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Daily Voice | Companies with a domestic focus would outperform this earnings season, says the CIO of Quest Investment Advisors

A value investor, Aniruddha Sarkar does not believe in index-hugging when it comes to sectoral allocations, and sees promise in the consumer and banking sectors.

January 08, 2023 / 06:11 PM IST
Aniruddha Sarkar of Quest Investment Advisors

Aniruddha Sarkar of Quest Investment Advisors

"Given the global macro headwinds, interest rate hikes, and overall demand slowdown (especially in rural India), overall profitability in Q3FY23 may continue to remain volatile and under pressure in the near term," Aniruddha Sarkar of Quest Investment Advisors said in an interview to Moneycontrol.

Overall, he feels that companies with a domestic focus and relatively lower linkages with the external environment would outperform. For banks, as the impact of rate hikes flows through, along with the possibility of further hikes, NIMs (net interest margins) should remain strong in the near term.

With over 15 years of experience in the capital markets, this Chief Investment Officer and Portfolio Manager is responsible for managing all the PMS (portfolio management service) and AIF (alternative investment fund) strategies at Quest.

He says that going by the FOMC (Federal Open Market Committee) minutes, the US Federal Reserve (the Fed) may pause at 5.25 percent interest rate, i.e., 100 bps (basis points) higher than current levels. However, that may not mean that the Fed would start reversing the rate cycle in 2023 itself.