Themes like house building, tiles, sanitary ware could become multibaggers, said Vinay Khattar, Associate Director and Research Head, Edelweiss Broking.
The bulls were in charge again on Dalal Street with both the indices closing at record highs. Nifty touched the 10,750 market and the Sensex gained 250 points 34843. The upmove was led by Nifty Bank.
Vinay Khattar, Associate Director and Research Head, Edelweiss Broking said the market rally has been on for a long time and the last 12 months have been exceptionally good for investors led by domestic liquidity.
According to Khattar, the domestic flows in the last 12 could be compared to the flows over a decade into the market, adding that next year will also likely see equal amount of domestic liquidity into equity markets. The international flows will also improve, he said.
Overall, it is a roaring bull market and rallies in equities, metals, commodities is likely to continue going forward too, Khattar said.
On the earnings front, FY19 could see corporate earnings returning said Khattar. Moreover, exports too would come back. Therefore, lot of engines would be firing at the same time.
The house is of the view that themes like house building, tiles, sanitary could be multiyear, multibagger themes and could give handsome returns even from the current year.Other fundamental and technical experts SP Tulsian of sptulsian.com, Mitessh Thakkar of mitesshthakkar.com, Mayuresh Joshi of Angel Broking and Neeraj Deewan of Quantum SeuritiesP