Top Pick of Saurabh Mukherjee for deewali 2019
1. Consistent compounders like Asian Paints, HDFC Bank, Pidilite, Nestle,with strong balance sheet should give 10 to 15 % of compounding.
2. Quality mid cap and small caps should also be accumulated.
3. Views on Auto Sector – Too early to judge whether growth cycle has turned around or not however we have always opportunity to cherry pic good picks like Maruti, TVS Motors, etc.
3. I wont go with high beta company , boroken balance sheet companies, better to stick with growth company for longer term, these companies would perform in all type or market bear market, bullish market or side ways.
4. Suggestions for govt – Do land reform, cut personal income tax, labour reform perhaps.