"The Indian government s focus on completing infrastructure projects before the elections in May 2024 will create significant demand for cement, steel, chemicals, and construction companies. These sectors are good investment opportunities for the next seven to eight months. The PSU banks will continue to perform well due to government spending, while the IT sector benefits from a weaker rupee. Additionally, there is potential in the hospitality sector, particularly in Indian Hotels and East India Hotels. "
“What I am trying to caution investors against is that the themes are good but what they are paying today should be more than paid back by future profitability. That is what the focus of investors should be. In so many companies, there was this concept of buy at any price. I think those stocks have not performed.”
“For someone who is invested in railway and defence stocks, it is not a bad idea to take some money off the table because stocks have moved very significantly and we have seen gains that are 200-300-400% over the last 9 to 12 months.” From a relative basis we find much more value in IT and pharma and we are clearly taking money off of some of these sectors which have done exceedingly well over the last let us say 18 months which is essentially financials and capital goods and putting that money to work into IT and pharma.
"First recommendation is Sun Pharma. The stock is breaking out of a consolidation phase and looks good for fresh buying at current levels and can attain levels of Rs 1,210 with a stop loss at Rs 1,110, one can go ahead and buy the stock. The second is TCS. The stock is good to test levels of Rs 3,680-3,700 on the upside, with a stop loss at Rs 3,450-3,500 on the downside."