Chemical sector to do well in 2nd half of FY-23: Jiten Parmar

economictimes.indiatimes.com:

«We remain positive on the markets. I do not know whether there will be some corrections in the future. They will always be there but I think if you choose the right sectors and the right stocks I think we should stay invested.

So long term we are very positive on retail markets,» says Jiten Parmar, Co-Founder, Aurum Capital.Is it time to book profits selectively or is it good to ride and one should not be very looking forward to really cut your profits so soon. It is a rising tide, we should ride it. What are your thoughts?Yes, we have seen a sharp reversion from the start of this financial year in the small cap index as well as in Nifty and the Sensex.

See what has happened is I think inflows have been very good and if you see the data from mutual funds a lot of inflows have happened into small and midcap funds so that is what is driving the rally. I believe from my talk with so many people across investors I have seen that retail has been left behind to be honest and there is a lot of disbelief in this rally and if you look at from a two-year perspective we have just regained the highs. So in that sense we remain positive on the markets.

I do not know whether there will be some corrections in the future. They will always be there but I think if you choose the right sectors and the right stocks I think we should stay invested. So long term we are very positive on retail markets.Have you booked profit in any of your large positions after they have run up or valuations have expanded? Yes, so if you remember from our previous talks also over the years we had entered into let us say something like capital goods which has been a very good performer for us and we have booked profits in some names there but we remain