Get set for a bottoms-up market in first half of FY25: Amit Khurana

economictimes.indiatimes.com:

Amit Khurana, Head of Equities, Dolat Capital, says for the next few months, bottoms-up stock picking should be the preferred mode and look out for names either showing signs of turnaround or names which have visibility even though you may have to pay a little bit of a premium on the valuation side, but the momentum continues to be supportive for those sectors or stocks.
You were slightly cautious on the market and by mid of March that caution played out, however, it was short-lived and the market rebounded. What is your current prognosis of the way the earnings season is panning out? Did you request the clients to buy that dip or are they still sitting on the sides?
Amit Khurana: Yes, the correction did play out which we were anticipating but the depth of it and the breadth, I did not come as much as one would have wished for.

I know the valuation is more attractive, but this is classical markets which every dip gets bought into. Now, the earning season has not really started on a strong note because most of the numbers do not suggest a very strong performance either for Q4 but even from the commentary perspective, I would probably call it mixed.

It is not negative but it is not definitely something which can lead to an earnings uptick whether you look at IT services or some of the financials which have reported results.

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