Gautam Sinha Roy from ICICI Prudential Life Insurance discusses the recent market corrections, noting that there are opportunities in individual stocks. The Covid period presented short-lasting sharp opportunities, with corrections more in smallcaps. The present corrections have not provided as good opportunities though one can look at the aviation and airport theme, PSU, utility sectors as well as the T&D space.
Dharmesh Shah, Head-Technical at ICICI Direct, suggests viewing PSU corrections positively as buying opportunities. He also anticipates that Nifty momentum will sustain and has a positive outlook on Nifty auto index and Maruti. He further recommends accumulation in the IT sector for medium-term gains as he expects a gradual recovery in the IT index.
NTPC, NTPC Green Energy, Coal India, and NLC India sign MoUs with RVUNL to enhance efficiency and develop thermal and renewable energy projects. NTPC plans to add supercritical units to the existing Chhabra thermal power plant. The agreements aim to reduce generation costs and expand non-fossil capacity to 45-50% with a total portfolio of 130 GW by 2032.
Rajeev Mantri of Navam Capital says regulator action and frothiness in smallcap and midcap segments have spooked the market. Privatisation of PSUs, attractive investment themes in metals and banking stocks, and alignment with renewable energy, healthcare, and fintech sectors are key areas of interest. Metals and banking stocks are looking very attractive and it also plays into the larger theme of the privatisation policy.
Over the course of more than four decades, the company has amassed invaluable expertise, successfully delivering a multitude of projects spanning roads, buildings, bridges, irrigation, mining, and more, consistently meeting project deadlines.