Market is giving a decent opportunity to buy on dips, says Sachin Shah, fund manager, Emkay Investment Managers.
Sachin Shah, fund manager, Emkay Investment Managers is of the view that the undertone for the market is still very buoyant because macro factors are still in favour of Indian economy and the faith in Modi government is strong.
Market is giving a decent opportunity, so utilise that to buy on dips, says Shah.
Talking about sectors and stocks, he says although the slowdown in China is posing serious hurdle for the metal space but is not overly concerned about that.
Also read: Use correction to invest in equity; like IT: ICICI Pru
The house is bullish on Tata Motors and owns it in their portfolio. With early signs of a turn around in the MHCV cycle space, and the company being a market leader in that is sure to benefit, says Shah in an interview to CNBC-TV18. Moreover, JLR is a strong franchise for them and the valuations too are reasonable, he adds.
He is bullish on the private banks like ICICI Bank , HDFC Bank . From the NBFCs space he likes Bajaj Finance which is poised for good growth in the next few years. The house has a position in the stock.
Disclosure: Most of the stocks we would have recommended we would own in our portfolio managerial services
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