‘Indian stock market becoming attractive, but …’ Market veteran made this estimate – Stock Market Rally Arun Kejariwal Says Indian Market Today Attractive Tutd

There is a great rise in the Indian stock market. Meanwhile, the veteran investor has given great advice to the ‘smart’ investors regarding this market. He says that the Indian stock market is becoming attractive in the valuation case, but this is not the case in all sectors. The market expert Arun Kejriwal said that only the large cap sector is where the purchase can be done soon.

Kejriwal said in a conversation with Business Today on Tuesday that I am not giving suggestions that you should go to the market tomorrow and shop. However, the benefits provided by India’s economy at some time will appear in the long term. Wise investors can at least think of betting on the large-cap segment.

These sectors will do good performance!
The market veteran believes that the pharma sector is currently in the ‘best status’. He said, ‘Bharat Pharma is a big player in the sector. We are mainly exporting generic medicines. High tariff is imposed for generic medicines, which the company has to pay, not to the company.

In addition, Kejriwal estimated the banking sector to be in good condition. He said, ‘This is another sector where you will not have to raise much response. There are some big-cap stocks that can be noted. If you are taking any good steps on the Nifty, then it cannot be without BFSI’s participation. Within banking, one can also monitor the housing finance segment.

When asked about the mid-and small-cap, he said that these are usually high risks and high-returns items. But when the situation is bad, you need to move towards safety, which can only give large cap. After seeing a strong rally in the last four and a half years and a sharp decline in the last four to five months, it is now a question of rebuilding your portfolio. In such a situation, you have to take some strict decisions about what you have held in the mid, small and micro-cap segment and decide whether you have bought those shares as fundamentals or as Momentum Play.

What should the fundament do with strong shares?
If you have bought them as a fundamental play, I suggest that you can continue holding them, because at some time, good value always gains recognition even after the decline. If you are stuck in Momentum Play, no one can help you even if the market booms. Every time the Momentum rally becomes new stock Momentum Play. Old stocks usually never come back.

What did the expert say on PSU shares
On a question asked on the PSU sector, Kejriwal said that there are three sectors- defense, railways and electricity in the PSU area. I believe that retail investors or new investors invested their money here and bought shares. The price of some of these shares increased by 7 times in three and a half years. These shares climbed more than the extent. He also said that some problems may still be left in these counters.

(Note- Take the help of financial advisor before investing in any share.)