NDA win impact: HUL, HDFC Bank among 31 stocks ideas likely to bounce back

Portfolio allocations and future policies of the NDA govt will be a key determinant of market movements, said a report by Prabhudas Lilladher

31 across like , , pharma/hospitals, , capital goods, commodities, telecom, durables, etc. may likely see a bounce back after a weaker than predicted NDA victory, says domestic brokerage firm .

Given expected focus on and normal monsoons, sectors like consumer, auto, , private banks, durables etc. might come to focus, wherein the domestic brokerage stated that it had recently increased weights in model portfolios.

Here is a sector-wise list of stocks recommended by analysts at Prabhudas Lilladher:

FMCG: , , , , , Emami, Varun Beverages

Auto: Eicher, , M&M, Maruti Suzuki

Pharma/ Hospitals: Sun, Max Healthcare, Lupin, Jupiter Hospitals

Private Banks: , Kotak, Axis and ICICI Bank

Capital Goods: Siemens, ABB, Elantas Beck, Timken, Hitachi Energy, GE T&D

Commodities: Hindalco

Consumer Durables/ Telecom/ Others: Havells India, Bharti Airtel, Delhivery, Astral, Crompton Consumer

“We believe portfolio allocations and future policies of the NDA govt will be a key determinant of market movements,” said a report by Prabhudas Lilladher.

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The domestic brokerage firm believes that the severe jolt to BJP in Uttar Pradesh (new PDA social engineering), Maharashtra (fractured parties) and West Bengal will keep tricky reforms regarding PSU divestment, GST, labor laws, agriculture, modern retail/ Ecom at bay.

With elections around the corner in several major global economies, including the USA, it is recommended that one should watch out for the likely stand of the US Fed and other central banks while incremental re-rating in PSU, capital goods, infra, defence, and railways etc. looks unlikely given stretched valuations until policy clarity emerges.

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

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Source: Stocks-Markets-Economic Times