No doubt the valuation on the index has moved up from 19 to 26 P/E, so the index might look expensive but again pocket of opportunities exist in various sectors and companies.
The valuation picture currently looks little stretched by all means. Is it fair to call this market a ‘buy on dips’?
No doubt the valuation on the index has moved up from 19 to 26 P/E, so the index might look expensive but again pocket of opportunities exist in various sectors and companies. So it's surely a buy on dips market but at the same time if you get good business at attractive valuation today then one should buy it.
2017 has been a great year for Indian equities as the market grew by around 25 percent. Do you see same kind of rally in 2018 also and what is your Nifty target for December 2018?
As we move to 2018, what are your 4 best picks for 2018?
The company sells footwear under the red tape brand and is doing well recently. Their strategy is aligned towards selling more in the domestic market rather than focussing on exports !
This augurs well as the margins in domestic business is very good . They are also expanding into new segments like sport shoes and women's footwear so this will help the company to target a larger set of population we expect company to post good growth and good profitability going forward.
Pondy Oxides
Company is the business of lead processing as global lead mining bans exists in many countries and some countries have ban lead processing due to pollution . This offers an unique opportunity to the Indian lead processors. Pondy has a descent capacity and is financially and operationally well managed company. We expect company to post great set of earnings going forward
DHFL
It is one of the leading housing finance companies with a very low valuation compared to its peers! Last year the company has raised huge capitals and competitive rates we expect the company to keep on posting good earnings growth and profitability and hence we expect he stock to double from current levels in 2018 due to convergence of the valuation gap with peers and due to growth in the segment
Bajaj Finserv
Company is poised for growth as the company's life insurance business has picked up in a very nice way , company holds stake in Bajaj Finance which he done well over the past years. We expect the insurance sector to do well and hence Bajaj Finserv is a good bet for a long term.
MORE WILL UPDATE SOON!!
0 comments:
Post a Comment