The most important rule while investing is to keep your eyes open and buy, said Vijay Kedia, MD, Kedia Securities
Vijay Kedia, MD, Kedia Securities is of the belief that the current bull maket is 14 years old and that every bull market has had a sectoral leaders.
For example in 2003-2007, there were 5-7 sectors which led the market and similarly in 2007-2014. However, the most wealth was created between 2007 and 2014 and many stocks gave a return of more than 100 times in that period, he says.
Capital Goods, which did well in 2003-2007 did not do well from 2007 to 2014 but may join the party now, maybe even after a year, says Kedia.
He also specified that all his investments are confined to smallcaps and midcaps.
According to him, the chemical cycle which started in 2014, has some more upside left in 5-10 years.
Talking about consumption theme, he likes Kokuyo Camlin is a proxy to education sector and expect the turnover for the company to double in next few years.
He says, the stationery market in India is worth Rs 20,000 crore, says Kedia.
With regards to banking, he thinks March could be the last quarter when small banks could face some problems.The most important rule while investing is to keep your eyes open and buy and look for quality management. One must always be doubtful, fearful and careful in any market, advices Kedia.