Sanjiv Bhasin suggests focusing on Marico, Nestle, Hindustan Lever as top FMCG picks, adding Godrej Consumer. Largecap private banks like HDFC, ICICI, Kotak, Axis, IndusInd are recommended amidst various market dynamics and sector-specific opportunities. Bhasin says the wealth effect means real estate is the real play. Along with that, FMCG and IT will now be more defensive with pharma as a constituent for the index till the results.
Sanjiv Bhasin advises on market recovery, consumer stock investment, and potential buys such as Rattan Power, Coal India, Coforge, and Bajaj Finserv. He also highlights FII impact and Kotak Bank s analysis. Bhasin says: "We have an accumulate on Kotak Bank and we think this is a very good time as most of the negatives are priced in, the positives will be outweighed but time will have to be given over here."
​Stocks that were in focus include names like Havells India which was up nearly 5% to hit a fresh high, Container Corporation of India closed with gains of more than 6% and ICICI Bank closed lower ahead of results. Here s a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.
The Department of Investment and Public Asset Management raised a total of Rs 80,256 crore as receipts in 2023-24, of which Rs 63,749 crore was from dividends from CPSEs and the remaining Rs 16,507 was from stake sales in state-owned firms.