Angel Broking Top picks

Angel Broking Top picks

Top Picks

Angel Top Picks – July 2018

Market have largely remained flat in the month of June as global trade fear continued to linger. Overall, BSE 100 benchmark returns have cooled off to 10% in the past 1 year. We have added 8 new stocks in the top picks – Bata, JSPL, Amber, Shriram Transport, RBL bank, Aurobindo Pharma, Yes bank and GMM Pfaudler in our top pick as the rece..

JSPL is currently placed at an inflection point where it is witnessing positive changes like (a) end of capex cycle and equipped with fully operational Angul plant with 5 MTPA capacity, (b) increasing demand of power going forward with expectation of signing new PPA at JPL, (c) monetization of few assets like disinvestment of Tamnar- (EU..

Market succumbed to various fears like poor coporate earnings, rising crude oil prices, globar trade war and lost 2.4% in the month of May after a 5% gain posted in April. Overall, BSE 100 benchmark returns have cooled off to 10% in the past 1 year. Q4 earnings of Nifty 50 companies were down by ~9 % yoy mainly due to disappointment from ..

Market succumbed to various fears like poor coporate earnings, rising crude oil prices, globar trade war and lost 2.4% in the month of May after a 5% gain posted in April. Overall, BSE 200 benchmark returns have now come down to 9% in the past 1 year. Q4 earnings of Nifty 50 companies were down by ~9 % yoy mainly due to disappointment fro..

Market broke from the falling streak in the month of April and recovered 5% that it had lost since the beginning of the year. Overall, BSE 200 benchmark returns have been decent 15% in the past 1 year. Now, the focus has turned on Q4 earnings and the growth in earnings ( amid good monsoon forecast) is slated to revive in coming financial ..

Market continued to fall for the second consecutive month ( YTD return (-)5%) in the month of March amid various macro concerns like rising US bonds yield and oil prices etc. Further, LTCG concerns also led to profit booking towards the end of FY2018. However, this correction has also come after a decent rally we had seen in January 2018...

Sensex has cooled off a bit in the month of February post budget announcement amid various concerns like inflation, PNB scam, LTCG, rising US bonds yield etc. However, this correction has also come after a decent rally we had seen in January 2018. Moreover, BSE 100 benchmark returns have been decent 18% in the past 1 year. Now, the growth..

The budget for 2018-19 has reinforced the government’s agenda to bring reforms and improve macros. The FM maintained FY2018 fiscal deficit target of 3.5% and has set a target of 3.3% for FY2019, which is slightly higher than the earlier target of 3%. However, with improving tax compliance and GST collection, the target looks achievable. I..

2017 has been a strong year for Indian equities, Indian markets were among one of the top global equity markets with ~28% returns in the calendar year 2017. The positive trajectory is expected to continue in CY2018 with expectations of revival in corporate earnings, lower interest rates and continued inflow by domestic investors. 2018 is ..

The 6.3% GDP growth in 2QFY2018 indicates that growth in the economy is rebounding, and we believe that, Indian economy is primed for growth with implementation of GST reform, strong macros and uptick in the global economy. Our belief in the India story continues to remain strong with positive sales data reported by the automobile compani..

With 5.3% returns, October proved to be the best month for Indian equities in the last 19 months. While the government signalled its pro growth stance through its bank recapitalization and aggressive capex in the road infrasstrucutre, the 30 rank jump in the World Bank’s ease of doing busijess proved to be sentimental booster. While marke..

Over the last 3 years, Indian macros have seen a remarkable improvement such as shrinking of the twin deficits, acceleration in foreign exchange reserves, rupee appreciation, etc. With low interest rates, equities continue to remain an attractive asset class against fixed income, moving huge inflows in the equity markets. As domestic infl..