On the banking sector, Rathi said that Indian banks are in a solid position with low non-performing asset (NPA) levels and strong loan books. With an anticipated rise in private capital expenditure, banks, especially those at attractive valuations, offer a secure investment option.
Besides banking, consumption and infrastructure, analysts also remain bullish on the pharma and healthcare sector.
On stock selection, Axis Securities shared their top nine stock picks. The brokerage’s top picks are Shriram Finance Ltd, Fortis Healthcare Ltd, Prestige Estates Projects Ltd, City Union Bank Ltd, Ambuja Cements Ltd, DOMS Industries Ltd, Ethos Ltd, Bharti Airtel Ltd and Cipla Ltd.
Ross Maxwell, Global Strategy Operations Lead, VT Markets said that as India looks to meet its ambitious sustainability goals, the renewable energy sector stands out. A push towards clean energy solutions will attract investment and fuel growth in industries such as green tech.
He stated that fintech, e-commerce, and IT services are other sectors that can still see large growth, supported by India’s growing digital ecosystem, the rise of 5G networks, and government programs.
