7 stocks you must buy this Muhurat: ICICIdirect

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Muhurat Picks 2015 by ICICIdirect.comThe market has rebounded by approximately 8% from recent lows of 7540 to 8150 currently. This was led by the positive surprise from the RBI that announced a repo rate cut of 50 bps to 6.75%. A decline in global commodities aiding government’s fiscal position and corporate P/Ls on a front loaded basis would lead to a pick-up in consumer demand and kick in investment cycle in the latter half. This would benefit both operating as well as financial leverage of corporates and would reap positive earnings.Though volatility is expected to prevail on the global front as central banks across the globe recalibrate liquidity levels, India, with its higher growth rate and least political instability will continue to remain in a sweet spot among other EMs and continue to attract global investors."We expect Sensex earnings to grow 13.2% 18.5% in FY16E and FY17E to Rs 1539 and Rs 1838, respectively. We assign a P/E of 16.5x on FY17E EPS to arrive at a fair value of 30300 by September 2016 with the Nifty reaching 9100.  Hence, in our Diwali 2015 strategy, we recommend investing into quality names that have reasonable growth visibility coupled with strong balance sheets", says ICICIdirect.com research report.Muhurat 2015 picks: ITC, Bajaj Finance, Blue Dart Express, Kajaria Ceramics, Syngene International, Symphony, and PNC Infratech.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions

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