Nirav Sheth of Edelweiss Financial Services is upbeat on the banking sector but will shy away from metals and cement space. He also feels software and consumer staples may underperform going ahead.
Brokerage house Edelweiss Financial Services maintains its Sensex target at 29,600 for the end of this fiscal given the ongoing upmove in Indian indices.
Seeing no tailwainds hereon, Nirav Sheth, Head of Sales, Institutional Equities, Edelweiss Financial Services is bullish on India’s macro scenario. “We see valuations, earnings and other parameters reverting back to normal, however, investors are still struggling to mirror this bullishness in their portfolio,” he told CNBC-TV18 in an interview.
In other sector bets, Sheth is upbeat on banks, but shuns metals and cement space. He also feels software and consumer staples may underperform going ahead.
Transcript to be followed shortly