Sanjiv Bhasin, renowned market analyst, delineates his prognostications regarding sectors poised for near-term outperformance with sagacity and acumen. In his astute analysis, he discerns three.
Amid election result uncertainties, staying invested is advised. Anticipated market rebound post-results may drive new highs. Favorable fundamentals support quality stock buying, especially in insurance and banking sectors. Opportunities also seen in mid and small-cap stocks like Rattan Power.
Sanjiv Bhasin, Director at IIFL Securities, discusses the bullish trend in stocks, particularly in capex and cable-related sectors. He highlights optimism despite high valuations, mentioning GMR and RR Kabel s performance.
CLSA has labeled certain stocks as Modi stocks which have performed well recently. Sanjiv Bhasin from IIFL Securities suggests booking profits in these stocks, especially PSUs. He recommends focusing on FMCG, private banks, and specialty chemicals for better performance. He also says if one is interested in pharma stocks, it is better to buy a pharma fund.
Capital allocation has been concentrated in specific sectors, leaving many with limited funding. Fund managers currently favour sectors like PSU, industrials, and defence, while showing less enthusiasm for FMCG and auto.