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IT, FMCG could outperform as Covid returns: Kunj Bansal

Sumary of IT, FMCG could outperform as Covid returns: Kunj Bansal:

  • We all talk of greed and fear and taking a contrarian approach and that one should invest when the market is going down and not when it is going up…
  • If one is looking at a shorter term approach in the market, it does not matter even if one gets in at a higher level…
  • A shorter-term approach is more of a trading approach and the stop-loss oriented approach and one would like to be reasonably certain…
  • But having said that, in the specialty chemical space, two IPOs are coming in from Anupam Rasayan and Laxmi Organic…
  • For the secondary market correction, look at other factors like lack of followup buying by FIIs, oil price going up as a result or macro factors slightly changing the sentiment and lack of triggers….

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