Carnelian Capital Advisors’ Vikas Khemani suggests keeping a close eye on India’s telecom industry as he expects the sector to become the “next big thing”, leading the market rally in the coming time.
The telecom industry has consolidated, and it’s a three-player market, Khemani, who is the founder of Carnelian Capital told BloombergQuint in an interaction, adding that while he is still evaluating his stance, the sector is a must watch.
Khemani also agreed with the consensus perspective on the financial market and said, “In the next four to five years, banks [would be] much better placed than any other set up in the banking, financial services and insurance space.”
This market rally will be led and sustained by financials, and banks form a very big part of that basket.
Khemani further advised people to remain invested in the banking sector. “[Banking] sector has a long way to go.”
Despite the increased market volatility, Khemani said he is confident that India is well-placed from a medium- to long-term perspective. “Things are under control,” he said, adding that volatility arising due to rising oil prices is a temporary situation.
- Uncertainty over Indian election would be over with by the next month
- Inflation is in control
- Global cues are favourable for India
- Market corrections should be looked as opportunity
- Markets are not overly expensive
- Should avoid taking leveraged position in the market.―Bloomberg Quint