Indian Stock Market at record highs. Sectors and stocks that experts are betting on
Also Read- Adani Group stocks jump up to 19%, market cap nears ₹12 lakh crore; here's why In fact experts as as Jitendra Gohil, Chief Investment Officer, Kotak Alternate Asset Managers now believe that market is still underestimating India's GDP growth Gohila thereby said that we continue to favour domestically focused cyclical and interest rate-sensitive sectors for the next twelve months. We expect PSU banks and PSU stocks (power, energy, defence, cap goods, NBFCs, etc) to experience further upside and the stocks could re-rate further.
We are particularly positive on the banking and financial sector, real estate, and cement. Even other experts share similar views.
"Given the government’s focus approach towards long-term capex across key areas, we expect BFSI (Banking, Financial Services, Insurance), Industrials, Real Estate, Auto and Consumer Discretionary to do well going forward" said Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services. MOFSL largely maintains its sectoral allocations and weights, relying on the sectors that have shown growth potential to drive our stock selection framework.
They remain Overweight on Financials, Consumption, Industrials, Automobiles, and Healthcare; while they maintain underweight stance on Metals, Energy, IT and Utilities, and Neutral outlook on Telecom in their model portfolio As per MOFSL strategy report their Top ideas in the large caps include ICICI Bank, ITC , Bajaj Finance, Larsen & Toubro Ltd,, HCL Technologies Ltd, Mahindra & Mahindra, Titan, Avenue Supermarts, Ultratech Cement, ONGC, and Zomato. The key midcaps and Smallcaps picks include Indian Hotels, Angel One, Lemon Tree Hotel, Ashok Leyland, Godrej Properties, Sunteck Realty, Metro Brands,
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