Pankaj Murarka on what stocks to buy if market falls a bit

pankaj murarka on what stocks to buy if market falls a bit

Like every other bull market, this market will have its own volatility and there could be some pullbacks or short-term correction but directionally, we remain firmly in a bull market, says Pankaj Murarka, Founder, Renaissance Investment Managers.

What exactly is going to be the outlook for the markets going forward? Will there be bouts of volatility that one should get accustomed to or is a mean reversal likely?We are firmly in a bull market. It has been a ferocious bull market that we have experienced over the last one year. The indices have given almost close to 100% returns and that has been the case with most of the equity markets globally as well and that reflects the global liquidity that has been playing and sloshing around and the good thing is after a gap of almost four or five years, we are seeing strong earnings growth recovery in India across the corporate sector and in the index companies. Like every other bull market, this market will have its own volatility and there could be some pullbacks or short-term correction but directionally, we remain firmly in a bull market.

Where do you see opportunity within the metals basket? We are seeing sharp increases in metal commodity prices across-the-board — be it copper or non-ferrous metals. Even if you compare it to pre-Covid levels, the price is up 20- 30% and that is partly due to the fact that we are seeing a strong resurgence in demand in the user industry across manufacturing infrastructure and so on…

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