Sustainable boom in global technology expenditure, the revival of local housing demand and rebounding in bank revenue is expected to be one of the main drivers of the increase for the Indian stock market this year.
Analyst remained bullish, projected an increase of around 15 percent for the NIFTY 50 NSE index for the next 12 months, according to the selling side estimation compiled by Bloomberg.
It is above the 138 percent gauge of rally from low March 2020, the best performance among the world’s main equity markets for this period.
Analysts see the size of Indian stocks up more than 10 percent over the following year even though there are some concerns about high assessment and gradual advantages to easy money policies, Indian benchmarks are among the leading advantages in Asia so far in 2022 with more progress than 4 percent.
Here are the top sectors and stock picks, according to some leading brokers: Technology Gauge of 10 national software providers has more than three times the low pandemic, because the crisis spurred the transformation of the business world.
While the leading IT companies in India wrestle with a higher increase in wages and sliding levels in the middle of demand for talent, analysts say strong demand for new technology will continue.
“Digitalization has meant that Indian IT companies grew at the fastest speed seen over the past decade,” Santosh Kumar Singh, research head in Motilal Oswal Asset Management Co, wrote in a note.
“This theme might remain one of the dominant.” The top choices include Tech Mahindra Ltd, Infosys Ltd, Consultancy Services Ltd.
and HCL Technologies Ltd.
The bank participated in the multi-year credit crisis that was exacerbated by Economic Hit Covid-19, analyst estimated the worst has passed for the quality and loan of lenders.
“Banks have focused on the strengthening of the balance sheet,” continues to build their provisions, Pankaj Pandey, research heads in ICICI Direct, wrote in a note.
“The retail segment has become the main driver of selfake credit and will continue to remain so, coupled with agriculture and micro, small and medium-sized business segments.” Top Options Including Indian State Bank, ICICI Bank Ltd and AXIS Bank Ltd.
Real Estatethe Pandemi triggered correction in property prices in India even as a work-of-home trend to help increase demand for home ownership.
Lockown that strictly encourages small and marginal players, and expands the market for strong developers.
“Today’s affordability is at the best level we have seen in the last 20 years and widely, we see the creation of employment in the economy that supports the thesis well,” Mahesh Nandurkar, research head at Jefferies India Pvt., Told Bloomberg Television.
last week.
“We are in a supercicycle economy driven by housing for the next five years.” The top choices include Godrej Properties Ltd, Oberoi Realty Ltd, Suneck Realty Ltd, Phoenix Mills Ltd and Prestige Estates Projects Ltd.
The pharmaceutical health care sector is expected to remain focused because the world continues to deal with Coronavirus.
“Outside pandemic, we expect an increase in the core business, driven by better executions in product approval and regulatory permits, especially from the US FDA,” Saion Mukherjee and Neelotpal Sahu, analyst at the Nomura Financial Advisory and Securities (India) Pvt, wrote at A note.
The top choices include IPCA Laboratories Ltd, Max Healthcare Institute Ltd, Gland Pharma Ltd, Cipla Ltd, Sun Pharmaceutical Industries Ltd and Aster DM Healthcare Ltd.
Brokers surveyed for top picks in various sectors include: Nomura, Jefferies, YES Securities, YES Securities, YES, Securities HDFC and ICICI directly.
Tech, the banking name among the hottest Indian picks
