IT LARGECAPS STOCKS
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 23%
A simple question which probably has the most complex answer. Till date which set of stocks have delivered best returns in 2024. Last year the narrative was about mid and small caps having outperformed the large caps. In the first half of 2024, there is no such narrative and no clear answer. There is historical evidence that when this happens in the next six to nine months, it is large caps which tend to perform well. This happens due to high valuation differential in mid and large caps is bound to reduce as mean reversion takes place. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
HDFC Bank, RIL among top 5 largecap additions by mutual funds in June
SBI MF, Kotak MF, Axis MF, Quant MF and Aditya Birla Sun Life MF were among the fund houses which shopped for HDFC Bank shares worth Rs 6,800 crore. At the end of June, the total number of shares held by all mutual funds in HDFC Bank stood at 154.26 crore versus 150.20 crore crore shares at the end of May.
Simple moat is good enough reason : 5 large cap stocks from different sector with right ratio matrix and upside potential of upto 38%
There are many textbook definitions of the word “ moat”. But what it means in simple terms is that there has to be something in a business and the management which makes it different from others and also helps it grow faster and more importantly on a sustained basis. It is not a very complicated thing, just a look at some basic numbers, a look at what the company management had said 5 years ago, whether it has been achieved or not. For example, in sectors where the debt is normally high because of the nature of business, a company which has been able to grow while keeping debt at a lower level is positive and is surely a moat, while if one goes by strict textbook definition of moat it might not fit it.
2 top stock recommendations from Rajesh Palviya for next week
So, the way broader market is participating, sectorial rotation is happening, now the IT is on the front seat for this rally, so the way market is doing the sector rotation that is clearly giving us confidence that ahead of budget maybe we can see further higher level towards 25,000 level also.
Nifty Top 10 Equal Weight index: Is it worth your money?
The Nifty Top 10 Equal Weight Index is a new addition by NSE, tracking the top 10 stocks from Nifty 50 with equal weights. While it may be a benchmark for asset managers, retail investors may find better diversification with existing options.
Be selective to beat this & other phases of unexpected volatility: 5 largecap stocks from different sectors with upside potential of up to 26%
One NSE circular and there is volatility across the market, before reacting to volatile moves, it is better to understand that when it comes to volatility, there are three things which one needs to take into consideration. First the magnitude of volatility. Second, the frequency of volatile movement and third which are the sectors leading it and overall market breadth during a volatile phase. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps and that too where there is strong reason. For example, a tyre manufacture, which ventured into global markets, its margins took a hit due to capex and now its expansion is paying off, or a tech major which accepted that it had faulted and now is on path of course correction.
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Nifty valuation above 5-year average, most narratives priced-in. What should investors do?
Since the June 4 market debacle when Nifty hit a low of 21,884.50, it has seen a rally largely moving towards north. The index attained a lifetime high of 24,433.20, traversing 2,560 points or 12%.
Automobile, pharma rally hits bulls’ high
Nifty and Sensex soared to all-time highs with stocks like Maruti Suzuki and Divi's Labs, driven by ₹40,000 crore mutual fund inflows. Analysts see technical resistance and possible consolidation, awaiting Powell’s testimony on rates and inflation. Sensex hit an intraday record, with the July budget and June quarter earnings as key events.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 24%
It is clear both indices, nifty, sensex and market breadth are under the control of bulls. As indices form new highs, probably we are going to see a phase, where the momentum itself becomes fuel to fresh money coming to the markets. The profit booking which may take place is likely to make index moving in sideways range. One or the other sector which forms part of the indices will keep coming and witnessing up move or down move on a rotational basis. One day IT stocks will handle the decline, other day it would be banks and the balance is maintained. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Largecap stocks getting good flows, not largecap funds: DP Singh, SBI MF
DP Singh from SBI MF discusses the latest AMFI data showing increased SIP flows in equity funds. While largecap funds show muted inflows, midcap and smallcap funds continue to receive strong investments. The market remains optimistic about future fund flows.
2 top stock recommendations from Aditya Arora
Largecaps look constructive in this backdrop and dollar index could also correct. If Fed cuts interest rate, then dollar index could correct which is positive for emerging markets like India. Hence, I remain constructive on indices, largecaps, Nifty and Bank Nifty. And I remain little sceptical in smallcaps and midcaps in the medium term.
Will small and midcap rallies continue and have more momentum vs largecaps? Vinit Sambre explains
Vinit Sambre says that given today’s valuations, incrementally investors should align to slightly longer-term thinking. Near-term could be challenging and maybe for one year, one should give up returns expectation is what I can sort of guide or warn the investors, is what Sambre says to guide or warn the investors.
IT stocks in focus ahead of June Qtr results; TCS, Cyient top buy which could give 15-18% return
The IT industry anticipates a slow start to the year with concerns over weak first-quarter performance. Mid-tier companies may see growth opportunities in 'pre-GenAI' spending. Margins are expected to be stable amid macro uncertainties. TCS and Cyient are highlighted as potential investment options.
Think largecap investing, think Exchange Traded Funds
Investing in ETFs tracking Nifty50, including Nifty50 Value 20, provides long-term stability and tax efficiency. Large Cap ETFs use market capitalization to minimize risks, with periodic rebalancing for optimal performance. Brokerage platforms facilitate investments, supporting margin trading. These strategies leverage blue-chip stocks, particularly beneficial in broad-based or bull markets, with dividend yield enhancing stock selection.
Should investors bet on large-cap pharma stocks? Alok Agarwal answers
So, I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us.
These 7 largecap stocks that just got demoted to midcap
AMFI has released the updated market capitalisation list for H2CY24. Around seven largecap stocks will be midcap stocks from August 2024.
Business first, stock second: 5 largecap stocks where management & business are better placed with an upside potential of upto 23%
What does a hospital, chemical or rather specialty gas supplier, FMCG, and real estate company have in common? Surely not the product. What binds them is the ability of management which has been tested in tough times. Another common factor, business is such that returns on investment are higher and are also consistent. The reason why these things become important at this point of time is the fact that in bull markets, there is no dearth of explanation and narrative, when putting money one has to look at one reason which becomes the focal point to avoid panic when there is correction. So, if the management and business are good then corrections will come and go and in the long term higher return would compensate for the patience which one shows in the times of correction.
Sometimes skepticism should not be first port of investing: 4 largecap PSU stocks from different sectors with upside potential of up to 29%
While a part of it is due to valuations, another part is due to doubts about whether the government will continue to focus on making the PSU a set of better run companies. If one looks at the announcements which have come in the last four weeks, there is a high probability of that happening.
Is it time to start buying IT stocks? Macquarie’s Ravi Menon explains
The IT sector anticipates growth is being driven by AI and enterprise technology spending amid concerns over interest rates and consulting demand. Companies like Tata Technologies are facing valuation challenges in the engineering services segment, contrasting with positive growth prospects for IT services, says Ravi Menon, IT Services Analyst, Macquarie.
Rahul Shah on 2 stocks that can be continuous compounder for next 2-3 years
They are still invested and their thought is that India will continue to do well and so they think that I think the banking which has been in terms of valuation cheaper than vis-a-vis a lot of other sectors and sector has been underperformer except for PSU banks.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
10 largecap stock ideas with upside potential of up to 22% from Axis Securities
Domestic brokerage firm Axis Securities states 27,000 as their bull case March 2025 target for Nifty, presuming an overall reduction in volatility and the success of a soft landing in the US market. Meanwhile, the base case target for Nifty stands at 24,600 as the brokerage firm has confidence in the current macroeconomic cycle and earnings growth. On the premise of the above analysis, Axis Securities has listed the following largecap stocks with an upside potential of up to 22% as their top picks:
Amfi stock classification: BHEL, 6 more stocks to become largecaps in H2CY2024. Check m-cap cut-off
Based on average market capitalization from January to June 2024, seven stocks are poised to join the large-cap category. The list includes two-wheeler giant Hero MotoCorp, state-run companies BHEL and NHPC, along with Zydus Lifesciences, JSW Energy, Bosch, and Cummins India.
Amnish Aggarwal on 2 top cement large-cap stocks to bet on; best buy in auto
“Mahindra & Mahindra continues to be an exception where the volume growth continues to be good, both in UVs as well as if you look at the tractors, tractors after last year's decline are turning to be positive, although the valuations are rich, if a double-digit volume growth in the PV business continues, M&M can still do well from the current levels.”
Being bullish & being cautious are not antonyms: 4 largecap stocks from different sectors with upside potential of up to 41%
There are a number of times when one hears on the street, that indices and stocks have gone so high, how much higher it can go, so forget it. Essentially the underlying feeling is that just because the nifty and sensex has moved up now it will not move so let's not invest. That is probably the worst mistake one makes because at every level, this narrative comes. When nifty was 20,000 this argument could have been made, now at 24,000 also this argument can be made and when nifty is much higher, the same argument will be made. One needs to look at the broader picture, there is no reason why one should not be bullish about India, but that does mean one should not be cautious in terms of selecting the stocks. so , continue to be bullish, also be cautious and invest in a manner that short term profit booking moves don't make you anxious.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 23%
Of the last seven trading sessions, in three trading sessions, nifty which opened with a gap or came under pressure after opening has been able to recover and ended the day in positive territory. It is a kind of rotational support coming in from different stocks and sectors. There are banks one day and then they take a back seat and industrials come to support. Is the distribution taking place or is it a kind of consolidation which is taking place and a strong directional move would emerge after the budget that needs to be seen. But in all the cases there is greater chances that it is large cap stocks which will remain in limelight. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
For volatile market conditions: 5 largecap stocks from different sectors with upside potential of up to 29%
Once again on Wednesday, there was a lesson for all who think that bull markets don't see volatility. All of sudden there was a sharp dip in Nifty and other broader market indices, except bank nifty which was trading in green thanks to the fact its largest constituent HDFC bank was trading in green. When valuations are high, volatility never gives notice before coming so one should always be prepared for it. Another point to be watched, if the frequency of the volatile phase increases and if it starts to happen every other fortnight, it might be an indication of profit booking. There is a possibility that as markets inch higher on index levels, there is some sort of rotational profit booking happening. So, it would be better to stay prepared for volatility. Another reason for staying with large caps is that valuations are high in large part of the mid and small caps and they are the ones which might lose more weight if there is any correction due to global reasons.
These largecaps have ‘strong buy’ & ‘buy’ recos with upside scope of over 19%
While one might be focussed what is happening in nifty and mid-cap space, if one looks at the recent performance of the large caps, there are a number of them which have done a catch up in just the last two weeks. When the valuation differential in mid and large caps stocks becomes extremely high, large caps tend to do well as mean reversion takes place. There is a high probability that we might see some of that happening in the next couple of weeks. Given the rotational trade which is taking place in the market, overall sentiment is likely to remain bullish. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
High conviction picks! 8 largecap stocks that can rally up to 31%
Domestic brokerage firm Prabhudas Lilladher is bullish on a few largecap stocks, which belong to different sectors such as auto, bank, and FMCG. Prabhudas' high conviction picks include HDFC Bank, Reliance Industries, ITC, and Maruti Suzuki. Here is a list of 8 largecap stocks that can rally up to 31%:
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