3 investment themes where you can see stock re-ratings in 2025: Hiren Ved
Hiren Ved, Director & CIO, Alchemy Capital, says the market has been in a corrective consolidation phase for a while now and it might continue for some time, but the biggest catalyst, more than anything else, could be the result season because once there is confidence that earnings can come back and growth can come back in Q4, the markets can get back to the races.
Ved also says he continues to bet on the CDMO theme, platforms and tech and higher-end consumption this year. Markets are not in a marathon mode, they are not here, not there. Are we in for more of the same where we just stay in this range for an extended period of time?
Hiren Ved: Yes, it very well could be because everybody wants to wait and see how the results pan out because we had a soft patch in the economy. We had a soft patch when it came to results in Q2 and also everybody is waiting for what Trump is going to do and then we also have the Budget. Typically, when you have so many events, then it is very difficult to see if you will have any great direction, one way or the other.
The market has been in a corrective consolidation phase for a while now and it might continue for some time, but the biggest catalyst to my mind, more than anything else, could be the result season because once there is confidence that earnings can come back and growth can come back in Q4, the markets can get back to the races.
But that is the confusing part because we were just looking at Bajaj Finance and HDFC Bank's performance in the quarterly updates. There are
