Valuations have been stretched out there, simple cash has been made and possibly it’s time to work a bit tougher, stated Mihir Vora, Director and Chief Funding Officer at Max Life Insurance coverage. In accordance with him, IT stocks are nonetheless not overvalued and can proceed to do effectively. IT, prescribed drugs, together with export-oriented corporations, will command premium valuations, Vora stated.
The fast-moving shopper items (FMCG) sector is doing effectively and can proceed to ship double-digit income development, S Krishna Kumar, CIO Fairness at Sundaram Mutual Fund, talked about. “It’s a fairly affordable house to be in when there’s uncertainty round you,” he added.
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