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7 Largecap Stocks To Buy As Recommended By Motilal Oswal
Broking firm, Motilal Oswal has come-up with The Eagle Eye September 2021 report in which it highlights several large and midcap stocks as its preferred picks. The report has also noted that India has outperformed emerging markets.
7 preferred largecap stocks to buy from the Eagle eye report
| FY 2022 (E) EPS | FY 2023 (E) EPS | Current market price | |
|---|---|---|---|
| Infosys | 52.6 | 65.6 | 1693 |
| HUL | 38.4 | 47.5 | 2770 |
| ICICI Bank | 30.8 | 39 | 720.4 |
| SBI | 39 | 50.4 | 432 |
| HCL Tech | 49.3 | 58.9 | 1179 |
| Ultratech | 237.5 | 305.7 | 7970 |
| Titan | 17.8 | 29.9 | 2031 |
Nifty valuations remain at a premium
According to Motilal Oswal, India has outperformed the emerging market index and has posted highest gains in Aug'21. "The Nifty outperforms Midcap and Smallcap index for first time in CY21 and Defensives lead gainers on IT/Consumer outperformance," the brokerage has said.
According to the India Strategy- The Eagle Eye Report by Motilal Oswal Financial Services, the Nifty crossed the 17,000 points mark in August of this year, putting India ahead of emerging market and global peers.
"From the lows in March of this year, global equities markets have increased by 75% in market capitalization to USD 119 trillion. While closely tracking the reduction in real yields, Bank Nifty has lagged Nifty. As top 100 firms gain from cost efficiency and pricing power to enhance EBITDA margins and profits, big corporations are getting bigger. The first quarter of FY22 earnings season has broadly met expectations, with cyclicals leading the way.
GDP- 1QFY22 Real/Nominal GDP increased by 20.1 percent /31.7 percent YoY, helped by a soft 1QFY21 base. Investment and private consumption were sharp contributors to economic growth. Macro Trends- Government gross receipts as % of BE at multi-year high while fiscal deficit is at multi-year lows. In the months of July and August, the south west monsoon was in short supply. COVID-19 active cases fell to 387k in August of this year, with vaccination rates increasing to 6.1 million per day in August vs. 4.3 million in July," the brokerage has said.
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only and has been taken from the report of Motilal Oswal Financial Services. Be careful while investing as the Sensex has now crossed 58,000 points.
