HDFC Bank, TCS, Sun Pharma, NTPC, Wipro And More: Macquarie's Bottom-Up Buys
Macquarie segregates stocks in three lists for its bottom-up ideas. These lists are Stars Core 6, Tactical, and Rising Star.
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After a sharp pullback in indices, India's valuation has harmonised for the growth and return outlook. Now, from a bottom-up perspective, Macquarie finds several stocks which look attractive.
In Macquarie's Star Core 6 list, HDFC Bank Ltd., Mahindra & Mahindra Ltd., and Power Finance Crop Ltd. featured.
The brokerage came up with a new list — Tactical. In this list, Macquarie listed counters which are great for opportunistic trade for next three-to-six months. Bharat Electronics Ltd., NTPC Ltd., Reliance Industries Ltd., Shriram Finance Ltd., and Wipro Ltd. made to this list.
The last but not the least is Rising Star list which includes stocks that will provide good returns over three years. This list features Delhivery Ltd., Devyani International Ltd., Lemon Tree Hotels Ltd., and Indian Railway Catering And Tourism Crop Ltd.