Edelweiss has released its 2012 series of ‘Financial Freedom this Independence Day’. This report focuses entirely on the long term big picture – India growth story and how you can make the best of it. Edelweiss has identified in this report the key sectors and stocks that are set to benefit from the long term growth India is set to witness and tell you your exact action points, 5 stocks you can buy with a long term perspective.
Over the next 10 years we expect Indian GDP to grow to a size of nominal GDP of INR 205 Trn (USD 4.5 Trn), from the current level of INR 900 bn (USD 1.8 Trn).
Fundamental factors like young population (median age of 26), growing middle class, rising income levels with stable and growing household savings make India’s medium to long- term growth secure.
These significant changes will manifest in three key investment themes for the next decade – savings, consumption and infrastructure. Further, India’s competitiveness on the global scale in the services sector will continue to gain strength over the next decade.
We highlight below the same through stocks, and recommend a ‘Buy’ on them from a long term perspective
Automobiles
Bajaj Auto
Second largest 2 wheeler manufacturer, set to benefit from increasing two wheeler penetration
Financial Services
ICICI Bank
Banking revenue set to grow 5.3x to Rs 10.6 Trn, ICICI Bank is a front-runner to capture this opportunity.
Financial Services
Yes Bank
Banking revenue set to grow 5.3x to Rs 10.6 Trn, Yes Bank would be a high growth player
Agriculture
Coromandel International
Set to benefit from agri-revolution
Outsourcing
TCS Ltd
India’s largest technology company, set to benefit from India’s increasing share in global IT spend
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