After Zomato, Paytm, it may be time to look at Nykaa: Andrew Holland
Andrew Holland, CEO, Avendus Capital Alternate Strategies, says “we have been dipping our toes in the power financier space. I think everyone is shifting a little bit away towards this type of financing companies and just away from NBFCs in the short term. There is a lot more to go because it is the renewables sector and it is something important to governments globally and it is going to see a lot of investment. So, the likes of REC will continue to do well and gain market share.”
Would you be a buyer of some of these stocks which took it on the chin on Friday – L&T, RBL, some other PSU banks as well?
You know it has been interesting. We have kind of been scratching our heads over the past few months about the whole financial sector and particularly the banks with their stellar results. Yes, not great commentary about NIMs, but there was something that was just holding the sector back. And maybe now with what the RBI has done, we know what the concerns were. To my mind, it is kind of fairly well priced, given the underperformance.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitOnce we are through this and throughout the day, I am sure you have identified the winners and mainly the losers from this move. But thereafter, if the narrative changes more towards lower interest rates – which it is doing – commodity prices helping, then we will see the banks recover and be one of the leading sectors going forward towards the back end of the year.
Where within autos are you comfortable adding fresh positions?
Across the board,
