Here's your 'Weekly Industry Insight' for all your stock decisions
What's the story
Thinking of making money by investing in stocks? But which stocks would give you the highest returns throughout this week? And which ones should you avoid? For all such questions, we bring our 'Weekly Industry Insight' that gives an overview of various industries, so that you know the sectors you should invest in and the ones you should avoid. Here's the fine print.
Oil & Gas
Pick No. 1: Oil and Gas industry
Our first pick is the 'Oil and Gas' sector which is currently growing at a rate of 2.76% with an advance-decline ratio of 3:0. The sector is expected to continue to recover with an increase in demand for oil and gas products due to improving economic activity and the government's ongoing attempts to ensure that the country embraces LPG as cooking fuel.
R&R
Pick No. 2: Retail and Real Estate sector
Our next choice for the week is the 'Retail and Real Estate' sector which is currently witnessing a growth rate of 2.65% with an advance-decline ratio of 2.18. The sector is enjoying a high level of real estate activity because of high government spending on smart cities' construction and urban infrastructure. Moreover, GST and RERA Act are likely to provide further impetus to growth.
Capital Goods
Pick No. 3: Engineering and Capital goods
This week, we are also bullish on the 'Engineering and Capital Goods' sector which is growing at a rate of 2.55% with an advance-decline ratio of 3.02. The sector is expected to witness a further upward trend with the government's increased focus on the Electronic System Design and Manufacturing (ESDM) sector and increased expenditure on core sectors such as power, railways, and infrastructure development.
Tobacco
Pick No. 4: The Indian Tobacco sector
Our next bet is on the 'Tobacco' sector which is currently growing at a rate of 2.28%. The rationale behind the bullish perspective is the high consumption of tobacco in India. Moreover, in the Budget 2018-19, the government kept the taxation on cigarettes unchanged, which had come as a big relief for the Indian tobacco industry.
Metal and Mining
Pick No. 5: Metal and Mining Industry
Our last pick for the week is the 'Metal and Mining' sector, currently growing at a rate of 2.30% with an advance-decline ratio of 2.09. The sector is likely to see positive outcomes with an increasing scope for new mining capacities in iron ore, coal, and bauxite. Also, new opportunities arising from discoveries of sub-surface deposits are likely to push the sector's growth upwards.