"In most of the consumer pack, valuations are not cheap. Therefore, our preference for defensives is more towards pharma and largecap IT stocks in our portfolios."
3 reasons why the rally in metal stocks may not end so soon
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Last Updated: May 25, 2021, 02:06 PM IST
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Synopsis I think these corrections are healthy. We are still very positive as far as metals are concerned.
ETMarkets.com
As there is a strong demand for metals, the supply chain is not yet fully in place and there is an expectation of a super cycle, the party in metal stocks has just begun, argues Sridhar Sivaram, Investment Director, Enam Holdings, in this interview with ET Now. Edited excerpts:
Do you think that this momentum in the market is here to stay? Has the market already priced in all the negatives?
Cyclicals will continue to surprise: Aditya Narain
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Last Updated: May 24, 2021, 01:12 PM IST
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ETMarkets.com
Aditya Narain, Head of Research, Edelweiss Financial Services, says he is biased much more towards cyclicals. Edited excerpts from his interview with ET Now:
Why is the market so strong even as the earnings estimates for FY22 are challenged because of the medical crisis?
It is because of a combination of several factors. Both the global economy and markets are doing well and that is helping earnings in India through exports. The second thing is the easing off of the second wave of Covid. The third thing is that while there will be some risks to earnings from a demand perspective, we are doing reasonably well on the cost side. That said, you got to be watchful because the demand outlook has clearly faltered over the last month or so.
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Sectors that were out of favour in the last 5-10 years are now coming back on their own, says Anshul Saigal, Portfolio Manager & Head - PMS, Kotak Mahindra AMC. Edited excerpts from his interview with ET Now:
What is your reading of the mild consolidation seen in the market? The broader market has put up a decent show.
What is not visible to the observer of frontline indices is that there is a broad-based uplifting of stock prices in the Indian bourses. In the last 3 years, the rally was quite polarised and favoured only a few select largecaps and the so-called quality and high cash flow kind of companies. This is becoming more broad-based now.