Piper Serica Founder and Fund Manager Abhay Aggarwal Said that a domestic company which caters for contract manufacturing of pharma companies. Our focus remains on them. Among domestic contract pharma companies, there seems to be a better investment opportunity in the shares of newly listed companies AKUMS, INVOVA CAPTAB and WINDLAS LAB. He said that good growth is possible in domestic CDMO companies.
Invest only in good growth stocks
Abhay Aggarwal further said that the slowdown in domestic consumption was clearly visible on the quarterly results of IT companies, which will also be visible on the upcoming quarterly results. Due to which the EPS estimate of Nifty which was Rs 1250 before the earning season has come down to Rs 1200. Due to which it becomes very difficult to justify the premium. I believe that it will take 2-3 quarters for the sector to come out of the cyclical downtrend.
He further said that the market setup will be on growth stocks in the next 3-4 years. There may be investment opportunities in companies which have seen price correction and have good trade records. That means, broadly speaking, there is opportunity to invest only in good growth stocks.
Wait for 3-4 months for investment in auto sector
Talking about the auto sector, he said that shares of auto companies are not in our portfolio. There is an increase in the inventory of auto companies while there is a slowdown in the sales of the companies, the impact of which can be seen in the results of 1-2 quarters. It would be advisable to wait for 3-4 months.
Good growth possible in largecap pharma
Abhay Aggarwal looks bullish on the pharma sector. He says that the order pipeline of Indian companies is quite strong. We have a positive view on Largecap Pharma. Large cap pharma will see good growth in 1-2 years.
Good start for Samvat 2081 and November series on Nifty, now waiting to cross the level of 24500
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