"September-quarter earnings are projected to post robust growth, with Nifty 50 earnings anticipated to rise by 23 percent to 25 percent, anchored by financials as well as metals, oil and gas, and telecom," Neeraj Gaurh, Director & Fund Manager, Anand Rathi AMC said in an interview with Moneycontrol.
According to him, upgrades are likely to be concentrated in Financials and industrials, capital goods, alongside downgrade risks in airlines and cement.
For portfolio positioning, he prioritises overweight exposure across financial services, manufacturing, and discretionary consumption.
Private banks & financial services are favoured due to high earnings visibility, robust credit growth running at an 18 percent two-year high, low credit costs, and funding relief from FCNR inflows, said Neeraj Gaurh who would be cautious on real estate and broad IT services basket.
Do you see the current market correction as a major opportunity for investors looking to generate significant returns over the next couple of years?