According to Jiten Parmar of Aurum Capital, sectors such as banking, cement, infrastructure, paper, sugar, power, and chemicals still offer reasonable valuations. He remains constructive on the medium to long-term prospects of the Indian economy, citing robust tax collections and the formalization of the economy. However, Parmar warns of immediate challenges including the global economic slowdown, rising crude prices, and adverse outcomes from upcoming state and general elections. He advises investors to focus on individual companies, their valuations, and growth prospects.
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