Manish Sonthalia, chief investment officer at Emkay Investment Managers, suggested investors to follow a multi-cap approach with equal proposition in large-caps and mid-caps to take advantage of a broad-based growth in Indian equity markets.
ANIHe also said that some of the government entities in defence, oil marketing companies and power financiers will have an advantage over others, and pharmaceuticals are expected to see a turnaround.
Mumbai: Emkay Investment Managers expects the Nifty to reach 24,500 levels by 2024-end and has set a target of 26,500 on the index by end of 2025. The Nifty closed at 22,888 on Tuesday.
Manish Sonthalia, chief investment officer at Emkay Investment Managers, suggested investors to follow a multi-cap approach with equal proposition in large-caps and mid-caps to take advantage of a broad-based growth in Indian equity markets.
In the near term the markets will fare well if the National Democratic Alliance (NDA) comes to power with a base case of 330 seats, ensuring policy continuation.
Agencies
"BFSI, PSUs, and industrials are expected to do well. BFSI has led the earnings growth and seen a correction in valuation," said Sonthalia. "Investment-related themes will come into play with power capex building up in the next 3-5 years."
He also said that some of the government entities in defence, oil marketing companies and power financiers will have an advantage over others, and pharmaceuticals are expected to see a turnaround.
ANI
Agencies
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