Kenneth Andrade, of Old Bridge Capital Management, emphasizes market breadth narrowing to specific stocks and commodity favoritism. He discusses challenges in the IT and defense sectors, PSU companies, and future businesses like Zomato and Paytm. Andrade says: "I am a firm believer that any company out there who gets pricing power will get price earning multiples. "
Kenneth Andrade anticipates significant growth in the power market, emphasizing massive investments in energy capex equivalent to India s GDP over the next 15 years. He discusses the impact on various sectors and the rationale behind his pharma holdings, focusing on profitability potential. Andrade says he is avoiding banks because he chooses to be on the asset side and not on the liability side.
Kenneth Andrade of Old Bridge Mutual Fund advises caution in the financial year, emphasizing efficient cash deployment, managing expectations, and watching out for factors like tariffs and supply chain imbalances. He predicts a focus on commodities and resurgence of capex. Andrade says the best case for 2024 is to be ready for 2025.
Claymore Investments (Mauritius) offloaded almost their entire stake in PB Fintech, while Silverview Portfolio Investments sold their entire stake in Indus Towers.