The head of equity Intelligence believes that 2017 will be a good year for the stock market. According to him, the driver of the market for 2017 will be Goods and service Tax(GST) bill, infrastructure and demonetization impact. Demonetization will not have any negative impact on Indian economy according to Veliyath.
He is also found be saying that demonetization will have a positive impact on Indian Economy. Many companies who used to hide black money and dupe investors will change their policy. They will intern multi-baggers and create wealth for the investors.
In an Interview with ET NOW, Porinju Veliyath recommended some stock publicly which might be multi-baggers in the coming years.Find below the interview:
Some of the stock Porinju Veliyath is found to be recommending are:
- Future Consumer
- RS Software
- Talwalkars fitness
- Bombay Burmah
- Titagarh Wagons
- Sunil Hitech
- J Kumar Infra
Porinju Veliyath is found to be highly bullish on Future Consumer because of its business model. I myself will recommend long-term investors to invest in Future Consumer. The stock is currently trading at Rs.30.