Market expert Sudip Bandyopadhyay expects markets to remain weak
Market expert Sudip Bandyopadhyay expects the weak bias in domestic stock markets to continue going ahead. The current weakness is a good opportunity for long-term investors to enter fundamentally strong stocks, he added. (Watch)
Buy L&T: The company has a strong management and balance sheet, and is expected to benefit from the government's Make in India push going ahead. Despite some execution issues related to West Asia, where L&T is heavily exposed, the current valuations look attractive.
Buy Maruti Suzuki: The company's export volumes are growing significantly. Investors may buy from a long-term perspective. A re-rating is expected for Maruti Suzuki India in the near term.
Accumulate IGL, Petronet LNG, GAIL: The pact between Petronet LNG and Qatar's RasGas - under which India's biggest gas importer Petronet LNG will buy liquefied natural gas (LNG) from Qatar at virtually half the original cost - is positive for Petronet LNG, IGL and GAIL. Investors may, however, wait for the stock prices to normalise.
Avoid pharma stocks: The traditionally defensive pharmaceuticals space does not appear to be defensive at the current juncture. Investors should instead look at sectors related to domestic market.