Pankaj remains positive on Indian equities, emphasising the importance of cautiously investing only in quality companies within mid caps and small caps.
The budget sets the path for the long-term sustainable growth of the Indian economy with a pragmatic and prudent approach
Parag Thakkar of HDFC Securities is overweight private sector banks and recommends buying IndusInd Bank, Kotak Mahindra Bank and Axis Bank. He is also bullish on selective public sector banks like SBI and Union Bank.
Market expert Ajay Bagga said that the overall situation remains worrisome and there is a possibility of an earnings downgrade in April or May. Going ahead, market will correct further and it is best to invest then.
Speaking to CNBC-TV18, Jai Bala of 1857 Advisors said he expected the market to be lower than current levels and does not see too much upside from hereon.
Pankaj Murarka of Axis Asset Management advises buying quality stocks at reasonable valuations.
Pankaj Murarka, head of equities, Axis Mutual Fund is very constructive on financial and manufacturing space.
Axis Mutual Fund announces changes in fund manager, with effect from December 09, 2013
Axis Mutual Fund has appointed Mr Bapi Munshi as director on board of directors
Axis Mutual Fund has launched Axis Focused 25 Fund, an open ended equity scheme that aims to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.