Is boom returning in market? Experts- time has come... Buy these 9 stocks!
Indian market has been trading on a decline for the last several days. Due to which there has been a lot of correction in big stocks. Investors are also scared that what to do now? After all, which stocks should be bought, which can give relief in the falling market. Regarding all these things, a brokerage firm has advised to bet on some stocks now. Brokerage firm Emkay Global Financial Services says that this is the time to focus on those stocks, whose valuation has now come to the right place.
The brokerage firm also believes that RBI's liquidity injection of Rs 60,000 crore is a sign of strong intent, even though it only meets 20% of the current shortfall of Rs 2.9 lakh crore.
However, after this announcement of RBI, the benchmark equity index BSE Sensex closed at 75,901 on January 28, up 535 points or 0.71% and even today the stock market is seeing a boom. At the same time, some stocks can give good returns to investors.
RBI focus on solving liquidity problems
The Reserve Bank of India on January 27 announced an OMO auction of Government of India equities for an amount of Rs 60,000 crore in three installments. It will be held on January 30, February 13 and February 20. Emkay Global Financial said that with this decision of RBI, we see a strong rally on the short end, as RBI takes a big step to solve the liquidity problem.
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Market boom after RBI announcement
After this announcement of RBI, the benchmark equity indexer BSE Sensex closed at 75,901 on January 28, up 535 points or 0.71% and even today the stock market is witnessing a boom. Emkay Global Financial Services said, 'The change in liquidity is a strong signal for domestic equities and BFSI is the best way to play it in the short term.'
Midcap and small cap still on high
The brokerage further said that the third quarter earnings have been disappointing so far, but it was also being anticipated. However, now the decline in earnings will be halted. Although midcap and smallcap price to earnings (P/E) are still high, they have come down by 17.8% and 17.2% from the top and are now at 37.3x and 29.8x (last 12 months).
Stocks can you bet on
Sharing its list of top stocks for the year 2025, the brokerage has suggested Zomato, Lupin and Tata Motors in the large cap space. On the other hand, it has recommended betting on IndusInd Bank, Escorts and One97 Communications in the midcap space and Stovekraft, Metropolis Healthcare and Quess Corp in the smallcap space.
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