According to Share India Securities Ltd, a
leading stock broker, Indian Economy is all set to regain its course to
grow at 7-8% in Samvat 2074.
“Samvat 2073 has been a great year for
Indian markets. Rarely has any single year been so eventful – beginning with
demonetization – which forced nation into queues, elections in Uttar Pradesh –
which strengthened political capital of Prime Minister NarendraModi, rollout of
GST – a landmark tax reform and Nifty in 5 digits – keeping pace with record
highs” said Mr Abhinav Gupta, Vice President, Share India Securities Ltd
However, what sets this year apart is
rally in wider markets - Nifty Small Cap index rallied ~21.5% higher than
returns generated by Nifty Midacap and Nifty 50; continuous domestic flows in
face of FII’s selling – YTD average of Equity inflows of INR 225bn, led by
channeling of financial savings post demonetization, improvement in macro
fundamentals– lower twin deficit of fiscal and trade numbers.
We believe that best is yet to come for
Indian markets. India’s economy, will regain its course to grow at 7-8% after faltering
slightly over the past 4 quarters. As familiarity of GST kick in, capacity
utilization will increase leading to improvement in corporate earnings and
higher private capex. Nifty’s earning are likely to grow at CAGR of 18% - 20% over
FY17-FY20E period.
On valuation front, Nifty is trading at
P/E of 19X, 16X and 14.5X of FY18E, FY19E and FY20E earnings respectively.
While in the near term, we expect markets to be range bound driven by global
factors, fund flows, IPO market and sentiment; in long term Indian equity
market is in midst of structural bull run and portfolio of right stocks will
create significant long term wealth.
Share India has carefully chosen a model
portfolio for Samvat 2074. This portfolio is well balanced and provides opportunity
to earn higher return. The picks are largely from our key investment themes –
companies which have completed significant capex and will witness higher
utilization levels; increase in financial saving of households, increased
government spending on infrastructure development and defence, higher commodity
prices and shift in market share to organised companies.We believe Indian Oil Corporation,Larsen
& Toubro, Tata Steel, Sundaramfast,Cyient, MOIL, Trident, Granules, Mahaseamles, IGPL,
Asian Granito and Pennar Industries will outperform, he added.
About Share India Securities Ltd
Share
India Securities Ltd, engaged in the business of equity broking, investing and trading
activities, became 200th SME Company to get listed on BSE SME Platform on 5th
October 2017. The Company currently have a network of around 5 sub brokers and
173 Authorised persons registered with it in BSE and 03 sub brokers and 163
Authorized persons in NSE all over India catering to the needs of our clients.
The Company currently operates in Uttar Pradesh, New Delhi, Punjab, Haryana, Rajasthan,
Andhra Pradesh and Maharashtra. Going forward the Company plans to establish
its presence in the western and central region and intend to set up branch offices
in major cities. The emphasis is on expanding the scale of their operations as
well as growing their network across India.
The
company in addition to providing the services as a Depository Participant,
Research Analyst, Mutual Fund Advisor/Distributor, has also filed an
application with Securities and Exchange Board of India for the registration of
Company as a Portfolio Manager.
The
Company has received many Awards and Recognitions some of them are, an award
for appreciation for our contribution in the 1 crores Demat accounts opened by
CDSL. Company has been accredited with certificate for being among the top
performing members for the year 2015-16 in equity and equity derivatives
segment of the National Stock Exchange of India Limited. Company has been
accredited with certificate for being among the top performing members for the
year 2015-16 in Currency derivative segment of the National Stock Exchange of
India Limited.
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