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The S&P BSE Utilities index rallied 20% and hit a fresh lifetime high of 4825.36 points during the month, whereas S&P BSE Power index surged more than 18% and scaled a fresh lifetime high of 5869.23 points.
Neeraj Chadawar says: “We are identifying the stocks which are contributing to the ancillary demand of the manufacturing cycle. One stock which we identified is Amber Enterprises. The next is Sansera Engineering. This is auto ancillary company and in over a year this company has de-risked its portfolio which was earlier concentrated into IC engine.”
Neeraj Chadawar says: Based on this manufacturing theme, we identified four stocks for 2024. These are Pitti Engineering, Archean Chemical, Sansera Engineering and Amber Enterprises. Our second theme is PSU banks. We believe that PSU banks are in a bright spot and they will continue their growth momentum in 2024 also and under the PSU banking theme, we like SBI
“What we were expecting for CY2024 actually came in the last one-two months itself. Another 8 to 10% is possible for next year, but double-digit returns from here on looks difficult for the next calendar year given where valuations are sitting because earning growth, we believe, next year is going to be in the low teens at best.”
Remain in effect while a ruling that found it unconstitutional is being appealed. the texas federal judge who ruled that obamacare is unconstitutional because congress eliminated the mandate penalty. since the individual mandate was upheld as a tax, the judge ruled no tax, no law. the decision has jeopardized coverage for millions on the exchange and medicaid. it threatens to eliminate popular protections like those with pre-existing conditions. we have a full day of trading ahead on wall street. looking at futures. they are up. investors will try to close out the year on a high note. 2018 w...