After Dussehra, now the market is waiting for Diwali, during the Diwali season, investors bet on the best stocks in the market. Some investors even analyze the returns they got on their chosen stocks from Diwali to Diwali. For such investors and spectators, Aashish Somaiyaa, CEO, White Oak Capital Management, spoke to CNBC-Awaaz to share his views on the market along with the best stocks and sectors this Diwali for investors and viewers.
Regarding giving good returns to his clients, Ashish Somaiya said that they invest for long term or for 1 year in which the investment from this year to next year is analyzed. Apart from this, they include good stocks from all sectors in their portfolio. Before allocation in each sector, the trend of that sector is studied. He further said that in terms of returns also, we calculate the period from Diwali to Diwali.
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Last year has been very good for stock market investors and traders. Nifty has also given good returns. However, it is a bit difficult to say this year also the same return will be given in Nifty. But the market should look positive this year as well. We are getting good results from companies here and due to good result season, there is positivity in the market.
Next 4-5 years can be good for private banks
Speaking on the boom in the banking sector, he said that his company does not have much exposure in PSU banks but has investments in private banks. On the other hand, private banks can see a boom for the next 4 to 5 years. We are seeing how three-four private sector banks are continuously increasing their market share. We expect the share of these banks to increase further in future. Talking about NPAs of banks, most of the NPAs in banks have appeared due to business problems.
However, there is full potential for growth in private as well as PSU banks. The years 2003 and 2004 were bad for PSU banks. After this, 2006 was also not good for public sector banks. But now there is a recovery in this sector. After COVID, good growth has also been seen in the metal, chemical and pharma sectors.
Have invested more in large cap
Commenting on the recent fall in midcap stocks, Somaiya said that the correction has been seen in the midcap segment right now. We include midcap stocks in our portfolio but avoid investing in small cap stocks. We also have limited exposure to midcap stocks. While investing in midcap stocks, we focus on good IT and chemical stocks. But we have made good investments in large caps.
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The portfolio has an investment of 12 to 15 percent in pharma stocks.
Ashish said that he likes the pharma sector. His company has been advising its clients to invest in the pharma sector since 2018. From 12 percent to 15 percent of the company’s portfolio is invested in the best stocks of the pharma sector.
We don’t have a lot of real estate stocks in our portfolio
There has been a lot of consolidation in the real estate sector in the last 8 years. At the same time, slowdown was also seen regarding new projects in this sector. There is also a lack of supply chain along with capital. There has been a slowdown in this sector in the last several years. Now growth has started in the real estate sector. Now recovery is being seen in it. However, we do not currently have a lot of real estate stocks in our portfolio.
(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)
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