3 sectors where Ajay Srivastava is waiting for dips to buy

economictimes.indiatimes.com:

Ajay Srivastava, CEO, Dimensions Corporate Finance Services, says there are three sectors where he will love to buy on dips. One is MNC infrastructure stocks. Three or four of them qualify in that category straightaway. Number two, are companies like the payment system and the food delivery companies. Finally,. defence PSUs represent the best opportunity because the runway is unlimited and there's a monopoly. The worst, because the government’s diktat on what they make on every order can change the fortune of the company. High risk, high reward, it is Poker at best.


Let us look at something where you will say, I want to buy this stock and I am just waiting for a better entry point. It could be 5%, it could be 15% or it could be 20%. That is a judgment call. Which are the names where the business is durable enough to give you a 20-25% growth? You are just waiting for the right price, maybe that moment of panic, or that moment of turbulence in the market, and you are happy to press the buy button.
Ajay Srivastava: Very clearly, the MNC infrastructure stocks.

Three or four of them qualify in that category straightaway. You want to be there in the company because you have not underinvested. Number two, companies like the payment system and the food delivery companies.

The runway for these companies, infrastructure relating to railways, infrastructure relating to power systems, infrastructure relating to the general build up of the economic assets, including transmission assets, the sectors where the growth of the runway is incredible. So that is one.

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