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Bata India, Bank Of Baroda And More - Top Muhurat Stock Picks: ICICI Direct

Bata India, Bank Of Baroda And More - Top Muhurat Stock Picks: ICICI Direct

<div class="paragraphs"><p>A man holds a lantern during Diwali celebrations in the Khan Market area of New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)</p></div>
A man holds a lantern during Diwali celebrations in the Khan Market area of New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Indian markets have been one of the best performing markets this calendar year and are up 25% year-to-date CY21. They have deftly climbed the wall of worry be it the second Covid-19 wave in the country in April-May 2021 or the third wave expectations during August-September 2021.

This was due to a confluence of fundamental factors: First and foremost, equity as an asset class is being widely and rightly recognised as an asset generating inflation beating returns or real returns over a long period of time and is indeed very much liquid in nature; the there is no alternative factor is at play.

Top stock picks - Bata India Ltd. is a major player in the Indian footwear market with a presence across men’s, women’s and kid’s footwear segment with price points ranging from the mass market to the premium category.

Bata’s focus on cost reduction, omni channel, change in product mix and calibrated expansion of retail network through asset light franchisee route is expected to be structurally positive.

Click on the attachment for full list of ICICI Direct's Diwali stock picks:

ICICI Direct Muhurat Pick 2021.pdf

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