Prakash Diwan, a Market Expert discusses with Anuj Singhal and Surabhi Upadhyay his analysis on the fundamental side of the market as well as specific stocks and sectors.
What the market seems to be doing is to start nibbling into things that are neutral and indifferent to the trade war. Pidilite is something that is completely on the domestic consumption side. I do not know how we interpret this going forward, but because of this sell-off, the valuations have become fairly reasonable even on the consumption basket, he said.
Look at some of the stocks which have got nothing to do with what is happening across the globe except for sentiment and that potential fear of liquidity drying out or the momentum ebbing out is actually making reasonable valuations back to the fore. My sense is consumption will start emerging as a very strong theme; infrastructure and consumption will probably lead the next recovery whether it happens in April or May, he added.
The likes of Pidilite, some of the paint companies definitely are the ones that you would want to look at very actively because technically there is no headwind here and fundamentally their financials only get stronger by the quarter, he further added.
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