5 Prime Stocks to Buy This Diwali
Stocks that you can enter today without much worry about rich price or valuation.
Stocks that you can enter today without much worry about rich price or valuation.
Some sectors like financial services face a lot of risks from external factors but we have a financial stock where we think the reward is commensurate with the risk and so we are issuing a BUY call.
results update for 5 of our Prime Stocks
We are moving an industrial sector stock that we recommended in June 2022, to a HOLD.
Propelled by economic growth, along with signs of recovery, the underlying theme of this fund makes for a good long-term option now.
We are moving this Prime Stock to a HOLD and this report will explain why.
In this quarter’s review of our recommendations, we have made 3 fund additions and a few removals from our Prime Funds and ETFs Prime ETFs list.
Around this time last year, we had analysed the FMCG sectorโs March 2022 quarter earnings. At the time, the sector was grappling with twin headwinds of a demand slump and rising input costs. Valuations were still expensive. Most FMCG players have declared their results for the March 2023 quarter.
It has been a rough ride for the Indian API industry in the past 2 years. A combination of factors including price erosion in US generics, destocking, demand fluctuation, elevated raw material costs and freight costs have hit the margins of many API plays including market favourites such as Diviโs, Laurus and Aarti Drugs. Their growth has also remained at low single digits in this period.
Still, if a company has managed to remain resilient in this period and yet corrected to valuations that make it attractive, it deserves to be noticed.
For Indian investors looking for regular income with the possibility of capital appreciation, Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are good vehicles. These entities own a bunch of real estate or infrastructure assets that throw up regular cash flows and distribute over 90% of their cash flows to their investors. As both their income and the value of the real estate or infrastructure portfolio they own can rise over time, REITs and InvITs offer the prospect of rising income with capital gains.
With capital gains on debt fund investments now subject to short-term capital gains tax irrespective of holding period, other debt instruments have become quite competitive with debt mutual funds.
Mankind Pharma, which operates in the domestic pharmaceuticals space, opens its Rs 4300 core IPO today. The issue is priced at a band of Rs 1,026 – Rs 1,080 per share of face value Re.1/-.
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