Thank you @pankajs for your quick reply.
Since I am new to stock markets, I have chosen the following stocks which are industry leaders in their sectors. These cater to sectors which are essential in a growing economy like India: Finance, Banking, IT and Construction. These will move with the markets and provide less volatility as per me. Though they are all expensive, but with SIP approach, I may generate 10-20% returns in long term from these companies.
HDFC, HDFC bank, L&T, TCS, Bajaj Finance.
I have personally been a client of HFDC and HDFC bank and also Bajaj Finance. I think they have amazing customer focus and deep penetration and are heavily involved in India's growth roadmap.
Piramal Enterprises: I have read few articles related to Mr.Ajay Piramal and am impressed the way he turned the company around. Also with the plan for demerger of the group, there is some value unlocking expected and hence I invested in this.
Jagran Prakashan: I read the thread here and saw one report where in the growth in the paper/radio industry will be stable in next few years. Also there is some groundwork being laid for radio business demerger. But the think I like the most about this company is how they are slowing increasing their focus in digital communication space and there is huge growth potential in that area. Hence I chose this.
Wim plast: Though this stock has run up since last 3-4 years, I read a report which fore casted the plastic industry to be growing at a stable growth. I have personally used Cello plastic products and find them to be of very good quality at reasonable prices. The company has also forayed into bubble wrap and aircoolers and i think that will bring good growth in the future.
Balmer Lawrie: This is packaging PSU which has an extremely stable chart since last many years and has very good dividend payout. Hence I chose this as a defensive bet which may not give extraordinary returns but will provide stability during turbulent times.
Transpek: I invested in this based on the cheap valuation it is available at. I dont have much info about this one as it was recommended by a friend.
Geecee: I have invested this in for short term as the company is going to deliver possession of one premium real estate project in the next one year which will bring very good gains to them.
Hence my basis for selection of most of the above stocks has been varied: good management, good opportunity, demerger value unlocking, sector leaders etc. My overall expectation is to generate 25% returns in long term and I plan to follow the quarterly results for each of these stocks. I also plan to review the returns each year and lookout for other opportunities to add/replace.
Looking forward to your guidance.