Banks will be good investment opportunity in future: Rashesh Shah, Edelweiss Group

Rashesh Shah, Chairman & CEO, Edelweiss Group, in a chat with ET Now, speaks about various sectors


What stock specific areas or sectors do you like right now at the current valuations?

We have a strategy report that we recommend to our investors. on a stock specific basis, we have quite a few industries that we do like. Overall we think consumption-oriented opportunities in India are fairly good. We do think once inflation starts coming under control, banks will again be a very compelling investment opportunity. Currently some headwinds are there but once the interest rate starts stabilising, inflation comes under control, banks will become a fairly compelling story and then there are specific stocks in the IT sector and others that our analysts like. Overall we do think commodities will ease off a little bit as the China slows down, so our house view is commodities as an output-oriented companies will not have a great time but the companies that use commodities as an input will have a good time in this year. Overall these are the 4-5 themes around which we are recommending investors to look for specific opportunities now.