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Sensex basking in glory, These 10 stocks could give up 10-37% return in 1 year
Experts said investors will be better off betting on stocks that are showing growth momentum and those that will benefit from the spending push by the government ahead of elections.
The Sensex closed at a record high on Thursday but the moot question is whether the momentum will continue. The answer lies in multiple risks that the Indian market may face in the next 6-12 months. The valuation quotient still remains a concern for small and midcaps. However, large caps are relatively better priced, suggest experts.
Higher crude oil prices, falling rupee versus the dollar, escalating trade war tensions and political uncertainty are some of the factors which might cap the upside. Small and midcap stocks to are still not out of the woods. Experts said investors will be better off betting on stocks that are showing growth momentum and those that will benefit from the spending push by the government ahead of elections.
Markets are trading at all-time highs despite a lot of headwinds like trade war tensions and rupee depreciation against the dollar. This really is majorly fuelled by very few stocks like HDFC Bank, Kotak Mahindra Bank, Reliance Industries, Housing Development Finance Corporation (HDFC) and Tata Consultancy Services (TCS). However, the broader market is still not out of woods as the midcap and smallcap indices are trading far lower from all-time highs.
Jani added that investors should be selective in this market as valuation are little stretched and buy those stocks where earnings are strong and growth visibility exist.
Source-www.moneycontrol.com
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