5 money-making ideas in this market from Motilal Oswal Research

ICICI Bank, Emami, Hindalco among top picks

Continued inflow in domestic funds, benign interest rate environment, stable currency coupled with favorable global cues is driving markets higher. Anxiety in global markets over North Korea has tapered off. Meanwhile India has received Rs 20,000 crore of inflow in domestic mutual funds in Aug’17 – an all-time high.  

We believe while valuations are not euphoric, they are rich vs. long period averages and therefore support from earnings pick up is critical to sustain these valuations, going forward. We prefer large-caps to mid-caps owing to valuation gaps. Earnings visibility and valuation comfort are key determinants for our preferred ideas.

ICICI