ECONOMY

Good time to invest in stocks in 2022: IDBI Capital Research Head

Entering the year 2022, there’s a lot to keep tabs on as an investor. Globally, supply chain bottlenecks and an ongoing effort to battle the current health pandemic and its many variants have emerged. IDBI Capital Research Head AK Prabhakar has named the top stocks on their must-watch list heading into the New Year.

AK Prabhakar said the markets have started correcting itself in the month of December 2021. In the last 20 years, this is the first time that any December month has witnessed a high correction, paving the way for investors to invest in stocks in the upcoming year 2022.

TOP STOCKS TO INVEST IN 2022

In the telecommunication sector, Bharati Airtel has witnessed steady growth and is expected to remain an outperformer in the year 2022.

In the Life Insurance segment, HDFC Life, SBI Life and ICICI Pru Life show immense potential. If you want to invest in the EV sector, any investor should consider investing in Sonacom stocks in 2022.

Automobile stocks that one should consider investing in FY 2022 are Maruti and Mahindra & Mahindra, where the valuations are extremely attractive.

In the Engineering, Procurement and Construction (EPC) segment, Tata Power is showing exponential growth, suggesting that the stock has the potential to double in the next 2-3 years.

Prabhakar believes that DLF, Kolte Patil, Lodha Realty and Sobha Ltd can be good real estate shares to buy for the long-term in the upcoming calendar year.

[“source=indiatoday”]