Ambit favours banks, metals and EMS stocks while being bearish on IT
Financials have delivered consistent earnings across last 4 quarters with ICICI Bank leading the list.
After the mid-cap and small-cap indices gave returs of 45 percent and 49 percent in 2023, portfolio managers of PMSs have started to build safety nets to brace for a more volatile 2024
The contribution of large cap companies to aggregate sales and net profit of BSE 500 firms remains steady and similar to pre-COVID levels
Large-cap stocks offer safety, but many can be multi-baggers if you pick them carefully.
While the market has rallied smartly, the rally has been highly concentrated with the top 15 stocks contributing over 70 percent of the returns.
Anand Tandon, a Market Analyst, said the market trend will remain upwards as long as the global markets remain bullish. The local market bull rally, is not exceptional, when compared to other emerging markets. he added.
The ongoing panic in the stock market offers a good opportunity to build a long term portfolio, feels Abhijit Gulanikar, chief investment officer at SBI Life Insurance. Of the Rs 40,000 crore managed by Gulanikar, Rs 24,000 crore (around 60%) is in equities.
Returns of some of last year's top-performing Chinese funds tumbled in the first half of 2011, burnt by bets on small-cap stocks which had previously boosted performance, data from Thomson Reuters Lipper shows.