The market looks good in 2019 as the lower crude price value goes lower with low inflation regime and the relatively stable currency INR Here are some of the top stocks of 2019:-
1 ICICI bank ltd is the first stock which is improved performance wise much this year the headline asset quality ratios had improved to 8.54 percent, the net NPA to 3.65 percent and the coverage ratio improved was 59.5 percent compared to GNPA of 8.81 percent, net NPA of 4.19 percent and coverage of 54.8 percent which was recorded in 2018-19.
2 The second one is Ashok leyland which is another beneficial stock for 2019 because is expected that it will provide 10-12 percent growth in volumes in FY19 on account of a pick-up in construction and infra-spending in the country.Ashok leyland has also improved its market share upto 35 percent in the medium and heavy commercial vehicle segment.
3 Then comes Relaxo Footwears Ltd which holds a dominant market share in the low priced space. The company is one of the leading performers in the footwear in the last few years clocking a revenue and PAT growth of 14 percent and 29 percent in last 5 years. And also has an increasing customer base and focus on higher value products, we can expect equity return of ~23 percent for FY19-21E.
4 Fourth one is Britannia Industries which is one of the leading food products giant in our country which has premium product expansion and adoption of customers is increasing its distribution reach and adding geographics overseas and its moderate commodity price will help britannia to become one of the leading stocks this year.
5 And last but not the least comes Asian Paints another big Player and home decor giant of our country with double capacity ongoing expansion and traction in industrial and automotive coatings through joint ventures makes the company safe for investment it is expected to give 19 percent CAGR profit in 2019.
Other than these there are more companies like reliance industries which gives jio’s beating performance then there is Titan limited which is expected to give 25 percent of EPS CAGR over FY18-20.
To sum in 2018, there was a lot of volatility as benchmark indices touched fresh highs twice in a year and then retreated, but the year offered enough opportunities for long-term investors to buy at lower valuations. The good thing is that most of the macro headwinds in which the Indian stock market has now become tailwinds.