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Tuesday, July 25, 2017

Equity Tips

Nifty to hit 10,500 by Dec 2017! Top 10 stocks to buy when market trades at record highs

The Nifty hit a record high of 10,000 for the first time in history on Tuesday, but looking at analyst estimates for the index, 10K just look like another number. Most analysts on D-Street expects the index to rally up to 10,500-11,000 levels by December 2017.

The journey will not be as smooth which we saw so far in 2017 but some more consolidation cannot be ruled out, suggest experts but the broader trend looks intact which is still on the upside.

Investors should wait for initiating fresh long positions at current levels and re-enter on dips. Most analysts do not rule out a dip of 2-3-4 percent from current levels. But, considering the fact that liquidity remains strong, most dips will be bought into.

“We have been maintaining the bullish stance on the Indian markets for long now and expect the rally to continue over improving economic data,”

“We believe that markets can scale new heights with strong inflows, continued reforms and strong optimism in investors and consumers. We believe that 10,500 is a very much achievable level by end of the year,” he said.

For the first time this year, the market looks overbought technically and hence could shed some weight in the near term, suggest experts. If this happens it would be a healthy outcome for more investors would be able to participate who were not able to invest in the runaway market.

"Over the medium-term we see the Indian market scaling greater heights and testing the 11,000 mark and hence investors are advised to stay put and add to positions on dips of 3-5 percent,” Gautam Shah, CMT Associate Director,

The stock operates in the attractive industry with long term growth drivers and less risk of new entrants. The company is likely to see improvement in margins and together with no incremental capex requirement, we expect the company is likely to witness strong free cash flow generation.

We believe that company is likely to pay good dividends going ahead. In our opinion, this stock can be a good investment opportunity at the current valuation.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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