The year 2024 poses challenges for investors due to upcoming parliamentary elections, making stock market fluctuations uncertain. In response, Bernstein, a US-based company, adopts the bottom-up method, emphasizing fundamental analysis over external factors.
Unlike relying on market positions, economic conditions, or political changes, the bottom-up method focuses on a company's intrinsic qualities. Parameters such as company positioning, industry dynamics, management effectiveness, and stock value take precedence.
Bernstein's Nine Picks for 2024 In adherence to the bottom-up strategy, Bernstein identifies nine promising stocks, predominantly largecaps, believed to weather market uncertainties:
HDFC Bank
Axis Bank
Infosys
L&T
NTPC
Bharti Airtel
Reliance Industries
Cipla
Adani Ports
Bernstein underscores the robust fundamentals of the selected companies, indicating resilience amid potential market volatility. Notably, the company has recently incorporated four stocks—Bharti Airtel, Reliance Industries, Cipla, and Adani Ports—into its India portfolio.
In aligning with evolving market conditions, Bernstein has strategically adjusted its portfolio. Four stocks, namely Biocon, Paytm, Zomato, Ultratech Cement, and Delhivery, have been excluded from the portfolio.
With political and economic variables influencing market dynamics in 2024, Bernstein's emphasis on quality stocks reflects a commitment to mitigating risks. By prioritizing fundamental strength over external factors, investors can potentially navigate the uncertainties associated with the parliamentary elections.
As investors brace for a challenging year, Bernstein's strategic selection of stocks using the bottom-up method offers a prudent approach. The focus on quality and fundamental resilience positions these stocks as potential anchors in the tumultuous sea of market fluctuations. Investors are encouraged to consider such strategic approaches to navigate the intricate landscape of 2024.
Data in this section is not a buy/sell recommendation but only a compilation of information on various technical/volume-based parameters
Analyst certifies that all of the views, if any, expressed in this report reflect his personal views about the subject company or companies and its or their securities, and no part of his compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. Analyst affirms that there exists no conflict of interest that can bias his views in this report. The Analyst does not hold any share(s) in the company/ies discussed.
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