Top 20 largecap & midcap stocks to buy by Macquarie & Deutsche Bank
Posted: Thu Mar 02, 2017 12:44 am
It is best to stay with quality names and remain stock specific as further upside in the domestic market remains fairly limited. With the earnings momentum set to improve, Macquarie expects valuations to sustain and the market to give high single-digit to low double-digit returns in the next 12 months.
The Nifty is trading at a price-to-earnings ratio of 22 times on a 12-month trailing basis, which is higher than the five-year average of 18.7 times.
Macquarie’s top picks in India include HDFC Bank, Hero MotoCorp, L&T and ITC. It replaced Hindalco with Vedanta in its portfolio, given the multiple near-term triggers.
Its top midcap picks include Dish TV, Crompton Consumer, Prestige, Glenmark and NCC. It has replaced LIC Housing Finance with Chola Finance, due to better growth prospects.
Stocks recommendation for 2017
The Nifty is trading at a price-to-earnings ratio of 22 times on a 12-month trailing basis, which is higher than the five-year average of 18.7 times.
Macquarie’s top picks in India include HDFC Bank, Hero MotoCorp, L&T and ITC. It replaced Hindalco with Vedanta in its portfolio, given the multiple near-term triggers.
Its top midcap picks include Dish TV, Crompton Consumer, Prestige, Glenmark and NCC. It has replaced LIC Housing Finance with Chola Finance, due to better growth prospects.
Stocks recommendation for 2017