We still see opportunities both in select large caps and mid, small cap space: Mithun Aswath

economictimes.indiatimes.com:

«I think the current markets FII flows have been quite strong in the last couple of months and in the month of June itself you saw close to $5 billion come into the Indian markets,» says Mithun Aswath, Kivah Advisors.First of all, how are you really approaching the investing landscape right now with the big rally under the belt but then macros and liquidity kind of supportive at the same time? How are you balancing things? I think the current markets FII flows have been quite strong in the last couple of months and in the month of June itself you saw close to $5 billion come into the Indian markets. Despite that the recent up move we do still see opportunities both in select large caps as well as in the mid and small cap space.

One needs to be selective in the mid and small cap space but there are pockets where there is value and people who have a 12- to 18-month outlook, we continue to be quite positive on the markets because the earnings growth is visible.Let us talk about some of the themes that you like. Textiles is something which you like and you are expecting operating margins to expand. I was just looking at one of the biggest and cleanest names out there, Gokaldas Exports making all-time high once again. Just two quarters back, it was being punished because of slowdown in US and Europe though data there much has not changed but people who are looking at, the view towards Gokaldas seem to have changed, which are the names which you are advising your clients from this space? Yes, in this space the technical textiles is one area which looks quite interesting.