Covid Proof Stocks
What are some Covid Proof Stocks ?
As the third wave of covid is rising, investors sentiments are depleting the downtrend. However, the current market turmoil, they say, can be used as an opportunity to add Covid-related plays to ones portfolio. Besides, A healthy correction in stock will provide buying opportunities in select sectors that are looking attractive amid the recent fall.
So here’s the article delight ” How to Make Your Portfolio ‘Covid’ Proof “
Stocks to watch out
Covid Proof Stocks : Pharma stocks
Pharma stocks are getting in good health after a long period of underperformance where many stocks had corrected between 25-50 per cent from the peak. They may also do well in the near term on the back of rising worries of a new variant of Covid-19. Pharma stocks such as
Alkem Laboratories Ltd
Cadila Healthcare Ltd
Dr Reddy’s Laboratories Ltd
Cipla Ltd
These stocks among others rose considerably during the covid session.
Covid Proof Stocks : FMCG stocks
FMCG stocks are also best to invest because the Nifty FMCG index has corrected more than 10 per cent where most of the counters are trading near critical support levels. The Fast Moving Consumer Goods or FMCG is currently one of the fastest-growing sectors in India. At present, this sector is the fourth largest in the Indian Economy scenario. The FMCG sector is defensive and the recent fall in commodity prices on the back of rising concerns of Covid will ease their input cost pressure and that was a key concern for them, therefore, the FMCG sector may outperform in the near term. Top FMCG Stocks present in the market that you could watch out for investing are
Hindustan Unilever Ltd
Nestle India Ltd
Britannia Industries Ltd
Dabur India Ltd
Godrej Consumer Products Ltd
Tata Consumer Products Ltd
Covid Proof Stocks : IT stocks
IT sector is the leader of the bull run where covid has acted as a key catalyst and it is believed the IT sector may continue to do well. Top picks from IT space are
KPIT Technologies Ltd
HCL Technologies Ltd
Infosys Ltd
Tech Mahindra Ltd
Covid Proof Stocks : Telecom stocks
Given the quick spread of COVID-19 and an increase in countries imposing restrictions on movement, our daily lives have required more time at home and more usage of data for work and leisure, resulting in a sharp rise on the Telecom sector. Some telecom sector stocks that may continue to do well as they are the least impacted sector by Covid are :
Bharti Airtel Limited
Sterlite Technologies
Indus Towers Ltd
Final Takeaways
It has been a volatile phase for the equity markets over the past few sessions as they grapple with multiple headwinds, including the policies of various global central banks amid the rising Covid cases (Omicron variant). Indian markets, too, have been no different and have performed mostly in line with their global peers. Stock markets could be facing several weeks of volatility following the emergence of the omicron Covid-19 variant, but strategists and economists are cautioning investors against hasty action. Quality stocks given above in Pharma, FMCG, IT & Telecom are safe to buy for mid term investment . Also, Power and infrastructure, banking, textile, and technology may continue to do well amidst the covid steep and therefore investors should focus on quality stocks in these areas amid the recent correction of stock market.
Read more : HOW TO SELECT STOCKS FOR INTRADAY ( https://thebrightdelights.com/how-to-select-stocks-for-intraday/ )