TIME TO BUY! Research Report By HDFC Securities

The recent correction in markets was triggered by a culmination of several near term setbacks like the sluggish capex cycle, impatience with slow policy evolution, the unnecessary worry over MAT, seemingly overvalued markets in view of the disappointing Q4 earnings, concerns of a weak monsoon, fears of a US Fed rate hike and an imminent Greek default.

However, given that monsoon worries are receding (11% above normal to date) and a fairly accommodative stance (benign rate hike guidance) has been adopted by the US Fed, we are constructive. We see a fiscal boost coming up with the attendant promise of lifting corporate and market sentiments, limited downsides from Grexit, softer inflatio trajectory (lower interest rates) and a clear opportunity for long term investors to participate in India’s much awaited macro recovery. Volatility concerns will, however, persist as global events unfold.

Based on our research here are some suggested stocks

Time-To-Buy-HDFCSec