price then invest in a fair company at a wonderful price.' By this Buffett explains the importance of grabbing an opportunity in stock markets, but ensuring that due respect is paid to quality companies. In short, when there is a crash even stocks of even quality companies, invetsors should aim at making cash.  Sure, these three companies have tumbled massively today, but did you know in future they are expected to give hefty returns.

To begin with Page Industries, the company's stock was trading at Rs 24,405.05 down by Rs 766.05 or 3.04% on Sensex at around 1106 hours. However, the company has dropped by Rs 787.4 as it touched an intraday low of Rs 24,383.70. 

On Page, Motilal Oswal says, "After delivering nine straight quarters of strong performance, PAG exhibited deceleration in earnings growth,
part of which can be attributed to the timing mismatch of the festive season in FY19 compared to the previous year.PAG remains a compelling investment case in the Indian consumer space, with better earnings growth potential relative to peers and the ongoing balance sheet improvement."

Analysts at Motilal added, "Nevertheless, near-term valuations at 56.8x FY20E EPS leave little room for an upside from a one-year perspective. Note that valuations are at premium levels, despite assuming healthy 23.3% EPS CAGR over FY18-20. We, thus, believe that slower-than-expected execution going forward can pose downside risks.

Based on the aforementioned proposition,Motilal says, "we maintain our Neutral rating with a target price of INR26,535 (48x Dec’20E EPS, 15% discount to 3-year average)."

If we take today's intraday low, then Page Industries is set to see over Rs 2100 rise in coming months. It needs to be noted that, Page has already clocked an all-time high of Rs 36,335.95 and is quite a compelling stock. 

Going ahead, it was Eicher Motors stock, which was not having a good day in auto section. The company was trading at Rs 22,355 down by Rs 468.60 or 2.05%.

However, so far the stock has plunged by Rs 601 as it has clocked intraday low of Rs 22,222. 

In case of Eicher, analysts at Antique Broking Limited said, "We maintain BUY rating on Eicher with a SOTP based target price of INR30,005. We expect Twins to clock a monthly run rate of 2-2.5k units initially and can attain 10k/month 2-3 years down the line."

However, Antique adds "upside potential exists for our long-term volume expectation contingent on a positive initial feedback. Theory of increased competitive intensity in 350CC segment with the launch of JAWA (by M&M) is flawed in our view given lack of a strong brand recall due to decades of production cease, untested product quality and lack of independent brand/product positioning."

If we take today's intraday low, then Eicher will rise by Rs 7,783. Also one should remember that the company has already earmarked all-time high of Rs 32,209.50 and currently its price are correcting creating even more further buying opportunity. 

Now coming to the most expensive stock MRF, which is currently trading at Rs 64,900.60 down by Rs 287.60 or 0.44%. However, the company has slipped by nearly Rs 700 after it clocked an intraday low of Rs 64,508.45. 

Recently, Deutsche Bank noted that tyre stocks have continued volume growth across companies. Price hikes taken to counter commodity cost pressures.

Analysts at Deutsche for MRF said, “Maintained ‘Buy’ with a price target of Rs 80,000, implying a potential upside of 21% from the last regular trade.” This forecast is for till FY21.

If that is the case, MRF will grow by nearly Rs 15,500 in coming months. The stock is a dominator in its category and has already clocked an all-time high of Rs 81,423. The performance by this company is breath taking.

Hence, you are bound to become crorepati if you have invested in MRF, Eicher Motors and Page Industries share price. Remember right time, right stock and patience is the key for every investor who loves equities and eyes big profits.