In a recent interview with ET Markets, Sumit Poddar, the CEO of Tikona Capital, shared his views on the current investment scenario. Poddar believes that it is important for investors to stay invested in the market. He stated, ‘We are not in a bubble zone yet, and if you look at the P/E multiples, they are not at historical highs. However, we need to remain watchful and cautious.’ He also mentioned that while the market may seem attractive at present, it is vital for investors to do their homework and make informed decisions. Poddar’s advice to investors is to stay invested, but also be mindful of any risks or uncertainties in the market.
Poddar further discussed the sectors that are currently performing well and highlighted the ones that investors can consider for potential investment opportunities. He mentioned that sectors such as information technology, pharmaceuticals, specialty chemicals, and FMCG are showing promising growth. Poddar also pointed out that while the banking sector has taken a hit due to the pandemic, it is slowly recovering, and there may be potential investment opportunities in this sector as well.
When asked about the impact of the second wave of COVID-19 on investments, Poddar acknowledged that the ongoing pandemic has created a certain level of uncertainty in the market. He emphasized the need for investors to be cautious and evaluate the potential risks associated with their investments. He also mentioned that while the recent surge in COVID cases and the imposition of localized lockdowns may have short-term impacts on the market, long-term investors should not be deterred.
Poddar concluded the interview by stating, ‘Stay invested, but do not blindly chase returns. It is important to have a well-diversified portfolio and invest in sectors that have strong fundamentals and growth potential.’ He advised investors to seek professional advice and conduct thorough research before making any investment decisions. Poddar’s insights highlight the importance of remaining watchful and making informed choices in the ever-changing investment landscape.
To read the full interview with Sumit Poddar, click on the link below.
