Markets

Here are the top India stock picks of analysts for the next one year

November 8, 2021
Sezarr

As Indian Equity To extend their bull run into the new Hindu calendar year that begins Thursday, analysts expect gains in stocks that are reeling from the economic recovery in Asia’s third-largest economy as well as the ongoing regulatory crackdown on neighboring China. will be benefitted.

Celebrated in many parts of India and Asia, the festival of Diwali is considered auspicious for buying everything from automobiles to apartments and even stocks. Indian Brokerage, which traditionally releases picks for the new year this season, is bullish on mid-sized names this time focused on reopening business and travel activity in India.

Here are some of the key analyst picks for the festive season:

Edelweiss Wealth Research

  • Indo Count Industries Limited
  • The fabric company exports 12% of all sheets imported by the US and has benefited from an increase in retail demand, driven by more people working from home.
  • The disruption in China’s Xinjiang region, which accounts for 20% of the world’s cotton production, is a huge opportunity for India’s textile exporters.
  • INOX Leisure Limited
  • India’s second largest movie screen operator benefits from an oligopoly in business
  • The company is well positioned to capitalize on strong suppressed demand
  • Hindi-language cop drama “Sooryavanshi” collected 500 million rupees ($6.7 million) in two days since its release on 5 November.

SBICAP Securities

  • KNR Construction Limited
  • Has good revenue visibility in the medium term as almost half of its orders come from irrigation projects
  • The company also has construction equipment worth Rs 12 billion, which allows it to competitively bid for projects.
  • EID Parry India Limited
  • The Murugappa Group entity is one of the largest sugar companies in India.
  • The global sugar deficit strengthens the outlook for India’s sweetener producers, while EID Parry also benefits from its focus on expanding retail products such as Sweet Care.

Cholamandal Securities

  • Tattva Chintan Pharma Chem Limited
  • The company is India’s sole distributor of chemicals used in zeolite crystals for the manufacture of detergents, air purifiers and dietary supplements.
  • China’s crackdown on the chemical industry and the Indian government’s push to expand through production-linked incentive schemes is favorable to the company.
  • ABB India Limited
  • The company is setting up an ecosystem of charging stations for electric vehicles in India, which is estimated to be a $3 billion per year opportunity
  • Some of India’s state governments have announced dedicated policies to support EV adoption and have launched tenders for charging stations

Reliance Securities

  • Kalpataru Power Transmission Limited
  • The company is seen as a major beneficiary of power transmission capex in global markets including India as well as the US, where the Biden administration’s $550 billion infrastructure spending includes power grid upgrades and new transmission lines for renewable energy. Will be
  • Kalpataru Power intends to monetize its four transmission line projects in India and make its balance sheet healthy
  • Ramakrishna Forgings Limited
  • The company is a leading supplier of counterfeit products for medium and heavy commercial vehicles, which is expected to see a strong rebound in FY 2022 and 2023 after sharp volume declines over the past two years.
  • It also plans to diversify into passenger, light commercial vehicles and non-auto engineering sectors

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