HUL, HDFC Bank among 31 stocks ideas likely to bounce back post NDA win
stocks across sectors like FMCG, auto, pharma/hospitals, private banks, capital goods, commodities, telecom, consumer durables, etc. may likely see a bounce back as the NDA looks set to retain power, says domestic brokerage firm Prabhudas Lilladher.
Given expected focus on rural India and normal monsoons, sectors like consumer, auto, pharma, private banks, durables etc. might come to focus, wherein the domestic brokerage stated that it had recently increased weights in model portfolios.
Here is a sector-wise list of stocks recommended by analysts at Prabhudas Lilladher:
FMCG: HUL, Britannia, GCPL, Marico, Dabur, Emami, Varun Beverages
Auto: Eicher, Hero MotoCorp, M&M, Maruti Suzuki
Pharma/ Hospitals: Sun, Max Healthcare, Lupin, Jupiter Hospitals
Private Banks: HDFC Bank, Kotak, Axis and ICICI Bank
Capital Goods: Siemens, ABB, Elantas Beck, Timken, Hitachi Energy, GE T&D
Commodities: Hindalco
Consumer Durables/ Telecom/ Others: Havells India, Bharti Airtel, Delhivery, Astral, Crompton Consumer
“We believe portfolio allocations and future policies of the NDA govt will be a key determinant of market movements,” said a report by Prabhudas Lilladher.
Also read: FMCG rally continues post poll results; Heritage, HUL, Dabur, Marico jump up to 15%
The domestic brokerage firm believes that the severe jolt to BJP in Uttar Pradesh (new PDA social engineering), Maharashtra (fractured parties) and West Bengal will keep tricky reforms regarding PSU divestment, GST, labor laws, agriculture, modern retail/ Ecom at bay.
