ET spoke to more than nine brokerage firms to find out the nine gems for 2009. Interestingly, there has been a consensus among stock market research firms in choosing these stocks to buy in 2009 from a vast list of scrips. Here go the gems…

SBI

State Bank of India, the largest bank in India, owns over 20% market share in deposits and loans with more than 90 million customers. It has the largest overseas presences. Amitabh Chakraborty, president equity at Religare Securities, is positive on the rate-sensitive sector as the interest rate is on the decline, resulting in higher treasury income for the banks.

IVRCL INFRA

The Hyderabad-based construction company gets 70% of revenue from water-related business. Currently, its order book size stands at Rs 15,969 crore. Dipen Shah, V-P at Kotak Securities, expects easing interest rates and increasing spending by govt to be positive for the counter.

BHEL

It is a default beneficiary for catering to priority sectors like power. It has installed equipment for over 90,000 MW for power generation out of total installed capacity of 146,000 MW. The order book size of Rs 10,400 crore shows the revenue visibility for next four years.

ITC

It is an outstanding market leader in its traditional businesses like cigarettes. With gaining market share in its nascent businesses of packaged foods and confectionery, branded apparel, personal care and stationery, Aggarwal from SMC Wealth Management Services, expects the counter to perform better in the months ahead.

SUN PHARMA

It secures a premiere position among companies in the business of speciality therapy. While the recent financial crisis added to the woes of global pharma innovators, Sudip Bandyopadhyay, director and CEO at Reliance Money, expects cos like Sun Pharma with sound technology platform and wider niche generics presence to deliver safer growth.

Punjab National Bank (PNB)

Punjab National Bank, the second largest public sector bank, it has seen a growth of 28% and 24% in its advance and deposits, respectively, in the quarter ended September last year. DK Aggarwal, managing director at SMC Wealth Management Services, expects the bank to continue lending to agriculture, SMEs and other productive sectors and is positive on the scrip.

NTPC

It has been on a rapid expansion spree over the past few years, during which it invested around Rs 23,000 crore and plans to invest Rs 13,600 crore this year. Anup Bagchi, executive director at ICICI Securities, expects the sector to remain strong on the back of favourable demand-supply situation and is upbeat on NTPC.

Reliance Industries Ltd. (RIL)

Reliance Industries is expected to benefit from the start of production at KG basin. According to Amar Ambani, V-P at Indiainfoline, higher complexity of its refineries and integrated nature of petrochem complexes will enable it to earn relatively better margins compared to its peers in a cyclical downturn and hence it will have higher premium.

BHARTI AIRTEL

The countrys largest private integrated telecom solutions provider, it is expected to remain dominant in wireless segment. Dinesh Thakkar, CMD of Angel Broking, expects that apart from telecom, there remains value to be unlocked from the tower business and new initiatives like DTH, IPTV and the company?s international forays in places like Sri Lanka.

Source Article: Economic Times

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