Standard Chartered's top 10 stock ideas for January

By CNBC-TV18 | Jan 09, 2020, 12:52 PM IST (Updated)

Standard Chartered's top 10 stock ideas for January

Indian shares are expected to remain positive over prospects of more measures in the Budget and amid continued FII inflows. “The markets will look for signs of a sustained recovery in demand, with the October-December festive quarter offering some signs of a revival in consumption, albeit temporarily,” said Standard Chartered. The brokerage further added that the markets may continue their upward trajectory with increased participation from the broader market. Standard Chartered has picked 10 stock ideas for January. (Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.)

- 1 / 11
Maruti Suzuki trades at c.27.70 FY21E P/E.
- 2 / 11
Mahindra & Mahindra: The stock trades at c.14.43x FY21E P/E.
- 3 / 11
ITC trades at c.17.50x FY21 P/E, a discount in comparison to its peers in the FMCG space.
- 4 / 11
Cipla trades at c.18.76x FY21E P/E.
- 5 / 11
HDFC Bank trades at c.3.39x FY21E P/B.
- 6 / 11
ICICI Bank trades at c.2.67x FY21E P/B, which remains a discount in comparison to its retail-focused peers.
- 7 / 11
Larsen & Toubro trades at c.15.25x FY21E P/E.
- 8 / 11
(Disclaimer: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.)
- 9 / 11
Infosys: The stock trades at c. 17.09x FY21E P/E against c.22.71x FY21E P/E for its peer Tata Consultancy Services (TCS).
- 10 / 11
Ashok Leyland trades at c.20.49x FY21E P/E.
- 11 / 11
Lupin currently trades at c.22.65x FY21E P/E.