Key Points
Devang Mehta, Director-Equity Advisory, Spark Private Wealth, says: Most of this high-end discretionary luxury demand for cars, real estate, as well as capex, is bound to come in and most of these industries will do very well..
So on the sector front, auto, auto components, a lot of building material/home improvement/capital good type of businesses is what we recommend to our clients in building the portfolios...
Why dont you start by giving us one of your top Diwali recommendations given the fact that there are cheers all around with Nifty hitting that 19,400 mark...
So on a down day, when you feel that the banking sector has sort of underperformed the overall market, these are good times to build definitive and gradual positions in these businesses...
Probably, the market has become a lot smarter and if there are good companies available in the secondary market, people are more than willing to put it into maybe SIPs or buying directly...
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