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Daily Voice | Margin normalisation will take 2-3 quarters if commodity prices stabilise: Ashutosh Tiwari of Equirus

Capex and Real Estate recovery are the themes for the next few years, so expect a better performance by Capital goods, Industrial, Real Estate and Building material companies,says the Managing Director for Equities at Equirus.

March 31, 2022 / 10:20 AM IST

"A good Rabi crop harvest is now critical for rural demand revival and, in turn, improvement in pricing power of different industries,"  Ashutosh Tiwari, Managing Director-Equities,  Equirus, said in an interview with Moneycontrol.

After a significant rise in commodity prices, he feels margins are likely to remain under pressure due to commodity inflation as well as an increase in freight costs due to the rise in diesel prices, and believes that price increases by corporates will be gradual.

Hence, margin normalisation will take 2-3 quarters if commodity prices stabilise, says Tiwari, who has more than a decade of experience in equity research. Edited excerpts:

Do you think the Fed action going ahead will be a bigger cue than the Ukraine-Russia war now, for the equity market?