Nuvama names ITC, United Breweries and Asian Paints as top 12-month picks
According to TradingView, Nuvama's Abneesh Roy favours ITC, United Breweries and Asian Paints for the next year, with ITC upgraded to buy on a favourable tax outlook.
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what happened
According to TradingView, Abneesh Roy, Executive Director at Nuvama Institutional Equities, names United Breweries, ITC and Asian Paints as the top stock picks for a one-year horizon. Nuvama upgraded ITC from hold to buy, expecting a favourable tax environment ahead of the Union Budget. The brokerage expects no tax hikes on February 1, after heavy pressure on the legal cigarette industry.
Roy also highlighted Marico, Trent, Restaurant Brands Asia, Radico Khaitan and Hindustan Unilever. He said the ITC cigarette unit's volume and profit declines were in line with estimates, and that Asian Paints and Pidilite can benefit from third-quarter price hikes and festival demand.
why it matters
For investors, this is a brokerage view on Indian consumer and retail companies, where results depend on tax policy, volume growth and valuations.
tags
instruments
sources
- ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy — TradingView, 3 November 2026 at 06:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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