Interesting topic. If one gets the sectoral themes right there’s lot of money to be made.
Question is how to find out the sector that will outperform.
One group of sectors I can think of is those that can benefit out of low crude and gas prices or those benefitting out of govt initiative of making gas easily available.
The sectors that fit the bill are OMCs (which have run up much earlier), certain companies in power segments (the name that comes to mind are torrent power etc who were earlier stuck due to non availability of gas to run their power plants), fertiliser sector again due to availability of gas and some easing of subsidy payments etc.
But even if one can find good companies in these sectors these will at best be opportunistic bets and one will have to be careful to get out of them once there are early signs of the music becoming too loud or stopping altogether.
If GST is passed then high quality consumer companies would have a good time but looking at valuations of most of them it seems overall returns may remain muted. There will off course be some winners there also.
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