Going forward, the innovative themes present in the midcap and small cap space (such as Specialty Steel Chemicals, Home Textiles, CRAMS, etc.), better earning potential and fair valuations suggest more upsides for investors, say analysts at ICICI Securities. are in store.
share it top stock picks For the new year 2022, the brokerage has recommended ten stocks that one can buy including Bharti Airtel (Target Price: 860), Phoenix Mills (Target Price: 1200), Minda Corp (Target Price: 220), Radico Khaitan (Target Price: 1,450).
Top stocks in eClerx Services (Target Price: 2,900), Tech Mahindra (Target Price: 2,150), Orient Cement (Target Price: 250), Dwarkesh Sugar (TP: 110), NRB Bearings (TP: 220) and Aster DM Healthcare (Target Price: 250).
“Midcap, small cap gave great returns in CY21. However, since the last peak in CY17, till date, the Midcap index is up around 43%, with the Smallcap index rising ~22%, while the Nifty has gained around 64%. This means that in the longer time frame, the midcaps and smallcaps are really close,” the note said.
From the market perspective, ICICI Securities is the fastest growing segment in IT, capital goods, auto ancillary (EV exposure), retail and real estate. “CY21 has seen a strong economic recovery from unlocked lows. Beginning CY22, a major change is expected in the way business operates and transforms itself given innovations in the digital and tech world.
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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