India still isn’t out of woods as way because the Covid pandemic is bothered or its impact on macro or small is concerned– tho’ latest macro and small information ar encouraging. Going by the Q2 results, financials have shown signs of overcoming the problems caused by covid-19 by growing assortment potency, adequate provisioning, and therefore the recent capital cushion season to balance sheets. “All all told when a turbulent past year, we are able to expect to a comparatively sedate however by selection profitable year, says HDFC Securities.
Analysts believe, diversification is that the key within the new Samvat. “Investors have to be compelled to look into quality category diversification, sector diversification, spreading investments over time (by approach of SIP or staggered investments). additionally going by the approach world investment has picked pace, MNIs and HNIs have to be compelled to look into this quality category to ascertain whether or not this suits their risk profile and ability sets,” says the brokerage.
HDFC Securities’ sector statement
Sectorally, PSU index encompasses a chance of returning in favour, except for that the bulk investor can have to be compelled to take perennial steps to guard and grow market cap of PSU stocks. Banks appear to be headed higher however with intermittent corrections. Metals might be a surprise entertainer. cars might take some longer to create a property bottom. FMCG and Oil & Gas might underperform. IT and health care have some additional side, however continuance 2020’s performance are going to be tough for them.
Top Diwali stock picks
HDFC Securities has elite ten high stocks — 5 largecaps and 5 midcaps for investors, wherever the brokerage sees potential to get sensible returns for investors by next Diwali.
Stock, Add on dips, Target worth, Upside
Large cap stocks
Bharti Airtel 400-403, 597, 33%
Cadila health care 385-393, 508, 18%
ICICI Bank 395-405, 503, 14%
Infosys 1002-1006, 1205, 8%
United Spirits 441-451, 645, 19%
Mid cap stocks
Alembic pharmaceutical company 877-885, 1148, 17%
Credit Access Grameen 520-540, 797, 18%
Gujarat Gas 270-273, 356, 14%
Mphasis 1234-1238, 1,511, 13%
Radico Khaitan 380-390, 545, 26%