Porinju Veliyath top stock bets
Posted: Sun Feb 18, 2018 10:57 am
Correction is done for the time-being
Porinju Veliyath says that the correction is done for the time-being, however, stocks which are overpriced could correct more.
However, investors will have to live with lower return expectations from the stock markets going forward.
“We can’t see 20-30-40 percent rally every year,” Porinju said.
He explained in the 2017, the NIfty had rallied by 29 percent and investors made average 30-40 percent returns while smart investors made 80-90 percent returns.
In 2018, the ace investor says that return expectations should be lower.
Great opportunity for Indians to buy stocks
Porinju Veliyath says that the correction provides a great opportunity for Indians to buy Indian equities.
“I am really happy about what is going on in the market. Since the end of December, we were feeling some kind of discomfort at valuations, at the speed at which stocks had been going up, especially midcaps and smallcaps,” Porinju Veliyath said.
Top stock bets
Fortis Healthcare
The theme of corporate governance is represented by the he rally in Fortis Healthcare shares after promoters Malvinder and Shivinder Singh resigned and Supreme Court allowed to sell pledged shares.
Titagarh Wagons
Titagarh Wagons lost big money in European operations but in India, it is still making some profits. Given the railway and related infrastructure allocation coming up, we have to be optimistic on these companies going forward,” Porinju Veliyath advised.
Porinju Veliyath says that the correction is done for the time-being, however, stocks which are overpriced could correct more.
However, investors will have to live with lower return expectations from the stock markets going forward.
“We can’t see 20-30-40 percent rally every year,” Porinju said.
He explained in the 2017, the NIfty had rallied by 29 percent and investors made average 30-40 percent returns while smart investors made 80-90 percent returns.
In 2018, the ace investor says that return expectations should be lower.
Great opportunity for Indians to buy stocks
Porinju Veliyath says that the correction provides a great opportunity for Indians to buy Indian equities.
“I am really happy about what is going on in the market. Since the end of December, we were feeling some kind of discomfort at valuations, at the speed at which stocks had been going up, especially midcaps and smallcaps,” Porinju Veliyath said.
Top stock bets
Fortis Healthcare
The theme of corporate governance is represented by the he rally in Fortis Healthcare shares after promoters Malvinder and Shivinder Singh resigned and Supreme Court allowed to sell pledged shares.
Titagarh Wagons
Titagarh Wagons lost big money in European operations but in India, it is still making some profits. Given the railway and related infrastructure allocation coming up, we have to be optimistic on these companies going forward,” Porinju Veliyath advised.