2023: Best Investment for New Year, which will prove to be golden for investors

by Hiten Ghosh
Asia Markets

Top Picks 2023: The year 2023 is going to start now. The new year is starting at such a time when there are ups and downs in the stock market.

Although experts and brokerage houses are expressing confidence in the domestic market. He says that in the coming days, macro conditions will improve and uncertainties will go away. Most of the negative factors in the market are global.

The participation of foreign investors in the stock market will continue. Next year, themes like Banking & Financial, Insurance, IT Services, Oil & Gas, Rural Recovery, Capital Expenditure, Retail Play, Pharma, Auto can prove to be golden themes. Different brokerages have selected their top picks for 2023.

Top Theme

Banking & Financial, Rural Recovery, Capital Expenditure, Home Improvement Theme, Pharma Sector, High-Quality Retail Play

Top Picks

V-MART, Trent, RITES, Federal Bank, MAS Financial, Cholamandalam Investment & Finance, CIPLA, HUL, ASTRAL

Brokerage house ICICI Securities has kept the Nifty target of 21200 to 21500 for the year 2023.

Best Theme

  • High Relative Strength: BFSI, Capital Goods, Defence, Telecom

  • Multi-Year Breakout: PSU Sector, Auto & Auto Ancillaries, Hospitality

  • Attractive valuations: Pharma & Chemicals, IT, Consumer Discretionary, Insurance, Oil & Gas, Infra

  • Market performer: Retail, Consumer Staples, Metals

Top Picks

Bharat Forge, Hindalco, Mindtree, MCX, SBI, Sun Pharma, L&T, Ambuja Cement, Federal Bank, Sundaram Finance, KEC International, Mishra Dhatu Nigam.

Best Theme

BFSI, Capital Goods, Infrastructure, Cement, Housing, Defence, Railways

Top Picks

Infosys, SBI, ITC, L&T, Axis Bank, Maruti Suzuki, Titan, UltraTech Cement, Apollo Hospitals, PI Industries, Macrotech Developers (Lodha), Indian Hotels, Bharat Forge, Westlife Foodworks

  • Global has set a target of 19,500 for Nifty and 64,500 for Sensex for 1 year. At the same time, Auto, Oil & Gas, IT Services, Financial Services, Telecom have been included in the top themes.

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