homevideos Newsmarket NewsBullish on passenger cars, premium 2 wheelers, good recovery in FMCG: Tata MF
Bullish on passenger cars, premium 2-wheelers, good recovery in FMCG: Tata MF
Demand for four wheelers and premium two-wheelers is likely to be good, feels Rahul Singh, CIO of Equities at Tata Mutual Fund.
Demand for four wheelers and premium two-wheelers is likely to be good, feels Rahul Singh, CIO of Equities at Tata Mutual Fund.
Speaking in an interview to CNBC-TV18, he said, “I think 4-wheelers and the premium 2-wheelers segment is looking better. Tractors have always looked better; even six months back, so there the revival has started, probably the earliest and surprisingly the commercial vehicle (CV) side, on which all of us were more skeptical, is also reviving and with the infra push the CV space is looking promising.”
Singh said investors will have to be selective about the defensive sectors they want to invest in.
“The recovery in the fast-moving consumer goods (FMCG) space has been good, but once the industrials and domestic cyclical starts playing their role in the market and in the offsite potential, which you now see there, one will have to be more selective in the erstwhile defensive sectors starting with consumption, IT and pharma,” he said.
Singh is of the view that domestic cyclicals, industrials and banks are poised to gain from government capex announced in the recent Budget.
“We have seen some greenshoot private capex, we have seen real estate reviving, we could see the order inflow reviving in the government side,” said Singh.
For more details, watch the video
(Edited by : Santosh Nair)
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