From Cautious to Bullish
We believe that the current period are of good levels to build positions and markets should continue to see committed buying at and below the 8000 mark.
Our medium to long term view is bullish with our FY16 Nifty target of 9300-9500. This would indicate a 17x P/E at FY16 earnings estimate. Continue to invest in fundamentally strong stocks, with good corporate governance, large opportunity size and strong cash flows & return ratios. Top picks and Mid cap marvels indicate our most preferred stocks.
Midcap Marvels are high conviction stock ideas from the Mid-Cap and Small-Cap space to power your portfolio with the investment horizon of 1-2 years. The stocks featured in this product are relatively strong on the fundamental side, with potential for exponential revenue growth, high ROCE, strong margins and credible corporate governance.
We had introduced Midcap Marvels on 4th June 2014 which has outperformed benchmark CNX Midcap Index by 50%.
Salient Features of the stocks:
• These stocks are selected based on thorough bottom-up research
• We believe that these stocks could be multi-baggers in the long run and should be recommended to the investors with the investment horizon of 1-2 years
• Edelweiss Top Picks are high conviction stocks which have the potential to generate market-beating returns over the next 12-18 months.
• Edelweiss Top Picks have delivered a CAGR return of 39% since inception as against Nifty CAGR return of 14%, translating into an outperformance of 25% (p.a).
• On an annualized basis, Top Picks have delivered a return of 45% per annum as against Nifty return of 7%.
The Top Picks portfolio is suitable for investors looking to invest for the next 12-18 months.