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GR Exclusive: What Are Alluring Investments For Financial Independence In The Stock Market?

GoodReturns was questioned by Manish Chowdhury, Head of Research at StoxBox, on which companies to buy after Republic Day. According to that “with uncertainty in the global arena, geopolitical tensions, and an expected slowdown in global economic growth in 2024, our sense is that domestic themes should fare well vis-à-vis sectors with large global exposure.”

From a medium- to long-term standpoint, the capital goods sector is appealing, according to Chowdhury, since the private sector’s strong balance sheets will probably enable it to participate in the capex cycle, and the central government has been leading the charge in revitalizing capital spending. Strong economic tailwinds will help the capital goods industry, so businesses that can execute well and get additional orders will probably be able to hold onto their values.

He said, “Another sector which looks interesting is the pharma sector wherein many domestic-focused companies are expected to generate mid-teen growth in 2024 amid a focus on new product launches, pick-up in volume growth and improved demand for generics and branded products.”

“Investor confidence in PSU stocks has been restored by the proactive and positive government initiatives, as evidenced by their stock performance over the last year,” Chowdhury said. Market players now feel more confident due to increased emphasis on operational efficiency, enhanced execution skills, and a clear shift towards professional management. We still anticipate PSUs to perform well in the future because to their high earnings visibility, appealing valuation, and consistent dividend distributions.”

Over a 12-month period, the Nifty 50 has increased by 3,748.25 points, or 21.29%, while the Sensex has risen by 11,369.77 points, or 19.16%. Sensex and Nifty have both outperformed the world market in the last five years, with returns of 94% and 97%, respectively. The Sensex and Nifty 50 reached its all-time highs in the first few days of 2024, at 73,427.59 and 22,124.15, respectively. IPOs, PSUs, and the defense industry have been among the top performers since last year.

The Indian Constitution is the ultimate legislation of the country, according to Wikipedia. Based on a proposal put out by M. N. Roy, the document lays out the framework that defines core political code, structure, processes, powers, and responsibilities of government institutions. It also lays out fundamental rights, directive principles, and the obligations of people. It is the world’s longest written national constitution.

President Smt. Droupadi Murmu led the nation in observing the 75th Republic Day on Friday, January 26, 2024, from Kartavya Path in New Delhi. The parade, which is expected to highlight India’s rich cultural variety, unity, and growth as well as its military might thanks to rising domestic capabilities and the Nari Shakti, has welcomed French President Mr. Emmanuel Macron as its Chief Guest. Over 13,000 Special Guests participated in this year’s parade, which was themed around the themes of “Viksit Bharat” and “Bharat – Loktantra ki Matruka.” This initiative will allow people from all walks of life to join in the festivities and support Jan Bhagidari during this national festival.

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