“Stock Market Experts Recommend Buying Opportunities in Oil & Gas, Banking, and IT Sectors Amid Market Crash”
As the Indian stock market faces challenges from both domestic and global developments, savvy investors are viewing the current market crash as an opportunity for bottom fishing. With selling pressure across various segments and sectors, experts are pointing towards potential value picks in the oil and gas, banking, and IT sectors.
Manish Chowdhury, Head of Research at StoxBox, highlighted the attractiveness of stocks in the oil & gas and banking segments due to favorable valuations and near-term tailwinds. He also mentioned that there is still potential in select PSU stocks, advising investors to enter the segment gradually with a medium to long-term horizon.
Saurabh Jain, Vice President of Research at SMC Global Securities, emphasized the resilience of the US economy and the increasing deal wins by Indian IT companies. He recommended focusing on large-cap IT stocks for long-term investment opportunities in the current market scenario.
For long-term investments, Sandeep Pandey, Founder of Basav Capital, suggested considering stocks like SBI, Canara Bank, Bank of Baroda, ICICI Bank, Axis Bank, and ONGC in the banking and oil & gas sectors. He also mentioned Hindustan Aeronautics Ltd (HAL) as a potential pick in the PSU segment.
In the IT sector, Saurabh Jain recommended looking at stocks like TCS, HCL Tech, and Wipro for long-term investment prospects.
It is important to note that the views and recommendations provided by analysts are individual opinions and not endorsed by Mint. Investors are advised to consult certified experts before making any investment decisions.
Overall, the current market conditions present opportunities for investors to strategically position themselves in sectors with growth potential and attractive valuations.
