Blue chips continued to outpace the broader market for the second straight year in Calendar 2019. However, select stocks across insurance, asset management companies, paints, consumer food, power generation and pharmaceuticals sectors managed to deliver up to 222 per cent returns to investors during the year. And now analysts say pharma will be the story to play in Calendar 2020. Money managers at top fund houses and heads of research at leading brokerages who took part in the Yearend Survey of ETMarkets.com voted most for pharma. They also identified metals, capital goods, chemicals, auto, banking, large NBFCs, cement and construction as themes with high potential in the upcoming year. “In anticipation of better economic growth, we believe this is a good time to invest in cyclical sectors like metals, energy, capital goods, industrial and infrastructure. We are also positive on chemicals and export-oriented companies,” said Vinod Nair, Head of Research, Geojit Financial Services. The BSE Metal index plunged the most at 15 per cent so far in 2019 amid the trade tensions between the US and China. It was followed by Auto (down 13 per cent), Capital Goods (down 9 per cent), Power (down 5 per cent), PSU (down 5… Read full this story
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