The year 2020 will be yet another year in which select large caps and midcaps will outperform the Nifty, said IIFL Securities in a report. It expects consumption to pick up in the latter half of 2020, aided by government-led push, improvement in household financial savings, pick-up in agricultural growth, etc. IIFL added that select sectors like Auto, Telecom and Private Banking are well-positioned to deliver strong earnings growth. Here are its top large and midcap buys for 2020:
Bharti Airtel
SBI Life
ICICI Bank
Larsen & Toubro
Maruti Suzuki
Cummins India
Gujarat Gas
IPCA Labs
Sudarshan Chemicals
Varun Beverages