These 3 sectors will shine in coming festive season: Mayuresh Joshi
Mayuresh Joshi, Head Equity, Marketsmith India, says with the wedding season expected to be in full-blown proportion along with the festivities in the next few weeks and months, apparel makers might be something to watch out for. There have been humongous moves in Trent, Aditya Birla Fashion and Raymond Lifestyle as well as Manyavar are expected to do well as well. Gold and jewellery stocks have done reasonably well. But from a discretionary spending perspective, these QSR players should come back strongly as well. Apparel makers, jewellery counters, and QSR, are good spaces for consumption spending.
Is it time to relook at PSUs or is it too early for that? How should one look at the entire PSU pack at the moment?
Mayuresh Joshi: When you are talking about the PSU pack, there are a whole host of sectors that get covered. So, within the sectors, obviously, how upstream companies will perform will depend on crude pricing primarily. Downstream companies, again, dependent a large portion in terms of how GRM margins will get spread out, what probably happens in terms of crude pricing as well and the transmission volumes thereof in lieu of expected demand.
Coming to defence enterprises, a lot of them have corrected from their recent highs in the last two months. But there are obviously a lot of tailwinds for the entire PSU defence/PSU power pack in terms of government initiatives, in terms of the capex spends that the government is expected to do in both these sectors incrementally as well.
Therefore, expectations of
