Investing in a large number of stocks is never a good idea. An investor should have a portfolio of a handful of stocks that one can easily track.
But the question is which stocks to pick, out of thousands of stocks trading on NSE/BSE? As a New Year gift, we have done that job for you.
The stocks selected belong to various sectors and are largely largecaps. The investors can choose from these stocks/industries based on their own judgment and outlook on market behaviour.
The IT sector looks promising and our top picks are TCS & Infosys. TCS & Infosys shares currently trade at Rs. 900 & Rs. 1200. Target of Rs. 1,100 and Rs. 1,500 can be seen in the next one year.
In the auto sector, we see investment opportunities in Tata Motors and Hero Moto Corp. The current stock price of Tata Motors and Hero Moto Corp is Rs. 160 and Rs. 3,000. The stock can hit Rs. 250 and Rs. 3,500 in next one year.
Dr Reddys can also turn out to be a good investment option from the Pharma sector. This sector has been the biggest beneficiary of the pandemic. The stock trades at Rs. 5,200. We can witness an upside till Rs. 6,500 in next one year.
Few more stocks to focus on in 2021:
Disclaimer: The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.
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