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International headwinds appears easing, elections still to be looked out for: Report

IANS  |  Mumbai 

A report on Tuesday said the international macro headwinds appear to be easing while the upcoming is the "last event" for the investors to look out for.

"With the giving indications for easing its double-barrel attack of hikes and balance sheet shrinking, international macro headwinds appear to be easing," a report said.

Adding that on the domestic front the Budget 2019 stoked positive investor sentiment and the last remaining event for investors to look at is the Lok Sabha election outcome.

According to a research "post a monumental market shakeup" owing to the unprecedented events over the past 5 months "we see a distinct set of emerging opportunities".

Large-cap stands at 11,000, the report said was supported by resilience from 5 companies, "optically giving an impression that the market is still near its highs" but the price correction at stock level across large-mid and-small-caps is "intense" making room for deployment of fresh capital.

Along those line report identified stocks that can be accumulated in the current market scenario, taking note of its growth potential despite having been beaten down in price performance terms.

The stocks included Godrej Agrovet, Varroc Eng, Cera Sanitaryware Building, Can Fin Homes, HDFC AMC, ICICI Securities, Thyrocare, KEC Intl, and KNR Construction.

While Maruti Suzuki, Building, Pidilite Inds, ITC Ltd, Nestle India, In, RBL Bank, Tech Mahindra, and Infrastructure fell in "evergreen stocks", reflecting stability.

"These stocks can be considered for accumulation over 3-4 tranches, as markets are navigating near-term variables," it added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 22:14 IST