MarketSmith s Mayuresh Joshi sees potential in PSU banks like Bank of Maharashtra, Bank of Baroda, and State Bank due to NIM expansion and strong capital adequacy. He also advises focusing on ancillary stocks in the real estate sector for growth opportunities. Joshi points out that corporate earnings have held up pretty well. Corporate leverage is probably at the lowest level.
Rajesh Palviya, of Axis Securities, says Godrej Property and BEL are promising in the real estate space. Godrej Property has a near-term target of Rs 2,450 with a stop loss of Rs 2335. BEL is consolidating and can extend momentum towards Rs 198-202. Prataap Snacks and Graphite are also showing positive trends.
“Anybody who is not invested to answer your questions can start with small tranches within the midcap IT space. We like a couple of names which we hold in our global list. Cyient we continue to like because of its diversified book, expectations of stable revenue growth and Firstsource Solutions meets a lot of our criteria in terms of revenue expectations, capacity utilisations, decent amount of DSO days and a decent amount of diversified book.”
Stocks such as Axis Bank, SBI, Tata Motors, Sun Pharma, Canara Bank, PFC, DLF, Godrej Properties, PI Industries, Aurobindo Pharma, and Dr Lal Path Labs have exhibited bullish trend on the charts, as per the analysts.
“HDFC Bank and Bank Nifty should be the key and we think as the RBI governor was very bullish, he said the best place to be is in India, I would take his words to be more credible than this present uncertainty which has been caused by this geopolitical event.”