ICICIdirect.com has recommended State Bank of India, Wipro, Bajaj Auto, Bajaj Electricals and Entertainment Network India as its Muhurat 2013 picks.
ICICIdirect.com's Muhurat picks 2013
H1CY13 turned out to be a dull year for domestic equities. The 8 percent de-growth in cumulative earnings for Sensex companies in Q1FY14 portrays a worrisome forecast for the rest of the year after five-year CAGR of 9 percent as GDP growth and ensuing forecasts slump to record lows. Scare of a 1991 like crisis, as exhibited, in the volatile |/$ exchange rate coupled with depleting growth has skewed investor’s preference for quality stocks resulting in a divergence in stock and sector performances. Capital intensives and industrials have been losing their dominant stature with contribution in Sensex EPS declining from 55 percent in FY09 to 36 percent in FY13. This is also reflected in their underperformance on the bourses (albeit some short-term rallies have come in this sector on the back of investors pinning their hopes on the fact that some relief may come through)
Muhurat trading picks
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