Structural plays, beyond cyclical worries Whilst ‘Good & Clean’ remains our preferred tactical way of playing Indian equities, we cannot lose sight of the big picture in a country like India where the robustness of the economy ensures that well-managed companies focused on cash generation have a high chance of doing well. Structural plays, like the ones we aim to identify here, are financially strong firms (with credible management teams) that remain consistent performers on a cross-cyclical basis. Both in live portfolios and back-tests, the approach delivers alpha in most years
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Sharekhan Top Picks For June 2014
Sharekhan has identified a few top stocks in line with the key investment themes of policy push driven re-rating of construction, power and public sector undertakings, and early beneficiaries of an economic revival, like auto and financial services
READ MORE »Latest Model Portfolios By IndiaNivesh
At CMP of Rs. 143, stock is trading at P/E multiple of 11.6x and 8x its FY15E and FY16E Bloomberg adjusted earnings. Given its leadership position in sanitaryware and container glass businesses and its initiatives to improve the profitability of container glass business which is likely to improve financial performance, we recommend buy on the […]
READ MORE »Model Portfolio Of Top Stocks By Axis Capital
The enclosed report provides for each stock, the key operating assumptions, and the rationale for revised FY 16 earnings & multiples. Sensex EPS for FY15 & FY16 thus stands at Rs 1,592 and 1,814 respectively, ie growth of 15% and 14% respectively (Sensex and GDP have different compositions). We also revise our model portfolio where among Nifty Cos, we are Sharp OW in Engineering & Infra, Realty. And Sharp UW: Consumption, Resources, Power, Telecom
READ MORE »Top Mid-Cap Stock Picks By Deutsche Equities
Top mid cap picks: Mid cap rally can last a while in a conducive/improving economic environment Our analysis of 11 years of price data supports the thesis that mid cap stocks are a high beta play on economic growth/recovery and tend to have a prolonged period of sharp and sustained outperformance
READ MORE »Kotak Securities Model Portfolio March 2014
The reward-risk balance for the Indian stock market is less favorable after the sharp run-up in prices of several domestic cyclical and PSU stocks in the past two weeks. Current stock prices already discount FY2015E EPS for most large-cap. stocks under our coverage. Earnings upgrades will largely depend on favorable government action in a few sectors, which itself is predicated on a favorable outcome of elections and continuation of economic reforms. We make a few changes to our Model Portfolio to factor in the recent diverse movements in sectors and stocks
READ MORE »IndiaNivesh’s Revised Model Portfolios
Objective of this portfolio is to generate moderate returns in conjunction with moderate risk. This portfolio is suitable for those investors whose risk appetite is moderate. Stock selection criteria here will be strong fundamentals coupled with near term triggers. This is an equal weighted portfolio meaning equal amount of money is invested in the stocks […]
READ MORE »Sharekhan Top Picks Reshuffled In Model Portfolio
The strong out-performance of Top Picks in January was driven by our high-conviction investment idea, Selan Exploration Technology, which has appreciated by 25.8% since the last revision of the contents of the Top Picks basket on January 1, 2014. Even after excluding the exceptionally strong gains of Selan Exploration Technology, the Top Picks basket has comprehensively outperformed the benchmark indices
READ MORE »Model Portfolio By Daljeet Kohli Of IndiaNivesh
The unique feature of the portfolio is that the composition of stocks depends on whether the investor wants an “aggressive”, “balanced” or “conservative” portfolio. In the period from 20.11.2013 (inception) to date, the “balanced” portfolio has given a return of 13.2%, the “aggressive” portfolio has given a return of 10% and the “conservative” portfolio has given a return of 10.02%. In the same period, the Benchmark (BSE 500) has given a return of 4.6%
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