Some market veterans see an early opportunity for equity investors in
businesses that support a cashless environment and the ones that are likely to benefit from the demonetisation drive.
Ace investor Porinju Veliyath, for one, said it would be the biggest theme for investors in calendar year 2017.
The domestic equity market is at an inflection point, along with the economy, but uncertainties are likely to haunt the market going forward.
In an interview with ETNow, Porinju said the Nifty50 would see a reasonable bull run in 2017 and investors should use any dips to buy stocks.
The uncertain period created in the market by demonetisation appears to be over and organised sectors are likely to benefit most from the same, Porinju said.
He said retail investors in equities should pick up momentum in 2017, and Indian households are going to emerge the biggest investors in equities.
Top stocks bets:
Porinju is bullish on select infrastructure stocks such as J Kumar Infra, and Sunil Hitech. He said investors should keep railway stocks such as Texmaco and Titagarh Wagons on their watch list.
He continued to hold Talwalkars, as he sees no impact on the business from the recent economic developments. Investors can also look at smaller well-managed companies such as Saksoft, Datamatics, Bombay Burmah Trading Corporation, HSIL, TCI, Orient Cement with a long-term view.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price