Financials is an interesting space because the market share has shifted from PSUs to private in spaces banks, insurance, AMCs, said Pankaj Tibrewal, Senior VP & Equity Fund Manager, Kotak MF.
The bulls today clawed their way back to erase early losses as markets ended at a fresh record high. The Nifty closed above 10,650 and Sensex up 70 points to close at 34,503.49.
Fundamental and technical experts S P Tulsian of sptulsian.com, Ashwani Gujral of ashwanigujral.com, Mitessh Thakkar of mitesshthakkar.com, Prakash Diwan and Sanjiv Bhasin of IIFL along with Pankaj Tibrewal, Senior VP and Equity Fund Manager, Kotak Mutual Fund shared their outlook on the market and specific stocks/sectors.
Tibrewal sharing his strategies for 2018 with regards to small and midcap funds said some caution is warranted for 2018 although the midcap space has done well over the last 2-3 years.
The reason for caution is because lot of lower rung stocks have started to move up on back of momentum.
Therefore, in the near-term there could be some correction in midcaps but from 3-5 years perspective it looks promising because of the different business models of some of the companies.
Going forward, with the ordering momentum in the infra and capital goods space picking up they have started to look interesting, said Tibrewal. In that space pipe and abrasive companies look good, which are linked to economic growth.
Tibrewal said the other interesting space is financials because of market share shift from PSUs to private companies in spaces like banks, asset management companies, insurance etc.
One can also look at making money in the consumer discretionary, space over the next three years, said Tibrewal.“Over the next 3-5 years, if one is a good stock picker then money is still to be made,” said Tibrewal.
Affordable housing is again a theme to be played over the next 3-5 years, he said.For more on stocks/sectors discussed by other experts, watch video