Increased cases of corona have led to increased market fluctuations. The market has lost about 5 percent from its high of February 2020. FIIs are also wary of the second wave of Corona in India. FIIs sold 12000 crore rupees in the month of April.
Explain that FIIs had been shopping for 6 consecutive months. However, the market is being supported by domestic funds. 11,300 crore has been purchased by domestic funds in the month of April.
Market experts say that cases of Covid-19 are expected to reach peak soon. Hence, the market may remain sideways but there is no possibility of major fall in it. Once the corona cases reach their peak, then the corona curve will begin to become flat. After that, there will be a fast recovery in the market. Keeping this in mind, experts recommend that you include quality stocks in your portfolio in case of any major fall.
Amit Jain of Ashika Group Says that every fall is a good buying opportunity. This decade will be India’s decade till 2030. In the current market conditions, investors are advised to invest in installments intermittently. Long-term investors should invest 20% of their investment in equity at this time.
Here we are telling you 8 such stocks in which market giants are advising to bet on this decline.
Investment advice by Rusmik Oza of Kotak Securities
Escorts – The tractor industry is expected to grow strongly in FY22 due to the normal monsoon forecast. Apart from this, construction equipment and railway business will also see good growth. In the next 2 years, the earning growth of escorts can be in double digit.
ICICI Bank- It is expected that ICICI Bank will recover faster than other banks due to injury caused by the wave of Covid-19. The bank’s loan growth and NIMs have been strong in the fourth quarter of FY 2021. This sequence will continue even further.
L&T- The company will benefit from the government focus on infrastructure. The company will also get strong support from overseas markets and defense sector.
ICICI Prudential Life Insurance- The company will see strong growth in FY 2022 due to channel diversification and new initiatives on the product front. Further, the company’s New Business Value (VNB) and Embedded Value (EV) can also see a growth of 15–19 per cent and 8 per cent. Currently, this stock is available at a much lower price than its peers.
Infosys- Infosys Has given a very good revenue and margin guideline for FY 2022. It is expected that the company’s earnings will grow at a rate of 15 per cent in FY 2022 and 16.2 per cent in FY 2030. Further, we can get good returns in this stock.
The likes of market expert Ambareesh Baliga
Ambareesh Baliga Ki Jindal Steel & Power, Praj Industries And Indian Railway Finance Corporation It is advisable to invest in. Ambareesh Baliga says that once the case of Covid-19 reaches peak, we will see a recovery in the market and economy and its impact will be seen on these stocks.
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