ETMarkets Fund Manager Talk: Stocks from these 5 sectors to dominate FY25: Sachin Trivedi, UTI AMC
The consumer durables space should benefit from the pick-up in project completion of real estate, says Sachin Trivedi, Fund Manager — Equity, UTI AMC. He is also bullish on select private sector banks, auto, healthcare and capital goods sector. Edited excerpts from a chat on Q4 results, market valuations and sectoral choices:
How would you sum up the March quarter earnings season? Which pockets of the market would you prefer to avoid after listening to the management commentary?
Sachin Trivedi: All the companies have yet to report numbers. However, earnings outcomes and management commentaries have been mixed in the company's reported numbers. The Q4FY24 numbers for IT, Chemicals, Power, Oil Refineries, Paint, Metal, and Mining were weaker. On a brighter note, earnings for the auto, BFSI, fin services, retail, E-commerce, and consumer durable sectors were better than expected. We remain overweight in auto, private sector banks, capital goods, health care, Telecom, consumer services and consumer durable. We also like select IT services and services companies.
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Do you see Nifty as being fairly valued now and that once the election results are out, the market will hit fresh record high once again?
Sachin Trivedi: Based on Bloomberg consensus, Nifty is trading at ~ 22.5x
