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    HomeNewsBusinessMarketsIndian growth recovery to gain traction in 2016: Axis Capital

    Indian growth recovery to gain traction in 2016: Axis Capital

    According to Nandan Chakraborty, midcaps are at risk as they usually do well when GDP growth surprises and/or when the broader market has run-up and pauses to catch its breath and midcaps catch up. However, both the conditions are not in place and hence midcaps remain vulnerable, he feels.

    January 25, 2016 / 09:04 IST

    Nandan Chakraborty, Axis Capital says India is less susceptible to global pain points as Indian growth recovery would gain traction in 2016.

    According to him, midcaps are at risk as they usually do well when GDP growth surprises and/or when the broader market has run-up and pauses to catch its breath and midcaps catch up. However, both the conditions are not in place and hence midcaps remain vulnerable, he feels.

    Chakraborty says importantly, once FII flows stabilise/return, large caps with better risk-reward will be back in favour.

    Large cap picks include Ashok Leyland, HDFC Bank, ICICI Bank, Infosys, Larsen & Toubro, Reliance Industries and midcap picks include Biocon, Intellect Design, Navkar, Shoppers Stop, Tata Power. Top sells include Emami, Marico and Siemens, he says.Disclaimer: Reliance Industries owns Network 18 that publishes Moneycontrol.com

    first published: Jan 25, 2016 09:04 am

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