Invest in RIL, Hindalco, Tata Steel: Gopi Suvanam

Gopi Suvanam of InvestWorks told CNBC-TV18, “There is a big sectoral rotation that is happening. Initially there was lot of investment into defensives like pharma, fast moving consumer goods (FMCG) etc. Then people started looking at rate sensitives. Now I think is the time to look at some of the stocks that people have not talked in the last couple of years for example metals or oil and natural gas, energy etc.”

He further added, “People have not looked at Reliance Industries in lets say 2-3 years. So, that is one stock that you can look at buying at this moment because fundamentally there is strong news supporting that stock and also technically there could be some liquidity going into these sectors – away from the sectors that are already over invested.” “Another particular sector as I had mentioned is metals which has sort of under performed over the last couple of months like for example Hindalco or Tata Steel have not done really well in the last couple of months. So, one can start looking at investing in those sectors.”