Helios Capital's Samir Arora: 'Not sure if 2024 will see similar gains as 2023'
In an interview with CNBC-TV18, Samir Arora, Founder and Fund Manager at Helios Capital, shared insights into the prevailing investment landscape in India. The investment firm identifies three major trends currently capturing attention: IT, consumer, and financial sectors.
Helios Capital founder Samir Arora is not sure if 2024 will see similar gains as 2023, but the ace investor expects similar themes as 2023 to continue for a few months.
"I'm not sure if 2024 will see similar gains as 2023," Arora told CNBC-TV18. "Normally, for the first few months, the same momentum can continue, whatever is happening."
Among sectors, Arora sees the information technology (IT), consumer, and financial sectors as three key areas of focus. Within financials, large-cap banks are likely to see good gains in 2024, he added.
HDFC Bank has emerged as the leading holding in Helios Capital's portfolio. In addition to HDFC Bank, he pointed out ICICI Bank as an 'obvious' buy in the market, citing the robust performance of the financial sector.
On public sector undertakings (PSUs), Arora said, "Over the year, we also bought 5–6 PSUs, including State Bank of India (SBI) and Bharat Electronics (BEL), and later added HPCL and IRCTC to our portfolio."
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On new-age companies, Arora sounded positive on Paytm, highlighting the rise in the fintech's market cap, which is currently around ₹41,019.07 crore, equivalent to $4 billion. He likened Paytm to becoming synonymous with phone-based payments, drawing a parallel with Xerox.
Arora also declared that Helios Capital has added to its position in Paytm, expressing a favourable outlook on the company.
Also Read | It's a good correction for Paytm as well as for some of the other NBFCs, says Siddhartha Khemka
For the entire interview, watch the accompanying video
(Edited by : Ajay Vaishnav)
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