ICICI-Direct’s Diwali Muhurat stocks for 2013 put up a good performance. They promise that their selection of stocks for 2014 will do as well, if not better, than the earlier one
We are positive on auto, cement on the back of the robust demand outlook and capital goods on account of balance sheet improvement and margin expansion. In addition, declining crude prices also makes the oil & gas sector attractive. We would avoid the infrastructure and real estate sector for now as the outlook for both is still hazy. Moreover, these sectors would perform with a lag as the benefit from initial phase of economic recovery may not accrue to them
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