Clsa Recommends India's Liquid Large: cap stocks for growth

PVR INOX

28/11/2023 06:55

** CLSA recommends Indian large-cap liquid stocks for
maximising capital protection and select mid-caps for growth
opportunities
    ** Recommendations include Axis Bank  AXBK.NS , Bharti
Airtel  BRTI.NS , Hindustan Unilever  HLL.NS  , ICICI Bank
 ICBK.NS , Mahindra & Mahindra  MAHM.NS , NTPC  NTPC.NS , Sun
Pharma  SUN.NS , UltraTech  ULTC.NS , Tata Consultancy Services
 TCS.NS  and State Bank of India  SBI 
    ** Says, stocks offer exposure to growth drivers, such as
end of India's rate hike cycle in 2024, rural recovery in
mid-2024 and RBI's move to protect rupee, ensuring external
stability
    ** Adds mid-cap stocks such as Zomato  ZOMT.NS , PVR Inox
 PVRL.NS , Delhivery  DELH.NS , Prestige Estate  PREG.NS  and
Paytm  PAYT.NS  also offer long-term value
    ** Says its picks are on three defensive principles -
sectors that have already sold off or underperformed markets,
traditional defensives, and stocks with a positive major event
coming up
    ** India's economy will reach $29 tln in 2047 from
current$3.4tn and $45 tln by 2052, surpassing Japan's nominal
US-dollar GDP by 2027 - CLSA

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))