Model Portfolio Update: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.CY21 has seen a strong economic recovery from the unlocked lows. The recovery in growth mainly stemmed from the government led initiatives by focusing on 'Atmanirbhar' schemes panning across a gamut of sectors, which, in turn, will act as a multiplier catalyst across layers of gross domestic product growth and get the economy back on fast track to achieve the $5 trillion aspiration.At the onset of CY22, a sea change is expected in the way business operates and transforms itself given the innovations in the digital and Tech world. From a market perspective, sectors that we are bullish on are IT, capital goods, auto ancillaries (EV exposure), retail and real estate.Midcaps, small caps gave stellar returns in CY21. This is expected to continue in CY22E driven by inherent business moats as the earnings compound annual growth rate for midcap, small cap in FY21-23E is expected at ~39%, 28%, respectively. Going forward, innovative themes present in the midcap and small cap space (like speciality steel chemicals, home textiles, contract research and manufacturing services, etc.), superior earning potential and reasonable valuations make us believe that more upsides are in store for investors. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Model Portfolio Update: ICICI Direct

Model Portfolio Update: ICICI Direct

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