Markets have been volatile in Samvat 2072 and saw a gain of around 10%. Among sectors, the S&P BSE Metal, oil & gas, consumer discretionary, auto, realty and banking indices have been among the key gainers, while telecom, information technology (IT) and healthcare indices lost ground.
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In the past six years – from Samvat 2066 (calendar year 2010) – when the Nifty50 index surged nearly 23%, the markets have seen positive returns on four other occasions with the benchmark indices rallying between 9% - 27%. On two occasions, however, they ended weak.
Though analysts caution that markets are likely to remain volatile in Samvat 2073, they say outcome of the US Presidential elections; strategies adopted by the global central banks; corporate earnings growth in India; commodity prices, especially crude oil; and the progress on reforms, including tackling geopolitical concerns are some of the key factors that will have a bearing on the overall market sentiment.
Also Read: 5 factors that can impact markets in Samvat 2073
Also Read: 5 factors that can impact markets in Samvat 2073
Here is a quick compilation of the top stocks that leading research houses and brokerages have recommended for Samvat 2073.
ANGEL BROKING | |
Stock | Target Price (Rs) |
Axis Bank | 630 |
Dewan Housing | 350 |
Equitas Holdings | 235 |
Amara Raja | 1218 |
Asian Granito | 351 |
Bajaj Electricals | 306 |
Blue Star | 634 |
Mirza International | 113 |
Siyaram Silk | 1714 |
HCL Tech | 1000 |
Infosys | 1341 |
Jagran Prakashan | 225 |
TV Today | 363 |
BEL | 1414 |
Mahindra Lifespace | 522 |
Navkar Corp | 265 |
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KOTAK SECURITIES | |
Stock | Target Price (Rs) |
Allcargo Global | 215 |
Dish TV | 110 |
Engineers India | 335 |
Finolex Ind | 530 |
L&T | 1636 |
M&M | 1541 |
Mold-Tek Packing | 260 |
Nagarjuna Construction | 106 |
Natco Pharma | 750 |
PNC Infratech | 157 |
TV 18 Broadcast | 56 |
ICICI SECURITIES | |
Stock | Target Price (Rs) |
Exide Ind | 240 |
India Cements | 190 |
HDFC Bank | 1500 |
Jubilant Life Sciences | 795 |
MRPL | 110 |
Philips Carbon Black | 300 |
Tech Mahindra | 525 |
MOTILAL OSWAL | |
Stock | Target Price (Rs) |
HDFC Bank | 1500 |
LIC Housing | 748 |
Shriram City Union Fin | 3000 |
Bharat Electronics | 1450 |
Amara Raja | 1257 |
SHAREKHAN
State Bank of India (SBI), RBL Bank, L&T Finance, Natco Pharma, Kansai Nerolac, Finolex Cables, Wonderla Holidays, TVS Motor, Rico Auto, Zee Entertainment
RELIANCE SECURITIES | |
Stock | Target Price (Rs) |
Aurobindo Pharma | 981 |
HDFC Ltd | 1560 |
JK Lakshmi Cement | 550 |
Persistent Systems | 790 |
Pidilite Ind | 832 |
IDBI CAPITAL | |
Stock | Target Price (Rs) |
Arvind | 525 |
Nilkamal | 2350 |
Zee Entertainment | 642 |
NBCC | 320 |
AIA Engineering | 1271 |
Persistent Systems | 860 |
Coromandel Int | 367 |