There is a declining trend in the stock market these days. The market is at a support level and some experts believe that the market may bounce back from here.
Some experts in the market are planning reversal trade. Share market expert Mayuresh Joshi has given trade calls on six large-cap stocks. These stocks include large-cap stocks like L&T, ICICI Bank, and Axis Bank.
Let us see which are those stocks which can see a boom in the coming time.
Larsen & Toubro Ltd
Mayuresh Joshi has advised to invest in some stocks for the long term i.e. three to five years. He told L&T as the first stock for investment. The expert said to keep an eye on this stock in the coming days.
He said that the share price of Larsen and Toubro can increase, because the company can present better results in the coming time.
ICICI Bank Ltd
Expert Mayuresh has also given the names of banking sector stocks, among which ICICI Bank is also named. He said that ICICI Bank should buy on dips. It can remain a very profitable banking stock.
Axis Bank Ltd
He said that Axis Bank shares also look strong in the long term. There is an opportunity to buy them on dips. He said that focus should be maintained on the banking sector at this time.
KEC International Ltd
Expert Mayuresh has also mentioned KEC International shares from the infra sector. He said that if KEC International forms a lower base on the fall, then keep an eye on it. Its order book is strong. Revenue is strong and the company can continue to perform better in the coming days.
Azad Engineering Ltd
Azad Engineering's IPO came recently and investors got bumper listing gains in it. Its order book is very strong. They cater to the energy segment and aviation, so you can keep an eye on this stock.
These are the leadership stocks and select midcap leadership stocks which can perform well.
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