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Daily Voice | Would not be surprised if we continue to see higher oil prices: says Naveen Chandramohan of ITUS Capital

The Founder & Fund Manager of ITUS Capital believes that it is better to focus on individual companies rather than the market, noting that markets will touch new highs in a regime of easy liquidity, but individual companies will generate consistent returns on the back of robust cash flow growth.

April 14, 2022 / 09:27 IST
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Naveen Chandramohan is the Founder & Fund Manager at ITUS Capital.

"In India, we have a stable government that is focused on business. Moreover supply chain global uncertainty has helped India in a big way. So, it's hard to expect the market to be cheap under these circumstances," Naveen Chandramohan, Founder & Fund Manager of ITUS Capital, told Moneycontrol in an interview.

Commenting on industrial commodities, which have rallied quite sharply in the past few months, he said: "Generally, supply-driven rallies tend to normalise as we will see additional capital (in the form of capex) getting set up. However, this time around, I surprisingly do not see additional capital coming into oil & gas globally at these high prices. In this dynamic, I would not be surprised if we continue to see higher oil prices from here," he said.

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Edited excerpts:

Do you think the market has priced in expected weakness in margins on higher inflation?