Ideas for Samvat 2078? The stocks and sectors Sushil Kedia is bullish on

SUMMARY

In an interview with CNBC-TV18, Sushil Kedia, the founder of Kedianomics shared his stock and sector bets for Samvat 2078.

By Yashi Gupta Nov 4, 2021 10:49:08 PM IST (Published)

Schneider Electric: Over 25 crore electricity metres are going to be upgraded and changed in India over the next few years. The installed capacity is nowhere anywhere close to meeting this kind of requirement. So, of the only two listed stocks within the electricity metre space, I trust the management and the quality of the balance sheet of Schneider.

AkzoNobel India: Quietly hold it for six months to a year. I think easily it's headed for another 50-60 percent higher,

Kaveri Seed: To my mind, at this price of Rs 525, it is screaming a buy. It can go to about Rs 850 or more, so that's a humongous 60 percent move.

Tata Motors: This next three years kind of bet. Tata Motors, even from current levels, can go to Rs 600 and correct back to Rs 500. And who knows Tata Motors goes to Rs 1000 over the next one to two years.

Maruti: This stock can go to a new all-time high.

ITC: I will label ITC as the Rasgulla for the next month. Okay, subject to a Rs 5 stop loss below the low seen a couple of days ago. It goes to Rs 272, to begin with and at Rs 272, we decide whether we unload or we wait for Rs 300. It is all very stock specific right now for the next month.

Tech space: So TCS while Infosys is not going anywhere, Wipro charges languid, Tech Mahindra is looking like it will sell off, Naukri is not really going anywhere right now. So, stocks are scattered but individual stocks one large stock out of each sector.