Stocks to buy: The Q4 earnings, macro numbers and global cues are expected to move the Indian stock market in the near term. Experts recommend six stocks for solid double-digit returns in next 12 months.
Chakri Lokapriya anticipates a strong year with robust fundamentals in new sectors. Smallcap index saw a 70% return. Focus on investors, traders, NBFCs, auto sector players like Maruti and TVS Motors, and companies like Shriram Finance, SBI, VIP and Safari. Also, Lokapriya says we will continue to hold on to Indian Hotels, Chalet Hotels, Lemon Tree, Thomas Cook.
Titagarh Rail Systems is expected to benefit from Indian Railways plans to double its freight-loading volumes and increase its logistics share, which includes adding over 30,000 wagons per annum over the next five years.
Sula Vineyards, India s largest wine producer, saw its stock price surge by 17.30% in today s trade after global brokerage firm CLSA upgraded its rating to Buy and raised the target price.
“There is opportunity in all the sectors. We are agnostic to where we see opportunities. But we have looked at opportunities in very specialised areas like tech, infrastructure, consumption, where these companies are still sub 10,000 crore market cap and where we believe that many of them could be 4X, 5X over the next couple of years.”