According to Keyur Majmudar, Managing Partner and CIO at Bay Capital Investment Advisors, Anthropic’s IPO announcement and potential listing could mark a peak for the AI trade, at least in the medium term.
Meanwhile, he sees pockets of opportunity in financials, select consumer stocks, pharma companies and digital businesses that have delivered solid results and can sustain profitable growth.
He believes electrification has attracted significant investor interest, but opportunities in the listed space remain limited for companies linked to the rare earth minerals theme.
Do you think foreign investor selling in India is nearing exhaustion, even though a near-term return of foreign inflows remains unlikely?
This is difficult to predict. What is known is that foreign investors' interest in India remains muted at best. The reasons are many and by and large known.