homemarket NewsMarkets worried for 2nd wave of COVID could cause more bankruptcies: Andrew Holland of Avendus
Markets worried for 2nd wave of COVID could cause more bankruptcies: Andrew Holland of Avendus
Markets are worried that the second wave of COVID-19 could lead to more bankruptcies than we saw in the first round, said Andrew Holland, Chief Executive Officer at Avendus Capital Alternate Strategies.
Markets are worried that the second wave of COVID-19 could lead to more bankruptcies than we saw in the first round, said Andrew Holland, Chief Executive Officer at Avendus Capital Alternate Strategies.
The second wave of COVID-19 in Europe is alarming and quick, he said. “We know what the government and the central bank’s response will be, so we expect more action there in terms of stimulus,” he said in an interview with CNBC-TV18.
“The whole capital goods space is something where one has to be confident that there will be a rebound in the Indian economy,” he added.
According to him, one has to see acceleration into the second half of 2021 to get excited about the capital goods sector. Speaking about Larsen and Toubro (L&T), he said, “The move in the stock is going to be when you have that confidence and not having it in your portfolio could be a mistake.”
He believes, having some economic recovery sectors and stocks is probably the way to play the market over the next six months.
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