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Stocks to Watch Out for in 2022, Get Details Here!

23 May 20235 mins read by Angel One
Stocks to Watch Out for in 2022, Get Details Here!
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As 2022 begins, what are some of the stocks to watch out for this year? Which categories should investors keep a close eye on? What are the sectors that are likely to drive the stock market? Find out all this and a lot more in this blog. Let’s start.

Some of the key reasons that will continue to drive gain for the Indian stock market are:

  • The continued boom in spending in the technological markets
  • Demand for local housing
  • Rebound in earnings of banks

Moreover, market and trade analysts remain on a bullish high, predicting a 15% rise for the National Stock Exchange Nifty Fifty Index over the next year. They expect this rise over and above the gauge of 138% rally from March 2020 lows, making the Indian market among the best performers in the equity markets worldwide.

Therefore, on that note, let’s look at some of the top picks across sectors and stocks as per the advice of leading brokerages of this country.

Top Picks in Technology

Indian tech has taken our world over by storm. Thanks to this pandemic and a change in the manner of doing business, the country’s top 10 software providers have raced to the very top.

Moreover, there is a strong demand for new technology, which will continue into the future. Despite setbacks such as a strong attrition rate, rising wages, there is still a demand for talent.

Rapid digitization has brought about quicker growth of Indian tech companies. On that note, experts recommend top picks such as Tech Mahindra Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd., Infosys Ltd.

Top Picks in Banks

Banks have focused on strengthening their balance sheet ever since the multi-year credit crisis, which was made worse by the COVID-19 pandemic. As a result, the chief drivers of credit offtake are the retail segment, followed by agriculture, small, medium, and micro-enterprise segments.

Therefore, some of the top picks in banks are State Bank of India, ICICI Bank Ltd., and Axis Bank Ltd.

Top Picks in Real Estate

This pandemic has given rise to two trends in this real estate sector. The first observable trend is a demand for homeownership because of work from home. Next, lockdowns forced several small players out of the market and allowed only strong developers to stay in the game.

India is currently in a housing-driven cycle for the next 5 years. Some of the top picks include Prestige Estates Projects Ltd., Phoenix Mills Ltd., Sunteck Realty Ltd., Oberoi Realty Ltd., Godrej Properties Ltd.

Bottom Line

According to some of the major brokerages, those were some of the top picks in stocks. However, time will only tell if these trends are projected in the right direction. Therefore, if you undertake to buy any of these stocks, do so after much research and study.

Source: Economic Times

Frequently Asked Questions

  1. What is the market cap of Tata Consultancy Services?

Ans. As of 19 January 2022, the market cap of TCS is 14.56 lakh crore.

  1. What are some of the pharmaceutical stock picks?

Ans. Some of the popular pharmaceutical stock picks are:

  1. By how much is the Indian benchmark leading in Asia?

Ans. The Indian benchmark is leading by 4% compared to other benchmarks in Asia.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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