There has been a strong rally in the last 1 year. Sensex and Nifty have been seen making new highs during this period. Nifty has given more than 40 per cent returns during the last one year. Other sectors have also not lagged far behind. There has been an all-round rally in the market. The stock market has seen a huge influx of retail investors and record demat accounts opening in the last 1 year, which has brought in huge liquidity to the market. Now we are about to enter Savant 2078. The good sign is that the market sentiment is still good. On this occasion, Moneycontrol spoke to the market stalwarts on the 1-year outlook ahead and tried to know from them which sectors will be in the limelight in Sawant 2078.
Talking to Moneycontrol, Neeraj Chadawar (Neeraj Chadawar) of Axis Security said that Savant 2078 will be the year of balance sheet leverage. This year we will see good growth in the profits of the companies. He also says that the future of the Indian equity market is very good. In the next 2 years, the earnings of Nifty will see a growth of more than 20 percent.
They say that in Sawant 2078, there will be a boom in the housing, banking sector. He also says that going forward mid and smallcap will also do well. Along with this, the travel and tourism sector will also be in the limelight due to the reduction in corona cases and the spurt in the vaccination drive. He also says that since the government is increasing spending on infra, there is an expectation of a rise in infra stocks going forward. They have long-term investment advice on companies doing business in the field of digital and cloud technology.
Vinod Nair of Geojit Financial Services It is said that the FMCG sector will perform very well in the coming year. Strong demand from rural areas, good monsoon, increase in MSP and improvement in demand from urban areas are some of the factors that will support the FMCG sector. He also says that laser travel and tourism stocks will benefit with increasing corona vaccine coverage in the country and decline in covid cases. Hotel shares will also benefit from this.
Talking on the pharma sector, he said that the long term outlook of this sector remains strong. Once the consolidation is complete, pharma stocks will see a rally. Apart from this, Vinod Nair is also bullish on power stocks. He says that companies that are focusing on renewable energy will benefit.
Deepak Jasani of HDFC Securities Says that there is still a lot of power left in PSU stocks. Going forward, we will get to see a boom in both public and private banks. Apart from this, auto and capital goods may also do well in the new Savant.
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