Ridham Desai of Morgan Stanley, speaker at an Investor Camp organised by CNBC-TV18, said he expects the markets to remain rangebound in 2011. "2012 will be a better year," he told investors. He said it is time that investors started focussing on individual stocks and placed his bet on midcap stocks.
Desai has found midcaps to be far more rewarding than largecaps. "If you are taking a two-three or four year call, history tells you that you actually make money on only mid- and smallcap stocks. So they handsomely outperform largecap." I
He told investors to plan their portfolio and adviced to not concentrate on any single sector. However, from a long-term perspective, consumption and agriculture stocks look attractive, he told investors.
Ridham Desai is bullish on coal and copper and said that there is a need to look at commodities from a portfolio basis. Auto stocks too look interesting, he said. Below is the verbatim transcript. Also watch the accompanying video. Q: How long will this difficult phase last according to you because it
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