Why Max Life is overweight on industrial and capital goods stocks? Mihir Vora explains

Max Life Insurance CIO Mihir Vora says that banks and NBFCs are still an attractive investment, while the manufacturing industry is seeing growth boosted by incentives. Though domestic consumption is uncertain, manufacturing presents a silver lining, propelled by private and government development. Plunging TCS of 20% will not significantly affect markets or foreign travel, however, capital goods majors, particularly MNCs, are still recommended as a portfolio strategy.