Buy infra, power, metals stocks on dip: A Deshmukh
Akshata Deshmukh, Research Analyst, Asian Markets Securities is of the view that one should buy infrastructure, power and the metals stocks on dip.
Deshmukh told CNBC-TV18, “The midcaps are clearly the favour of the season and the way the midcaps have rallied in the recent past and the heavy weights are slightly under selling pressure and since the market is not breaking the broader range I think midcaps are what everybody is looking at right now. I would also like to highlight one thing that the rollovers that are taking place on the midcap side are still very much aggressive and there is much more scope in the midcap left even now.”
He further added, “The infrastructure, power and the metals space is clearly something that one should look at to buy on dips. My picks amongst infrastructure space are stocks like HDIL or Reliance Infra whereas on the metals pack I think a Sterlite, Hindalco and all the steel counters especially JSW Steel on the midcap side look extremely positive.”
source: Moneycontrol
Tags: a deshmukh, Hindalco, hot stocks, hot tips, india stocks, infra stocks, midcap, nse bse shares, power stocks, sterlite
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