My sense is 9,800 and 10,500 is the intermediate range where {the marketplace} is going to be, says Vijay Chopra, MD & CEO, Enoch Ventures.

What is your provide be informed to be had available on the market situation?
The roughly pain which we are seeing inside the markets may also be there for each and every different six months. But positive, there may also be green shoots of revival. There may also be sectoral outperformance and that may lead {the marketplace} rally. I think there are companies like Reliance that experience totally outperformed the markets inside the final three-four months. The other sector which I’m moderately bullish on is cement. I think massive companies like ACC, UltraTech, Grasim should do well. Cement is one sector where I’m moderately bullish on on account of on each and every instance we see such roughly downturns and pandemic and when the government does a lot of spending, it is principally headed into the infra space. And on each and every instance there may be spending in infra, there may be an immediate correlation between infra spending and cement. So I think that cement should do well.

The other sector which I’m moderately bullish on is the two-wheeler space. Personal mobility is going to take an important upside. We are going to appear house product sales along with international product sales emerging for companies like Hero MotoCorp, TVS and Bajaj Auto. These Three companies should do well inside the coming time. The third sector which should do well is the consumption sector, which is principally the FMCG space. Companies like Hindustan Lever, Marico, Dabur and ITC should do well. ITC has simply in recent times revealed its results and their FMCG has finished fantastically well.

Finally, pharma is one sector which has started to appear up and if persons are getting into pharma stocks, they are going to need to have a perspective of two to three years. I think the ones stocks can double up from proper right here. So there may be a lot of movement in a lot of these sectors. So I do not suppose there may be going to be an important crash from proper right here.

Yes, corrections are going to happen. We would perhaps see markets correcting even below 10,000 on the other hand they may come once more. There may also be bouts of excellence and markets are going to be rangebound. My sense is 9,800 and 10,500 is the intermediate range where {the marketplace} is going to be. It is more healthy to be in additional protected sectors relatively than be far and wide.

Finally, I’d moreover like to mention something about IT. Stocks like TCS, Infosys, HCL, MindTree can do well on account of globally we are seeing the decision for for technology products and innovations and era are going to paved the way. So era is also one sector I’m focussing on. So be focussed and be limited to positive sectors. There is money to be made even from proper right here. So normal, markets should get began looking very good inside the next six months and even in the ones six months, one should point of interest on the ones few sectors that I’ve mentioned.

Could you give us your top stock ideas for the medium to long term?

I’d suggest Bajaj Auto, which is purchasing and promoting at about Rs 2,800. If any individual nibbles into this stock at the ones levels, it is going to perhaps truly smartly move up to Rs 3,500. Hero MotoCorp should do well, which is purchasing and promoting spherical Rs 2,450. It may also be bought for a purpose of Rs 2,800-2,900. I really like Cipla, which is purchasing and promoting at Rs 639. If any individual buys with a medium time frame perspective, it is going to perhaps cross Rs 700. Similarly, Glenmark is also one company which I really like. It has spotted a stupendous rise from the lows on the other hand I think it is going to need to consolidate spherical Rs 460-450 and it can be bought spherical Rs 440-450. Then you’ll have to look forward to 600 to happen.

As I mentioned cement, I really like ACC, which trades at about Rs 1,280. It could be bought for a purpose of about Rs 1,400 inside the medium time frame. Finally, I want to suggest ITC, which trades at Rs 197. It can move up to Rs 230-240. So the ones are some companies I’m looking at and I think there may be money to be made proper right here.

Let’s construction wealth with us The Wealth Home

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here