Modi Win Fuels FMCG Boom, Sell Nifty Now For 22,600 Target – Adani Ports & HUL Top Picks!
Sushil Kedia advises investing in infrastructure during market declines, foreseeing potential growth for Adani Wilmar and Birlasoft doubling in value in six months, and Happiest Minds Tech possibly doubling within a year. He recommends steering clear of Dabur but highlights HUL as a top choice for FMCG investment due to its quality and stability.
CONTENTS: Modi Win Fuels FMCG Boom
- FMCG gains, midcap IT rises.
- Sell Nifty, sectors shift, growth predicted.
- Adani Group shares, FMCG advice.
- Infrastructure, FMCG stocks, investment advice.
FMCG gains, midcap IT rises
Modi Win Fuels FMCG Boom
Sushil Kedia mentioned that the market is experiencing sectoral rotation, and it appears likely that the Modi government will return to power. This development is expected to significantly benefit the FMCG sector for an extended period. Additionally, there will be a rise in the IT sector, particularly in midcap IT stocks. However, it is still advisable to avoid investing in the metals sector at this time.
Sell Nifty, sectors shift, growth predicted
Explaining the major market trends, Kedianomics founder Sushil Kedia advised selling Nifty on its rise, predicting it could reach 22,600 by the exit polls. Similarly, Bank Nifty is expected to hover between 48,800 and 50,500 until the results. Nifty might fluctuate between 22,600 and 23,500-23,600. Recently, there have been better trading opportunities in stocks outside the index.
Sectoral rotation is evident in the market, suggesting a likely return of the Modi government, which would benefit the FMCG sector for an extended period. A boom in the IT sector, particularly midcap IT stocks, is also anticipated. However, it remains advisable to avoid metals. Kedia also mentioned that Adani Enterprises and Adani Ports could potentially see a 20-25 percent growth.
Adani Group shares, FMCG advice
Discussing Adani Group shares, Sushil Kedia predicted a potential 20-25 percent rise in Adani Enterprises and Adani Ports. He also mentioned that Adani Total Gas could reach up to Rs 1600. After a brief correction of a day or two, Adani Enterprises is expected to regain momentum and potentially reach Rs 4500. Adani Wilmar appears to be on the brink of doubling in value.
In the FMCG sector, Kedia advised staying away from Dabur but noted that HUL is a high-quality FMCG stock.
Infrastructure, FMCG stocks, investment advice
Sushil Kedia advises investing in infrastructure stocks during declines. He believes Adani Wilmar and Birlasoft have the potential to double in value over the next six months, while Happiest Minds Tech could double within a year. Regarding the FMCG sector, he highlights HUL as a high-quality stock, recommending it for investment rather than trading, with a potential to surpass Rs 3000.
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