10 Stocks to Buy This Monsoon ~ 2017

BSE index Sensex and NSE's Nifty witnessed a tremendous rally so far in 2017 accounts for about 14% growth this year. However after hitting a record high of 30,712.35 earlier, Sensex is struggling to sustain at higher level and some profit booking seen in the last week of May. 

Market experts are not too concerned, as expectations of a better monsoon than expected and the implementation of the Goods and Services Tax (GST) by July may push benchmarks to new highs.

The IMD (India Meteorological Department) envisaged the monsoon launch in Kerala on May 30 this year, but seasonal rain could come a day earlier, a report said.

Also read: Top 10 Low P/E Stocks in India; Do you have in your portfolio? | Latest List - May 2017

Experts on D-Street believe that a pre-monsoon correction in the markets is highly expected and a momentum for fatigue exists. The agro-related stocks, especially the fertilizers as well as Agro-raw materials, which are accommodated in the Small-cap category , demands caution.

There is also a presumption that with good rainfall a strong rural demand would exist as a normal monsoon could increase the production capacity of the rural population that depends on agriculture, which in turn may drive the growth in revenues from consumer goods, goods Consumption, supporting factors of agricultural production, fertilizer and cement companies. 

Also read: Stock Market Whispers & Operators Talks ~ May 2017

We have prepared a list of 'Top 10 Monsoon Stocks' from different stock market analysts; these stocks are likely to get benefit this year from good monsoon. All these stocks are the recommendation of market experts and this article is derived from their interview with Network 18 as published at moneycontrol.

 Top 10 Stocks to buy this Monsoon

1. PI Industries
2. UPL
3. Marico
4. VST Tillers & Tractors
5. Supreme Industries
6. Bajaj Auto
7. Finolex Industries
8. Greenply Industries
9. Godrej Industries
10. Shriram Transport

Analysts: 
1. D K Aggarwal, Chairman, and MD, SMC Investments and Advisors Ltd.
2. Deepak Jasani - Head, Retail Research, HDFC Securities.
3. Nitasha Shankar, Sr. VP, and Head of Research, Yes Securities.

Disclaimer:
The views and investment tips expressed by investment experts on Moneycontrol are their own, and not that of the website or its management. Money n Business advises you to check with SEBI certified experts before taking any action.

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