“In the capital goods space, Cummins, Thermax, Bharat Forge and L&T are four of the choicest names. You can add an ABB. Three insurance names – SBI Life, ICICI Pru, and HDFC Life – in tandem could be very good wealth creators over a period of time and this distribution channel, particularly brokers, exchanges, insurance and the AMCs are a very good long-term bet.”
“Today is a perfect occasion to catch the bears on the wrong side. I would say that this is just the start. I had told you 19,700 is coming within a few days of Diwali. 20,000 will be here by the end of this month. If I could bet on something, it would be the Bank Nifty”
“Bottom up, the earnings trajectory, for the index as well as the broader market, has been very, very strong.Valuations being very attractive, banking remains the top pick among many sectors. But outside that, there are many segments within metals and in auto ancillaries in manufacturing, industrial capital goods, again in manufacturing – are the areas where we have been positive.”
In September and in October, there was one trading session each in which Midcaps witnessed very sharp correction. It appeared as we are close to repeating the last quarter of calendar year 2021, when in the same period, this segment of the market witnessed change in direction. While it cannot still be ruled out, the way things are panning out, the probability of that happening appears to be lower at least at this point of time. Stocks from sectors like small finance banks, oil refinery and housing finance companies are on the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.