Click it and Unblock the Notifications
Some of these stocks have seen a phenomenal run. NCC has rallied more than four fold from levels of Rs 16.50 seen in Sept 2013 to the current levels of Rs 63. IRB Infra, Larsen and Toubro, Gammon Infra and Gammon India have all seen their share prices almost doubling.
Investors are also beginning to bet on power and power utilities as well. Stocks like NTPC, Power Grid, Power Finance have all had a spectacular run.
Other set of stocks that are set to see a phenomenal run is likely to be the PSU banking space. Most of these stocks have nearly doubled from their September lows, but, analysts believe that there is a possibility of further upside and the reason is two fold: First, the new government may infuse fresh capital into the PSU banks and second is that non performing assets may fall as economic growth accelerates under the Narendra Modi government.
At least another 10-20 per cent upside cannot be ruled out in these stocks given the optimism of a stable government that lies ahead.
The one set of stocks that investors could sell is the IT pack which is likely to see some profit booking on a sharp appreciation in the rupee. The rupee has rallied sharply against the dollar on the hopes of a strong government led by Narendra Modi at the centre.
A further appreciation in the rupee is likely to hit IT companies badly, some of which have not been the best performers in recent times.
GoodReturns.in
More From GoodReturns
Intraday Stocks To Buy Today, March 25: Top Picks By Anand James of Geojit Investments On Wednesday
Defence Stock Apollo Micro Systems In Focus On Adding 11,696 New Shares; Details Here
Rs 3.25 Dividend & Rs. 429 - 435 - 441 Targets: Is PSU Stock PFC A Worth Buy?
Steel Stock Gains 5.14% On Getting NCLT Nod For Key Merger; Do You Own?
Park Medi World Completes Major Healthcare Acquisition; Nuvama Is Bullish For Rs 280 Target
NBFC Stock Likely To Be In Focus On Monday As Brickwork Assigns A1+ Rating To Rs 540 Cr Commercial Paper
1:1 Bonus Issue: Record Falling On Next Week; Buy The Stock Today?
Dividend Paying Miniratna PSU Stock: Record Date Just 1 Day Away For Rs 2.03; Buy Balmer Lawrie Investments?
Paisalo Digital Allotted Rs 51,000 NCDs At 9.25% Coupon Rate; Here’s What You Need To Know
Intraday Stocks To Buy Today, March 19: Top Picks By Anand James of Geojit Investments On Thursday
Godawari Power & Ispat Increases Stake In Godawari New Energy To 100% After Share Conversion
Sign in with Google