You are here: Home » Markets » News
Business Standard

Reliance Ind, SBI Life, IRCTC: Here are the top stocks to invest in 2021

According to analysts, market rally in the new calendar year may not be as sharp as seen in recent months as the markets are currently pricing in a lot of positives

Topics
Markets watch | Investment tips | Investment strategies

Nikita Vashisht  |  New Delhi 

Despite the Covid-19 pandemic bringing the economic activity to a halt for nearly 3-months, posted their best yearly gains since 2017 in calendar year 2020. The benchmark Sensex and Nifty50 indices surged 16 per cent and 15 per cent, respectively, in the year gone-by, clocking 86 per cent jump from their March lows. In the broader market, the S&P BSE500 gained 20 per cent in CY20 while the S&P BSE Midcap and S&P BSE Small-cap indices rallied 18 per cent and 29 per cent, respectively.

Now the question on every investors' mind remains whether or not the bulls will continue to reign in 2021? According to analysts, market rally in the new calendar year may not be as sharp as seen in recent months as the are currently pricing in a lot of positives. ICICI Securities, for instance, expects Nifty50 to hit 14,900 levels in 2021 in a bull-case scenario. However, if market bullishness reverts to average sentiment, the base case fundamental value is around 13,500, which indicates flat returns for CY21.

In such a scenario, which stocks look promising enough to ensure wealth creation in 2021 despite stretched market valuation?

We caught up with Abhimanyu Sofat, Head of Research at IIFL Securities and Ajit Mishra, VP-Research at Religare Broking to identify potential winners.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, January 01 2021. 19:45 IST
RECOMMENDED FOR YOU
.