Valuation of PSU stocks has become less attractive, says Akhil Kalluri of Franklin Templeton. The rally in small caps can be attributed to retail liquidity and the deployment of excess cash. Kalluri discusses the valuation risk in the broader market and the March quarter earnings. He also comments on the possibility of a re-rating if BJP comes back to power. Kalluri highlights power, defence, and capex as hot investment themes. He further mentions the future prospects of financial giants and suggests an ideal asset allocation strategy with a long holding period.
Sanjiv Bhasin, Director of IIFL Securities, shares insights on the changing market dynamics and provides recommendations for investors. He discusses the leadership shift from banks to IT and pharma sectors, highlights the performance and future outlook of specific stocks, and discusses the potential of the insurance sector and the pharma industry.
Samir Arora, Founder of Helios Capital, believes that India stands to gain from any reduction in flows to China. While he does not advocate for investors to completely divest from China and invest in India, he sees India as a logical beneficiary due to the frustration and disillusionment investors are experiencing in China. Arora also discusses the performance of different markets, his portfolio allocation strategy, and opportunities in the PSU sector.
