Indian Markets have entered into an era of Conflicting valuations. Credit Suisse [CS] continues to be bullish on Capital Goods while HDFC and Citi have bearish to Neutral views on the same. Anyway, here is CS’s theme for 2008.
Category + Weightage + Rating + Preferred Picks
Private Sector banks 10.0 UW Prefer HDFC Bank and Axis Bank
NBFC 6.0 UW UW stock brokers
Real estate 6.0 OW Buy Sobha and Parsvnath
Public sector banks 5.0 OW Buy SBI, PNB, BOB
Industrials 17.0 OW Buy L&T, BHEL, Thermax, Punj Lloyd
Energy 15.0 UW Buy GAIL; Neutral Reliance and ONGC
Information technology 14.0 OW Buy Infosys, Satyam, Mindtree
Consumer staples 8.0 OW Buy HUL, ITC, United Spirits
Consumer discretionary 5.0 OW Buy Hero Honda, Educomp, Everonn
Materials 5.0 UW Neutral Tata Steel
Health care 4.0 OW Buy Lupin, Sun Pharma, Dr Reddy’s
Telecoms 3.0 UW UW Bharti
Utilities 2.0 UW Reliance Energy
Investors are recommended to research thoroughly the stocks they are BUYING [Read or Search on our site and we have very likely covered these stocks] as markets will be very volatile in the weeks leading to Historical Budge of the Union of India.
Should you need any Research Reports and Advise send an e-mail on the stock to feedback AT DalalStreet.Biz and we will try to cover as many as possible.