Looking for quality portfolio picks? Here are 15 stocks that are a buy after recent fall

The recent fall is an opportunity to add quality stocks in portfolio which are expected to give smart return over a period of 12-18 months, experts said.

The correction in last one-and-half month was so brutal that benchmark indices hit six-month low, falling more than 12 percent each and broader market saw cuts of 15-18 percent.

Sharp rupee depreciation, rising crude oil prices, trade war woes, higher US bond yields, IL&FS-led liquidity crisis fears in the NBFC space and a surprise rate pause by RBI dented investors sentiment.

After such a steep correction, the market has been volatile in October, which suggests that Q2 earnings season and state elections would be closely watched by investors for further direction, experts said.

But the recent fall is an opportunity to add quality stocks in portfolio which are expected to give smart returns over a period of 12-18 months, experts added.

"Volatility is likely to prevail going forward with crucial state elections scheduled during November/December 2018 along with quarterly results even as valuations have come down to attractive levels for various stocks," Teena Virmani, Vice President – Research at Kotak Securities told Moneycontrol.

She said ideal approach is to use this volatility to add stocks that are likely to benefit from currency depreciation as well as healthy growth in respective domains (IT and pharma), consumption growth as well as various defensives that have corrected in recent months and are now available at attractive valuations.

Raghvendra Nath of Ladderup Wealth Management also said it is time to re-look at the stock portfolios for people who have direct equity exposures. "The panic has resulted in the highest quality stocks also falling as much as bad quality. This is an excellent opportunity, therefore, to shift from low quality stocks to high quality."

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