Nilesh Shah spots 5 opportunities to invest in Samvat 2079

Despite all the macro headwinds hovering over the stock market, Dalal Street’s famous investor and money manager Nilesh Shah said investors can make money in banks, capital goods, manufacturing, tech and pharma in the new year Samvat 2079.

In a statement, he said the new Hindu calendar year is likely to be like Diwali where there would be celebration along with loud busting of crackers.

“Ukraine, US Fed rate, oil, inflation and zero-Covid policy of China will continue to bust. A disciplined investor who can buy on the dips will make money,” said Shah, Group President & MD, Kotak Mahindra Asset Management Company.


He said a momentum investor will have a tough time managing volatility.

“Banks, capital goods, manufacturing are likely to outperform the market in Samvat 2079. Tech and pharma will provide interesting opportunities on a bottom up basis in the correction,” Shah said.

Samvat 2078 has been a disappointing one for investors as benchmark indices Nifty50 and Sensex have fallen by more than 1% since last Diwali. Old economy sectors – power, industrials, capital goods and utilities – have outperformed with tech and new-age stocks leading the downside.

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