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New Delhi: The latest round of correction in the equity market has spooked investors, who fear a further downside in the market amid rising inflationary and recessionary concerns. However, some smart investors are using this dip to accumulate quality names, which are likely to fare better in uncertain times and create long-term wealth for shareholders.

For such investors, who are looking to rejig their allocation in tried and tested counters and remove distressed stocks, can have a look at BHARATH stocks to make their portfolio ‘aatmanirbhar.’

BHARATH stocks, coined by

, includes , , , , , and .

Barring Reliance Industries, which is up by about 6 per cent in 2022, all the constituents of ‘BHARAT’ stocks are down on a year-to-date basis and have delivered negative returns in the year 2022 far.

Avenue Supermarts is 23 per cent down, whereas

and HDFC Bank have dropped 14 per cent each. Asian Paints has shed 9 per cent. and Airtel have also eased marginally in the ongoing calendar year.

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Analysts believe that India will continue to outperform global peers and one should remain with top-notch counters which have potential in the long run.

AK Prabhakar, Head of Research, Capital, said after the recent correction, the basket looks really attractive. “If an investor has a horizon of 4-5 years, one can buy at current levels.”

He said the market will not rally rapidly in the short term as investors need to nibble through quality names on dips. “One can buy the counters to play the ‘aatmanirbhar’ theme,” he added.

The veteran analyst is highly bullish on counters including Bharti

, Asian Paints, and Hindustan Unilever. He also finds Avenue Supermarts attractive after the latest correction.

Market experts suggest BHARATH stocks include all major sectors – telecom, oil, retail, consumption, IT, banking and FMCG – which adds to its attraction.

The investment principle behind BHARATH is clear – put your money in quality largecap names.

Ajit Mishra, VP- Research,

Broking is also convinced by the theme. “These stocks cover all the major sectors that have proven their mettle over the years.”

He said these counters will not witness major turbulence during market volatility. “Reasonable valuations, brand loyalty, healthy cash flow and sound financials make these counters more suitable for a long term play.”

He is extremely bullish on Bharti Airtel, followed by Reliance Industries. However, he raised concerns around HUL’s margins and high valuations of Avenue Supermarts. But to the basket, it’s a thumbs up from his end.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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