Arindam Ghosh, MD & CEO of Blackridge Capital Advisors told CNBC-TV18, "India is a growth market. We have been seeing some evidence of growth starting to kick in from the lows that it had touched. This would again propel some kind of a sector rotation which is going to happen. Typically from a long only portfolio point of view I think one would really need to stay invested in quality stocks and not worried too much. The next six months are going to throw up lot of opportunities to find value."
He further added, "We have seen a fair amount of run up in valuation, particularly in the fast moving consumer goods (FMCG) space. So any kind of correction from here would be good buying opportunities, because in the midst of all these chaos around liquidity squeeze we would see the defensives coming to the forefront. So typically IT, pharma and consumer staples is where the money probably is going to move in the short-term. It is time to start building positions on capital goods, infrastructure over a two month perspective."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
