The benchmark equity indices could trade in a range over the next six months but a bunch of 'gladiator stocks' recommended by ICICI Securities can deliver double-digit returns in the same period.
Gladiator stocks are recommended for a period of six months and investors are advised to enter these stock(s) in a staggered manner within the prescribed range. Once the recommendation is executed, it is advisable to keep strict stop loss as provided on closing basis.
Top five gladiator stocks recommended by ICICI Securities in October include ACC BSE -0.35 %, Force Motors BSE 0.34 %, HUL BSE -0.26 %, Swaraj Engines BSE -0.35 % and JK Tyre BSE -0.62 % & Industries.
The share price of ACC has been consolidating near its previous lifetime high of Rs 1,774 over the past four months. This consolidation will act as the platform for the next major upmove within the larger uptrend and provides fresh entry opportunity from a medium-term perspective.
Force Motors is a renowned player among thr passenger carriers, multi-utility vehicles, small commercial vehicles and agricultural tractors. The share price shows all the personality traits of a primary bull market.
JK Tyres & Industries (JKTIL) is the market leader in the Indian Truck/Bus Radials tyre segment, with a strong dealer network of over 4,000 distributors across India. It presently has 12 manufacturing plants across the world, nine in India and three in Mexico with a total capacity of about 34.7 million tyres p.a.
Hindustan Unilever BSE -0.26 % (HUL) is the country’s largest FMCG company with an annual turnover of Rs 31,061 crores (FY16). It is a subsidiary of Unilever (the world’s leading supplier of fast moving consumer goods) which has 67.2 per cent share in the company.
The share price of Swaraj Engines, a leading supplier of engines to M&M’s tractor division, remains in a structural uptrend forming rising peaks and troughs on the long term charts.
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