In an interview to CNBC-TV18's Prashant Nair and Ekta Batra, Mukul Kochhar, Head of Institutional Sales (India), Investec Capital Services shared his reading and outlook on the market and also gave recommendations on various stocks.
"Valuations are high, but you basically focus on stock picking. There are enough stocks that you can get even in this environment", Mukul Kochhar, Head of Institutional Sales (India) at Investec Capital Services told CNBC-TV18.
Overall the impact on India from Donald Trump‘s protectionist rhetoric is limited believes Mukul Kochhar, Head of Institutional Sales at Investec Capital Services because export as a percent of GDP in India is limited. Including services, exports is around 15-20 percent.
IT stocks were down this morning on back of Donald Trump commenting that he will not allow Americans to be replaced by foreign workers. Demonetisation back home is a distress for many sectors. Mukul Kochhar of Investec Capital says that demonetisation & Trump victory are the two factors playing out in markets.
Mukul Kochhar, Head Of Institutional Sales (India) at Investec Capital Services, tells CNBC-TV18 why HDFC Bank should be a core portfolio constituent and if Infosys looks attractive after its Q1 results-triggered correction.
PSU bank stocks have witnessed a surprising growth this week. Kochhar says, that if there is help from the government to help them with stressful assets like in the case of IDBI Bank, the PSU bank stocks will continue seeing improvement.