New Delhi: As stock markets look to extend their bull run in the new Hindu calendar year that began on Thursday, analysts expect gains in stocks that are buoyed by economic recovery in Asia’s third-largest economy as well as in neighboring China. but will benefit from the ongoing regulatory action. .
The festival of Diwali is considered auspicious for the purchase of everything from automobiles to apartments and even stocks.
Brokerages, which traditionally issue new year picks this season, are bullish on mid-sized names this time focused on reopening business and travel activity in India.
Here are some of the key analyst picks for the festive season:
Edelweiss Wealth Research
*Indo Count Industries Limited
The fabric company exports 12% of all sheets imported by the US and has benefited from increased retail demand by more people working from home.
Disruption in China’s Xinjiang region, which accounts for 20% of the world’s cotton production, is a huge opportunity for India’s textile exporters.
* INOX Leisure Limited
India’s second largest movie screen operator benefits from an oligopoly in the business.
The company is well positioned to meet the strong demand.
Hindi-language cop drama “Sooryavanshi” collected Rs 5 crore ($6.7 million) in two days since its release on November 5.
SBICAP Securities
*KNR Constructions
There is good revenue visibility in the medium term as almost half of its orders come from irrigation projects.
The company also has construction equipment worth Rs 12 billion, which allows it to bid competitively for projects.
*EID Parry India
The Murugappa Group entity is one of the largest sugar companies in India.
The global sugar deficit strengthens the outlook for India’s sweetener producers, while EID Parry also benefits from its focus on expanding retail products such as Sweet Care.
Cholamandal Securities
* Tatva Chintan Pharma Chem
The company is India’s only distributor of chemicals used in zeolite crystals for the manufacture of detergents, air purifiers and dietary supplements.
China’s crackdown on the chemical industry and the Indian government’s push to expand through production-linked incentive schemes is favorable to the company.
*ABB India
The company is setting up an ecosystem of charging stations for electric vehicles in India, which is estimated to be a $3 billion per year opportunity.
Some state governments have announced dedicated policies to support EV adoption and have initiated tenders for charging stations.
Reliance Securities
* Kalpataru Power transfer
The company is seen as a major beneficiary of power transmission capex in global markets including India as well as the US, where the Biden administration’s $550 billion in infrastructure spending includes power grid upgrades and new transmission lines for renewable energy will be involved.
Kalpataru Power intends to monetize its four transmission line projects in India and make its balance sheet healthy.
*Ramakrishna Forgings
The company is a leading supplier of counterfeit products for medium and heavy commercial vehicles, which is expected to see a strong rebound in FY 2022 and 2023 after sharp volume declines in the past two years.
It also plans to diversify into passenger, light commercial vehicles and non-auto engineering segments.
The festival of Diwali is considered auspicious for the purchase of everything from automobiles to apartments and even stocks.
Brokerages, which traditionally issue new year picks this season, are bullish on mid-sized names this time focused on reopening business and travel activity in India.
Here are some of the key analyst picks for the festive season:
Edelweiss Wealth Research
*Indo Count Industries Limited
The fabric company exports 12% of all sheets imported by the US and has benefited from increased retail demand by more people working from home.
Disruption in China’s Xinjiang region, which accounts for 20% of the world’s cotton production, is a huge opportunity for India’s textile exporters.
* INOX Leisure Limited
India’s second largest movie screen operator benefits from an oligopoly in the business.
The company is well positioned to meet the strong demand.
Hindi-language cop drama “Sooryavanshi” collected Rs 5 crore ($6.7 million) in two days since its release on November 5.
SBICAP Securities
*KNR Constructions
There is good revenue visibility in the medium term as almost half of its orders come from irrigation projects.
The company also has construction equipment worth Rs 12 billion, which allows it to bid competitively for projects.
*EID Parry India
The Murugappa Group entity is one of the largest sugar companies in India.
The global sugar deficit strengthens the outlook for India’s sweetener producers, while EID Parry also benefits from its focus on expanding retail products such as Sweet Care.
Cholamandal Securities
* Tatva Chintan Pharma Chem
The company is India’s only distributor of chemicals used in zeolite crystals for the manufacture of detergents, air purifiers and dietary supplements.
China’s crackdown on the chemical industry and the Indian government’s push to expand through production-linked incentive schemes is favorable to the company.
*ABB India
The company is setting up an ecosystem of charging stations for electric vehicles in India, which is estimated to be a $3 billion per year opportunity.
Some state governments have announced dedicated policies to support EV adoption and have initiated tenders for charging stations.
Reliance Securities
* Kalpataru Power transfer
The company is seen as a major beneficiary of power transmission capex in global markets including India as well as the US, where the Biden administration’s $550 billion in infrastructure spending includes power grid upgrades and new transmission lines for renewable energy will be involved.
Kalpataru Power intends to monetize its four transmission line projects in India and make its balance sheet healthy.
*Ramakrishna Forgings
The company is a leading supplier of counterfeit products for medium and heavy commercial vehicles, which is expected to see a strong rebound in FY 2022 and 2023 after sharp volume declines in the past two years.
It also plans to diversify into passenger, light commercial vehicles and non-auto engineering segments.
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