Nimesh Chandan backs private banks, cyclicals as valuations turn attractive
Why it matters: Bajaj Finserv AMC's Nimesh Chandan advises long-term investors to buy private banks and cyclicals now.
- Nimesh Chandan of Bajaj Finserv AMC believes the Indian market is experiencing a temporary disruption, not a fundamental shift.
- Chandan sees current valuations as an attractive entry point for good companies.
- Financials, especially private banks, along with cyclicals such as materials and industrials, are favored sectors.
- Consumption is showing a broad recovery across the market.
Nimesh Chandan of Bajaj Finserv AMC views the current Indian market disruption as a temporary blip, presenting a buying opportunity for long-term investors in fundamentally sound companies. He specifically favors private banks, cyclicals like materials and industrials, and notes a broad recovery in consumption.
