There are public sector banks which still have good valuations and asset quality metrics even after accounting for bad assets, says IV Subramaniam, MD & CIO Quantum Advisors & Director, Quantum AMC.
The economy, too, looks like it is on a growth path, although the rural sector is still a worry, says IV Subramaniam, MD & CIO, Quantum Advisors.
At current valuations, pharma stocks are not cheap but if they correct then they become attractive despite near-term headwinds, said IV Subramaniam, of Quantum AMC.
In an interview with CNBC-TV18, IV Subramaniam, Director at Quantum Asset Management Company, outlined his view on the market and a number of sectors, including commodities, IT, pharma and financials among others.
IV Subramaniam of Quantum Advisors is bullish on the auto segment — both 2-wheelers and 4-wheelers; hotels, media, large IT companies and the banking space.
IV Subramaniam, MD & CIO at Quantum Advisors has a positive view on public sector undertaking banks as well as private banks.
IV Subramaniam, MD and CIO at Quantum Advisors is bullish on sectors such as IT, automobile, consumer discretionary and hospitality. He also feels valuations are attractive in the energy sector. But, according to him, NBFCs still look expensive
IV Subramaniam, MD & CIO at Quantum Advisors likes the PSU banking space including State Bank of India.
IV Subramaniam, MD & CIO, Quantum Advisors is not yet ready to put money in pharma and metal shares because of earnings concerns.
In an interview to CNBC-TV18, IV Subramaniam, director of Quantum Asset Management said that he is positive on IT stocks. Subramaniam feels that earnings numbers of most companies will be normal; however, the domestic market will remain volatile unless global markets stabilise.
IV Subramaniam, Director of Quantum AMC, in an interview on CNBC-TV18 spoke about his reading of the market ahead of tomorrows monetary policy review by the Reserve Bank. He also gave his views on certain sectors.