There will be income growth in industrial sector, auto sector, cement and pharma sector. Dheeraj points out that large-cap stocks offer better returns.
A large cap index will outperform mid or small cap indices with higher earnings growth and relatively better value.
At the same time, this is because investors are confident that the election results will not lead to major moves in the market and that the BJP will retain power after its resounding victory in the state elections. Political stability will favor the market.
He points out that inflation will come down to 2.5 percent in the second half of the new year. Shares in banks, industrials, real estate, power, automobiles, pharma, OMCs, gas and capital markets will advance, HDFC Securities pointed out.
In brokerage listed stocks. Holdings include Infosys, Axis Bank, GAIL India, Adani Ports & Ses, JSW Steel, Grasim Industries, Bajaj Finserv, InfoEdge (India) and Pdlight Industries.
(Investment in stocks carries high risk of loss. This article is not a recommendation to invest in any stocks. Readers should invest in stocks at their own risk)
