Ashish Somaiya, CEO of White Oak Capital AMC, speaking on the market outlook. Said that there should not be much panic in this market. After every rise, 15-20 percent correction is seen in the market. Similarly, a new high is formed once every second-third year. This does not mean that we should be careless. This only means that there is no need for much panic in the market. Just now this correction became broad based. This atmosphere is being seen due to many events. There is no need to panic too much in this.
Market trend changed from 2024
Ashish Somaiya further said that the environment was more challenging in the year 2022-23. The market trend has changed from the year 2024. The strategy of investing in selected stocks since 2024 has been effective. Even if the entire sector is not doing well, good stocks are doing well. The market trend is shifting towards quality.
Many challenges in FMCG
There are also challenges related to distribution and product in FMCG. Demand is not the only problem in FMCG. Distribution is being hampered due to quick commerce.
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Focus on small and medium IT companies, manufacturing theme also good
In this conversation, Ashish Somaiya told that he has been focusing on small and medium IT companies. IT and digital have shown good performance in the last 6-9 months. IT space can do well in future also. There has been a lot of action in the theme of manufacturing. Further money can be made in the manufacturing space. It would not be advisable to average in government companies.
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