Credit Suisse's list of most and least preferred 2015 picks

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Credit Suisse Picks for 2015

Gujarat Pipavav , Havells , HCL Technologies , HDFC Bank , Kajaria Ceramics , Maruti , Shriram Transport Finance and Sun Pharma

Avoid:
 Bharti , BHEL , SBI and Tata Steel

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Some near term hiccups—especially on the reforms front—notwithstanding, India still stands out as a good investment destination for global investors, feels brokerage house Credit Suisse. "In a world struggling for growth, India stands out. Even as reform expectations get tempered, particularly as constitutional amendments (e.g., GST) cannot be passed in joint sessions, and repeated promulgation of ordinances shows legislative difficulties, a low base and slower but structural changes help steady growth," says the Credit Suisse note to clients. "India's better medium-term growth outlook for earnings economy should also support the broader market," says the note.

The brokerage has rated Gujarat Pipavav , Havells , HCL Technologies , HDFC Bank , Kajaria Ceramics , Maruti , Shriram Transport Finance and Sun Pharma as its top picks.

Credit Suisse has rated Bharti , BHEL , SBI and Tata Steel as its least preferred stocks.