9 Stocks To Pick In 2023

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9 Stocks To Pick In 2023
9 Stocks To Pick In 2023
Kundan Kishore - 30 December 2022

Stock market returns are only as sound as the stocks you buy. Every decision to buy a stock could make or break a portfolio. But finding the perfect combination to ensure you have a winning portfolio is never easy.

Picking each stock needs careful analysis and expertise, but the task becomes even more daunting when the stock market inspires both faith and fear in equal measure.

In the first half of 2022, the market remained in trepidation as foreign institutional investors (FII) pulled out and the market fell by a little over 20 per cent. However, faith was renewed when domestic institutional and retail investors triumphed over FIIs and became net buyers in the market.

In the second half of the year, both domestic and foreign investors reposed their faith in the growth of the Indian economy and set the market on fire. The BSE Sensex touched a new high of 63,583.07 on December 1, 2022. But later in the month, fear came back on Dalal Street, as news of a new Covid variant lurking around and global recession spooked investors.

To make your life easier, we approached top investment experts and managed to convince them to sift through the large universe of stocks and recommend a few for you.

Despite all odds, experts see tremendous growth opportunities across sectors. The suggested stocks are from a variety of sectors, but three of the nine stocks were picked from the banking sector. One of them is a large-cap bank, while the other two are from the small-cap space. Keeping in mind the uptick in credit growth and clean balance sheet, experts believe that the banking sector is in a sweet spot and is headed for good times ahead.

The recommendations are long-term bets and should not be assessed from the lens of short-term volatility. Read the analysis, but look at their suitability before making any decision.

Here are a few stock recommendations from experts for 2023:

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