Manufacturing
The fund home likes manufacturing as a “huge name, a decade name for India” by way of producing alpha, Tandon mentioned.
India-dependent firms with export capabilities within the manufacturing sector can be a “bonus”, Tandon mentioned.
The fund supervisor is bullish on sectors that revolve round manufacturing equivalent to banking, capital items, infrastructure, industrials, metals, and allied sectors together with housing and actual property.
Actual Property
Tandon highlighted the allied sectors which might come into play. Cement could possibly be the largest beneficiary amongst supplies, together with metals, he mentioned.
Regardless of the mismatch in demand-supply of commodities within the international markets, Tandon expects domestic-centric companies to do properly.
Public Sector Banks
Tandon is bullish on public sector banks greater than shares within the defence and power house. It’s because the previous have extra listed names, whereas defence and power have very restricted names, he mentioned.
Whereas Tandon doesn’t maintain a “unfavorable” view on personal banks, he mentioned that PSU banks have the potential to outperform.
“This rally has extra legs and I feel they’ve huge runway,” Tandon mentioned, highlighting that the sector is traversing by way of the preliminary section of an upmove.
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