“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, smart investors are seeing the current market crash as an opportunity for bottom fishing. With selling taking place 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 long-term investors to consider large-cap IT stocks like TCS, HCL Tech, and Wipro, as they are expected to benefit from the current market conditions.
For investors looking for specific stock recommendations, Sandeep Pandey, Founder of Basav Capital, suggested buying shares of SBI, Canara Bank, Bank of Baroda, ICICI Bank, Axis Bank, and ONGC in the banking and oil & gas sectors. He also mentioned HAL as a potential investment in the PSU segment.
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.
