Abhijit Chokshi, founder of Stockifi.in, is an expert in the stock market. He recommends midcaps NCC, GMR Airports, and largecaps L&T in the infrastructure sector and Minda Corporation and Uno Minda in the auto ancillary sector. He believes midcaps are more likely to benefit from the consistent rise in public sector spending seen in all of the past Budgets and the auto ancillaries have managed to maintain success while other markets are facing carnage.
Abhijit Chokshi also recommends Orient Electric, which is a future FMCG play, and Garden Reach which he held a partial exit in. He suggests Adani Wilmar and Bata for those looking for consumption stocks. Furthermore, he tips Poonawalla Finance and Hitachi Energy as stocks with potential growth and compound potential.
When it comes to banks Abhijit Chokshi prefers to stay away given that he does not understand their balance sheets. Abhijit also advises to exit from Persistent and LTTI in IT sector as of now.
NCC is a civil engineering and construction company in India. It offers services for soil investigations, structural audits, roads, irrigation and dams, tunnels, bridges, housing and industrial buildings. GMR Airports Limited is engaged in the construction and development of airports in India. It offers civil and electrical construction services and operations, maintenance, cargo handling and related services.
L&T has business interests in engineering, construction, manufacturing goods, information technology, and financial services, and so much more. It has operations in over 30 countries worldwide. Minda Corporation is one of the leading suppliers of automotive components, specialty lighting and interior systems in India having operations in 13 countries. Uno Minda provides complete in-house solutions for Automotive Electricals and Electronics, focusing on world-class quality, competitive pricing and total customer satisfaction.
ABB is a Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics and the power and automation technology areas. Power India is a leading player in the power to industrial, commercial and residential consumers in India.
On the whole, these stocks provide good growth potential in the near future and Abhijit Chokshi is a trusted source to get informed advice. With careful research and examination into each stock, an investor can make wise investments in the current market.
