Auto space, cement, IT, pharma looks attractive: Unicon Investment
ET Now talks to Shrikanth Shetty, Head, Equity Advisory, Unicon Investment Solutions on top stock picks.
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| ET Now talks to Shrikanth Shetty, Head, Equity Advisory, Unicon Investment Solutions on top stock picks.
Ahead of earnings how would you be building up your portfolio in terms of key pockets that you are looking at for traction that look attractive especially on dips?
If there is a dip I think one can look at some of the auto space, cement, IT, pharma these are some of the segments which are good even as I said midcap IT or midcap banking, infrastructure stocks these broadly the space where I think there will be opportunities to play around with.
The space you haven't mentioned FMCG, do you prefer the smaller plays in the FMCG basket?
Yes, we do prefer ITC from a longer term perspective in fact post the budget ITC was available at reasonably attractive valuations. Normally whenever excise duty is hiked t volumes do lose up a bit but the profit margins tend to go up as cigarette price are up and the demand is elastic so in that sense they have always performed even when excise duty have been hiked substantially.
Ahead of earnings how would you be building up your portfolio in terms of key pockets that you are looking at for traction that look attractive especially on dips?
If there is a dip I think one can look at some of the auto space, cement, IT, pharma these are some of the segments which are good even as I said midcap IT or midcap banking, infrastructure stocks these broadly the space where I think there will be opportunities to play around with.
The space you haven't mentioned FMCG, do you prefer the smaller plays in the FMCG basket?
Yes, we do prefer ITC from a longer term perspective in fact post the budget ITC was available at reasonably attractive valuations. Normally whenever excise duty is hiked t volumes do lose up a bit but the profit margins tend to go up as cigarette price are up and the demand is elastic so in that sense they have always performed even when excise duty have been hiked substantially.
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