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HDFC Securities expects market rally to broaden going ahead

Updated : November 01, 2019 12:52 PM IST

The market rally that we are witnessing currently, according to Dipen Sheth, head-Institutional Research, HDFC Securities, will broaden going ahead.

From the financial space, the house is upbeat on AU Small Finance Bank and Max Financial Services, while from the consumption space, it is upbeat on Jubilant Foodworks.

With regards to the auto sector, Sheth said Bajaj Auto is the top pick as it is "one of the most intelligently managed two-wheeler company in the country". "They are well-set for BS-VI transition and have a very good product mix," he said.

“We were used to a certain way of running businesses, looking at the economy and many of the old rules began to break down and new rules and new ways of playing the game became more apparent as we moved forward,” he said.

“We have polarized views on the economic future of India and indeed that of the stock market,” Sheth added.
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