So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the pagans run after all these things, and your heavenly Father knows that you need them. But seek first his kingdom and his righteousness, and all these things will be given to you as well. Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.

24 Jan 2017

STOCK MARKET-- Stock Recommendations for January 2017 by Angel broking

Recent aggressive rate cut by the industry leader SBI has brought hopes of revival in credit growth of banks. The rural side of the economy is also expected to see recovery post the new measures announced by the government. In the last two years, deposit rates have fallen by 200bps. In such an environment, fixed deposits continue to lose attractiveness indicating that equities will attract strong inflows in near term for higher returns. We remain positive on the markets due to the current favorable dynamics. On this backdrop, we are positive on stocks such as L&T, Powergrid Corporation, KEI Industries on the back of government spending and lower interest rates. We also maintain positive stance on Infosys and HCL Tech (IT sector) and Lupin and Alkem (Pharma sector) given their strong fundamentals and lower valuations. In view of lower interest rates and new government measures, the correction in the consumption stocks should be used to accumulate quality companies

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