10 Stocks That Would be Focussed on in 2021
Witnessing Nifty50 and Sensex dip to its lowest in the span of three years back in March, no one could have predicted such a strong end to the year with the year culminating with double digit gains. 2021 is expected to keep up the same strong momentum. 2021 looks quite promising for the market.
Indian equities have stepped into the bull market arena. Nifty could reach near 15000 in the year 2021.
In a report ICICI director stated, “The bull market environment prevailing in CY21 could take Nifty50 to 14,900 levels. However, if market bullishness reverts to average sentiment, the base case fundamental value is around 13,500, which indicates flat returns for CY21”.
He further added, “If a risk-off environment materialises, we expect NIFTY50 to touch 11,600 on the downside.”
Market experts are suggesting investors put their entire focus on stocks that promise good performance and growth. The speculations around vaccines and the economy recuperating will maintain the risk on the rally in the year 2021.
According to experts, NBFCs, engineering, pharma, IT and other selected sectors will be at the center of the stage in the year ahead.
The 10 stocks you need to keep an eye on in the year 2021 are: Bandhan Bank, Birla Corporation, GAIL India, HPCL,HUL, Hawkins Cookers, Swaraj Engines, Whirlpool of India, Radico Khaitan and Page Industries.