Get into consumer stocks; 2 stocks to buy as metals in a very sweet spot: Sanjiv Bhasin

Sanjiv Bhasin says: “When it comes to religious torism, the winners are going to be Indian Hotels and IRCTC. Also, add UltraTech, Ambuja and Dalmia Bharat into your portfolio on this correction. Cement will be a no-brainer right up till the elections and you will see more cause of price hike.”

Sanjiv Bhasin highlights the performance of the midcap index and the earnings of companies like REC, PFC, NBCC, GAIL, IREDA, and Colgate. He expresses optimism about the Bank Nifty and the stellar performance of ICICI Bank and PSU stocks. He mentions the underperformance of HDFC and the potential impact on its stock price. He also discusses the merger cancellation of Zee Entertainment and predicts changes in its ownership. He suggests considering largecap banks like ICICI Bank and identifies potential opportunities in stocks like Dhanlaxmi Bank and Indus Tower.

Ajay Srivastava believes that there is no need to change anything in the market. He emphasizes that it is a good place to be and that there is no requirement to reinvent the wheel or find hidden gems. He advises investors to be cautious and aware of their comfort level when investing in PSUs and railway stocks. He also highlights the importance of patience in buying and states that the government's continuity in spending will provide opportunities for investors.

Sanjiv Bhasin suggests investing in Nestle, Bata, Patanjali, and Marico as rural incomes recover. He believes the telecom sector will see higher ARPUs and recommends telecom stocks. He is positive on HDFC Bank, ICICI Bank, Kotak, and RBL Bank. Bhasin also warns: Around the 15th of March, we could be in for some volatility. Take some money home, especially in the midcaps.

“I would rather play a little bit more carefully at this point of time. We love the price correction happening in some of the counters. That is where probably we will accumulate some of the bigger companies. The medium, small sized companies are relatively more vulnerable to the liquidity-led push in the market. And we are slightly more concerned there.”

Has the market, then, become cheaper? Yes, and no.

Rural demand was growing for the company driven by introduction of bridge packs, growing distribution coverage, and a general uptick in demand, Dabur CEO said

In the 12-pack index of all state-run banks, India's largest lender the State Bank of India (SBI) is the worst performer with a minor return of just around 3%. All other stocks in the index have given double-digit returns.

Sanjiv Bhasin says: Insurance companies, including LIC, SBI Life, ICICI Pru, and HDFC Life, are expected to perform well in the long term. These companies, along with other intermediaries like brokers and AMCs, are set to benefit from changing daily habits and increased technology adoption. the dumb money is now selling the largecap private banks, which were the most sought after and getting into PSUs. So, it is time to be contrarian,

Crude has corrected substantially from the 2022 highs and since that determines the prices of a lot of downstream products, it can provide a cushion both to the economy, as well as to corporate earnings.