SIP Theme Stocks: LIC, Coal India and a Tata group stock; Siddharth Sedani's 'Swadeshi Only' SIP ideas for you
Amidst the bullish trend, from a long-term perspective, quality shares in the portfolio can provide strong returns. To ensure good profits for investors on Zee Business, market analyst Siddharth Sedani has brought some powerful shares on a new theme this week.
The Indian stock market began in the green on Wednesday, August 7, with buying in the auto and IT sectors.
Indian stock market today
Sensex jumps 874.94 points to settle at 79,468.01 while Nifty up 304.95 points to 24,297.50 today, August 7.
Sectoral indexes
All sectoral indexes are trading in the green. Auto, IT, financial services, pharmaceuticals, metals, real estate, media, and energy are all seeing significant gains.
Stocks to buy for long term
Meanwhile, amidst the bullish trend, from a long-term perspective, quality shares in the portfolio can provide strong returns. To ensure good profits for investors on Zee Business, market analyst Siddharth Sedani has brought some powerful shares on a new theme this week.
What is the theme?
Market expert Siddharth Sedani has chosen the theme this time as 'Only Swadeshi'.
Quality stocks to buy
LIC, Coal India, Senco Gold, Max Health, Tata Consumer
Buying period
The analyst suggests buying these stocks for one year.
Why did the analyst choose the Swadeshi theme?
Market expert Siddharth Sedani says signs of recession are being seen worldwide. Problems are going on in many countries including US and Japan. Apart from this, there is geopolitical tension. Amidst all this, I miss only one thing: my country. Therefore today's theme is 'Sirf Swadeshi'.
Swadeshi theme stocks
Domestic companies have been included in this. The global crisis has no impact on these companies. Our indigenous business is solid. We should focus on this. India's reforms can be very beneficial like PLI, capex, premiumization, and strong earnings.
1- LIC
Target price: Rs 1,360
Allocation- 20%
2- Senco Gold
Target price: Rs 1,277
Allocation- 20%
3- Coal India
Target price: Rs 545
Allocation- 20%
4- Max Health
Target price: Rs 950
Allocation- 20%
5- Tata Consumer
Target price: Rs 1,265
Allocation- 20%
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.