Multicap stock recommendations from IndiaNivesh

Indian benchmark indices are set to close 2019 at near record-high levels, supported by positive global sentiment and continued inflows in domestic markets. The Sensex rose nearly 15 percent so far t his year, while the Nifty50 advanced over 12 percent. IndiaNivesh has given recommendations on several multicap stocks in a December 2019 report titled 'High Conviction Ideas': (Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.)

Astra Microwave Products (AMP), established in 1991, is a Hyderabad-based company that designs, develops, and manufactures a wide range of radiofrequency (RF) systems, microwave chips, microwave-based components, and sub-systems.

Dr. Reddy’s Laboratories Ltd (DRL) is an integrated pharmaceutical company operating in major markets of US (39% of sales), India (17% of sales), Russia and Europe (collectively 24% of sales), and PSAI (16% of sales).

Hindustan Aeronautics Ltd (HAL), incorporated on 16 August 1963 in Bangalore, is India’s largest defence public sector undertaking (DPSU) on the basis of production value.

ICICI Bank is the second-largest private sector bank by consolidated assets with a strong domestic network of over 5,000 branches and non-banking subsidiaries that are market leaders across the financial services spectrum.

JBCPL was established by a first-generation entrepreneur Mr. JB Mody in 1950 as a partnership firm M/s Unique Pharmaceutical Laboratories.

RBK is the only old-generation private bank from a group of six other SCBs in Western Maharashtra that survived the onslaught of the changing banking landscape of the past two decades and managed to achieve a turnaround.

SBIN is India’s largest commercial bank with a deep national presence through ~22,000 branches, substantial overseas presence for an Indian bank.

TVS Srichakra (TVSS) is a part of the TVS Group and is one of India's leading two- and three-wheeler tyre manufacturers, rolling out more than 26 million tyres annually.

UltraTech is the only company (ex-China) to have more than 100mn-tonne capacity in a single country. In volume terms, it’s the largest player in all regions of India except the north east.

Incorporated in 2002 as Varun Commercial Pvt Ltd (renamed to V-Mart in 2006), V-Mart is in the business of providing value fashion retailing across Tier 2, 3 and 4 towns.

Eicher Motors Limited is an Indian manufacturer of motorcycles and commercial vehicles. Eicher is the parent company of Royal Enfield.

InterGlobe Aviation is the largest aviation company in India with over 47% market share in the domestic market.

Maruti Suzuki India Limited, is an automobile manufacturer in India. It is a 56.21% owned subsidiary of the Japanese car and motorcycle manufacturer Suzuki Motor Corporation.

Wabag in India was incorporated in 1995 by Deutsche Babcock group with its headquarter based in Chennai.