Few Thoughts regd the portfolio and expectations from current market
- Considering the Interest rate cuts to happen in US, FII flows into indian market should improve and I see the Market and my Portfolio to do well even though current valuations in the market are not too attractive (index wise). While at individual stock wise
- Most importantly Interest rate cuts should have very positive effect on IT stokcs and the rally has started. I feel that cos like Infy, Mastek, Mphasis, TCS giving >25% returns in next 1 year. This opportunity is tempting me but I already these stocks are trading at >20,25x valuation and so not cheap by any means. For that reason I’m refraining from selling some existing PF stocks to move into IT. My only existing IT investment is CIgniti tech. And Moldtek Technologies is into Construction activity in US (some kind of ER&D, but of inferior quality). I’ll see in future how this plays out
- K solves is an IT co which is trading at 37x FY24E which is too expensive. But considering the US interest rate scenario and the growth being > 40% it may give decent returns
Disc: No reco to buy or cell
Praveen
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