Samvat 2069 stock picks

Diwali also happens to be the beginning of the new year Samvat 2069.

During the last year to date, Indian stock markets have risen 9%, which is also the return given by a 1 year Fixed Deposit in the bank, without the huge volatility seen in the markets.

In the coming year, as I have said earlier, we are seeing the formation of a new bull run and the volatility will be much less. While indices are expected to grow 15 to 20% by next Diwali, individual stocks could give handsome returns upto 70%.

I am still buying Titan and Tataglobal Beverages. Amongst the banking sector my top picks are Yes Bank, Axis Bank and HDFC Bank.

Axis Bank is high beta stock because it is a perfect combination of banking and merchant banking, after the acquisition of Enam securities.

This quarter will turn out to be the best quarter for those who accumulate good stocks in the Indian markets.

I would also buy gold as a defensive with expected returns of 20% to 25% by next Diwali.