Nomura is bullish on financials, pharmaceuticals, IT services, consumer discretionary, real estate, internet platforms, cement, telecom and manufacturing.
It maintains a neutral stance on autos, oil and gas, and metals, while remaining cautious on consumer staples, infrastructure, capital goods and healthcare services.
Its top 20 stock picks for the year include ICICI Bank, Infosys, Bajaj Finance, Mahindra & Mahindra, Axis Bank, Titan, UltraTech Cement, Godrej Consumer Products, LG Electronics India, CG Power, Dr Reddy’s Laboratories, Ashok Leyland, Dixon Technologies, Swiggy, Alkem Laboratories, Mahindra Finance, Sona Comstar, eClerx, ABR Enterprise and MedPlus.
