Matt Orton, US Market Strategist and Chief Market Strategist at Raymond James Investment expects a continuation of reform policies in India post-elections.Arvind Sanger, Managing Partner of Geosphere Capital Management also maintains a bullish stance on the country's prospects in the medium-to-long term.In an interview with CNBC-TV18, Orton said, “India right now is on the infrastructure play.
We have talked about that in the past, but it signals that there is a lot of opportunity moving ahead in that part of the market.”He recommended that investors keep an eye on Adani Power, Tata Power, Larsen and Toubro (L&T), and Mahindra and Mahindra (M&M).
Orton highlighted, “L&T is probably my favourite name in the space because of its broad exposure to the infrastructure theme.
And in autos, M&M, they are not just exposed to the consumer and a lot of new product launches, but the Mahindra group in totality has a lot of exposure to the India growth theme.”Regarding financials, Orton mentioned that the sector presents future opportunities, with ICICI Bank being his preferred choice.Sanger mentioned that he expects small and midcap stocks to perform well and anticipates an increase in risk-seeking behaviour.
He noted that the financial sector has been relatively subdued but emphasised its importance for India's growth narrative.Sanger argued that banks and non-banking financial companies (NBFCs), despite the Reserve Bank of India's cautious approach, are crucial for the country's economic expansion and will likely benefit alongside other sectors.Sanger prefers metals stocks such as Hindalco, Vedanta, and various steel companies, which will gain from the steel infrastructure boom.He is also positive on banks, including HDFC Bank, Kotak Mahindra Bank, and ICICI Bank on strong growth prospects.In the mid-cap segment, Sanger prefers niche speciality companies, particularly in the power sector, with significant opportunities for companies involved in power financing.For the entire discussion, watch the accompanying video
Matt Orton, US Market Strategist and Chief Market Strategist at Raymond James Investment expects a continuation of reform policies in India post-elections.Arvind Sanger, Managing Partner of Geosphere Capital Management also maintains a bullish stance on the country's prospects in the medium-to-long term.In an interview with CNBC-TV18, Orton said, “India right now is on the infrastructure play. We have talked about that in the past, but it signals that there is a lot of opportunity moving ahead in that part of the market.”He recommended that investors keep an eye on Adani Power, Tata Power, Larsen and Toubro (L&T), and Mahindra and Mahindra (M&M). Orton highlighted, “L&T is probably my favourite name in the space because of its broad exposure to the infrastructure theme. And in autos, M&M, they are not just exposed to the consumer and a lot of new product launches, but the Mahindra group in totality has a lot of exposure to the India growth theme.”Regarding financials, Orton mentioned that the sector presents future opportunities, with ICICI Bank being his preferred choice.Sanger mentioned that he expects small and midcap stocks to perform well and anticipates an increase in risk-seeking behaviour. He noted that the financial sector has been relatively subdued but emphasised its importance for India's growth narrative.Sanger argued that banks and non-banking financial companies (NBFCs), despite the Reserve Bank of India's cautious approach, are crucial for the country's economic expansion and will likely benefit alongside other sectors.Sanger prefers metals stocks such as Hindalco, Vedanta, and various steel companies, which will gain from the steel infrastructure boom.He is also positive on banks, including HDFC Bank, Kotak Mahindra Bank, and ICICI Bank on strong growth prospects.In the mid-cap segment, Sanger prefers niche speciality companies, particularly in the power sector, with significant opportunities for companies involved in power financing.For the entire discussion, watch the accompanying video
