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Arun Kejriwal’s Top 5 Stock Picks: Banking, Housing Finance, And Recent IPOs To Watch

Arun Kejriwal’s Top 5 Stock Picks: Banking, Housing Finance, And Recent IPOs To Watch

Shailendra Bhatnagar
Shailendra Bhatnagar
  • New Delhi ,
  • Oct 11, 2024,
  • Updated Oct 11, 2024, 4:33 PM IST

 

Market Expert Arun Kejriwal shares his top stock picks across various sectors. From the housing finance sector, he highlights LIC Housing Finance and PNB Housing Finance as attractive options. He also identifies stocks from recently listed IPOs that are now available at better and cheaper valuations, including Northern Arc Capital and Kross. Kejriwal further points out banking stocks that have corrected after a strong early performance this year. He believes these banks are showing signs of bottoming out, with positive early indicators suggesting a strong upcoming quarter. Additionally, he hints at the possibility of an RBI rate cut in the near future, making banking stocks a promising choice for investors. Among specific recommendations, Kejriwal highlights Gujarat Ambuja Exports Limited, a major player in corn processing, noting its solid fundamentals and the potential for a 35-40% return in 3 to 5 months. He also mentions Kross and Northern Arc Capital, which are trading below their issue prices but show significant potential for future gains. Investors are advised to remain patient, as upcoming September results may trigger short-term rallies.

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