New Year Stock Picks Recommendation 2017
Market View: The recent action by the Modi government to discontinue the old INR 500 and INR 1000 notes as legal tender was a much needed reform for the Indian economy as this has directly attacked the black money hoarders. Although, the short-term negative impact on the Indian market cannot be ruled out. Due to lower liquidity in the economy demand of goods and services will get adversely impacted. This will get reflected in the corporate earnings for the next two quarters. On the other hand, the long-term impact will be a huge benefit to the country as it will move towards a cashless economy. This, in every regard, is a shining & a bold decision by the government as it will create higher tax revenue for the Government and transparency in the business community.
In 2016, two major developments in the US have impacted the Emerging Market’s negatively. Firstly, investors in the EMs including India were a little apprehensive about the Fed’s rate hikes. In the recently concluded FOMC meet, Janet Yellen has raised the key interest rates by 0.25 basis points to 0.75 %. This did not come as a surprise to the markets as a 25 bps rate hike had been already been priced in. But, at the same time Fed has also forecasted three future rate hikes in 2017. Going forward, the emerging market economies will watch the decisions of the Fed very closely.
Secondly, the win of Mr. Donald Trump in the recently concluded democratic elections came as a surprise to the Indian Economy. The president-elect’s economic policies are still a little unclear and that is an area of concern for the Emerging Economies. His tax reforms and foreign policy will be watched closely as we move into FY18.
We are recommending our best new year stock picks 2017
|New Year Stock Picks Recommendation – 2017|
|Company||Recommendation||CMP||Target||% Upside||Time Horizon|
|Kotak Mahindra Bank||Accumulate ( Rs 717-680)||717||895||25||9-12 Months|
|Bharat Electronics Ltd||Accumulate ( Rs 1376-1360)||1376||1600||16||9-12 Months|
|Jain Irrigation Systems Ltd||Buy||84||105||25||9-12 Months|
|Ador Welding Ltd||Buy||290||340||17||9-12 Months|
For Detailed Report visit on http://elitewealth.in/Admin/docs/NEW-YEAR-2017-STOCK-PICKS.pdf
For Daily Share Market Updates, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our blog http://research.elitewealth.in
or Call us on: 011-42445800/9650901058