The stock market has been facing global headwinds and volatility in recent weeks. Amid this uncertainty, experts suggest that investors focus on domestic consumption-driven themes and selective stocks that continue to show strength. From FMCG to NBFCs, railways, autos and even shipbuilders, analysts see opportunities across a range of sectors.
FMCG AND CONSUMPTION STOCKS
Rajesh Palviya, Axis Securities Limited, said that FMCG remains an attractive bet in the current market. “Looking at the volatility and global headwinds disturbing sentiment, one should remain in the domestic consumption-related theme. Stocks from the FMCG basket are looking attractive at this juncture,” he said.
Among his picks are Marico and Dabur. For Marico, he suggested a stop-loss around Rs 700 with a target range of Rs 725–730. Dabur has also attracted buying interest in recent sessions, making it a stock to watch.
RAILWAYS AND HOUSING FINANCE
Palviya also sees opportunities in housing and railway stocks. He pointed to Housing and Urban Development Corporation (HUDCO), which has been gaining in recent weeks. He expects the stock to move towards Rs 240–245 in the near term, with a stop-loss at Rs 226.
Railway counters, after a recent correction, are showing signs of buying support again. “RVNL is trading near its 50-day moving average support area. A pullback action may be seen from these levels. Targets of Rs 365–370 look possible, while Rs 345 should be kept as a stop-loss,” Palviya explained.
BANKING AND NBFC
Banking and NBFC stocks are another area of focus. Bajaj Finance remains a strong performer, and Palviya suggested that the stock could head towards Rs 1,040–1,050 in the near term, with Rs 1,000 as a stop-loss.
POWER AND PSU SHIPBUILDERS
Shailendra Bhatnagar, market expert at Business Today TV, highlighted Adani Power as a stock drawing strong interest. “Adani Power has a major tailwind in the form of a stock split, which has made it relatively inexpensive for retail investors. Also, the SEBI clean sheet on Hindenburg has opened up doors,” he said.
He also pointed out the strong run in PSU shipbuilding companies. Garden Reach Shipbuilders gained 2.83%, Cochin Shipyard rose 2%, and Mazagon Dock Shipbuilders advanced about 1% in recent trade. “It’s the PSU basket that’s doing well,” he added.
AUTOMOBILE SECTOR
Automobiles are another area expected to benefit from GST reform and improved consumer demand. Palviya said, “Automobile is a clear theme where we have seen good traction. From the two-wheeler space, Hero MotoCorp and Bajaj Auto look attractive.”
He added that Hero MotoCorp could be accumulated on declines, with Rs 5,050 as a stop-loss and a target of Rs 5,800–6,000 in the coming months. The sector as a whole is expected to benefit from GST rate cuts, better margins and festive demand.
Experts believe that while global uncertainties remain, investors can focus on sectors directly linked to domestic growth and demand. FMCG, NBFCs, housing finance, railways, power, autos and PSU shipbuilders are among the sectors and stocks expected to see traction in the near to medium term.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
