Stay updated with breaking news from Sandip sabharwal. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sandip Sabharwal says: : "The outlook is good for most of the large private sector banks. It is just that you need to wait for the correction to get over because as the correction plays out, you will also see these banks form a large proportion of the index as well as the holdings correct. It is a matter of when to buy, not whether to buy. I would say 5% to 7% lower in all of these banks should be good levels." ....
“In the largecap side, if there is a dip, we could buy into ICICI Bank, that is the preferred bet and then Maruti. That is one stock which has not performed at all although most of the other stocks have moved up, so that I think still has a decent value. A contrarian bet would be stocks like Tata Steel and Vedanta. Now, whether I am buying that on dips is the question.” ....
“Midcaps have rallied substantially, we need a growth of at least 10% or more for the industry for the overall stocks to do well because it is not an under-owned sector. Most funds own a significant amount of IT stocks despite the downturn. People who do not own, should start allocating. People who have reasonable exposure, should not go overweight right now.” ....
“Many of these PSU stocks have become meme stocks in India. So we have all heard of meme stocks. A set of HNI investors catches hold of these stocks. Liquidity is limited and then they get pulled up easily. And then retail investors come in in a big way. I think people should be very, very cautious of these moves.” ....
“Many of the stocks in the discretionary space are down. Now, what we need to think of is whether this is going to be a prolonged slowdown which will accelerate towards a bigger slowdown or as things stabilise, we will see a recovery. I would be more optimistic than pessimistic.” ....