In the bull markets, Rahul Shah advises clients to keep buying largecaps and use the fall as an opportunity. In midcaps, profits are being booked after the healthy corporate earnings season. Rahul recommends overweighting midcaps like PNB, Union Bank, Bank of Baroda, Jammu & Kashmir Bank. ABB and L&T are top picks in the capital goods sector.
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Rahul Shah advises clients to stay invested in the PSU theme and sees Zomato as a long-term opportunity. He is bullish on Blinkit and expects continued growth in delivery business. Additionally, he highlights the potential of PSU banks, Vedanta, SBI, HDFC Bank, BPCL, and HPCL. Shah says one should buy BPCL and HPCL on dips.
Rahul Shah, VP-Equity Advisory, MOFSL, says most of the IT names have gone up quite sharply post their Q3 numbers. Now it is the turn of pharma. Shah expects largecap pharma stocks like Sun Pharma, Cipla, and Dr Reddy s to maintain their good performance. The market is undergoing sector rotation, with IT stocks performing well and now pharma stocks gaining momentum.
Devang Mehta says: The Interim Budget displayed fiscal prudence by capping the fiscal deficit for 2024-25 at 5.1%. It emphasized policy continuity and commitment to fiscal discipline. The budget included the upgradation of 40,000 bogies to Vande Bharat standards, a Rs 1 lakh crore corpus for tech-savvy growth, and lower-than-expected borrowing costs. With a focus on capital expenditure and infrastructure development, sectors like capital goods, infrastructure, power ancillaries, and renewable energy are expected to benefit.