Sharekhan Top Picks (Feb 2015)

This month we are introducing some stocks that could not only benefit from the expected policy announcements in the Union Budget but also have a structural growth story. Thus, we are introducing Century Plyboards (a play on the implementation of Goods and Services Tax) and Bharat Electronics (a play on the government’s “Make in India” call and increased defence spending). We are also introducing Maruti Suzuki India and HDFC Bank, which are bellwether stocks in their respective sectors. To accommodate the new inductions, we are booking profits in Relaxo Footwear, Gabriel India and ICICI Bank. Also, taking a cautious view on the spectrum auction after a higher than expected base price for 3G airwaves, we are taking out Idea Cellular from the Top Picks basket.

Download Sharekhan Top Picks Feb 2015