Stocks to Buy with Anil Singhvi: Looking for top money-making opportunities? Market Guru reveals options
Stocks to Buy with Anil Singhvi: The stock markets have been seeing a strong rally with banks being at the forefront. Apart from banks IT and pharma stocks have also been among the ones to have participated in the rally while mid cap and small caps have largely stayed away
Stocks to Buy with Anil Singhvi: The stock markets have been seeing a strong rally with banks being at the forefront. Apart from banks IT and pharma stocks have also been among the ones to have participated in the rally while mid cap and small caps have largely stayed away. As to where else investors can find money-making opportunities, Zee Business Managing Editor Anil Singhvi reveals the options open for good returns!
Market Guru Singhvi said that investors can look for opportunities in the stocks where the valuations are still cheap or reasonable. Singhvi has been advocating investments in stocks like Larsen and Toubro (LT) and ITC. There is still a lot of opportunity left in these two stocks with a one-year horizon, he said. These stocks have a great potential, going forward, he added.
Watch Zee Business Tweet Video Below:
हर गिरावट पर करें खरीदारी...
— Zee Business (@ZeeBusiness) November 12, 2020
The market Guru also said that the banking sector is still going strong and the rally is till not exhausted.
He said that Bank Nifty is still quite far from its lifetime high of 32,600 despite the fact that both Nifty and Sensex have been continuously attaining new lifetime highs.
The signs of economic recovery are also there and the biggest gainers of this will be banks and financial services sector, he said.
He said that the other two sectors which are poised to do well are insurance and mutual funds. In case of former, both life and general insurance sector have great potential, he opined. At present, there are three Mutual Funds that are listed now – UTI, HDFC and Nippon Life.
There will also be sector wise rotation, he said.
What is noteworthy, is the stock markets ending at lifetime high levels despite Reliance Industries Limited (RIL) shares falling 4 per cent. The speaks volumes of the current strengths in the markets.
He advised investors to not rely on 1-2 stocks and look for areas where the buying opportunities emerge. He said that it should not be a surprise if the RIL stock could see a comeback after some correction.
See Zee Business Live TV Streaming Below:
He said that it is rare that at a lifetime high, the rally is because of broader market.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.