After huge selling pressure in market led by covid-19, we have number of great opportunities in the market to invest. History suggests that whenever such crisis had came, our economy was able to tackle them in just few years. This time also, our country India is expected to be out of the covid-19 pandemic soon. So, it should be considered a good time to invest fresh capital/money in stock market. Some risks are there, but if covid-19 spread didn't took place at community level, then our economy may recover faster than other countries.
So, what stocks should you buy?
Growwithmoney has made a list of 5 stocks which can give you some great returns in short term! The stocks they selected have not seen any major buying in recent market rally yet. According to them, these stocks are fundamentally good and have potential to deliver good returns.
Name of stocks which they selected are:
- Federal Bank
- State Bank of India
- Birla Corporation
- BSE Limited
- Indian Oil Corporation
Beside of selecting these stocks, they have clearly said that future of market is still uncertain because of many reasons. And therefore, investors should avoid any bulk/lump sum purchasing. This will help the investors to average their stocks at lower levels.
After reading their research report, I also analysed these stocks and found them good at current levels. All of them have good financial strength.
So, investors who wants to start investing in stock market right now can start from these stocks as they are offering you good downside safety and have potential to give you 10-30 percent even if market remain sideways or keep quoting around current levels.
Good luck :)