According to Sanjay Dutt of Quantum Securities contrary to street expectations, 2015 could be a struggle for the market and a year of consolidation.
Sanjay Dutt, director, Quantum Securities does not foresee a Budget-rally and neither does he think there will be new highs for the Indian equity market in 2015 because the macro issues for India still persists.
He thinks 2015 could be a struggle for the market and a year of consolidation contrary to street expectations. However, individual stock opportunities do exist.
According to him the Modi-rally or the sentiment driven rally is now over and so the market is vulnerable to correction to sub- 8000 levels. So, one now needs to focus on fundamentals and structural changes on the ground.
Meanwhile, he is also not upbeat on the upcoming third quarter results and globally too thinks fifty percent of the markets are going through their own set of problems. So with backdrop of this kind of a landscape, the fundamentals for the Indian market may not change rapidly, says Dutt. Even the US market is set for a correction now, he thinks.
Talking stock specific, he does not see an upside for realty stocks post the easing of land acquisition rules because it was already in the price. However, one could see a trading upside of 5-10 percent in some stocks. He has no big bets from that space.
One could look for individual stock opportunities in companies that have reacognised their problems and are now aggressively restructuring and are reorganising themselves.
more to come