As investors enter Samvat 2083, the focus is shifting towards companies that can deliver sustainable earnings growth despite an uncertain global environment and evolving domestic market conditions. Rather than relying on broad-based market gains or valuation expansion, investors may need to be more selective, prioritising businesses with strong balance sheets, improving profitability and identifiable growth drivers.
Ventura remains constructive on Indian equities, identifying opportunities across banking, healthcare, digital platforms and consumer durables. The brokerage believes companies with earnings visibility, strong execution capabilities and company-specific growth catalysts could outperform in the new Samvat year. Its list of five stocks includes HDFC Bank, Park Medi World, One97 Communications (Paytm), LG Electronics India and Meesho.
As per Ventura, HDFC Bank remains a key stock to watch, supported by its strong capital position, healthy asset quality and improving balance-sheet structure. Ventura believes a gradual recovery in net interest margins, alongside sustained credit growth and improved deposit mobilisation, could support the lender's earnings growth.
The stock has gained 12% in one month and 10% over three months. However, it has risen 7% in six months and remains down 19% over the past year, indicating that its longer-term performance has yet to recover fully.
Park Medi World offers exposure to rising healthcare demand in North India. Its hospital expansion pipeline, increasing focus on super-speciality treatments and improving revenue per occupied bed could support revenue growth and operating leverage as newer facilities mature, noted Ventura.