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ICICI Direct Report
CY20 was a remarkable year for the global economy as well as the equity markets.
From the extreme end of despair and uncertainty, the year is ending on a note of recovery and hope as the fight with the pandemic nears an end with the beginning of vaccination.
Indian equities were no different from global equity markets as they staged a heroic recovery of approximately 84% from the lows (~15% return for CY20) after the disastrous fall of ~39% in February-March, 2020.
As we embark towards 2021, the resilient domestic setup points towards a recovery in key macroeconomic data viz. gross domestic product, Infrastructure spending post a weak year.
Click on the attachment for the full list of ICICI Direct’s stock picks for 2021:
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