ICICI Securities recommends you buy these shares
Aug 27, 2015, 11:58 IST
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Retail brokerage ICICI Securities has come up with a list of stocks to purchase to benefit from this sharp downturn in equities which has seen the Nifty fall more than 11 percent since August 11th as a global sell-off in risk assets hit stock prices.
ICICI Securities says investors should buy into these shares for a period of 2-3 years as this fall had created an attractive price opportunity in such companies. Purchases, if any, should be made in a staggered manner to benefit from volatile movements.
The brokerage continues to be positive on Auto, Cement and Capital Goods sectors and negative on Metals, Oil/gas and Realty sectors.
The 10 companies are:
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Ajanta Pharma: `1,370-1,400
United Spirits: 3,150-3,200
Idea Cellular: `148-154
Kansai Nerolac: `220-230
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Larsen & Toubro: `1,570-1,630NBCC: `880-920
Maruti Suzuki: `4,100-4,200
Mahindra CIE: 245-255
Infosys: 1,060-1,080
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MindTree: 1,240-1,280Image credit: Indiatimes