Nifty ended at a record high in the last week as strong domestic macro data offset mixed global cues. The upcoming week will see the Federal Reserve announcing the policy decision, which will shape the market direction. In this context, here are 10 momentum picks from Siddharth Vora, Head of Investment Strategy and Fund Manager–PMS, Prabhudas Lilladher.
2/11
IRFC | CMP: Rs 78.1
The stock's 1-week, 1-month, 3-month, 6-month, and 1-year returns have been 27.64%, 61.04%, 201.10%, 325.46%, and 478.99% respectively, outperforming the NIFTY 500 Index by 25.89%, 57.51%, 186.34%, 293.64% and 450.62%.
iStock
3/11
BSE | CMP: Rs 1,262
The Mumbai-based premier stock exchange has demonstrated strong momentum over the short-term as well as long-term. The stock's 1-week, 1-month, 3-month, 6-month, and 1-year returns have been 43.35%, 90.41%, 286.53%, 456.07%, and 262.02% respectively.
ETMarkets.com
4/11
Mazagon Dock | CMP: Rs 2040
Headquartered in Mumbai, this 90-year-old shipyard manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling.
IANS
5/11
PVR Inox | CMP: Rs 1780
Over the past 1-week, 1- month, and 3-months the stock generated returns of 36.15%, 71.85%, and 119.64% respectively, and alphas of 13.99%, 54.47%, and 78.29% respectively.
Agencies
6/11
KIMS | CMP: Rs 2098
Its 1-week, 1-month, 3-month, 6-month, and 1-year returns have been 77.81%, 65.78%, 112.64%, 204.4%, and 243.6% respectively, generating an alpha of 60.91%, 53.36%, 79.71%, 140.49%, and 193.21% respectively.
ETMarkets.com
7/11
J&K Bank | CMP: Rs 105
The stock’s 1-week, 1-month, 3-month, 6-month, and 1-year returns have been 15.77%, 65.09%, 148.43%, 201.51%, and 411.67% respectively, outperforming the NIFTY 500 Index by 13.03%, 60.2%, 130.19%, 165.04% and 384.83% respectively.
IANS
8/11
Ramkrishna Forgings | CMP: Rs 692
Over the past 1-month, 3-months, 6-months, and 1-year, the stock generated returns of 62.54%, 200.23%, 395.56%, and 635.29% respectively, and alphas of 54.84%, 177.64%, 352.38%, and 600.95% respectively.
iStock
9/11
BLS International | CMP: Rs 270
The stock's 1-week, 1-month, 3-month, 6-month, and 1-year returns have been 14.74%, 44.99%, 150.15%, 201.05%, and 273.64% respectively, generating an alpha of 4.9%, 36.94%, 127.11%, 158.61%, and 243.92% respectively.
iStock
10/11
Genus Power | CMP: Rs 271
Over the past 1-month, 3-months, 6- months, and 1-year, the stock generated returns of 65.61%, 232.81%, 351.05%, and 410.38% respectively, and alphas of 60.88%, 218.96%, 320.49%, and 382.39% respectively.
ETEnergyWorld
11/11
Ircon International | CMP: Rs 147
The stock's 1-week, 1-month, 3-month, 6-month, and 1-year returns have been 14.25%, 47%, 126.47%, 280.04%, and 423.75% respectively, outperforming the NIFTY 500 Index by 11.52%, 39.92%, 105.67%, 246.16% and 395.98% respectively.
