As Nifty soars to a new high, Siddhartha Khemka of MOFSL shares how investors can generate alpha and also talks about the stocks and the sectors that can strengthen their portfolios
All except 2 stocks were in the green in the month of November. Only Bajaj Finance and SBI witnessed a decline in this period, while the remaining 48 stocks gave positive returns mirroring the positive market sentiment.
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OI Data showed that on the call side, the highest OI was observed at 20,400 followed by 20,300 strike prices while on the put side, the highest OI was at 20,000 strike price.
The Nifty 50 index is now trading at 20.3x FY24 and ~17.6x FY25 consensus EPS. Valuations look fair now on an FY25 basis and risk-reward is balanced, said HDFC. Its preferred sectors are large-cap banks, industrial and real estate, power, autos, pharma, OMCs, gas, and capital markets.