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9/28/2017

Markets too expensive but yet, correction brings a lot of opportunities.

It is essential to be cautious now, since Nifty has tanked upto almost 400-450 points in the previous few sessions.
Currently the Indian Markets are trading at 24 times their P/E. We are exploring other emerging markets like Russia, Brazil, etc.
One bad news can trigger other downward rally. On the contrary, the money pulled out in the previous sessions was dominantly by FIIs and Emerging Market Funds.
Since China was recently downgraded, it leaves the institutional players with one primary market namely India.
Currently we are only looking for companies with solid order book, strong fundamentals and steady growth.
I will mention a few trends and themes that we are looking upto:
Finance: JM Financial, IIFL Holdings and Geojit Finance
Energy (Non-Conventional): Schneider Electric Infrastructure, JSW Energy and Tata Power
Automobile: Ashok Leyland, Goldstone Infratech, SML Isuzu
Automobile Components: Minda Corp, Porwal Auto
Agro: Nath Bio-Genes, Meghmani Organics, Sharda Crop
Retail: Future Consumer, V2 retail, Vmart Retail, LT foods, Heritage Foods
Other noteworthy mentions: Sadbhav Engineering, Ramco Systems, ITD cementation, Ram Ratan Wires, Sical Logistics, Gravita India.
Pharma: Natco, PSP pharma, genysis

2 comments:


  1. Thanks for sharing such a useful and informative post like this. Keep updating more updates like this.
    Capitalstars

    ReplyDelete