Amar Ambani has released a report called “Size Matters! – 12 Bluechips to ride on” in which he has identified 12 large-cap blue-chip stocks to buy.
He points out that the long term upward trajectory for Indian equities is intact. A consolidation around 8,000 levels on the Nifty is the general expectation, given 11% run up since election outcome and valuations (P/E) touching 15x FY16 earnings. He says the IIFL research team sees significant upside not just in select mid‐caps but also a number of large caps. The research team has identified 12 bluechips, which are extremely attractive even at current levels of the market. Each of these 12 large caps can potentially deliver 35‐45% returns over a period of two years, he says.