Focus on IT, Pharma, FMCG, and select PSU stocks; commodity bull run entering last leg now | INTERVIEW
India may be the new manufacturing hub of the World by 2030, Amit Jain said. (Image: REUTERS)
The second wave of the coronavirus pandemic might not result in significant correction for Sensex and Nifty unless it lasts for a couple of months, said Amit Jain, Co-Founder and CEO, Ashika Wealth Advisors in an interview with Kshitij Bhargava of Financial Express Online. Amit Jain, the market experts with nearly two decades of experience, believes IT, Pharma, and FMCG are some of the sectors where investors could focus on, expecting robust bottom-line numbers. Further, Jan believes that in the post-pandemic world India could become the manufacturing hub for the world. Here are the edited excerpts.
Q Stock markets are down from their all-time highs now, where are you spotting opportunities in this market?
The market is down 8% from its peak as of now and it may be a good opportunity to allocate 20% of money in equities but only in selected Sectors. In my view, IT, Pharma, FMCG, consumer durable will continue to have robust bottom-line numbers. On the contrarian view, …
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