The global rotation into value shares is prompting analysts in India to circle back to market leaders in sectors worst-hit by the pandemic -- including hotels, aviation, cinemas, and banking. “The risk with the biggest companies from a balance sheet or funding perspective is lower," said Aditya Narain, head of research at Mumbai-based Edelweiss Financial Services Ltd. “The leader has the greatest wherewithal to hang in there if business remains modest," so it’s better to avoid mid-sized and smaller companies even while riding the rally on vaccine developments and economic recovery, he said. Below are some of analysts’ top picks in India’s $2.3 trillion equity market. All stock moves are year-to-date. Hospitality: Indian Hotels Co• “Once the dust settles, we will see more leisure travel and high-end business travel coming back, rather than mid-range business travel," said Narain.

Source: Mint November 20, 2020 07:07 UTC