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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Gautam Trivedi on valuations, sectoral bets and India's growth themes
«I am kind of glad that the correction happened. It was a little violent compared to what the market would have expected, but sanity seems to be coming back to some extent,» says Gautam Trivedi, Nepean Capital.
Are the markers looking up? It has been a good rebound I would say for the last three days but do not know how long it is going to last.
Gautam Trivedi: I still believe that we have seen a huge correction in the market and it was long overdue, people had been forecasting that for 6 to 12 months, and finally when it did happen, it did set up some degree of panic in the market. So, we are in a cyclical slowdown, not a structural one and people are relooking at earnings estimates that mean some downgrades have to come in and there are clearly a few sectors which QSR for example, building materials for example, a lot of these sectors are still struggling with overall sales growth.
So, I am kind of glad that the correction happened. It was a little violent compared to what the market would have expected, but sanity seems to be coming back to some extent.
But having said that, I still believe that you got to focus on what is going to happen on April 2nd which is when we will get the first signs of the reciprocal tariffs which the United States is threatening to impose on the rest of the world including India.
But like you said yes, we have seen a violent correction, brutal one coming in the market, which means that now we are going to see a lot of spaces open up with reasonable valuations, banks being one of
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