homemarket NewsCautious on select consumption stocks; would prefer 3 player telecom market: Edelweiss’ Aditya Narain
Cautious on select consumption stocks; would prefer 3-player telecom market: Edelweiss’ Aditya Narain
Aditya Narain, head of research-institutional equities at Edelweiss Securities is cautious on select consumption stocks post the run in the last month.
Aditya Narain, head of research-institutional equities at Edelweiss Securities is cautious on select consumption stocks post the run in the last month.
In an interview to CNBC-TV18, he said, “I would be a little cautious on the market. I would be in sectors where demand is much more obvious and visible, and in many senses, I would not be putting more money and I would be just sitting back a bit.”
On telecom space, Narain said, “For the greater good of the economy, greater choice, greater investment capability, I would rather be at a three-player or more market than a two-player market; even though from a stock perspective, it might work very well, the narrower the market is.”
Also Read: Kumar Mangalam Birla meets telecom minister, discusses need for urgent govt intervention in sector
Narain likes insurance stocks as there is huge potential in India.
“As a theme, we do tend to like it. We tend to see some performance come in that space and that will stay. I think this is also one of those sectors that is seeing so much structural efficiency coming out both in marketing and in managing costs that that itself tends to give a bit of cushion beyond the broader pool of money that they have to tap into,” he said.
Also Read: How to save money with health insurance?
For the entire interview, watch the video
(Edited by : Aditi Gautam)
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