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Date Submitted: 04/25/2011 06:30 AM
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Top 5 Sectors to Invest in FY 2010-11
by Viral Dholakia
New financial year 2010-11 kicks-off much on the back of pompous global recovery witnessed during the second half of the FY 2009-10. And, equity markets are no laggards in terms of catching these cues before hand.
However, the markets have remained largely range bound since June 2009 to March 2010 within the range of 4500 to 5300 on the Nifty index. This range bound movement can be termed as a broad based consolidation after a scorching pace of market recovery from its recessionary trough levels.
Now, that markets are again back at Nifty 5300 levels, it is on the verge of a likely breakout. Hence, it would be a prudent idea to have a check as to which sectors and industries would it be worthwhile for the investors to plough their hard earned money. Investors would be keen to know which sectors are placed better to be among winners for the FY 2010-11.
1) Power Sector
With the rising population and growth story of India, the need of fast paced growth in power generation is increasingly gaining importance. Energy is one of the major contributors to the economic development of a country.
The government has targeted electricity for all by 2012 by the end of 11th Five Year Plan. The demand of electricity is growing exponentially. And, herein lays the opportunities for investors to plough their money in public and private sector companies both.
At present, coal based thermal power plants accounts for almost two-thirds of the energy needs of the country. However, the government is increasingly becoming aware about the benefits of generating power through cleaner nuclear power plants.
More recently, during the Budget 2010 announcement, the government has also laid emphasis on the development of non-conventional energy resources such as Solar and Wind Energy. Rural electrification is also a significant initiative by the...