talking on the market Manish Jain, Director, Institutional Business Division, Mirae Asset Capital Markets Said that so far the results of the third quarter have been mixed. Pharma is showing strength. It is too early to say anything definite about the results. The picture of results will be clear from the third week of January. However, the results have not started very well. The market may face disappointment on the results front.
He said the defense space is still a choice. It is difficult to have a clear view on banks right now. For 2025, the focus should be on power and defense. There is also a positive outlook on IT for 2025. He said that in the current situation, portfolio investors will have to change their way of thinking. They should also assume that cash can also be a part of the portfolio. It would be better if we keep 15-20 percent cash and consider it as a part of the portfolio.
Manish further said that after getting a slight dip, one can invest in defense stocks. Once the situation becomes clear after the results, calls can be taken on pharma and auto shares as per the situation. But according to Manish Jain, defense is the all-time favourite.
Talking on the banking space, Manish said that although we are moving towards cutting the rates. But a clear view still cannot be formed in banks. For now, we should stay away from bank shares. At this time, focus should be on other shares related to capital market like AMC, stock market and depository shares. Manish also likes Power Shares for 2025.
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Manish said that to earn and save money in 2025, we will have to have a multi-asset approach. Gold should be a part of our portfolio. In case of market volatility, gold can give us a stable return. In the market’s volatile and uncertain environment, gold looks quite good in the short term. Even on the basis of long term returns, there has been a difference of only 1-2 percent in the returns of gold and equity markets in the long run. To maintain stability in our portfolio, we must keep some portion for gold.
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