Market Outlook: Talking about further market movements PIPER SERICA Founder and Fund Manager Abhay Aggarwal Said that the correction in the market is a technical correction because from the fundamental point of view there is no problem of any kind in the market. So far, the results of companies in the mid-smallcap space have been better than our expectations. The commentary of the companies is also quite positive. The results of 9 out of 10 companies have been better.
These 3 sectors will do better in the coming times
He further said that the results of companies of every size in the pharma sector are good. Raw material costs of companies have reduced. Pricing pressure has also reduced considerably. It is expected that the pharma sector will continue to move towards a turnaround. On the other hand, the results of EMS space have also been quite good. If an investor invests in the EMS space with a 3-5 year horizon, then good returns will be seen in this space. At the same time, bank and financial services space can also show good growth in future.
NBFC sector will outperform further
Talking about the NBFC space, he said that at present we have not made any further purchases in the space as our portfolio includes stocks from this sector. This sector can outperform in future.
Will invest in these shares
Abhay Aggarwal likes the shares of Fusion Micro Finance. He says that this stock is present in our model portfolio. The results of the company are good. The management commentary is quite strong. This company is operating at good book value. Therefore, investment can be made in it for long term.
He further said that we have also added the shares of Senores Pharmaceuticals to our model portfolio. At the same time, the stock of Inox India is also looking quite good. The company is quite big. This company is preparing to become a multibagger in the next 2-3 years.
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