Sonam Srivastava of Brokerage firm Right Research (Sonam Srivastava) believes that many sectors are looking attractive after correction and these sectors can benefit from policies and global changes in India’s favor. In an interview to Moneycontrol, he said, ‘IT services can benefit from changes on the digital front, the trend of clouds and artificial intelligence based capabilities, while the status of the pharmaceutical sector is also better. ,
According to him, a major concern is about the smallcap space. Therefore, investors should be careful about smallcap holdings and set priority for companies based on strong earnings, better cash flow and strong business models. Sonam has more than 11 years of experience in the stock market and mutual funds. He said that recent correction has also damaged his portfolio and the main reason for this is the decline in smallcap stock.
He said that a recent meeting between Modi-Trump is very important in terms of trade relations between America and India. Due to the strong relationship between the two countries, sectors like defense and technology can benefit. The two leaders have expressed their desire to increase cooperation in these areas. According to Sonam, talks about the increase in arms sales by the US to India are also a positive development. This will increase India’s defense capabilities and will also promote trade relations.
Sonam said that the Modi-Trump meeting is likely to have positive effects on many sectors. Defense sector will benefit from military sales and technology transfer. He said that due to cooperation in artificial intelligence and other emerging areas, there can be growth opportunities in the technology sector. When asked, after the recent correction, the Nifty has reached its lower level, Sonam said that it is very difficult to predict, as the market has many types of micro-economic and liquidity-based factors.