Aberdeen had bought 1.5 percent stake in Paytm in the anchor issue before its initial public offering in November 2021.
Speaking to CNBC-TV18 Adrian Lim, Senior Investment Manager, Aberdeen Asset Management, said the US Fed won‘t go in for a rate hike in this round, but there will be a guidance coming forth on what to expect from it in the next round.
In the financials space, Adrian Lim of Aberdeen Asset Management likes private sector banks. He says a bank like ICICI Bank has been troubled because of the asset quality that it has been delivering.
Speaking to CNBC-TV18, Adrian Lim said he was not expecting one or two announcements from Finance Minister Arun Jaitley this Budget, rather a basket of reforms, starting from steps taken to lift infrastructure and quality expenditure in capital competitiveness.
Infy has been lagging in earnings and growth assumptions for sales over the last two-three years, but there are some fundamental shifts within that stock. Adrian Lim, Aberdeen Asset Management would like to see some stability and consistency in decision making going forward, on the back of reshuffling of leaders within the senior management.
Adrian Lim of Aberdeen Asset Management continues to remain overweight on Indian market, with a positive view on consumer staples sector. He believes the India consumption story is very much intact.
In an interview to CNBC-TV18, Adrian Lim, investment manager - Asian Equities, Aberdeen Asset Management says that while the fourth quarter earnings numbers were disappointing they are still positive on the stock.
It is a not a market for the chicken-hearts. Though Indian market is directionless and almost on a losing spree, some feel that this is the best time to invest.