What’s your dream team?

The key expectations from this government centre around capex and infrastructure-led recovery, fixing the struggling financial system and driving rural incomes.

Jun 01, 2019 10:06 IST India Infoline News Service

R Venkataraman, MD, IIFL Group
The only dreams that come true are the ones you chase. The agony and ecstasy of watching close chases or rather nail-biting cricket finishes are yet to grab attention. After all, we are still rejoicing or recovering from the elections and cabinet selections. Maybe this weekend, when India plays South Africa, cricket will get all the attention the sport commands. I am sure in June, most conversations will shift to cricket from politics and Modi 2.0.

Our institutional team has announced their Dream Team of stocks to win. Their selection of stocks is presented in the Table below.


Inspired by the last line of the report where it urges all readers to select their own teams, I am also indulging in some stock selection and portfolio building. It appears under Captain Modi, Team India is on a strong wicket. His choice of the council of ministers is also a prudent mix of experience, performance, potential and politics. We are quite optimistic that this team will deliver results, and the Indian economy will hit the USD 5 trillion mark soon.

The key expectations from this government centre around capex and infrastructure-led recovery, fixing the struggling financial system and driving rural incomes.

Exports growth will be handled at individual corporate levels. I am not optimistic that we will get a comprehensive policy for driving exports industry-wise, like textile sector package, given Bangladesh exports more textiles than us. I hope they announce a strategic plan for the tourism sector, which can be a high employment generator at the bottom of the pyramid. I hope we see a follow through with simplification of laws especially taxes, and reduction of rates.

Based on the above assumptions, the eleven stocks I have selected in my portfolio are

Openers - L&T, SBI

Middle order - HDFC Bank, ITC, Reliance Industries, Siemens

Wicketkeeper – Gujarat Gas

Bowlers – KEC, Tech Mahindra, Capacite, SBI Life 

I have chosen L&T, KEC and Capacite as infrastructure plays.

For playing the growth in the financial services sector, I have chosen SBI, SBI Life and HDFC Bank.

The consumption story will be played using ITC which is the least expensive of all FMCG stocks now.


Reliance Industries is uniquely placed because of its presence in petroleum refining to Jio and everything in between including retail. Tech Mahindra is a play on rupee depreciation and telecom sector expertise coupled with inexpensive valuations.

Gujarat Gas is expected to double its volumes over the next 4 years with strong financials and growth opportunities.

My dream team:


I have chosen my team and urge you to choose your dream team too. We’ll take stock after a year and check to what extent our dreams manage to team up with reality. 

All the best!

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