Avendus Capital picks these two themes for 2024
CEO Andrew Holland Holland projects an earnings growth of around 15% for 2024-25, and believes market returns could also be aligned accordingly.
Avendus Capital Public Markets Alternate Strategies is optimistic about the prospects of the defence and travel-related industries, including hotels and airlines, anticipating their sustained strong performance in 2024.
In an interview with CNBC-TV18, CEO Andrew Holland said Avendus has also allocated funds to banks, information technology (IT), and the metals sector. "Banks, IT, and the metal sector have been both drivers and underperformers of the index, making it a straightforward decision in terms of identifying momentum," stated Holland.
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Discussing public sector undertakings (PSUs), Holland said the investment firm prefers to only analyse these stocks to gauge the broader economy rather than own them. He said, "We have always said that we like to read these stocks and not own them, particularly in the banking sector and that’s the kind of view and trading view we will have on the PSUs.”
Looking ahead, Holland projected an earnings growth of approximately 15% for 2024-25, suggesting that the market could align closely with these returns during the same period.
For the entire interview, watch the accompanying video
(Edited by : Shweta Mungre)
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