So, when you compare relatively, we may be a standard, two standard deviation above rest of our peers and that is what is somewhere giving support to this market that when you talk to the senior policymakers, they are very clear that they are willing to sacrifice near-term growth for the macroeconomic health of the country, etc, and I think things are on control. We have had strong execution on the infrastructure projects.
Rahul Chadha, Chief Investment Officer at Mirae Asset Global Investments, provides insights into his near-term market outlook and explains his decision to take profits off the table as the bulls dominate Dalal Street.
I think growth recovery is going to be slower. What you are going to see is gross margin expansion which comes through because of RM benefits, lower commodity prices. But the revenue momentum is going to be slower. See, we have all seen the slowdown in the economy. There were pockets, some select autos, some QSR companies which were doing well.
So I think that is a space which has not done much for the last two, three years. We have continued to like hospitals over pharma but this may be the time for some of these generic pharma names.
/PRNewswire/ Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), has announced the completion of the conversion of two actively.