Samvat 2074: Experts’ advice what to bet on; like infra, NBFCs

A day before the Diwali break, market snaps its 4-day gaining streak – the Nifty closes just above 10,200 as bank stocks led by Axis Bank drag. For Samvat 2073, Nifty gains 18 percent and Sensex gains 17 percent.

The 30-share BSE Sensex was down 24.81 points at 32,584.35 and the 50-share NSE Nifty fell 23.60 points to 10,210.90.

Charting the outlook for the market post Diwali, Ashwani Gujral of ashwanigujral.com says as long of levels of 10175-10185 on Nifty holds, there could be more upside. For the moment the range seems to be 10175 to 10250. The fact that banks have been correcting makes it difficult for Nifty to surge higher, if that correction stops in banks then Nifty could regain its ground when the market opens on Monday, feels Gujral.

According to Dilip Bhat, Joint MD, Prabhudas Lilladher, it is still a stock specific market. In this kind of market one can look at infra space, where the government is likely to give a push. This sector can have a multiplier impact in the economy, in terms of purchasing power etc., says Bhat. In that space, Larsen and Toubro looks interesting over a one-two year's period. Others like Sadbhav Infra and RPP Infra look good.

Bhat says he would also look like Lupin and Aurobindo from the pharma space. Within NBFCs, names like Capital First besides Indiabulls Housing Finance and Bajaj Finance looks good.

For Samvat 2017, Sudip Bandopadhyay says one could look at Bharat Electronic, which is expected to do good from Government of India's make India effort in defence. It is an engineering electronic company.  It is one of the best performing PSUs with strong balance sheet and hardly any debt. Could see 20-25 percent upside in a year’s time.

One could also look at SP Apparels, says Bandopadhyay, adding that the company is into niche segment of infant and children wear and is a great buy. On financial side, he likes AB Capital and Capital First.

In the same interview SP Tulsian and Prakash Gaba of prakashgaba.com also shared their views on various stocks.

For the entiere discussion, watch video