Rakshit Ranjan of Marcellus Investment Managers is strategically allocating capital to companies with resilient business models, such as a hospital chain and a pharma company. They are focusing on companies with low uncertainty and are relatively insulated from broader economic factors. Valuations of some portfolio companies are 25% to 30% lower than their six-year average.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

GreenEdge Wealth s Digant Haria suggests large IT stocks may outperform large banks in the next year, citing comfortable valuations and gradual AI changes. He favors second-tier BFSI stocks like Equitas and Ujjivan, anticipating a turnaround from easing regulations. Haria also highlights domestic consumption, including building materials and consumer durables, as a promising sector.

Bajaj Finance s board will consider a special interim dividend, stock split, and bonus share issue in an April 29, 2025 meeting, aiming to enhance shareholder value. Brokerages like CLSA and Elara Capital have a bullish outlook, with target prices of Rs 11,000 and Rs 11,161 respectively, citing strong growth prospects. The stock closed at Rs 9,326.

Bajaj Housing Finance reported a robust 54% surge in net profit, reaching Rs 587 crore, fueled by strong business growth and healthy asset quality. The company s net interest income climbed 31% to Rs 823 crore, with assets under management expanding 26% to Rs 1.15 lakh crore.

The company’s board has recommended a dividend of Rs 8.25 per equity share for FY 2024-25. If approved at the upcoming 62nd Annual General Meeting, the dividend will be paid on or after June 21, 2025.

ICICI Securities has upgraded Mahindra Logistics to ADD with a revised target price of Rs 350, down from Rs 360. The upgrade is driven by improved EBITDA performance, particularly with reduced losses at Rivigo and better contract logistics earnings. However, achieving break-even for Rivigo by Q2FY26 may be challenging due to industry pressures and competition.

Our portfolios were positioned in favour of debt/arbitrage or gold since the last few months as the market downturn commenced. But since a few days markets have started showing short-term strength, hence we have increased our equity exposure. The pro-active nature of our funds and various hedging tools enable us to tweak our portfolios very efficiently on a daily basis.