Sridhar Sivaram of Enam Holdings on buying opportunities in bear markets
“It’s a tough year, protect your capital”, says the market guru.
The doubts are now flooding the markets as the bears have clawed down the popular green walls. Doubts regarding the support levels, regarding the global markets and oil prices and whatnot. Now, this has become a tussle between FIIs and DIIs. What is crucial in these bear times is to protect the capital and make the right choices. Sridhar Sivaram, a veteran investment manager and a former fund manager at Morgan Stanley, currently working with Enam Holdings talked about these turbulent times and what can we look forward to in FY23.
In an interview with ET NOW, he said that the year ahead is going to be tough. Investors should focus on stock picking where the earnings are looking good, which he feels will reduce your losses at the least if not generate returns. He has also shown interest in diverting from growth stocks to value stocks such as PSU banks which have performed really well in the past year and have fairly beaten the private sector. He also stressed being bullish on the non-ferrous industry.
Expressing his thoughts on other sectors, for IT he said that his focus will be on selecting stocks with a strong earnings outlook, but he didn't seem bullish on the IT sector as a whole. Talking about the Auto sector, he said he has a bearish view on the two-wheeler segment, which is currently struck by demand slowdown from rural India. He is long on commercial vehicles as the budget for 2022 is capex heavy which might give a boost to the commercial sector. Last but not the least, his portfolio has been extremely bullish on the telecom sector. The oil prices, omicron and other problems do not bother its consumption. With the tariff hikes supporting it, the sector is looking good for the year.
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