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Stocks to buy: As the Indian stock market faces challenges from domestic and global trends, smart investors will see this market crash as an opportunity to capture the bottom. With selling across segments and sectors, smart choices can generate incredible returns that outperform the index and other industry peers. To answer this difficult choice, stock market experts say oil and gas, banking and IT sectors are promising from a valuation perspective and people should focus on finding value picks from these sectors. Ta. However, there is still some capacity left in the PSU segment.
Segments with higher potential
“Stocks in the oil and gas and banking sectors have outperformed multiple stock indexes,” Manish Chaudhary, head of research at Stockbox, said in response to a question about sectors or sectors that are likely to outperform index returns over the period. “We find comfort in the valuations of these sectors, and we like stocks in these sectors.” In the short term, there will be tailwinds. ” StoxBox experts said there is still momentum left in the PSU segment, adding, “Not all PSU stocks should be viewed with the same eyes as selective opportunities still exist in this segment. We should enter the PSU basket on a staggered basis and have a medium- to long-term perspective in this area.”
Supporting the IT sector, Saurabh Jain, vice president of research at SMC Global Securities, said, “The US economy has shown some resilience in recent quarters, which is reflected in deal wins by Indian IT companies.” ” The current stock market crash should be viewed as an opportunity for long-term investors, as the increase in deal rates of Indian IT companies is expected to be reflected in the balance sheets of Indian IT companies. We would advise focusing on large-cap IT stocks, which are expected to capture most of their trading in the US and European markets. ”
stocks to buy on monday
Sandeep Pandey, founder of Basab Capital, today said on stocks to buy for the long term, “In the PSU banking sector, long-term investors may consider buying shares of SBI, Canara Bank and Bank of Baroda. “In private banks, long-term investors may consider buying shares.” “The acquisition of ICICI Bank and Axis Bank units could be a good move in the declining Indian stock market. In the oil and gas sector, buying ONGC stock looks attractive at current levels.”
Sandeep Pandey of Basab Capital advised long-term investors to buy shares of Hindustan Aeronautics Ltd or HAL if they want to invest in PSU stocks.
IT stocks to buy for the long term
Sharing a list of IT stocks for investors in the Indian stock market, Saurabh Jain of SMC Global Securities said, “You should consider buying TCS, HCL Tech and Wirpo stocks in this market crash.” .
Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerages and not of Mint. We encourage investors to check with certified professionals before making any investment decisions.
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