The complete list of 2018 stock recommendations
When I started investing in equities, I used to be in awe of equity research reports. Immaculately formatted 5-page documents with their glossy charts and tables of financial projections followed by a confident Buy / Sell / Hold recommendation based on a precise target price. I figured those target prices were arrived at by hardcore sector experts working with proprietary excel models of such complexity they would probably crash any computer with conventional specifications.
That awe lasted until I realized the “models” in use might as well have been random number generators due to their sensitivity to assumptions about an unknowable future. The conflict of interest many sell-side research analysts had with the companies they covered on account of the brokerage or investment banking business made them even less believable.
Therefore, my base assumption for any widely distributed research report or recommendation is that it’s not worth the digital screen-space it’s displayed on. Nevertheless, here’s a consolidated list of India stock recommendations for 2018 from various research houses (the ones I could find). Note that this list is for informational use only, none of these are my recommendations (some of the companies on the list shock me).
Note again, none of the stocks on this list are my recommendations. Funnily some of the recommendations already seem to have crossed their target price. Here goes:
(Price data is being fetched from Google Finance which is notoriously temperamental. If you see no data being fetched, please try coming back to the page in a short while.)
2018 stock recommendations by the professionals
This exercise is to track how recommendations by the professionals do during the course of this year. My hypothesis for the markets in 2018 is not as bright and it will be harder to outperform the index with a random set of stocks like in 2017.
Top 10 Performers (from the list above)
Sources:
- https://economictimes.indiatimes.com/markets/stocks/news/18-stocks-to-watch-out-for-in-2018/articleshow/62321970.cms
- https://www.indianotes.com/buy/Motilal-Oswal-Securities-top-stock-picks-for-2018/210213/12540103.00/C
- https://www.edelweiss.in/research/sector-specific-reports-2/Stock-Picks-for-2018-9f7afd
- https://www.zeebiz.com/india/news-these-stocks-can-be-good-option-for-investment-in-2018-axis-securities-34199
- https://www.moneycontrol.com/news/business/stocks/top-5-must-buy-stocks-which-can-give-up-to-37-return-in-the-year-2018-reliance-securities-2470367.html
- https://www.bloombergquint.com/markets/2018/01/03/these-12-stocks-made-it-to-clsas-2018-india-list
- https://www.angelbroking.com/research/top-picks-january-2018-research-report-03-01-2018-126243
- https://www.bloombergquint.com/markets/2018/01/01/analysts-top-stock-bets-for-2018
- https://www.business-standard.com/article/markets/top-10-stocks-morgan-stanley-recommends-bajaj-finance-maruti-itc-more-117092800429_1.html
- https://www.bloombergquint.com/markets/2017/11/03/deutsche-banks-top-stock-picks-ahead-of-union-budget-2018
- https://www.sharekhan.com/research/research-for-investor/model-portfolio/sharekhan-top-picks
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kindly share the excel link so that I cann see it in future.
Hi Raj, you can bookmark this page and come back to it to check whenever you’d like to.
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Hey, this is D. Came across in some random Google search. Nice work putting this together. I will be back for more.
Is there something amiss with HDFC, KEI, Simplex and BEL data? There seems to be some order of magnitude difference in predictions
Thanks. Will check. Google finance has issues (like the code ITC fetches some other stock price so I had to use the BSE code). Might be a similar problem with the stocks you mentioned.
Nicely put together. Will definitely use this to keep a track of recommendations by different companies.
Thanks Jay!