Diamonds In The Dust: 9 Long Term Stock Ideas with up to 38% upside potential
Samvat 2080 has proven to be a remarkable period for the Indian equity market, marked by the continuous
achievement of new milestones each quarter. Notably, our benchmark index, the Nifty 50, reached the historic
milestone of 26,216 on September 26, 2024, for the first time ever. This achievement has propelled the Indian market capitalization to surpass the $5 Trillion mark, positioning it as the fourth largest market globally. This represents a significant success for the Indian equity market in recent times. Since last Diwali, the equity market has experienced a broad-based rally, with the Nifty 50 delivering returns of 25% (as of October 22, 2024). Meanwhile, the broader Midcap and Smallcap indices surged by 37% and 36%, respectively
Last Diwali’s recos gave return of 38.5% vs Nifty’s 28%. Target Achieved in 7 out of 9. This year, 9 Long Term Stock Ideas with up to 38% upside potential are recommended. All Cos are in leadership position with high growth potential & reasonable valuation https://rakesh-jhunjhunwala.in/9-long-term-stock-ideas-with-up-to-38-upside-potential-by-axis-securities/