ET Wealth has identified such stocks by studying the movement of their target prices over multiple time frames. The stocks for which analysts have upgraded target prices by more than 10% in one-month, three-month, six-month and one-year periods have been screened. It is also ensured that a minimum of five analysts have provided the target prices. The consistent upgrade in target prices indicates analysts’ confidence in the performance momentum of the companies.
Sunil Subramaniam believes that the banking sector may see a downgrade in terms of portfolio allocation due to the provisions announced by the RBI. However, he expects decent and healthy banking numbers, especially in corporate lending and SMEs. He also anticipates a pickup in mid and mass market segment consumption, supported by increased rural wages and government spending in an election year. He also likes PSU banks, which he believes will finance the capex cycle and be the vehicle of government dispersal.
Mirae Asset NYSE FANG+ETF, a basket tracking an index comprising global mega-cap tech stocks, recorded a blistering 96% rise in NAV. The closest challenger, CPSE ETF, tracking an index of Indian public sector entities, fetched 75%. The NYSE FANG+ETFs blockbuster show is bound to make investors take notice, but should you rush to add this table-topper to your mutual fund shopping list?
Given the concerns over stretched valuations and a likely jump in volatility in an election year, it is important to consider the stocks that are favoured by experts. ET Wealth has identified stocks that have seen an improvement in the analysts’ sentiments between the start and end of the previous year.
Mirae Asset NYSE FANG+ETF, a basket tracking an index comprising global mega-cap tech stocks, recorded a blistering 96% rise in NAV. The closest challenger, CPSE ETF, tracking an index of Indian public sector entities, fetched 75%. The NYSE FANG+ETFs blockbuster show is bound to make investors take notice, but should you rush to add this table-topper to your mutual fund shopping list?