With several companies making work-from-home optional or mandatory, households are pushing to buy bigger houses in order to increase the comfort of their working space. Indian joint family tradition, even in big cities, makes the current set-up unsuitable to work from home, according to industry watchers.
Further, the steep cut in interest rates undertaken by the central bank over the past two years coupled with initiatives such as stamp duty cuts in places like Mumbai have given a fillip to demand as well.
“Low mortgage rates and muted price hikes will continue to support demand along with availability of ready to move inventory,” brokerage firm
Stocks to buy: Investing with a 2-3-year view? Look for value in unpopular sectors
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Stock Market: Kenneth Andrade on where one can book profit in this market
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How D-Street’s roaring 2020 proved a bittersweet year for India’s ‘midcap mogul’
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Synopsis The former star fund manager of IDFC Mutual Fund is known for his ‘buy and hold’ strategy through which he has over the years discovered hidden gems.
Kenneth Andrade has had a formidable track record of giving 22.3% annualised returns for a decade.
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MUMBAI: One of India’s most accomplished value investors, Kenneth Andrade, is what the Reddit generation will call the original ‘diamond hands’. The former star fund manager of IDFC Mutual Fund is known for his ‘buy and hold’ strategy through which he has over the years discovered hidden gems like Page Industries, MRF and VA Tech Wabag.
Kenneth Andrade, Founder & Chief Investment Officer, Old Bridge Capital Management. In an interview with
Samie Modak, Andrade spells challenges in playing the ‘value’ theme. Edited excerpts:
What are your views on valuations and corporate earnings? Earnings growth is reverting to mean. This is a good thing as it does provide a lot of cash flow to corporates to restructure their business operations. So rather than looking at earnings growth we should look at how profitability improves financial health of the business. This trend remains secularly upwards. And that is one of the reasons why markets trade at fair valuations. Given the macro-onslaught of liquidity and abnormally-low interest rates, high valuation can be sticky. That shouldn’t be the reason to get complacent about them.