Amid election result uncertainties, staying invested is advised. Anticipated market rebound post-results may drive new highs. Favorable fundamentals support quality stock buying, especially in insurance and banking sectors. Opportunities also seen in mid and small-cap stocks like Rattan Power.
CLSA has labeled certain stocks as Modi stocks which have performed well recently. Sanjiv Bhasin from IIFL Securities suggests booking profits in these stocks, especially PSUs. He recommends focusing on FMCG, private banks, and specialty chemicals for better performance. He also says if one is interested in pharma stocks, it is better to buy a pharma fund.
Indiabulls Real Estate acquired Embassy Eden, a proposed residential villa development project spread over ~31.30 acre from EPDPL through the infusion of approximately Rs 465.71 crore capital in Sion Eden Developers.
Last week was eventful, though truncated. The BSE 500 index ended with an uptick of 664 points or 2%, following the footsteps of the headline index S&P BSE Sensex that gained 1,500 points or 2% to hit an all-time high of 75,636. The two defence PSU counters and railway play RVNL ended the week with an uptick of 35%, 32% and 27%, respectively.
Sanjiv Bhasin | Sanjiv Bhasin portfolio: Stocks to buy now? Aditya Birla Group to lead market; Voda Idea a doubler from here, says Sanjiv Bhasin indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.