Bharat Shah, Hiren Ved on sectors to bet on for this decade
Bharat Shah, executive director at ASK Group and a mentor to many on Dalal Street, said the financial services sector in the country has a “huge, huge opportunity” to grow over the coming decade as the economy develops. Shah said he was hopeful of...
By Chiranjivi Chakraborty, ETMarkets.com |
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MUMBAI – With the Indian corporate sector recovering faster than expected from the pandemic, along with cleaner and leaner balance sheets, several veteran investors are betting on a new era of corporate profit growth.
Veteran investors like Bharat Shah and Hiren Ved were recently asked — at PMSBazaar’s PMS-AIF Summit 2021 — to enlist a few sectors that they believe would be ahead of the rest in the 2020s.
Bharat Shah, executive director at ASK Group and a mentor to many on Dalal Street, said the financial services sector in the country has a “huge, huge opportunity” to grow over the coming decade as the economy develops. Shah said he was hopeful of the prospects of the country’s pharmaceutical and healthcare services companies as well as insurance. The three sectors have had a rejuvenation during the Covid-19 era as people have realised the importance of having a proper healthcare system and insurance cover.
Shah said the government’s production-linked incentive scheme could lead to the renaissance of the Indian manufacturing industry and that he was also positive on the chemical and IT sector.
Over the course of the past year, domestic investors have been growing optimistic on the prospects for the Indian economy in the new decade. The previous decade suffered several rude shocks on the economic front. The stock market itself did not have much to celebrate given its underperformance against developed markets like the US.
On Dalal Street, there is a general consensus that the Indian economy may exit the decade at more than a $6-trillion opportunity as private capital expenditure, middle-class spending and manufacturing sector pick up.
At the PMSBazaar’s PMS-AIF Summit 2021, Hiren Ved, CEO, director and CIO at Alchemy Capital, said he would be betting his money on sectors that have had a proven track record of developing competitive edge at a global level. He contined to back information technology, pharmaceutical and light engineering good manufacturers. “Good, well-run businesses that focus on consumer discretionary products will do very well,” said Ved.
The veteran investor was also confident that good lending institutions in the financial services sector would do good in this decade.
Veteran investors like Bharat Shah and Hiren Ved were recently asked — at PMSBazaar’s PMS-AIF Summit 2021 — to enlist a few sectors that they believe would be ahead of the rest in the 2020s.
Bharat Shah, executive director at ASK Group and a mentor to many on Dalal Street, said the financial services sector in the country has a “huge, huge opportunity” to grow over the coming decade as the economy develops. Shah said he was hopeful of the prospects of the country’s pharmaceutical and healthcare services companies as well as insurance. The three sectors have had a rejuvenation during the Covid-19 era as people have realised the importance of having a proper healthcare system and insurance cover.
Shah said the government’s production-linked incentive scheme could lead to the renaissance of the Indian manufacturing industry and that he was also positive on the chemical and IT sector.
Over the course of the past year, domestic investors have been growing optimistic on the prospects for the Indian economy in the new decade. The previous decade suffered several rude shocks on the economic front. The stock market itself did not have much to celebrate given its underperformance against developed markets like the US.
On Dalal Street, there is a general consensus that the Indian economy may exit the decade at more than a $6-trillion opportunity as private capital expenditure, middle-class spending and manufacturing sector pick up.
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At the PMSBazaar’s PMS-AIF Summit 2021, Hiren Ved, CEO, director and CIO at Alchemy Capital, said he would be betting his money on sectors that have had a proven track record of developing competitive edge at a global level. He contined to back information technology, pharmaceutical and light engineering good manufacturers. “Good, well-run businesses that focus on consumer discretionary products will do very well,” said Ved.
The veteran investor was also confident that good lending institutions in the financial services sector would do good in this decade.
The stock market is swinging between hopes and fears over the rapid spread of the Omicron variant in India and across the world. But amid the wild moves, there are ample opportunities for traders to eke out some solid short-term gains. Analysts recommend seven such trades:
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