As Samvat 2083 begins, brokerages like HDFC Securities and Kotak Neo are focusing on infrastructure and defense to navigate market volatility. Following an 11% decline in the Nifty 50 during Samvat 2082, analysts are prioritizing firms with high order visibility and projected double-digit earnings growth for FY27 and FY28.
The transition into Samvat 2083 marks a shift in institutional strategy, with major brokerage houses including HDFC Securities and Kotak Neo anchoring their portfolios on domestic resilience. After a challenging Samvat 2082, which saw the Nifty 50 decline by approximately 10 to 11 percent due to foreign institutional investor outflows, geopolitical tensions, and fluctuating energy prices, the current investment focus is moving toward businesses with clear, long-term revenue visibility.
Infrastructure and defense have emerged as the primary defensive themes. This strategy is built on the strength of large order books, which analysts view as a shield against broader market uncertainty. For instance, Larsen & Toubro reported a consolidated order book of ₹8.54 lakh crore as of September 30, 2026. Similarly, the defense sector remains a major point of interest, with Bharat Electronics Limited holding an order book of ₹68,717 crore as of early October 2026, and Hindustan Aeronautics Limited maintaining a significant backlog of approximately ₹2.54 to ₹2.55 lakh crore, providing multi-year revenue stability.
Beyond heavy industry, brokerages are also looking at shifting consumption patterns. The outlook includes interest in quick-commerce players like Zomato, as companies expand their physical presence, and established names like Titan that continue to consolidate market share in organized retail. For export-oriented segments, firms like KPR Mill are being monitored for potential benefits from new international trade agreements.
However, the outlook is not without caution. Institutional analysts note that while the projected earnings growth for the Nifty 50 remains strong—modeled at 18 percent for FY27 and 13 percent for FY28—achieving these targets depends on several variables. Investors should track how companies manage execution risks, particularly supply chain constraints that can delay defense orders. Furthermore, businesses remain sensitive to external factors, including potential spikes in crude oil prices due to regional conflicts and the ongoing impact of a strong US dollar on foreign capital flows.
Ultimately, the success of this strategy relies on disciplined stock selection. As the new Samvat unfolds, the key monitorables for shareholders will be quarterly updates on order execution, profit margin stability amidst fluctuating input costs, and any shifts in foreign investment sentiment that could affect liquidity in the broader market.