These are difficult times for equity market with the Sensex down 18 per cent from its March 2015 peak. Yet, some stocks are trading at a premium to their historic valuation. Investors are chasing these high-growth stocks that have recorded a sustained improvement in revenue and profits and are market leaders in their segments. Here are six such stocks (Click on hyperlinks to read in detail about the individual stock)

TTK PRESTIGE : Piping hot

TTK Prestige’s strong brand and R&D capabilities should help it sustain the current growth and outshine peers, including Hawkins and Stovekraft, in the long term.

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BAJAJ FINANCEFiring on all cylinders

Given the high entry barriers in this business, Bajaj Finance’s sound customer base and well-entrenched distribution network provide a competitive advantage over other players.

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GATEWAY DISTRIPARKSRiding on the logistics bandwagon

Long-term growth in this segment will be helped by a few factors. One, the 4.8 million TEU capacity additions in the Jawaharlal Nehru Port Terminal, expected to be completed in 2020, will increase freight activity. Two, the dedicated freight corridor (DFC) that is expected to be operational by 2019 will aid volume growth.

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AMARA RAJA BATTERIESCharged up

The stock has lost about 20 per cent until now from its one-year high of ₹1,132 (August 2015), taking off some of the froth. Although still on the higher side, valuations have corrected from its peak of about 40 times. Given the promising prospects, the stock remains a good bet.

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CUMMINS INDIAOn a steady growth path

Cummins, a market leader in manufacturing engines and related technologies, is well-placed to benefit from the Centre’s drive to improve infrastructure.

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ZEE ENTERTAINMENTA good show

Zee is well-placed to garner a good share of the likely higher ad spends by companies in sectors such as FMCG, telecom and e-commerce. An expected improvement in economic growth should drive up company ad spends.

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