Manufacturing, consumption, Internet: Sectors that are likely to produce multi-baggers in coming years
Indian economic outlook: Nearly 40 per cent of the BSE 200 stocks have generated more than 20 per annualised returns over the past two decades, two times the ratio for emerging markets (EM), suggesting ample alpha opportunities.
Indian economic outlook: The Indian economy has grown sevenfold in the past two decades, delivering a nominal gross domestic product (GDP) CAGR of 10 per cent, analysts at Goldman Sachs wrote in their latest report, released on June 1. Further, equity returns have matched this strong economic performance, with the BSE 200 offering 16 per cent/13 per cent annualised returns in local currency/USD terms, almost double the 7 per cent offered by the MSCI EM index.
"Beneath the headline index, nearly 40 per cent of the BSE 200 stocks have generated more than 20 per annualised returns over the past two decades, two times the ratio for emerging markets (EM), suggesting ample alpha opportunities," the report added.
The analysts further said that the stable macro and improving microenvironment create a runway for strong medium-term growth for India. As such, investors should focus on industries/pockets of the market that offer strong growth opportunities over the medium term and then distill the broad themes into targeted stock ideas, leveraging the insights from the historical multi-bagger study.
The brokerage firm has listed 10 broad growth themes that hold the prospect of significant growth in the coming years in India. Take a look.
Source: Goldman Sachs report
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Punjab Lok Sabha Election Winners List 2024: INC's Charanjit Singh Channi, AAP's Raj Kumar Chabbewal among winners
SBI, PNB, HDFC Bank, ICICI Bank Home Loan Interest Rates: What can be your EMI on Rs 75 lakh, 20-year home loan; know calculations
Jammu & Kashmir Lok Sabha Election Winners List 2024: BJP, JKN win 2 seats each; 1 seat goes to independent candidate
Top 7 Large and Mid Cap SIP Mutual Funds: The top fund in the list have given a total of Rs 13.20 lakh in 5 years
Top 7 Mid-cap Stocks in 3 Years: A Rs 10,000 SIP in No. 1 stock has given a total of Rs 95.19 lakh; get calculations
Gold and Silver rate today (June 6, 2024): Yellow metal gains ahead of US non-farm payroll, white metal zooms to Rs 91,750 per kg
Share Market Today LIVE: Nifty, Sensex likely to open in green; GIFT Nifty futures edge higher ahead of RBI MPC Meet
NPS Retirement Planning: How to get Rs 1 lakh monthly pension by investing just Rs 1,000 a month; know calculations
06:22 PM IST