Sunday, July 3, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Stocks

Midcap stocks to buy: Four midcap stocks that are poised to take off

MtR by MtR
June 23, 2021
in Stocks
0


Aditya Birla Fashion, Orient Electric, JK Cement and Indian Hotels are four midcap stocks that Hemang Jani, Equity Strategist, Motilal Oswal Financial Services, is recommending investors to buy at current levels. Edited excerpts from an interview:


Among the three insurance stocks — HDFC Life, ICICI Prudential and SBI Life — which way would you lean?
We have a very positive view on Max Life because of the big valuation gap. With all the regulatory issues getting cleared, there was an expectation that the gap would get breached. It has started happening now. At the same time, the growth vis-à-vis other players is better for Max, so that remains our preferred pick. The other one that we like is SBI Life. Despite the strong growth in their new premium collection, the stock continues to trade at a discount to HDFC Life, which we think is unwarranted. So within the life insurance space, our preferred picks are Max Life and SBI Life.

What is your take on liquor as a category? Most liquor stocks have been buoyant in the last few days.
We are extremely positive view on the spirits space per se. The companies are delivering a decent volume growth. Once you see a little bit of normalcy or revival in the economy, I think the volume growth can get even better. That definitely boards well for names like United Spirits, UBL and even for smaller names like Globus Spirits, Radico, etc.

Related articles

Nigerian Stock Market end first half of 2022 as one of the best in the world

July 3, 2022

Stock Picks to Buy, Recession Investing Advice From BofA

July 3, 2022

From an investment perspective, we at Motilal Oswal have a positive view on United Spirits because of the kind of presence that it has and the kind of balance sheet repair that has been done in the last two years. You will see more premiumisation over the next 1-2 years when margins can be much higher. This is one space where after a long time we are seeing revival. People are underweight on the sector in their portfolio. This could be a very interesting space to get in for the next 12 months or so.

Which are the top three midcap stocks that you would recommend one to buy at the current price?
In our strategy note, we have come up with our preferred midcap ideas.

Things were challenging for Aditya Birla Fashion because of the nature of their business in the retail space. They have done extremely well in terms of topline growth even during the lockdown. They have cut down their costs. So I think this company can do much better in the revival phase.

There is a small company called Orient Electric, which is a consumer electronics company. We think that in a reasonably good environment, the volume growth for Orient Electric can be better than larger players like Crompton, Havells, etc. That is something we find very interesting.

Apart from that, we also like JK Cement. At Indian Hotels, things have have been so difficult but we think that over the next two years, this entire unlock theme will plat out and no bookings will be available. People will go for revenge outing. I think Indian Hotels could be one interesting stock to look at.

The entire diagnostic space is growing at 10-12%. It is a business where the complexity is very high. Why are these stocks commanding PE multiples of consumer companies now?
That is partly because you have only two large players. Besides Dr Lal Path Lab and Thyrocare, the rest are not that big or they do not have that kind of penetration level. This opportunity can be very large in the Indian market. The market cap of Dr Lal Path Lab or Thyrocare is extremely low. There could mergers and acquisitions. The overall view is positive on the entire space. We do not have specific coverage yet, but Dr Lal Path Lab and Thyrocare are good ones to look at.



Source link

Related Posts

Nigerian Stock Market end first half of 2022 as one of the best in the world

by MtR
July 3, 2022
0

The Nigerian All Share Index closed the first half of 2022 with a gain of about 21.17% year to date...

Stock Picks to Buy, Recession Investing Advice From BofA

by MtR
July 3, 2022
0

Stocks endured a brutal first half of 2022 as investors felt a recession was getting more likely.  Jill Carey Hall...

Global factors, crude oil, macro data to drive stocks this week: Analysts

by MtR
July 3, 2022
0

Stock markets would be driven by domestic macroeconomic data, global trends, crude oil movement and FII...

Top Piotroski-Graham Long Term Value Stocks: July 2022 Semi-Annual Selections

by MtR
July 3, 2022
0

SCStock/iStock Editorial via Getty Images Top Piotroski-Graham Long Term Value Stocks: July 2022 Semi-Annual Selections These selections continue as ongoing...

2 Sensational Summer Stocks to Buy Now

by MtR
July 2, 2022
0

The coronavirus pandemic forced people to spend much more time at home than they would like to over the last...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Power generation disrupted due to gas shortage: Nasrul Hamid

July 3, 2022

EDITORIAL: The issues investors are pondering

July 3, 2022

Chinese developer Shimao misses repayment on $1bn offshore bond

July 3, 2022

$785 Billion – The 2026 Climate Change Adaptive Agriculture and Water Market, According to a New Report

July 3, 2022

Recent News

Power generation disrupted due to gas shortage: Nasrul Hamid

July 3, 2022

EDITORIAL: The issues investors are pondering

July 3, 2022

Chinese developer Shimao misses repayment on $1bn offshore bond

July 3, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter