Puneet Nanda of ICICI Prudential Life Insurance has expressed his views candidly on Stock Market and it makes sense to go through them as one may be able to get a few pearls of wisdom from the below quoted statement. He is referring to stock and sector specific opportunities.
Puneet Nanda of ICICI Prudential Life Insurance feels that banking may be a sector which has been beaten substantially and may see an up move and we also endorse the view because we see banking sector moving up once RBI announce in December that it has done with base rate tinkering in its Credit Policy in the market to tame inflation.This is a market where it doesn’t make sense to take broad sector calls. Within each sector, there are opportunities based on valuation and price action. Interest rate sensitive have been beaten down sharply, but banks have been beaten down more because of concerns on NPLs and slippages. Some of the banks are very harshly punished, while the reality may not be so bad. Even in a sector like that, there will be some opportunities although there will be huge divergences in the results. In all sectors, we will see some opportunities. In markets like these, it benefits long-term investors like us to pick some good bets for the long-term.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
