Pankaj Murarka on 2 Top Bets from New-age & Old-school Stocks this Diwali

Pankaj Murarka on 2 Top Bets from New-age & Old-school Stocks this Diwali
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Pankaj Murarka, Chief Investment Officer (CIO) of Renaissance Investment Managers, suggests that investors can still make money in the Indian market if they avoid poor quality companies and businesses. He believes that the strong underlying growth in India makes any company with decent management likely to deliver healthy growth and generate profits. Murarka specifically recommends Paytm as a long-term investment in the new-age sector, and PNB Housing Finance in the old-school traditional sector. He highlights the potential of fintech and the internet sector as the fastest-growing sectors in India, particularly in the context of digital adoption and banking. According to Murarka, the IT sector also presents opportunities, with BirlaSoft emerging as a potential fastest-growing IT services company in the next three to five years. Discussing the Nifty index, Murarka suggests that it is fairly priced and expects a healthy return of 10-12%. He advises against FOMO (Fear Of Missing Out) and emphasizes the importance of stock selection, urging investors to avoid poor quality companies. Murarka concludes by expressing optimism about the Indian market and the availability of investment opportunities for growth investors.

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