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"How long will you keep selling India? When India does well in the global recovery, at that time they would want to come and buy in a hurry. They sold it unemotionally they will buy it unemotionally. But my retailer is buying continuously. So, when both of them want to buy, you will have a Diwali," Agrawal added.

The company is looking to extend its competitive edge. The current valuation asks for healthy growth, but there is margin pressure from a weak sales mix and high-cost inventory, the brokerage said.

“We have globally remained a food, beverage and nutrition company. Man, woman, boy, girl, dog, cat what you need as food is what we provide. I think we have established our position humbly as the world’s largest consumer goods company and there is enough and more to be done. We will probably not expand beyond this. We have of course businesses like health science which are doing extremely well .”

Siddarth Bhamre, Research Head, Religare Broking said that bond yields may top out around 7.75-8%. Around these levels, it would be prudent to have some exposure in long-tenure bond funds, say about 30%, according to him.

ICICI Securities Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 16458.20 Crore) operating in Financial Services sector.

The stock traded at a P/E multiple of 17.1, while the price-to-book value ratio stood at 1.3.

The stock quoted a 52-week high price of Rs 732.9 and a 52-week low of Rs 467.5.

“Samvat 2079 will go down in India’s stock market history as the year of India’s outperformance relative to developed markets and peers. The big question as we usher in Samvat 2079 is whether this outperformance will continue,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

“We have a few themes which we believe could be very interesting and there are some reasons for that; one of that would be financials. We have had almost a decade of financials getting restructured, bad loans getting restructured that the NPAs levels, the slippages are at a low. Especially, some of the PSUs, from 8% slippage are down to 2% which has been one of their best. So we could see the financials come back,” says Varun Daga.

“The companies which are domestic oriented will do well and you see I think there are a wide variety of sectors on the domestic side which are likely to do well. For example, if you are looking on the futuristic side, hospital companies look really good. Although we are positive on quite a few of those names, Apollo Hospitals is a largecap pick from the hospital space.”