Sensex record highs! Top stocks to buy which could give up to 30% return in 12 months
If you are in equity markets for
the long haul then rest assured this rally has more legs and Nifty is well on
track to hit Mount 11K.
Indian market scaled to a fresh
peak on the first trading day of November and is all set to hit fresh peaks in
the next 12 months. Financials which have a weight of over 30 percent in the
benchmark indices are leading the rally on D-Street.
Making money in equity markets is
tough and especially when the markets are trading at record highs. The next
basic question to hit investors’ mind is to book profits or hold on for better
returns?
Well, the answer lies in your
risk profile. If you are in equity markets for the long haul then rest assured
this rally has more legs and Nifty is well on track to hit Mount 11K. But, if
you are a trader then intermittent profit booking might not be a bad idea.
Earnings recovery will prove to
be the make or break level for the Indian market. If earnings fail to play
catch up then Indian markets will start looking expensive and we could see some
course correction in the market, suggest experts.
“We are of the opinion that Nifty
is likely to end the calendar year 2017 with more than 25 percent gains for the
year. It is our thesis that FY19 and FY20 earnings will grow at 20% CAGR,”
Devarsh Vakil, Head – Advisory (Private Client Group), HDFC securities told
Moneycontrol.
“The Nifty may post EPS of Rs 693
for FY20, based upon that~15x earnings. If numbers fructify market doesn’t look
that expensive. If earnings do not come through we may see a larger correction
otherwise we rise in earnings will make markets look reasonable again,” he
said.
Benchmark indices might not be
able to give double-digit return from here but there are plenty of
opportunities in stock specific names.
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