Stocks to buy today: As the Indian stock market is facing challenges from the domestic and global developments, a smart investor would look a this stock market crash as an opportunity for the bottom fishing. As the selling has taken place across segments and sectors, a smart choice may generate whopping returns beating the indices and other peers.
To answer this tricky choice, stock market experts said that the oil and gas, banking, and IT sector looks promising from a valuation perspective and one should look at finding a value pick from these segments. However, they said that some steam is still left in the PSU segment.
Asked about the segment or sectors that may outperform the index return over the period, Manish Chowdhury, Head of Research at StoxBox said, "We like stocks in the oil & gas and banking segment as we find valuation comfort in these segments with multiple numbers of near-term tailwinds." The StoxBox expert said that some steam is still left in the PSUs segment saying, "All PSU stocks should not be looked at with the same glass as selective opportunities still exist in this segment. But, one should enter PSU basket in a staggered manner and have a medium to long term horizon in the space." Batting in favour of the IT segment, Saurabh Jain, Vice President — Research at SMC Global Securities said, "The US economy has shown some resilience in the last few quarters and it is getting reflected into the deal wins by the Indian IT companies.
This rise in the rate of deal wins by Indian IT companies is now expected to be reflected in the balance sheet of the Indian IT companies. So, the current stock market crash should be seen as an opportunity by the long-term investors.
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