If I give you 1 million dollars right now, where will you invest the money, CLSA analyst selects 7 Indian stocks:

News Topical, Digital Desk : If you are given $10 lakh (about ₹8.3 crores) to invest and you have to invest this amount for five years. So which stocks will you buy? This question was asked to the research and sales team of CLSA. On this, they selected 7 Indian companies from 30+ global ideas, which include big companies from different sectors and some midcap names. CLSA expects tremendous growth and outperformance in these stocks in the coming years.

Shares of Indian companies selected by CLSA

The first share is Eternal Yes, Zomato. They say that quick commerce is the biggest disruption. Blinkit Q1 gross order value is 6–8% better than expected. There is a great possibility of EPS growth. At the same time, CLSA has set a target of ₹ 385.

2. Ion Exchange has been selected. But it is out of CLSA's coverage list. Let us tell you that rapid growth is expected in water treatment chemicals and EPC business. It has a strong balance sheet.

3. D-Mart (Avenue Supermarts). Income is expected to double by FY28. It is India's most profitable retail company. The market is not fully pricing in store expansion yet. CLSA has set a target of ₹ 6,408.

4. Coforge (out of coverage) This is also out of CLSA's coverage list but the analyst has selected it. Diversified IT consulting and software company. Benefit from global demand recovery.

5. FIEM Industries (out of coverage)- Manufactures auto lighting, signaling equipment and rear-view mirrors. Benefit from auto sector upcycle.

6. Power Grid- There is an investment supercycle in the power sector. There is a huge need for grid network upgrade by 2040. Direct benefit will be received from AI/data center growth in India.

7. Infosys (INFY)- The last stock in the list has the strongest position in the IT sector. Demand is expected to improve from Q2.

8. Reliance Industries (RIL)- Big growth is expected from Jio and retail. The target is to double the size of the company by FY30. Valuation is attractive. CLSA target: ₹1,650 has been set. According to CLSA, big names like Retail (D-Mart), Quick Commerce (Eternal), Power (Power Grid), IT (Infosys, Coforge), Reliance can be safe and strong bets for the next 5 years. On the other hand, midcap companies like Ion Exchange and FIEM can add a tadka of growth.

US Dollar = ₹ 88- So, 10,00,000 (10 lakh) US Dollar = 10,00,000 × 88 = ₹ 8,80,00,000 (8 crore 80 lakh rupees) i.e. the value of 10 lakh dollar is approximately 8.8 crore rupees right now.