With the market almost at all-time high and gearing-up for Diwali, G Chokkalingam, Founder & Managing Director of Equinomics Research & Advisory shares his stock ideas. His top Diwali picks are Cochin Shipyard, SML ISUZU and Bombay Stock Exchange Limited (BSE). From the automobile space he also likes Mahindra and Mahindra.
He is bullish on Cochin Shipyard and believes it could be a wealth creator. The company is a thematic play on defence with a strong balance sheet and has a growing repairing segment, says Chokkalingam.Insight 18 | Samvat 2074: The Story Behind Muhurat Trading
SML ISUZU has a diversified geographical presence, and JV with a Japanese company. It supplies buses to schools and Chokkalingam expects there to be lot of demand for high-tech school buses.
He likes M&M because it has not rallied like others in the laergecap automobile space and has huge growth potentoial. He is also upbeat on their foray into electric vehicle space.
BSE Ltd has also not rallied since its listing but they are sitting on lot of cash, says Chokkalingam, adding, they have also set up platform in GIFT city, SMEs. Moreover, in next 3-5 years the increased number of penetration into the stock market in terms of number of investors and stocks being listed will bode well for the stock. There is also possibility that when NSE gets listed, BSE could get re-rated, he adds.For full interview, watch video