Here are the following investment themes that have broken out and seem to be exhibiting strong Bullish behavior:
Sector # 1: Non-Lending Financial Services Play
- HDFC AMC
- HDFC Life
- SBI Life
- ICICI Prudential
- ICICI GI
- ICICI Securities
All the above stocks are buy on declines
The new stock that seems to have joined the list: Max Financial Services
Sector # 2: Paints and Varnishes Play
- Berger Paints – The stock is already up 40%
- Kansai Nerolac – The stock is at the starting point of Bull run
- Akzo Nobel – Buy on deep pullback near 1822
- Small cap names – Shalimar Paints, and SIRCA Paints India
All the above stocks are buy on declines
SIRCA Paints India Price Action
Sector # 3: Gas based stocks
- IGL – The stock is already on move
- Petronet – The stock is already on move
- GSPL – Breakout move above 200
- Guj Gas – Breakout move above 190
- MahaNagar Gas
Sector # 4: Hospital stocks
- Apollo Hospitals – The stock is struggling to make a move
- Fortis – In state of uncertainty
- Lalpath Labs- Breakout move is real
- Metropolis – Buy near 1300
Sector # 5: Engineering
- Siemens – The stock is on a breakout move
- Voltas
- Bluestar
- Small cap stocks like Orient Elec
Sector # 6: Railway stocks
- RITES – Breakout on move
- IRCTC – Wait to buy on declines
- Concor – Ready to Go?
Sector # 7: NBFCs
- Manappuram Finance – Buy on pullback near 150-160
- AU Small Fin Bank – Wait to buy on declines
- Mas Financial Services – Ready to Go?
I like AU Small Fin Bank
I like MAS Financial Services
