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You are of the view that right now there is no sense in being very cautious and defensive and you are also positioning your portfolio tilted towards risk via financials. Explain your hypothesis. Last year, in March-April, Covid was the unknown-unknown and today it is a known-unknown. That means we have at least half of the things and vaccines are already here. So probably the worst is behind us in terms of Covid and that is the global opinion from the scientists’ perspective. The market is always ahead of time. You cannot try to time the bottom. It is absolutely not possible. So the economic recovery remains very strong and therefore right now, it is better to take more exposure towards the recovery plays. ....
Bullish on 3 themes; expecting broad-based earnings growth: Rajesh Kothari SECTIONS Last Updated: Mar 01, 2021, 07:58 PM IST Share Synopsis Auto ancillaries, specialty chemicals and capital goods are the three themes the CIO, Alfaccurate Advisors, is very positive on. Related In Q3, your portfolio companies have posted a 16% growth on the top line, margins have expanded and profitability is very healthy. What kind of numbers have you worked on for your portfolio for FY21 and what kind of earnings growth do you expect for FY22 & FY23? This time it is going to be a very broad-based earnings growth recovery. The entire market aggregate as well the third quarter was contributed by a number of sectors. This is unlike the last 2-5 years where growth was contributed by only one or two or three sectors. ....