In a conversation with Moneycontrol, Gaurav Garg of Capital Via Global Research said that Nifty Bank will be seen doing better in Samvat 2078. Bank Nifty has been an underperformer in the last few years. In this conversation, he further said that Bank Nifty may be seen touching the level of 48,000, showing a jump of about 20 percent from its current level.
Talking on Nifty, he said that it may touch 21,000 level by next Diwali and banking stocks will contribute more in this rally.
He further said that the bull run in the market will continue even further. However, from here we can see sectoral rotation. He further said that keeping the interest rate at a lower level, we can see a good rally in rate sensitive stocks going forward.
Talking about small-medium stocks, he said that so far small-medium stocks have outperformed the giants. The mid and smallcaps have gained a lot and their valuations are looking expensive. So, we should do some profit booking at the upper levels.
We may see consolidation in the mid and smallcaps in a few quarters now. On the other hand, largecap stocks will see stable returns in the next few years. Advising investors to keep their portfolios diversified of large cap stocks, he said.
He further said that till next Diwali, we will see public sector banks and select pharma stocks doing very well. He also said that some private banks will also do well.
Talking on the primary market, he said that the last 2 years have been very good for the IPO market and we hope to see a lot of excitement in the IPO market in the new year also. There are many good IPOs to come this year. In which very good listing gain can be found. These IPOs include LIC, NSE, Paytm and many big names. It is expected that Rs 70,000 crore can be raised from the IPO market in the new year.
Talking on the future condition and direction of the market, he further said that the market will now look at the price of crude oil, Uttar Pradesh elections and Union Budget 2022. In this conversation, he said that from the current price of $ 85 per barrel, the prices of raw materials can be seen further from here, which may adversely affect the market sentiment. Also, if interest rates rise in the US, money may flow from equities to other investment options.
Which IPO is the best between Paytm and Sapphire Foods. Responding to this question, Gaurav Garg said that Paytm’s IPO can be a blockbuster. In comparison to Sapphire Foods, good listing gains can be expected.
Gaurav Garg Preferred Stocks with a 1-Year View
The names of Gaurav Garg’s preferred stock include Maruti Suzuki and Bharti Airtel. They believe that in the next 1 year, Maruti Suzuki can cross the level of 8000 and can also touch its all-time high around 10,000. At the same time, Bharti Airtel can also show tremendous growth in the next 1 year. The company’s ARPU has reached the level of Rs 153 and its African business has also seen strong growth. It is holding above all its important support levels and is expected to rise further.
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