The Covid-19 pandemic caused widespread uncertainty and panic in financial markets worldwide in 2020. Stock markets across the globe suffered strong losses as concerns over the pandemic and its potential economic impact grew.
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Market pullback an opportunity to buy quality consumer stocks
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Last Updated: May 03, 2021, 02:27 PM IST
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Synopsis
If one is looking at it from a 12-18 months perspective, there is deep value in banking stocks, says Rahul Chadha, CIO, Mirae Asset Global Investments.
ETMarkets.com
Rahul Chadha, CIO, Mirae Asset Global Investments, says this pullback gives an opportunity to buy quality consumer discretionary names. If the Covid wave peaks out in the next 3-4 weeks, as is being expected, the idea would be to move towards domestic cyclicals and take some money off the table from global cyclicals like tech materials which have done very well in the last six months, he says in this interview with ET Now. Edited excerpts.