Varun Saboo on 4 themes that are offering opportunities to invest in
Varun Saboo, Head, Equities, Anand Rathi, says he is positive on OMCs. Crude prices are expected to slide further from here, which will help all the oil sensitives, so that was number one. Second, he believes one stock that is a theme in itself is PVR-Inox. That is one of the ideas that still leaves massive upsides from here. Multiplex is a big theme and PVR-Inox is a very high-conviction call. Third, cement is a big theme that Anand Rathi is positive about. Finally, Saboo talks about rate-sensitives as a theme. He is extremely positive about the NBFCs like Chola and Shriram Finance.
Where do you stand when it comes to crude sensitives? We have seen quite a bit of a move in paints, some of the tyre names, and OMCs as well. It is not quite the same for ONGC or Oil India, but do you sense that this is a meaty move and could be sustained?
Varun Saboo: When it comes to the crude sensitives, as a house we think that crude prices will soften further. So, be it the OMCs, paints, be it anything related to them will continue to rally. I am excited about the opportunity this is providing and I think everything is falling in place for India as a market. We are extremely dependent on crude as such. This helps us further on an overall basis also. This helps the overall market as well.
But the EV plays seem to be doing quite well as well. Any other themes or stocks within that theme that you think are still undiscovered or underappreciated?
Varun Saboo: We are seeing a big shift happening now because we saw OEMs doing
