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Which stocks to buy in Samvat 2079? 4 sectoral ideas & a dark horse pick


Given India’s resilient domestic economy, solid corporate earnings outlook and faithful domestic investors, the Indian equity market is likely to outperform other emerging markets in Samvat 2079 as well. The Hindu accounting year, which began from Diwali on Monday, is likely to witness Sensex and Nifty zoom past their previous record high levels, brokerages say.

Market gurus spot opportunities in banks, pharma, manufacturing and IT sectors.

Raamdeo Agrawal

My sense is that the next global boom will be non-tech. But I have no clue whether it will be defence, energy, finance or real estate.

FII selling – When both FIIs and retailers want to buy, you will have a Diwali.


Prashant Jain


IT stocks – IT is a blessing for India. It is a great sector and sustainable but the only challenge for IT is growth rate. Expect the growth rate to be lower due to the slowdown in the US.

Defence stocks – The upside is priced in after the run-up.

Bank stocks – Bank margins should hold up or improve in a rising interest rate scenario. Still see value in some banks.


Kela


Pharma stocks – There is sufficient margin of safety in pharma valuations at this juncture. Increased weightage on pharma in portfolio as select pharma companies are trading at attractive valuations.

Market outlook – India will not underperform as the party has just begun. It is a myth that Indian valuations are expensive.

Nilesh Shah

FII flows – India is transiting from being part of global emerging markets to becoming a single country allocation

Market opportunities – Bullish on banking and manufacturing sectors.

Sanjiv Bhasin

Midcap pick –

can be such a big dark horse that it can give you a 50% return from this Diwali to the next. I think the numbers were very-very smart. They have a book of Rs 40,000 crore and a market cap of Rs 6,500 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



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