While there are some corrections in the Indian equities market, the injection of a massive boost of more than $1.3 trillion has turned investors again towards China with FPIs pulling some of their money out of India. However, the Indian GDP growth remains intact – it is expected to be the fastest growing major economy in the current year (FY25) as well – and major brokerages reposing their faith in the Indian future.
Axis Securities, one of the major brokerages in India, has offered the following themes that it thinks should guide investors in the Samvat 2018 – the investment year that will begin with the Muhurat trading on November 1. These themes are: “Companies with higher growth potential with reasonable valuations, leadership position in the respective business, companies with a proven track record of improving return ratios, right mix of rate-cut cycle, defensive, capex, consumption and export-oriented themes”.
The stocks Axis Securities picked
With the above-mentioned themes guiding it, Axis Securities has picked the following stocks for Muhurat trading: Gravita India, Arvind Smartspaces Ltd, Inox Wind, KPIT Technologies, HG Infra Engineering Ltd, AU Small Finance Bank, Lupin Limited, UNO Minda and the Indian Hotels Company.
Gravita India (Current Market Price: 2,174; Target: 3,000; Upside: 38%) Arvind Smartspaces Ltd (CMP: 789; Target: 1,085; Upside: 37%), Inox Wind (CMP: 206; Target: 270: Upside: 31%), KPIT Technologies (CMP: 1,690, Target: 2,150, Upside: 27%) HG Infra Engineering Ltd (CMP: 1,335, Target: 1,700, Upside: 27%), AU Small Finance Bank (CMP: 639, Target: 800, Upside: 25%), Lupin Limited (CMP: 2,132, Target: 2,600, Upside: 22%), UNO Minda (CMP: 924, Target: 1,090, Upside: 18%) and the Indian Hotels Company (CMP: 656, Target: 800, Upside: 22%).
Last year’s stock picks and performance
The stock picks of Samvat 2080 of Axis Securities provided 38.5% returns on the whole, said the brokerage. By the way, Nifty 50 has given 28% during the corresponding period. The selections made by Axis Securities were HDFC Bank (returns since recommendation 16.2%), TVS Motor Company (69.7%), APL Apollo Tubes (-2.8%), Astral Ltd (-3%), Ahluwali Contracts (India) (66.3%), KPIT Technologies (38.4%), Jyothy Labs (40.9%). Bharti Airtel (83.1%), SBI Life Insurance Company (26.3%). Please note that these returns were as on October 22, 2024.
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