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Nifty to remain volatile but 12 top stocks can give up to 47% return

Here is the list of 12 top stocks that can give upto 47% return over 12-15 months period.

March 22, 2018 / 16:20 IST
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Sunil Shankar Matkar Moneycontrol News

The market has been rangebound after the recent sharp correction of around 10 percent from record highs. Though the markets look in oversold territory it does not mean a sharp recovery is on the cards.

It is expected to be volatile going ahead and further correction could not be ruled out due to political developments as many state elections are lined up in the year ahead followed by general elections 2019, experts suggest. Apart from Indian politics, global cues like expectations of further Fed rate hikes and easing of monetary policies by several central banks will also be closely watched.

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Saurabh Mukherjea, CEO of Ambit Capital believes that while valuations are better than January 2017, the market is still 10-15 percent overvalued.

“Sensex at 30,000 could be fair value for the market,” Mukherjea, CEO of Ambit Capital told CNBC-TV18 in an interview. Having said that, he expects this moderation in the momentum to bring in some degree of FII buying, he added.