Tata Consumer can be part of core portfolio; time to accumulate largecap banks: Hemang Jani

Tata Consumer can be part of core portfolio; time to accumulate largecap banks: Hemang Jani
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Independent market expert Hemang Jani recommends buying into banking stocks like State Bank of India, HDFC Bank, and ICICI Bank. He advises accumulating banks at the current price point. Jani also discusses the power sector and suggests investing in core power manufacturing companies like NTPC. He highlights the growth potential and stability in the power sector due to increased demand and order book growth for companies like BHEL, Siemens, and ABB. Jani shares his views on Tata Consumer and the IT sector, mentioning the transformation of Tata Consumer and its steady growth in earnings. He believes it is a great stock to have for long-term investors. Regarding the IT sector, Jani states that while there may be a temporary underperformance, there is no significant correction expected in the banks. He recommends buying into banking stocks due to their positioning and growth potential. Moving on to the media and entertainment industry, Jani discusses the impact of blockbuster releases on stocks like PVR. He suggests considering tactical plays in the media sector and highlights the growth potential in aviation and hotels, particularly Indigo. Jani also discusses the performance of ABB and Siemens in the capital goods space, emphasizing the potential for further upside. In the pharmaceutical sector, he mentions the resilience of largecap generic companies like Cipla and Dr. Reddy’s and recommends investing in these companies. Overall, Jani provides insights and recommendations for various sectors in the market.

TIS Staff

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