Hindalco, HUL among 24 stock ideas from Yes Securities as market may be resume northward rally

24 stocks across 8 sectors are in the conviction list of domestic brokerage Yes Securities which says that historical data suggests markets tend to perform well after the election results.

24 stocks across 8 sectors are in the conviction list of domestic brokerage which says that suggests markets tend to perform well after the .

Here a list of the above mentioned :

Auto:

Building Materials: ,

Durables: Voltas, Amber, Symphony

Consumer Staples: Dabur, Hindustan Unilever, Marico, Britannia, Gille

Metals: , JSW Steel

Oil & Gas: Oil India, GAIL, HPCL, BPCL

Pharma: Alkem, Torrent Pharma, Indoco Remedies

SFBs and NBFCs: , Shriram Finance

Bull run intact! Mark Mobius predicts Sensex hitting 1 lakh under Modi 3.0

The shocker in election results has made investors wonder whether India will remain FII favourite among all emerging markets. Billionaire investor Mark Mobius says FIIs are not going anywhere and won't derate India because the long-term growth story is intact, and they want to diversify away from China. He also says Sensex can hit the 1 lakh mark in less than 5 years.

“Given the market multiples, another 10% correction cannot be ruled out. However, the adjustment due to the election results is now complete,” says Hitesh Jain, Lead Analyst at Yes Securities.

Historically, post elections, markets have performed well over 6-12 months, which is depicted by the table below:

NDA forming a was not the most favorable outcome the stock market had hoped for and in this new scenario, a lower is necessary to account for coalition government risks and their impact on the reform trajectory.

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Despite the recent adjustments, the domestic brokerage states that it does not believe this marks the end of the

“This is not the time to pay high premiums for stocks or to buy solely based on the hope of future reforms,” Jain added.

Historical market trends, continuity of ’s regime, productive government expenditure, FII investments and market corrections among other reasons present an encouraging picture for the Indian .

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Source: Stocks-Markets-Economic Times