Indian market has taken all headwinds in its stride and the action has been very stock-specific as Mid/small caps continue to outperform large caps, Prabhudas Lilladher stated. It lists its top large, mid and smallcap picks for model portfolio.
Indian markets recovered in September after a weak August, however, brokerage house HDFC Securities advises caution in the short to medium term on the back of high valuations and rising crude prices. It has listed 5 of its top buy calls with up to 45% potential upside. Let s take a look:
3M India, Crompton Consumer, Havells India, Orient Electric, Syrma SGS, TTK Prestige, Whirlpool, Symphony, Voltas, Polycab India, and KEI Industries are among the preferred consumer durable stock picks.
"United Spirits is one of our top picks in the consumption space and then in discretionary space we like Crompton Consumer which is part of our model portfolio along with United Spirits. We are positive on hotels as a theme . We have a positive rating on both Indian Hotels and Lemon Tree. I would say there are fewer names on the consumption side compared to on the investment and infra side."